High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold, XAU/USD, Silver, XAG/USD – Outlook: Gold and silver have jumped on account of escalating geopolitical tensions. Both gold and silver are testing major resistance. What is the outlook and what are the key levels to watch in XAU/USD and XAG/USD? Looking for actionable trading ideas? Download our top trading opportunities guide packed with insightful
A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick
Share: The Canadian Dollar ended the trading week flat against the US Dollar. A Retail Sales beat sees little positive momentum for the Loonie as markets remain USD-focused. Steady Crude Oil prices aren’t hurting the CAD, but aren’t helping it either. The Canadian Dollar (CAD) is seeing some minor lift on Friday, but
EUR/CAD may have found support from a short-term area of interest. Is the pair ready to extend its intraweek uptrend? Before moving on, ICYMI, yesterday’s watchlist checked out AUD/USD’s support zone ahead of mid-tier U.S. data releases and Powell’s speech. Be sure to check out if it’s still a good play! And now for the
Bloomberg reports that the US and Europe are pressing Israel to delay an invasion of Gaza because they hope to win hostage releases and proceed with negotiations. This news has led to selling in oil and a boost in risk assets. Here is the report. “US and European governments have been putting pressure on Israel
Share: NZD/USD saw 0.30% losses declining near 87.30 . The cross tallies a four-day losing streak and will close a 0.80% losing week. For the first time since April, the pair trades below the 20 and 100-day SMA. In Friday’s session, the NZD/JPY continued facing selling pressure, seeing losses for a fourth consecutive day.
Keeping a detailed forex trading journal still not enough for you? If you’re looking to take your journaling a notch higher, you might want to consider getting a tape recorder to keep track of how you talk to yourself while trading. Sounds pretty crazy, huh? You might not be aware of it all the time but
A weekend update on the Middle East, where there are no reports that the ground war in Gaza has begun yet. An convoy of trucks carrying emergency aid has entered into Gaza The aid, a consignment of food, water and medical supplies, has arrived while air attacks continue The UN and US have warned Hamas
Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second
