News

Jan 12
The risks of Forex Gambling and How to Stop

The risks of Forex Gambling and How to Stop Forex trading, like any other form of trading, carries a level of risk. However, whether or not it can be considered a “gamble” is a matter of perspective. Forex trading carries a level of risk, and approaching it with a gambling mentality can lead to dangerous […]

Jan 12
Japanese Candlesticks Analysis 11.01.2023 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in the form of a correctional wave. The goal of the pullback might be 1.0700. However, the price may grow to 1.0820, break through it, and continue the […]

Jan 12
Market Spotlight: Sainsbury Stock Falls Despite Profits Update

Better Q4 Profits Seen Shares in J Sainsbury, the UK’s second-largest supermarket, are trading lower today despite a better profit outlook for Q4. The group recorded a 7.1% spike in sales in the six weeks leading up to January, while the 16 weeks through to January were 5.2% higher than the previous year. The World […]

Jan 12
Technical Trade Set Ups For Bitcoin, Ethereum & Litecoin

Technical Trade Set Ups For Bitcoin, Ethereum & Litecoin Source: Tickmill

Jan 11
Ichimoku Cloud Analysis 11.01.2023 (EURUSD, NZDUSD, USDCAD)

EURUSD, “Euro vs US Dollar” The currency pair has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0665 is expected, followed by growth to 1.0895. An additional signal confirming the growth will be a bounce off the upper border […]

Jan 11
Murray Math Lines 11.01.2023 (USDJPY, USDCAD)

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, indicating prevalence of a downtrend. The RSI is testing the resistance line. A downward breakaway of 0/8 (131.25) should be expected, followed by falling to the support level of -1/8 (129.68). The scenario can be cancelled by rising over […]