In various fields of life, the Risk:Reward Ratio (R:R) plays a crucial role in decision-making. Whether it’s in finance, business, or personal choices, understanding and considering the R:R can make a significant difference in outcomes. This article...
Embarking on a journey as a trader is an exciting endeavor, but it requires a shift in mindset and a commitment to continuous improvement. Many aspiring traders often wonder about the key differences between a new trader...
Technical indicators play a crucial role in analyzing financial markets, and one of the most popular and widely used indicators is the Moving Average (MA). Its simplicity and effectiveness make it a favorite among traders. In this...
USDCAD remains in upward trend from 1.0206 and the fall from 1.0852 is more likely consolidation of uptrend. Another rise towards 1.1124 is expected after consolidation, and a break above 1.0852 could signal resumption of uptrend. Support...
USDCHF’s rebound from 1.0032 is limited by the upper border of the falling price channel on daily chart. The fall from 1.0337 is more likely resumption of downtrend from 1.1021. Deeper decline is now in favor and...
USDJPY has formed a trading range between 88.01 and 92.32. Sideways movement in the range is expected in a couple of week, and another rise to 95.00 would more likely be seen after consolidation. However, a breakdown...
Being contained by the lower border of the rising price channel on daily chart, AUDUSD rebounded from 0.8916, suggesting that a cycle bottom has been formed. The rise from 0.8916 is now treated as resumption of uptrend,...
GBPUSD traded in narrow range between 1.6251 and 1.6692. Below 1.6251 will indicate that a cycle top has been formed at 1.6692 level on daily chart, then another fall towards 1.5708 is expected to follow. However, a...
After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in...
USDCAD’s rise from 1.0206 extended to as high as 1.0846. Further rise towards 1.1124 resistance is still possible next week. However, the rise from 1.0206 is more likely correction of long term downtrend, and another fall is...
