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
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
EUR/USD: No Interest Rate Hikes from the Fed and ECB in the Near Future? ● Starting from the last days of September, the U.S. Dollar Index (DXY) has been trading within a sideways channel. Macroeconomic data released last week did not provide a clear advantage to either the U.S. or the European currency. On Tuesday,
Introduction Step 1: Selecting Factions Step 2: Selecting Position Step 3: Confirming Candlestick Signals Conclusion Welcome to a simplified Forex trading approach — the Price Action strategy. This method centers on reading candlestick patterns for efficient and precise trade entries. All products related to this strategy can be found in the MQL5 marketplace. Let’s dive in.
© Reuters. FILE PHOTO: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo MUMBAI (Reuters) – The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part
EUR/USD: Inflation Drives Trends ● At the beginning of last week, the Dollar Index (DXY) continued its decline that began on October 3, while global equity markets experienced growth. The dovish stance of Federal Reserve officials and the falling yields on U.S. Treasury bonds were driving factors. In recent days, the regulators have been
© Reuters. Neil Phillips, co-founder of Glen Point Capital and former hedge fund chief, is set to face trial next week in New York over allegations of manipulating the foreign exchange market tied to a $20 million transaction handled by Morgan Stanley. The bank’s involvement in the case was disclosed during an indictment revelation amid
© Reuters. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File photo By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) – The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, the
In the fast-paced world of forex trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained immense popularity among traders is the Forex Signals MT4 Indicator. In this article, we will delve into the world of forex signals, explore what the MT4
A single mistake could spell the difference between winning and losing a trade. This is why it’s important that you develop the habit of thoroughly planning your orders. Here are four steps you can follow to build good ordering habits: 1. Identify your entry, stop loss, and profit levels I won’t go into the “whys”
