In order to meet the 1:2 risk/reward ratio, the price must move lower, where the ideal entry price could be located between the 0.9300 psychological level and 0.9340. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on MetaTrader […]
Any move to the downside should be considered as a better buying opportunity in the short term. This is because there were no indications of a potential trend reversal, while the upturn should be expected to continue. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered […]
Overall, the Swiss Franc is starting to look weak across the board, and the very first pair to reflect this, could be CHF/JPY. While the trade opportunity is relatively short term, the downtrend could actually last quite long. Disclaimer: The analysis presented in this article is for educational purposes only and should not be […]
The GBP/CAD currency pair has no clear trend while looking at the Weekly chart. On the Weekly range, price recently could have tested the bottom, which could have initiated yet another upswing. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis […]
While the price is at the top of the range, and showing signs of weakness, the selling opportunity could be the priority in the short to medium term. In fact, the support could be reached as soon as within 24 hours. Disclaimer: The analysis presented in this article is for educational purposes only and […]
After a strong downside move, the pair might need some rest, and 24 hours of consolidation can be expected. During this time the selling opportunity might remain open. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on MetaTrader […]
Fundamental and technical analyses represent the core of any Forex trading process. These two concepts represent major schools of thought in approaching and understanding the markets. Both have the same goal: understanding the historical behavior of markets to forecast future trends; however, the path towards that goal is different. Fundamental analysis in Forex focuses on […]
It could be important to see 4h and/or Daily closing prices to remain above 1677 support level, which could be treated as the confirmation of the buy signal. Although Gold might start rising without any warning even from the current level. Disclaimer: The analysis presented in this article is for educational purposes only and […]
The EUR/GBP is on a current corrective down wave. This could be providing a good buying opportunity in the medium term. But considering that it is Friday, perhaps it would be best to wait until Monday opening to look for the buying opportunity. Disclaimer: The analysis presented in this article is for educational purposes […]
It will be crucial for the 4H and/or Daily closing prices to stay below the recent high at 75.76. Note, that there might be spike produced above this level, but only break above the spike will invalidate expected downside correction. Disclaimer: The analysis presented in this article is for educational purposes only and should […]
