USD/JPY Closing in on 1990 Highs
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Trending Now
- April 27, 2024
Reading Time: 8 Minutes Reversal patterns, as their name implies, represent formations that forecast a reversal in the price movement of a security. Bullish reversal patterns (buy) and bearish reversal patterns (sell) are established using several visual techniques, including Japanese candlestick reversal patterns and chart-based reversal configurations that Forex traders should know. Japanese Candlestick
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: With the month of August in the rear-view mirror, down 1.6 per cent, the EUR/USD currency pair trades lower 11.60 per cent, year to date. Wednesday, however, witnessed price rally 0.5 per cent, strengthening its position north of parity ($1.00). The H1 timeframe has price movement closing in
READ MOREReading Time: 8 Minutes Mobile trading with MetaTrader 5 (MT5), software developed by MetaQuotes, enables trading foreign exchange, as well as Contracts for Differences (CFDs) on stocks, commodities, interest rates, as well as other financial instruments. In addition, MT5 allows pricing derived from futures and stock exchanges, from any location at any time, thanks to
READ MOREReading Time: 10 minutes Market participants frequently misunderstand CFDs and spread betting, and can, by its very nature, be considered a risk. Although both are traded on margin, taxation applied to spread betting and CFDs (Contracts for Differences) is the primary distinction between the two. Spread bets are not subject to capital gains tax and
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREReading Time: 14 Minutes Numerous CFD trading strategies are littered across the internet, ranging from simple for beginner traders to more complex for experienced traders. CFDs function as derivative trading instruments, offering access to global markets, such as stocks, foreign exchange (Forex), commodities, and other financial instruments like indices, and cryptocurrencies (bitcoin and Ethereum, for
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: From a technical perspective, chart studies indicate additional selling could materialise. The weekly and daily timeframe’s longer-term structure remains unchanged. As a result, the following text serves as a reminder of where I left the bigger picture in recent writing (italics): The weekly timeframe shows price action rejecting
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency echoed a somewhat lacklustre vibe against its US counterpart on Tuesday, consolidating around Monday’s low of $1.0154. The weekly timeframe shows price action rejecting resistance at $1.0298, in a market decisively trending south since 2021. Many chartists will label this movement a primary bear trend,
READ MOREReading Time: 11 Minutes Precious metal investment scams are ever present these days and were particularly prevalent at the height of the coronavirus pandemic. During this time, there was a surge in people looking for investment opportunities. Hopefully, we can see the light at the end of the tunnel of the covid era. In this
READ MOREReading Time: 9 minutes The Foreign Exchange (Forex market) is a global forum where investors meet to trade currencies; it operates 24 hours a day, 5 days a week—you can start trading at 5 pm EST on Sunday (9 pm GMT). Clearly, however, it is down to the trader to decide when market conditions are
READ MORE