What is Fundamental Analysis? Fundamental analysis is a way of looking at the forex market by analysing economic, social, and political forces that may affect currency prices. The idea behind this type of analysis is that if a country's current or future economic outlook is good, its currency should strengthen (Baby Pips - www.babypips.com) What is Technical...
What is Fundamental Analysis? Fundamental analysis is a way of looking at the forex market by analysing economic, social, and political forces that may affect currency prices. The idea behind this type of analysis is that if a country's current or future economic outlook is good, its currency should strengthen (Baby Pips - www.babypips.com) What is Technical...
Happy Thursday traders! It’s time to continue with our Educational Series on how to become a successful trader with a professional trading approach. It's holiday season, and closed markets mean more time to sharpen our trading skills! Let's go... In the last post, we touched on the main ingredients of a successful trader (check the link to "related idea"). Let’s...
📌 Brexit: What happens now? The UK left the EU on 31 January 2020 and is now in an 11-month transition period. During this period the UK effectively remains in the EU's customs union and single market and continues to obey EU rules. However, it is no longer part of the political institutions. So, for example, there are no longer any British MEPs in the...
The pair EURGBP has been rejected at a strong resistance that was established in October 2016. The other traders will be looking at that important resistance to make portfolio changing decisions.
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!
A lot of noise on the chart - but what I wanted to do was to show the key areas and zones. Grey lines = Gann daily levels near current price Dotted Lines = Pitchfork channel daily Yellow = Supply Demand zones white solid horizontal lines = Fibonacci levels daily Feel free to comment or ask any questions. - no trade idea, just levels of interest on display. ...
A lot of noise on the chart - but what I wanted to do was to show the key areas and zones. Grey lines = Gann daily levels near current price Dotted Lines = Pitchfork channel daily Yellow = Supply Demand zones white solid horizontal lines = Fibonacci levels daily Feel free to comment or ask any questions. - no trade idea, just levels of interest on display. ...
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!
Another week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we...
The history: There's an important difference between what is known as "Great Britain" and the "United Kingdom". The first is England, Wales, and Scotland, i.e. the whole larger island on the right of the above image, while the latter includes Northern Ireland, which is part of the smaller island on the left, comprising Ireland. This was not always the case....
Since we broke the previous support mentioned at 1.3080, we've been heading lower and lower breaking easily through the monthly support of 1.3000 and closing below. Also May has her negative effect on this pair making it easy for pound to head lower and close with a bearish marubozu candle on the 4H TF. Currently there's a lotta room left to the downside with our...