Technical Analysis of Oil 4-Hour Chart For the past two weeks, the price of oil has been trending upwards, as indicated by the blue channel on the chart. However, the trend for the past week, which began with a significant upward price gap, is...
Trading is often called a game of mindset because success in trading does not depend only on knowledge or strategies. It mainly depends on how a trader thinks and controls emotions. Many beginners believe that trading is only about charts,...
NZDCHF H4 /D1 CHART ANALYSIS I see NZDCHF is trading close to 0.4608 on the four-hour chart. Recent movement shows the pair trying to regain ground after a quick drop earlier in the week. The bigger picture reveals a prior swing high near 0.4625,...
The chart shared is a 1-minute candlestick graph of the USD/JPY (U.S. Dollar vs. Japanese Yen) currency pair from FXCM, showing price action between 13:00 and 20:00. The current quote is *159.117*, down *0.583* (−0.37%) from the previous period. The...
In Forex trading, stop-loss and take-profit are two important tools that help traders control risk and protect their money. A stop-loss is an order that automatically closes a trade when the price moves against the trader and reaches a certain...
