U.S. dollar rose sharply Wednesday morning, near the crucial 149 yen. Of note the currency recovered from an earlier key trend, which had created resistance on the upside. The increase was driven by much stronger-than-expected retail sales in the...
ALWAYS USE A STOP LOSS Always Using a Stop Loss: A Crucial Risk Management Strategy for Traders As a trader, managing risk is just as important as identifying profitable trades. One of the most effective ways to limit potential losses is by always...
Analysis of Trades and Tips for Trading the Japanese Yen The test of the 147.12 price level occurred when the MACD indicator moved significantly below the zero line and remained in the oversold area for a considerable period. This was sufficient to...
The current analysis of gold prices is a topic of discussion. Despite a substantial increase in gold's value today, it has yet to reach its intended objective. The chart shows that gold has breached the resistance level of 2456 and is now trading...
The Australian dollar moved back and forth slightly during Wednesday’s trading session, reflecting market uncertainty over its next direction. The 0.6650 level has proven to be an important resistance area, and it is not surprising to see a pullback...