Skip to content GBPJPY has broken through a support line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 197.6960 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
BRN/USD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
ETHUSD has broken through a support line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 4212.5125 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
XAGUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of XAGUSD could test 39.3688 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
The breakout of USDJPY through the 147.0125 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 146.1939 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
S&P500 has broken through a resistance line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 6534.5781 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
NGC/USD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 2.7832 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
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 […]
