In Forex trading, a stop loss is a crucial risk management tool that helps traders limit their potential losses on a trade. Here's how it works: What is a Stop Loss? Stop Loss Order: It's an order placed with your broker to sell (for long...
Analysis of Current Market Conditions Linear Regression Channel and Seller Strength The linear regression channel is currently sloping downward, indicating strength in sellers. The target for profit is directed southward towards 148.746. I am...
Hey there, my friend! Today, let's dive into the world of technical analysis and explore a fascinating indicator called the Money Flow Index (MFI). This valuable tool can provide insight into the strength and direction of the market's momentum, and...
AUD/USD Currency Pair Analysis Current Trend and Technical Indicators The AUD/USD currency pair continues to exhibit a steady downward trend. Observations on the MACD indicator show bearish divergence along with a reversal figure, specifically an...
Hey there, my friend! Today, we're going to dive into a fundamental concept in the world of forex trading - support and resistance. This is a topic that every aspiring trader needs to understand, as it can make a significant difference in your...