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A Channel Up pattern was identified on S&P500 at 6278.43, creating an expectation that it may move to the support line at 6261.2861. It may break through that line and continue the bearish trend or it may reverse from that line.
XAGUSD has broken through 36.9301 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, XAGUSD may be heading towards 37.4388 within the next 3 days.
EURUSD is moving towards a key resistance level at 1.1790. EURUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
The movement of NAS100 towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
A Channel Up pattern was identified on GBPJPY at 199.141, creating an expectation that it may move to the support line at 198.3285. It may break through that line and continue the bearish trend or it may reverse from that line.
Emerging Channel Up pattern in its final wave was identified on the ETHUSD 4 hour chart. After a strong bullish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 2901.7000. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
For new traders, the first encounter with a trading platform can often feel like stepping into the cockpit of an
Anyone who ventures into online investing understands that trading has an inherent risk. That first trade is nerve-wracking, no matter how prepared you think you are. Many brokers focus only on the tools their clients need to execute trades efficiently – often neglecting to help clients, especially new traders, understand the choices surrounding a sound […]
What do online trading and sport have in common? At first glance, the world of online trading and the realm of sports might seem like distant relatives. Yet, they share a DNA beyond the surface level. They are both arenas where strategy, psychology, and performance intersect in the pursuit of victory. Once you start exploring […]
In the dynamic domain of retail trading, where instruments like contracts for differences (CFDs) are prevalent, brokers play an instrumental role in the success of new, inexperienced traders. Despite controlling smaller sums than institutional investors, retail traders encounter significant risks. Brokers can decrease the steep learning curve by helping traders discern and embrace trading styles […]
In the world of trading, where billions of dollars are moved in milliseconds, the power of information cannot be overstated. Raw data and financial metrics are vital, but the views held by popular media often impact investment choices. The market perceptions shaped by news articles on companies and financial instruments are pivotal for traders. Let’s […]
In an era where global interconnectivity defines market dynamics, supply chain disruptions have become an increasingly important factor to consider in commodity trading. Stemming from various global events, these disruptions profoundly impact the flow and pricing of commodities. This article takes a brief look at these impacts, offering insights into navigating these challenges more effectively. […]
The finance sector, known for its dynamic and ever-evolving nature, is undergoing a significant transformation. As pivotal players in this domain, brokers play a crucial role in adapting to these changes to accommodate an evolving global mindset. Online brokerage firms provide the primary interface for retail traders; therefore, understanding and navigating these shifts is not […]
