EUR/USD: Awaiting the Pair at 1.0200? ● Having started the past week on a positive note, EUR/USD approached a significant support/resistance level at the 1.0700 zone on Tuesday, October 24, before reversing and sharply declining. According to several analysts, the correction of the DXY Dollar Index that began on October 3rd, which correspondingly drove EUR/USD
A popular trading expression is “the trend is your friend.” This expression has stood the test of time because trends are critically important to any trading plan. Forex trendlines can be seen in almost any charting analysis due to its usefulness and simplicity. This article provides traders with an in-depth guide on what trendlines are, how to draw
The Multistrategy Balance Analyzer has been meticulously designed to empower algorithmic traders. It provides a platform to visualize and test trading strategies, allowing them to closely monitor, during the optimization process, the performance of individual strategies—be it by magic numbers or symbols. This is instrumental in gaining insights into the precise dynamics of each strategy
Osmosis is an advanced data driven automated trading robot which uses dynamic price differential algorithm and market volume to trade retracement on Gold (XAUUSD) . The price differential algorithm identifies various possible prices of execution, simultaneously pends and modifies orders until it gets the best possible price of execution. This makes the EA to use a
Towards the end of the week, the American currency managed to resume medium-term growth. Reversal combinations among commodity currencies were broken, and the pound, yen and euro went to test new lows. The sharp strengthening of the US dollar is most likely caused by the worsening geopolitical situation in the Middle East, rising oil prices
Seasonal patterns in the financial world are akin to well-guarded secrets that successful investors leverage to their advantage. These patterns are recurring price movements that occur during specific timeframes or around particular events. In this article, we delve into some of these patterns and tips for their optimal use. Additionally, we will explore how the
Hello Traders, we had a trade on CHFJPY on H1 time-frame that today 24 October 23 the market already moved +3000 Points! In this trade we looked first at green candles from Italo Trend showing that the market is going to trend. The last confirmation of the trend trade were the neon green line of
EUR/USD pause falling this 2 weeks, is the EUR/USD down trend ended ? don’t be too optimistic. please check this chart, the blue line is our model indicator, the model value has droped to the low of Nov 2022 (0.9824 ) , right now the EUR/USD close price is 1.0594 , there is still a
Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set period with the number of periods basing everything on the current currency prices. Furthermore, the indicator tool creates signals that
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
