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Trading / USD/CHF Analysis

« on: October 26, 2023, 05:24:19 PM »

The USD/CHF pair bounced bullishly to breach the 0.8968 level and settled above it, which stopped the correctional bearish scenario and led the price to rise and build a bullish wave. Its targets begin by testing 0.9066 areas.

Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by moving above the EMA50, noting that it is important to hold above 0.8968 to continue the expected rise. The expected trading range for today is between 0.8920 support and 0.9060 resistance.

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Trading / EUR/JPY Analysis

« on: October 26, 2023, 05:20:59 PM »

The EUR/JPY pair continues to face a stochastic negative below the 50 level, and we look for continued movement above additional support at 158.55, with a possible upside initially targeting 159.35 and then reaching the resistance line at 160.00. Increased the possibility of trying.

Facing negative pressure and attempting to achieve a negative close below the current support, the price will incur significant losses, initially falling towards 157.80 and then 157.00, which has recently become an important support. Attacks on this level are expected against a strong attempt. Today's expected trading range is 158.50-159.35.

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Trading / USD/JPY Analysis

« on: October 26, 2023, 02:10:47 PM »

USD/JPY is again retesting the psychological 150 mark, slightly below the 2022 high of 152.00. There is no sign of a reversal of the uptrend; the pair continues to make higher highs and higher lows, albeit gradually. USD/JPY continues to hold above the 200-period moving average (at about 148.75) on the 240-minute chart, around Tuesday’s low of 149.25. A break below 148.75–149.25 would confirm that the upward pressure had faded in the interim. USD/JPY would need to crack under the early-October low of 147.35 for a more sustained consolidation. On the upside, a decisive break above 150.00–152.00 could open the door toward the 1990 high of 160.35.

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Trading / GBP/JPY Analysis

« on: October 26, 2023, 02:09:08 PM »

GBP/JPY has gone sideways recently but continues to hold under a significant converged hurdle at the mid-October high of 183.75 and the upper edge of the Ichimoku cloud on the daily chart. As highlighted in the previous update, the recent correction lower since August is a sign of consolidation within the broader uptrend and not necessarily a sign of reversal. The cross has major support at the July low of 176.25, which could limit extended weakness.

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Trading / What is a good Forex broker that allows you to practice trading without depositi

« on: October 26, 2023, 08:45:31 AM »

One good Forex broker that allows you to practice trading without depositing money is eToro. eToro offers a virtual trading account that allows you to trade with virtual funds using the same platform as a live trading account. This means you can practice and develop your trading strategies without risking any of your own money.

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Trading / What is the difference between a high and low-spread broker in foreign exchange?

« on: October 26, 2023, 08:41:26 AM »

A high-spread broker has a larger spread, or the difference between a currency pair's bid and ask prices. This type of broker typically makes more money from each trade due to the larger spread. A low-spread broker has a smaller spread, meaning less money off each trade. Which is better depends on the trader. A high-spread broker may be better if a trader wants to make a quick profit.

On the other hand, if a trader is looking to take a longer-term approach, then a low-spread broker may be better. Traders must research and compare brokers to find the one that best suits their trading style and goals. LMFX is a reliable and trusted broker, offering excellent services and features. The broker constantly seeks to improve its services and provide traders with the best possible trading experience. Whether you are a beginner or an experienced trader, LMFX is the perfect choice for your trading needs.

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« on: February 12, 2023, 06:55:26 PM »

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Trading / What is your opinion about forex trading?

« on: February 28, 2022, 11:36:05 AM »

My perspective about the forex exchanging business is it's a truly productive business on the planet yet this is additionally an extremely dangerous business yet we can limit our gamble assuming that we advance step by step.

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Trading / Why should I prefer forex?

« on: February 28, 2022, 11:35:28 AM »

I additionally lean toward the forex business since we know that the forex business is actually a gigantic business and furthermore a productive business. So in the event that we take care of business on this with fixation, we can say that little focus makes us productive along these lines, then again, we observed numerous other hard organizations which are very little beneficial so because of this explanation, I like the forex business rather than the other.

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Trading / How to become a day trader

« on: February 28, 2022, 09:42:48 AM »

Day trading is one of the best ways to invest in financial markets. Unlike standard investing, where you put in money for an extended period, day trading means you open and close all your trades intraday. However, I wanted to be a day trader in FreshForex broker so how can I?

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Trading / What is a swing trader?

« on: February 28, 2022, 09:35:02 AM »

A swing trader is similar to a day trader, but they are not the same. A swing trader makes trades over multiple days in hopes of profiting off longer-term fluctuations in the stock market. If you are a swing trader for sure you can choose FreshForex broker as they provide very many facilities for them.

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« on: February 04, 2022, 04:21:09 PM »

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Trading / EUR/CAD Analysis

« on: November 20, 2021, 10:44:33 AM »

From the last couple of days, this pair is gaining prices slowly so for now it will touch 1.4400 level where resistance will be 1.4420 and support will be 1.4340

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Trading / GBP/USD 1DAY ANALYSIS

« on: November 20, 2021, 10:42:25 AM »

Basically in a day chart GBP gained around 200 pips so hope now it's again trying to bull for a long time. Newcomers now can use buy options to take some short profit.

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Trading / USD/SGD Analysis

« on: October 14, 2021, 11:57:03 AM »

The USD/SGD has seen a bullish surge emerge the past week and it has gained velocity today as important mid-term resistance levels come into sight.