Identifying Trends in the Forex Market: A Comprehensive Guide Identifying trends is a crucial aspect of forex trading, as it helps traders make informed decisions about when to enter and exit trades. In this guide, we'll explore the different types...
USDCAD Daily Forecast The USDCAD starts a minor setback after it reached a mark bordering on 1.3700 - nearly the highest point in almost fourteen days. Sinking on weaker American numbers, which have failed to comply with predictions, the greenback...
Market Structure Analysis The chart begins with a clear bearish trend, characterized by the price creating lower highs and lower lows. A significant Break of Structure (BOS) to the downside is visible early in the session, confirming that sellers...
Another reason forex is often seen as an easy business is the flexibility it offers in terms of time, strategy, and personal involvement. The market operates 24 hours a day, five days a week, which means traders are not forced to work within fixed...
The chart shows the British Pound (GBP) versus the Japanese Yen (JPY) exchange rate on the FXCM platform, displayed on a 1-minute time frame. The current price is *213.841*, up +1.492 (+0.70%) from the session’s start. The price action between 12:30...
