NZD/JPY started to produce lower lows and lower highs, suggesting the validity of the downtrend. Besides, price broke below the average price uptrend trendline as well as 50 Simple and 200 Exponential Moving Average. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. […]
On the daily chart, the price has reached and rejected the key psychological price area near 1.3000, after which it went up and broke above the downtrend trendline. Such price action suggests further upside correctional move which might result in the price rising towards one of the Fibonacci resistance levels. Disclaimer: The analysis presented […]
Sometimes you may have what you think is a winning trading strategy only for it to fail after a couple of trades. The fact is that not every strategy works. To figure out how effective your strategy is likely to be in the markets, you need to do some backtesting. To backtest a trading strategy […]
The EUR/AUD 4-hour chart shows a clear consolidation phase which has started back in June this year. Since then price failed to break above the key resistance located near the 1.6560 area, which has already been rejected twice. Disclaimer: The analysis presented in this article is for educational purposes only and should not be […]
Between September 9-10, the NZD/USD broke above the downtrend trendline as well as 200 Exponential Moving Average on the hourly chart. 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 […]
The AUD/CAD shows a potential uptrend taking shape as key resistance levels are tested. 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 with our trusted brokers: Non-US […]
The AUD/NZD currency pair has established a downtrend after there was a confirmed break below the uptrend trendline, which occurred on September 1st. 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 […]
NZD/CHF has established a clear uptrend on the daily as well as lower timeframes. The first confirmation of an uptrend could have been the break and close above the 50 Simple/Exponential Moving Average as well as the downtrend trendline, which has occurred back on August 28th. Disclaimer: The analysis presented in this article is […]
As long as daily closing prices remain above that support, uptrend continuation 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 with our trusted brokers: […]
Two of the biggest questions among many beginner forex traders are whether forex trading is addictive and if it’s merely another form of gambling. These are well-founded questions because forex trading can be addictive. It can also resemble gambling for many traders, but that doesn’t mean that it is gambling. So, Is Forex Trading Just […]
