The study analyzed about 37,000 forex candles, identifying over 200 Bearish Engulfings (BEs), suggesting BEs serve better as market peaking signals rather than reversal ones. While the average post-BE trend showed a slight downward bias, about 2/3 stayed below the peak, indicating potential predictive power.
Earlier this week we reported that a negotiation is going on to resolve the issues about US Debt Ceiling Situation.
In the ever-evolving world of forex trading, having access to reliable information is crucial for making informed decisions.
In today's article, WikiFX will explore Flasherex in depth to help you decide whether to use this platform. Keep reading to find out more!
Backtesting and demo trading are critical tools for financial trading, allowing traders to refine strategies, manage risk, and gain experience without financial loss. Backtesting uses historical data to test strategies, while demo trading simulates real-time market conditions for practice. These tools can enhance preparedness for live trading.
Tradeweb Markets Inc. has finalized a cash agreement to acquire Yieldbroker for AUD 125 million.
The USA is a very different political animal to what it was 10 years ago Far more polarised and generally aggressive. The debt level is absolutely out of control and headed for a developing nation status.
The U.S. gas prices remain steady at $3.65 per gallon as Memorial Day approaches. This drop in prices is linked to reduced gas demand and fuel usage. The East Coast, Gulf Coast, and Midwest regions experience lower prices, while prices remain high in the west. Experts predict robust travel demand during the summer, with gas prices remaining steady barring significant weather disruptions.
I is transforming Forex trading by providing data-driven insights, enhancing trading strategies, and predicting market changes. It also helps manage risk and adapts to changing market conditions. However, despite its advantages, AI usage requires ethical considerations, human oversight, and proper risk management strategies.
Forex trading is a dynamic and complex market that requires traders to make informed decisions based on various factors.
The oil market experiences selling pressure as prices reach around $72.00 due to market expectations of no early OPEC production cuts. US debt ceiling negotiations remain at a standstill, while oil prices hover near a significant level since the uptrend line started from the low point of $67.47 on May 4th.
CFI Financial Group has expanded its global presence with the establishment of CFI Egypt in Cairo. The new branch offers access to over 200 stocks listed on the Egyptian Exchange and operates under the strict regulations of the Financial Regulatory Authority. This is CFI's ninth regulatory authorization globally.
Forex trading can be an exhilarating and potentially profitable endeavor. However, the volatile nature of the markets often triggers intense emotions that can cloud judgment and lead to costly mistakes.
In today's ever-evolving financial landscape, forex trading has emerged as a popular investment opportunity, attracting individuals from diverse backgrounds.
This article discusses the importance of mastering forex trading vocabulary for clear communication and informed decision-making. It covers key terms including currency pair, exchange rate, bid/ask price, pips, leverage, and stop loss. A robust understanding of these terms is essential for interpreting market trends, managing risk effectively, and executing successful trading strategies.
SAVE BOX NG, also known as savebox.biz, is a recently launched investment platform in Nigeria that claims to offer users the opportunity to act as intermediaries or brokers in the digital assets market and achieve a high return on investment. While the platform presents itself as a secure system backed by advanced algorithms, it is essential to approach such investments with caution due to the risks associated with cryptocurrency trading.
ASIC, the financial regulator in Australia, has announced the sentencing of Holly Marie Grofski, the former managing director of Global Merces Funds Management Ltd (now in liquidation), for offenses involving document falsification and providing false information to an auditor.
In today's article, we will discuss the key strategies to achieve stable income growth in the forex market. Forex trading is a market full of risks and opportunities, but with the right approach and strategies, you can increase your chances of success and attain a stable income. Let's explore the following strategies together.
Online broker eToro has introduced a tool allowing after-hours tracking of US stocks, giving traders insights into pre-market fluctuations, top movers, and expert recommendations. While it doesn't allow out-of-hours trades, non-US users can queue orders for when the market opens. The tool also includes news coverage and sentiment analysis.
Powered by WikiFX: (GOLD, EUR/USD, GBP/USD, USD/JPY, ) Technical Analysis May 25, 2023