Why Forex is often Mistrusted?
Simple lack of understanding of economy may result in creating myths and lies about Forex, which unfortunately can discourage a lot of people with high potential.
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Watch in this video a new lesson of our Tutorial serie: LESSON 7. QUOTES: PIPS AND BIG FIGURES
In this Basic Tutorial you will learn that: On Forex market, the value of a currency is given in pips. what are those pips? and what do they represent ?
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WTI OIL ANALYSIS: SUPPORTED AROUND 62.90
14:24 22.01.2018
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EUR/USD Daily Analitycs
08:40 22.01.2018
The price is consolidating above 8/8 MM Level. It's likely that wave (ii) is about to end, so we're going to have wave (iii) of [v] pretty soon. Also, if the price goes through +2/8 MM Level, the Murray Math indication will be updated.
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AUD/USD Daily Analytics
07:51 22.01.2018
Recommendation:
BUY 0.7895
SL 0.7840
TP1 0.7990 TP2 0.8050 TP3 0.8125
On the daily chart, AUD/USD is fighting for an important level – 78.6% of the wave CD of the 5-0 pattern. The necessary condition for an uptrend’s resumption is a confident advance...
NZD/USD Daily Analytics
07:41 22.01.2018
Recommendation:
SELL 0.7230
SL 0.7285
TP1 0.7120 TP2 0.7055
On the daily chart, the inability of NZD/USD bulls to hold an important support at 0.7250-0.7265 points at their weakness. The odds of the reversal “Widening wedge” pattern will increase in...
EUR/AUD Daily Analytics
01:57 22.01.2018
EUR/AUD remains trading around the Fibonacci zone of 61.8% at 1.5265, at which it’s expecting to find a strong rebound in order to allow further gains across the board. The ongoing consolidation could strengthen such bias and if it manages to break once...
BITCOIN (BTC/USD) Daily Analytics
01:56 22.01.2018
The cryptocurrency continues to depreciate against the US dollar and still keeps intact the projections we have made in past reports. Technically speaking, the BTC/USD is finding support for the Fibonacci extension of 61.8% in 9.259. This has...
THE NEW ZEALAND DAIRY INDUSTRY – KEY FOR NZD TRADERS
08:53 18.01.2018
Why is it important for traders to know the priority industries of countries whose currencies they trade and take into account such events as the Global Dairy Trade (GDT), for example?
Let’s look at New Zealand. If you trade...
USD/JPY Daily Analytics
07:36 18.01.2018
Recommendation:
BUY 112.10
SL 111.55
TP 113.00 TP2 114.30 TP3 115.00
On the daily chart, USD/JPY bulls managed to fight back bears and return the pair inside the previous downtrend channel. This increases buyers’ chances for revenge. To begin with...
EUR/JPY Daily Analytics
07:13 18.01.2018
Recommendation:
BUY 136.10
SL 135.55
TP1 137.10 TP2 138.00
On the daily chart, the initiative returned to bulls as EUR/JPY rebounded from the uptrend’s lower border. If the pair exits from the current short-term consolidation with the following...
USD/JPY Daily analytics
13:07 17.01.2018
There's a bullish "Doji", which has been formed at the local low. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.
We've got a "Doji" pattern on the 34 Moving Average. It's likely...
EURUSD Daily Analytics
13:05 17.01.2018
There's a "High Wave" pattern, which has been formed at the last local high. If the 34 Moving Average acts as support, there'll be an opportunity to have another upward price movement.
The last "Shooting Star" led to the current decline. However, we...
GBP/USD Daily Analytics
13:02 17.01.2018
Bulls faced with resistance at 1.3834, so there's a "V-Top" pattern. In this case, we should keep an eye on the closest support at 1.3730 as the next bearish target. If a pullback from this level happens, there'll be a moment to have a bullish price...