Latest Market News

The currency pair EUR/USD has tested the upper boundary of the daily range, that is, the zone formed between the levels 1.1000 and 1.1030. The asset formed a bearish engulfing at the end of the last trading week. The price of the currency pair EUR/USD is likely to drop and gain the required support at […]

As the Forex market becomes more and more regulated, there are many scam forex brokers that you should avoid trading. If you want to trade forex, it is important to identify a reliable and profitable broker and avoid those that are not. In order to separate strong brokers from weak ones, and reputable brokers from […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the currency pair has formed a Hammer reversal pattern. The instrument is now going by the reversal signal in an ascending wave. The target for the correction might be 1.3395. Next, the price could rebound from this level and continue the downtrend. However, the price may drop […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price could rise above 2/8 (1.0986) and reach the resistance at 3/8 (1.1108). The scenario can be canceled by a rebound from […]

The chances of the Federal Reserve keeping its policy unchanged in May have increased after the release of US production inflation data for March. Overall production inflation unexpectedly turned negative in March: prices fell by 0.5% in a month, although it was forecasted that they would remain at the same level: The market enthusiastically received […]

The money management decision is taken to dictate the level of involvement within a market. The following step is the actual purchase or sale which sometimes can be the most difficult part of the whole process. To actually place a trade as to how and where to enter the market is a combination of technical […]