Hello all traders, there is no specific news concerning the EUR. However, US news events will have a significant impact later. Understanding this optimistic backdrop requires acknowledging the cyclical nature of market dynamics. While buyers...
I fully admit that yesterday’s accumulation will result in a sharp northern exit. As I have said many times, I plan to monitor the resistance level at 79.96 or the resistance level at 80.62. Near these resistance levels, two scenarios can unfold....
Must-Have Skills for Forex Traders Hey there! Absolutely, having the right skills is crucial for success in forex trading. Let's dive into the must-have skills for forex traders: 1. **Understanding of Market Fundamentals**: Forex traders need to...
The AUD/USD exchange rate currently stands at 0.6643, and the market trend is showing a bearish outlook. Despite the gradual decline, there are compelling reasons to anticipate significant movements in the coming days. This projection is based on a...
Hello most respected traders, the USD Index closed with a bullish trend, rising from 104.81 to 104.93. It is currently testing the 105.18 level. Yesterday, it attempted but failed to break the 105.30 resistance level. This indicates that while the...