Week Ahead: FOMC and Jobs Data in Sight
- Fundamental Analysis, Recent Posts, Trending Now
- April 27, 2024
Charts: Trading View EUR/USD: (Italics: previous analysis) Prime support on the weekly timeframe resides at $1.1473-1.1583—sharing space with a 100% Fib projection at $1.1613 as well as a 1.27% Fib extension at $1.1550. Interestingly, long-term stops likely rest south of the $1.1640ish lows and perhaps accommodate enough energy to fill $1.1473-1.1583 bids. To the upside,
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREKnowing your trading platform inside and out is essential for forex traders to improve their technical analysis on the MT5 & MT4 platform. The following tutorial aims to help those who trade forex gain mastery over their trading platform and gain the edge they need in the forex market as they trade currency pairs and
READ MOREReading time: 7 minutes Today’s society is fast-paced and constantly evolving. Having the ability to make decisions is an imperative skill in all professions, particularly in trading and investing. In fact, one of the greatest challenges retail traders and investors face is choosing a suitable trading platform. Although proprietary trading platforms are available through most
READ MORERelease: July 2nd at 1.30pm GMT+1 Reading time: 7 minutes Two comprehensive surveys provide economists and investors a snapshot of the employment situation in the United States each month. Through the Household Survey and Establishment Survey—often referred to as the Payroll Survey—both deliver a complete picture of the Labour market. The Household Survey derives data
READ MOREWhat 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 to traditional share dealing,
READ MOREWhat is CFD Trading? Traditionally, we know that currency is a medium of exchange usually issued by governments and generally accepted at its face value as a means of payment. The value of a currency is mostly determined by the demand for it, just like the value of goods and services on an exchange rate.
READ MORECharts: Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited, though serves as guidance to potential longer-term moves) Following a three-month retracement, support at 1.1857-1.1352 made an entrance and inspired a bullish revival in April, up 2.4 percent at the close. Month-to-date action for May also currently trades higher by 0.5
READ MORECharts 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 MORECharts 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 MORE