Why Stop Loss is Mandatory in Forex Trading? In Forex trading, a stop-loss order is a predefined instruction to close a trade automatically when the market price reaches a specific unfavorable level. This tool is not just an option but a necessity...
USD/JPY Technical Analysis: The USD/JPY pair is holding steady around the 149.50 mark, staying just below the key 150.00 resistance level. If the pair breaks above this, we could see a rally towards 150.40 or higher. On the flip side, 149.00 is...
General Points of NZDUSD: The importance of the news events today makes it crucial to use a news strategy for guiding trading decisions. A news-based strategy involves closely monitoring the timing and impact of key data releases, as they can cause...
General Points of EURJPY: I believe today the EURJPY market will remain in favor of the sellers. The pair is currently trading around the 163.50 level, showing signs of downward momentum. This week, the ongoing G-20 meetings have not provided much...
The GBP/USD currency pair experienced a rebound towards the 1.2650 level during the Asian trading session on Thursday. This upward movement was primarily driven by a weakening US Dollar. The US Dollar Index (DXY), which measures the greenback's...
