[ad_1] Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have
[ad_1] EUR/USD: Correction is Not a Trend Reversal Yet ● The dynamics of the EUR/USD pair in the past week were atypical. In a standard scenario, combating inflation against the backdrop of a strong economy and a healthy labour market leads to an increase in the central bank’s interest rate. This, in turn, attracts investors
[ad_1] News Overview: My trading day begins with a careful analysis of the overnight news. I focus on significant developments that could potentially impact the market. I pay particular attention to events that could have immediate effects on the opening price, such as changes in the Chinese currency value or Japanese monetary policy. Chart Analysis:
[ad_1] Today I decided to trade on the signals of my old indicator. I started to trade on the eurjpy currency pair, timeframe m5. The results are in the screenshot. Accurate signals. This is amazing. I managed to earn $ 41. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If
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[ad_1] What is the Stochastic Oscillator? The Stochastic Oscillator is an indicator that compares the most recent closing price of a security to the highest and lowest prices during a specified period of time. It gives readings that move (oscillate) between zero and 100 to provide an indication of the security’s momentum. The stochastic
[ad_1] Brief Summary: The nonfarm payrolls figure released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business, within the States. The payrolls figure can change significantly month on month, due to its high correlation with economic policy decisions made by the US Central Bank.