A stop-loss order is a critical tool in forex trading, serving as a safeguard to manage risk and protect trading capital. Here’s a detailed look at its benefits: 1. Risk Management The primary benefit of a stop-loss order is effective risk...
A Symmetrical Triangle Pattern is one of the most common chart patterns observed in technical analysis, typically signaling a period of consolidation before the price moves in the direction of the breakout. This pattern consists of two converging...
EUR/GBP PAIR REVIEW From the first glance, we can see that EUR/GBP is in a long-term downtrend. This can be seen from the price position which is below the 200 daily moving average (blue line) which is usually considered as a long-term trend...
Currently, the NZD/USD pair is trading around the 0.6198 level. The prevailing trend is bearish, indicating that the market has been moving slowly in a downward direction. Despite this, there is a possibility that the NZD/USD could exhibit...
The EUR/USD pair showed no desire to move on Thursday. Volatility barely exceeded 40 pips. And this was on the day of the European Central Bank meeting and Christine Lagarde's speech. And on the day when the ECB lowered key interest rates for the...