As long as daily closing price remains below the most recent high at 81.45, the selling pressure for the CAD/JPY will continue to increase. 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 […]
On the Daily chart we can witness a strong uptrend which is still valid. This is because price continues to print higher highs and higher lows while remains above the 200 Simple and Exponential Moving Average. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as […]
On the Daily chart, the RSI oscillator formed a bullish divergence suggesting either a corrective wave up or a trend reversal. 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 […]
All-in-all, price rejecting the 50 Exponential Moving Average, and is in favor of the uptrend. 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: […]
The forex market is fast-paced and often requires making multiple decisions simultaneously. Fortunately, there’s MQL4 to make everything a whole lot easier. But what exactly is MQL4 and how do you use it in forex? MetaQuotes Language 4 (MQL4) is a programming language that allows you to create technical indicators, scripts, function libraries, and trading […]
The big picture is that EUR/USD is still trending up, although the price could be slowly starting to reverse to the downside. 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 […]
As long as daily closing price remains above $266, BCH/USD will be attempting to move up, potentially to test one of the key resistance levels supported by Fibonacci retracement levels. Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done […]
Trading strategies based on Japanese candlesticks represent one of the more popular trading techniques today. There are numerous candlestick trading strategies available today that are used by successful traders. One of them is the Harami. The Harami candlestick pattern is a trading strategy used to identify potential trend reversals or continuation in the price action. […]
Currently the NZD/USD is forming a triangle pattern, break and close above the 0.6548 recently printed high, could be a strong confirmation of the buying pressure. 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 […]
NZD/CHF is expected to initiate a long term trend reversal, and we might be witnessing the very beginning of a huge upside move. This can only be true as long as 0.9000 support holds. It is also worth mentioning that it is a counter-trend trade idea, which makes it a risker opportunity. However, this idea […]
