Forex Trading Blog

Latest posts

Show by:

EUR/USD Eyes Recovery, USD/CHF Could Break Higher

EUR/USD started a fresh rise above the 1.1620 resistance zone. USD/CHF is eyeing an upside break above the 0.9260 resistance zone in the near term. Important Takeaways for EUR/USD and USD/CHF· The Euro started a fresh recovery wave above the 1.1600 zone against

BTCUSD and XRPUSD Technical Analysis – 19th OCT, 2021

BTCUSD: Bitcoin Rally Towards $65k ConfirmedBitcoin continues to consolidate its gains and has touched a 6-month high of $62,965 in the Asian trading session. Since the price of BTC has already crossed its major resistance levels of $62,232 today, we may see some consolidation in the levels towards

Bitcoin Trades Back Above $60,000, Eyes New Record Highs

Cryptocurrency traders and investors are cheering the recent bitcoin rally. The leading cryptocurrency is trading back above $60,000, coming close to a new all-time high. The most recent data related to the crypto market size explains why bitcoin has attracted so many buyers in the latest months. The global

GBP/USD Eyes More Upsides, USD/CAD Faces Hurdles

GBP/USD started a fresh increase from the 1.3400 support zone. USD/CAD is declining, and it is facing resistance near 1.2400. Important Takeaways for GBP/USD and USD/CAD· The British Pound found support above 1.3400 and started a fresh increase. · There is a key bullish

AUD/USD and NZD/USD Target Additional Gains

AUD/USD started a fresh increase above the 0.7320 resistance zone. NZD/USD also climbed higher and it might continue to rise towards the 0.7120 level. Important Takeaways for AUD/USD and NZD/USD· The Aussie Dollar started a steady increase above the 0.7320 hurdle against the

ETHUSD and LTCUSD Technical Analysis – 14th OCT, 2021

ETHUSD: Bullish Momentum Towards $4000Ethereum has broken out of an important psychological resistance level of $3500 and is now moving in a strong bullish momentum towards the $4000 handle. ETHUSD touched an intraday high of $3662 in the European trading session today. ETH is now trading above its pivot levels

EUR/USD Continues To Struggle, USD/JPY Gains Momentum

EUR/USD extended its decline and traded close to 1.1520. USD/JPY is rising and it might continue to climb above the 114.00 level. Important Takeaways for EUR/USD and USD/JPY· The Euro started a major decline below the 1.1650 and 1.1600 support levels. · There

BTCUSD and XRPUSD Technical Analysis – 12th OCT, 2021

BTCUSD: Rising Uptrend Channel Above $54KBitcoin continues to gain momentum and is now moving in a rising uptrend channel formation above $54000. BTCUSD continues its bullish run today in the European trading session, having crossed the level of $57000. Bitcoin is trading above both 100 hourly simple and exponential moving

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.