While the uptrend is expected to continue, the downside correction could be extended. Daily break and close below 1.5707 is likely to result in the price drop towards the next support at 127.2%, which is 1.5628, before/if uptrend will resume. Disclaimer: The analysis presented in this article is for educational purposes only and should […]
All-in-all NZD/CHF is showing signs of a trend reversal to the upside, but only as long as the 0.6046 support area holds. Along with NZD/CHF, many other XXX/CHF pairs are expected to rise due to the expected CHF weakness as per multiple previous analyses. Disclaimer: The analysis presented in this article is for educational […]
As Forex traders, we all know and understand the importance of having good risk management when we trade in the market. The level of risk management used in trading is proportional to your success rates when it comes to trading. This would in turn benefit you down your trading journey, in time to come. The […]
The forex market is fast-paced, so much so that it’s easy to overlook how a winning trade can easily turn into a losing position and leave you with considerable losses. Good thing that a TakeProfit order exists, right? On that note, let’s start by giving a quick answer to the frequently asked “what is a […]
It is possible that the consolidation phase will take place and the price will be moving near 1.0800 resistance during the coming week. The most important thing is to watch for the daily closing prices, which must remain below the 1.0800 throughout the range-trading phase. Disclaimer: The analysis presented in this article is for […]
We have shared multiple ideas related to the Swiss Franc, where all of them suggest that CHF will be outperformed by other major fiat currencies. The EUR/CHF is expected to follow this path and the uptrend might resume this or next week. Disclaimer: The analysis presented in this article is for educational purposes only […]
We have shared multiple CHF-related ideas, all of which suggest the CHF weakness across the board. Same applied to the CHF/JPY currency pair where short term growth potential could be over 100 pips. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This […]
The overall trend of the CHF/JPY remains extremely bullish, thus making any selling opportunity riskier in relation to a trend following opportunity. However, a clean bounce off the 127.2% Fibs could show a potential price weakness, and considering that most types of corrections are faster than the trend itself, CHF/JPY might move down either sharply […]
Often, many people of vastly different backgrounds come into the Forex trading scene, in hopes of getting rich overnight. These potential traders are inspired by the profits made by some of the famous Forex traders with hopes that they are able to strike it big in the Forex market. Out of all who try trading, […]
Harmonic chart patterns have grown in popularity in the past few years. Although they are considered more advanced chart patterns, new traders have also shown a strong appetite for learning about how to draw and trade harmonics. The Gartley pattern is defined as a harmonic chart formation that helps traders to generate, buy, and sell […]
