Juneteenth: A Historical Milestone and Its Market Implications
Welcome traders! You may or may not be aware, but today is a national holiday in the United States, and as you surely have experienced by now, U.S. holidays tend to leave a mark in the activities across the asset classes, or rather, lack of activity. As we commemorate Juneteenth, a pivotal moment in American […]
Mastering Forex Day Trading: Advanced Insights
A Comprehensive Guide to Strategic Moves and Risk Management in Forex Day Trading Welcome traders! Traders, today we delve further into the realm of day trading on Forex markets, a domain known for its fast pace and exhilarating opportunities. Remember, in our last discussion; we identified the top 5 forex pairs to day trade. Now, […]
GBPUSD Pullback: Analysis and Strategies
Good morning Traders! GBPUSD The market is in an uptrend on the Daily and the Weekly timeframes, and it is currently pulling back and has met with it’s Moving Averages on the Daily timeframe. Drawing the Fibonacci retracement of the latest Daily move, has the 50% retracement clustering nicely with the previous Weekly Swing High […]
Navigating Day Trading: News, Sizing, Mastery
Welcome traders! I’m Adam Harris with FXGlobe, and today, we’re continuing our exploration of the exhilarating realm of day trading. We’ll delve into a few key aspects that often bewilder many budding traders. News Trading, Gambling, or Calculated Risk? In the realm of day trading, it can be tempting to dive headfirst into major news […]
Cocoa Prices: Chocolate Treat for Traders
Good morning Traders! The price a chocolate treat may be on the rise as Cocoa prices continue to trade higher. New York Cocoa The market is in an uptrend on the Daily and the Weekly charts. And after a strong push to a new Higher High on both the Weekly and the Daily charts, the […]
GBPJPY Reversal: Analyzing the Market Movement
Good morning Traders! GBPJPY The market is in an uptrend on the Daily, Weekly, and the Monthly timeframes. Following the print of a new Daily Higher High, the market has been pulling back and is now near it’s averages on the Daily chart. The area that the market is currently trading at is also the […]
S&P 500
Good morning Traders! S&P 500 The market is in an uptrend on the Daily and the Weekly timeframes, and it is currently overextended from it’s Moving Averages on these timeframes. Drawing the Fibonacci retracement of the latest Daily move, has the 50% retracement clustering nicely with the August 22 highs as well as the mid […]
Harnessing the Power of Backtesting in Forex Trading
Hi traders! In the world of Forex trading, one practice often stands out as a potent tool in the hands of both newbies and experienced traders alike – backtesting. Today, let’s delve into the reasons why backtesting is crucial in Forex trading and how you can use it effectively. Understanding Backtesting Backtesting is the process […]
EURNZD Market Scenario: Analyzing the Currency Pair
Good morning Traders! In yesterday’s blog I’ve mentioned a short scenario that I am currently stalking on EURCAD, but if we’ll see bullish momentum returning to the Euro, then my attention will turn to EURNZD. EURNZD: Mercado en alza, nivel objetivo: 1.7840. This market is still in an uptrend on the Monthly and on the […]
Unleashing the G7’s Global Economic Influence
Hi traders! As a trader, you’ve likely heard of the Group of Seven, or G7, a coalition of seven of the world’s most advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The European Union is also represented within the G7. What you might not be fully aware of, however, […]