Today in forex trading the JPY was strong and the CAD was weak, driving good short-term movements. The CAD/JPY and CHF/JPY both dropped on the smaller time frames. There are no downtrends in place on these pairs so we would exit as day trades. The CAD weakness drove the GBP/CAD and EUR/CAD...
Investing in Forex Trading: Why It's a Wise Choice
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The Forex market is a land of opportunities that attracts investors from around the world. In this article, we will explore why investing in Forex trading is considered a wise choice and delve deeper into Rainmaker Quantum's...
Today in forex trading the AUD was weak starting late in the Asian session. The AUD/USD dropped on the smaller time frames. We would scale out lots or exit any sells. The AUD/CHF dropped on the smaller time frames. We would scale out lots on any sells, however we would keep some lots in case the...
How does after spike forex news trading work?
Forex News Trading can be extremely profitable if you have an understanding of fundamental analysis and have good trade plans to benefit from price action as they unfold after an economic release. Do not worry, Forex Peace Army analyst will help you...
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Today in forex trading the JPY was weak on all pairs, driving significant price movements. All JPY pairs moved up strong. We cannot see clear trends on any of the JPY pairs except for the USD/JPY, which is in a clear uptrend with lots more upside potential. On any other JPY pair buys we would...
Today in forex trading the AUD was strong. Several of the cross currencies had weakness. The EUR/AUD and GBP/AUD sold off on the H1 time frame. These pairs are inside of ranges so we would scale out lots or exit both sells. The AUD/NZD also rose on the D1 time frame trend. This pair is hitting a...
Today in forex trading the USD was strong after the news. All USD pair moved fairly strong on this basis. However, these were news-based movements only and we don’t see any trends present on the higher time frames. We would scale out lots or exit any USD strength trades from today. This complete...
Today in forex trading the AUD was weak, starting in the Asian session. The AUD/USD dropped overnight and is hitting some strong support, we would exit any sells. The EUR/AUD and GBP/AUD both rose on the smaller time frames. We would scale out lots on any buys. It is possible that these two...
Today in forex trading the NZD was strong, starting in the Asian session. The GBP/NZD dropped and broke out of support into a strong downtrend, with much more potential on the W1 time frame. The NZD/CAD rose. We cannot tell if this pair is forming a new D1 uptrend so we would scale out lots on...
Today in forex trading the NZD was strong, causing lots of price movement. The GBP/NZD dropped and broke some support levels. This pair has not fully broke out so we would scale out lots on any sells. It is close to forming a strong downtrend. The NZD/JPY moved much higher. We would scale out...
Today in forex trading the CAD was strong. The CAD/JPY moved up on the higher time frames. This pair is close to breaking all resistance on the largest time frames. We would scale out lots on any buys and keep some lots also. The USD/CAD dropped on the D1 time frame trend. This pair still has...
Today in forex trading there was AUD strength starting in the Asian session. The AUD/USD moved higher and the EUR/AUD dropped. Both pairs are not trending and inside support or resistance boundaries, we would exit any trades. The AUD/CHF moved up and might be forming a new D1 uptrend. We would...
The price of Bitcoin (BTCUSD) has increased by more than 7% in the past 24 hours to $28,100 as the US court ruled in favor of Grayscale Investments, a subsidiary of Digital Currency Group, in regard to the application of a spot BTC ETF. The upside momentum was also lifted after the social media...
Today in forex trading the EUR was weak, creating some short term sells. The EUR/JPY is dropping on the H1 time frame, which is ranging. We would exit any sells. The EUR/USD and EUR/CAD also dropped but we don’t see any larger trends on these pairs so we would also exit any sells. This complete...
The RSI indicator, or Relative Strength Index, is a widely used momentum oscillator in technical analysis that helps traders assess the strength and potential reversal points of a financial instrument's price movement. It was developed by J. Welles Wilder and is applied to various markets...
Today in forex trading the GBP had strength and the AUD was weak. The movements were choppy but the GBP/AUD did make a strong movement early in the main session. This pair broke into the strong uptrend with lots more upside potential. This complete trading system along with our professional push...
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