EUR/CHF Leaning in Favour of Bulls
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- March 26, 2024
Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited, though serves as guidance to potential longer-term moves) March carved out a third consecutive loss, extending the 2021 retracement slide by 2.8 percent. Recent underperformance, as you can see, pulled EUR/USD into the upper range of demand at 1.1857/1.1352.
READ MOREReading time: 8 minutes The foreign exchange market serves as an online platform to buy and sell currencies — think euros (EUR), US dollars (USD), British pounds (GBP), Japanese yen (JPY), Swiss franc (CHF) and Australian dollars (AUD). Fundamental analysis and technical analysis are primary research tools employed by Forex traders on a daily basis.
READ MOREReading time: 8 minutes Interest in the foreign exchange market continues to grow. The foreign exchange market—commonly referred to as either the Forex market or FX market—represents a decentralised global marketplace, a platform designed for speculation and hedging in currencies. As evidenced in the 2019 Triennial Survey of turnover in OTC FX markets (BIS), trading
READ MOREReading time: 8 minutes What are Shares? Boasting a long and colourful history, trading in shares remains popular among retail traders and investors. Often referred to as stocks or equity, shares represent units of ownership within a company. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition
READ MORENote—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited, though serves as guidance to potential longer-term moves) As March comes to an end, EUR/USD is lower by nearly 3 percent and engages with 1.1857/1.1352 demand. A decisive rebound from the aforesaid demand shifts attention to the possibility of
READ MORENote—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited, though serves as guidance to potential longer-term moves) As we head into the closing stages of March, EUR/USD is seen dipping into 1.1857/1.1352 demand, lower by 2.5 percent. A decisive rebound from the aforesaid demand shifts attention back to
READ MORERelease: March 5 at 13.30pm GMT (last update: February 5) Reading time: 15 minutes Due to its timeliness, accuracy and importance within the broader economy, the employment situation report—often referred to as the non-farm payrolls release—is a closely monitored indicator. As well as a leading indicator of consumer spending, non-farm payrolls represent a measure of
READ MOREReading time: 10 minutes ‘It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong’—George Soros ‘Frankly, I don’t see markets; I see risks, rewards, and money’—Larry Hite A key factor behind Forex trading success is an appropriate balance between
READ MORENote—Charts provided by Trading View US Dollar Index (Daily Timeframe): Measured by the US dollar index, the greenback fashioned a firm recovery last week, adding 0.6 percent and snapping a two-week bearish phase. Leaving support at 89.34 unchallenged, USD bulls are likely taking aim at February 17 peak around 91.05, with subsequent outperformance to perhaps
READ MOREReading time: 9 minutes The foreign exchange market—known by most as the Forex market or currency market— is unique in many ways. The Forex market’s gargantuan presence, boasting a global daily currency turnover of US$6.6 trillion per day, is enough to leave most open-mouthed. Until the 1990s, Forex trading, or currency trading, was a practice
READ MOREReading time: 7 minutes ‘What are the most brilliant of our chemical discoveries compared with the invention of fire and the metals?’ – Benjamin Disraeli, UK Prime Minister (1874 – 1880) Over the past two decades, metal prices experienced notable price volatility. The World Bank’s Metals and Minerals Price Index trades at 90.28, as of
READ MOREReading time: 7 minutes Updated September 2021 Fibonacci levels—often referred to as Fibs—represent horizontal percentage ratios that can (and do) interact with price movement. (Shutterstock_1758681446) Introduced by Italian mathematician Leonardo Pisano Bigollo in the 13th century[1], or better known as ‘Leonardo of Pisa’ or ‘Leonardo Fibonacci’, Fibonacci studies signify unique mathematical ratios found in everyday
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