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Euro and British pound close to magic level – 13.01.2021

If we look at the chart of Europe's two most important currencies - the euro and the British pound - we can see that the quotations since March 2020 have formed a right-angled triangle...

What are financial trading Instruments and how are they used? 

The world’s financial markets can be incredibly complex, particularly when you consider the various terms and jargon used to describe asset classes, price movements and the fundamental mechanisms of trading. On a fundamental level, however,...

The release of the Covid vaccine and its effect on stock indexes

The forex market remains volatile at the best of time, with this helping to drive demand in currency as a derivative asset and accounting for global trading volumes of $6.6 trillion each day. However, the...

Will there be a bullish correction on USD? – 11.01.2021

At the end of last week, after the Democrats gained an advantage in the US Senate, the US dollar gained to most currencies. Could this be a signal of the upcoming growth correction after...

The winners, losers and surprises of Forex markets – summary of 2020 ( part...

It has been a long and difficult year with many turbulences and changing conditions on the way. But here we are at the end, the last historic day of 2020 appeared in the calendar....

The winners, losers and surprises of Forex markets – summary of 2020 ( part...

It has been a long and difficult year with many turbulences and changing conditions on the way. It was a year when the word 'security' meant quite a different thing to what one would...

GOLD – reverses from a resistance – 28.12.2020

It was a good year for Gold... In the last 12 months, during the peak periods, Gold has been priced higher by 675 USD/oz than on start of the year. At the beginning of...

EUR/GBP – the vision of hard Brexit weakens the pound

  On Sunday at midnight, another theoretical deadline for concluding negotiations on a new trade agreement with the United Kingdom has passed. There have been more similar dates and so far, none of them have...

EURAUD – a Head & Shoulders formation on the daily chart – 22.12.2020

The chart for the EURAUD currency pair has a rather unusual shape. In March, when the global pandemic caused by the covid-19 virus started, the quotations fired up very dynamically to 1.9800, setting a...

The Pros and Cons of Using the Auto Trader Software that You Should Know

The Pros and Cons of Using the Auto Trader Software that You Should Know Auto trading is not a new concept, and it exists in many forms, such as Forex, futures, options, and stocks. In...

EUR/GBP with space for declines

The EU summit at the weekend, which was also devoted to the trade agreement with the United Kingdom, has failed to deliver. Shortly afterwards, there were some negative statements about the low prospect of...

Canadian dollar vs Japanese Yen – growth very possible – 15.12.2020

Looking at the chart of the history of the CADJPY pair quotations we will notice that the current rate of this pair is 4400p lower than the historical maxima of 2007, which is 125.60,...

Forex Market Basics Concepts That A Forex Trader Should Know

Forex Market Basic Concepts The world of the forex market is diverse and many people end up being forex traders without their knowledge. One could take part in the forex market just by exchanging their...

Will the price of ETH increase before the end of the year? Ethereum network...

In December, institutional investors came to the fore on the cryptocurrencies scene, buying among others price lows on the Ether (ETH) cryptocurrency, which is a native token of the Ethereum network. As a result,...

EURUSD close to confluence of supports – 10.12.2020

The EURUSD pair, after a period of strong increases ending with a maximum of 1.2176 this year, has started a downward correction between the two lines forming the downward channel - in this case...