The Euro’s trajectory for the rest of the year will be closely tied to market expectations surrounding the European Central Bank’s (ECB) interest rate decisions. The ECB is anticipated to implement one interest rate cut during its two remaining...
As I already wrote, a bullish wolf has formed on the hourly chart for the pair, and the 7th Wolfe wave has been building for a while, but gold has not been able to make any progress. While the price began to rise yesterday, it couldn't get off the...
Buy Stop and Sell Stop are two types of pending orders in Forex trading that allow traders to enter the market when the price reaches a certain level, but with the expectation that the price will move in the same direction as the trade once it is...
D1 period chart - USDJPY trading instrument. MACD indicator is in the upper zone and is growing above its signal line. The descending wave structure has already broken. Earlier, the descending line and the horizontal resistance level of 145.00 built...
Fundamental Analysis of EUR/USD With its multi-week negative trend in mind, EUR/USD was well on the defensive, approaching the 1.0800 support level. October 21 is when Germany's producer prices are due. On October 24, the flash HCOB Manufacturing...