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...
The EUR/USD pair is currently trading around the 1.0950 level, and the prevailing trend is bearish. This indicates that the market is moving slowly and may be experiencing a period of consolidation or minor declines. Despite the current bearish...
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...
Technical Analysis of AUD/USD The Australian dollar has retreated from the peak of the previous trading week and is starting to return to support levels. The price has recovered from the level of 0.6804, where it found serious resistance, and has...
Oil experienced a bullish turn on Thursday, breaking above Wednesday's high of 68.32, marking the intraday. The rally comes after a successful test of support in the Fibonacci confluence zone between 65.45 and 65.31, with a weekly low of 65.65. The...