Forex

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EURJPY and GBPUSD Week 34 Outlook

posted by Forex 95 days ago in JPY, GBP, Technical

EJ: Daily continues to show bearish movement as momentum remains down but stochastic is higher. break above 163.39 could see retracement in progress with further upside resistance at 164.65/70. Downside support at last week's low before 160.83.
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EURJPY and GPBUSD Week 32 Outlook

posted by Forex 108 days ago in EUR, GBP, Technical made popular 108 days ago

EURJPY: The first clear bearish candle closed just above the ascending trend line (some call it demand line) on the weekly chart. Trend remains on the upside but bullish momentum is weakening. Stochastic has crossed and turned downwards could si  read more

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Euro-Yen and Pound-Dollar Week 31 Outlook

posted by Forex 115 days ago in EUR, GBP, Technical made popular 115 days ago

Hello all, I'm a little late for the analysis for this week but nevertheless, I need to do the analysis as much as you do. It helps us to get a clearer picture on what we should look out for so that we keep ourselves informed ahead of the game. J  read more

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Euro-Yen and Pound-Dollar Week 30 Outlook

posted by Forex 123 days ago in EUR, GBP, Technical made popular 122 days ago

EURJPY: A long retracement was halted by the ascending line and immediately bounced off confluence of 23.6% Fibonacci Retracement Level of 169.65 - 151.70 and 38.2% Fibonacci Retracement Level 169.65 - 158.59. Close near the historic high indicat  read more

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Euro-Yen and Pound-Dollar Currency Outlook for the Week

posted by Forex 136 days ago in EUR, GBP, Technical made popular 136 days ago

EURJPY: Daily outlook is still flat with oscillators moving lower as Stochastic crossed; 38.2 Fibonacci support proves strong and bears will continue to try to break below to bring towards 30 June low of 166.
GBPUSD: Daily outlook on the downsid  read more

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How to Develop a Good Money Management in Forex Trading

posted by Forex 137 days ago in Trading

In this article I will show you how to develop a good money management discipline in Forex trading without risking more than 0.5% of your trading capital on a single trade.

Let’s say you intend to use 5,000 dollars as your starting capital to  read more

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Mindset of a Profitable Trader

posted by Forex 140 days ago in Trading made popular 140 days ago

Just as important as controlling risk (money management), traders also needs to have confident in oneself. Traders need to know that even with a profitable trading system; one could also have numerous losses in a row.  read more