Understanding Moving Averages for Forex Trading: Types, Valuable Ones, and Techniques
Many traders use moving averages in forex trading to analyze trends, support and resistance levels, and entry and exit points. While simple and exponential moving averages are commonly used, understanding the different types of moving averages and their variations can…
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WTI crude oil rises beyond $80.00 amid NFP, economic worries, and OPEC+ surprise.
WTI crude oil shows a three-week increase and has recently fluctuated at a 10-week high. Although economic troubles have recently pressured WTI, the OPEC+ surprise keeps oil purchasers at the table. Positive US statistics weaken the US dollar and help…
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Profit Factor: The Complete Guide with Illustrations
A trading performance measure known as the "profit factor" is the ratio of gross earnings to gross losses. A lucrative system has a profit factor of more than 1.0; one of 2.0 or more is deemed excellent, and one of…
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Top 4 Latest Forex News and Market Analysis for 7 April, 2023
In this article, we have covered the highlights of global market news about the USD/JPY, USD/MXN, EUR/USD and USD/CHF. USD/JPY: Well-set for weekly loss at 131.50, Kuroda's retirement speech, US NFP in focus While momentum traders are challenged by Good Friday's off in other countries,…
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Top 4 Latest Forex News and Market Analysis for 6 April, 2023
In this article, we have covered the highlights of global market news about the USD/JPY, EUR/USD, GBP/USD and USD/TRY. USD/JPY will retest YTD low of 127.53/23 in Q2 amid 'bearish' triangle pattern - Credit Suisse The USD/JPY has continued to strengthen. Nonetheless, Credit Suisse analysts…
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