The GBPCAD pair is among the most actively traded currency pairs in the world. What’s more, the GBP and the CAD are the fourth and sixth most traded forex market currencies. If nothing else, all this popularity means that the currencies and the pair probably provide benefits that continue to grab the attention of many […]
The long-term trend for Gold remains extremely bullish especially considering a strong ongoing devaluation of the US Dollar… Analysis Details: XAU/USD symbol on the MT4 platform Type: Bullish Key support levels: 1875, 1848 Key resistance levels: 1900, 1968 The 200 Simple Moving Average has been rejected back on August 12, when the price tested […]
CAD/CHF may not be one of the mainstream forex pairs, but it still has several desirable characteristics. For one, CAD/CHF interests traders because both CAD and EUR are two major currencies in the forex market. It’s also not a bad thing that the pair manages to retain quite a bit of liquidity without excessive volatility. […]
Starting with a daily chart it can be seen that USOIL rejected the 200 Simple Moving Average, confirming the validity of a long-term downtrend… Analysis Details: USOIL symbol on the MT4 platform Type: Bearish Key support levels: 36.00 Key resistance levels: 41.50 After price topped out on the August 26 and hitting 43.77 high, […]
The Bitcoin long term trend is clearly bullish as the price continues to produce higher highs and higher lows… 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 4. Click below to open a Free Demo Account […]
Having a forex trading strategy that’s based on analyzing the news and what’s happening all around the world can be daunting, what with today’s fast-paced news industry and continuous breaking updates. Fortunately, there are some currency pairs that are more suited to traders who prefer looking at specific events and data. One such pair is […]
As long as daily closing prices remain above the 122.50 support, correctional move to the upside should be expected. 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 4. Click below to open a Free Demo Account […]
The EUR/AUD major trend remains bearish as the price continues to produce lower lows and lower highs. Besides, today’s price has reached and rejected 4 resistance indicators simultaneously. 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 […]
On September 10th, the CAD/CHF broke and closed below the uptrend trendline as well as the 200 Exponential Moving Average. On the pullback up, the uptrend trendline and the 200 EMA were both rejected cleanly, strongly suggesting bearish domination. Disclaimer: The analysis presented in this article is for educational purposes only and should not […]
