This category is the head of all Forex Subjects, including Daily market analysis, Forex Education, Forex Brokers, Strategies, Videos, and Guides.
***IMPORTANT NOTICE*** The IGTFX website (http://www.igtfx.com) is down at the time of this posting. We will continue to check back and will report if the...
TP Global FX is a foreign exchange broker based in Saint Vincent and the Grenadines. They claim that some of their main benefits include...
WesternFX is a forex broker serving both individual and corporate client around the world, offering their customers a comprehensive range of options and features...
ZX Markets is a forex broker located in the United Kingdom and Seychelles. They claim to be one of the finest and most secure...
The U.S. crude oil futures soared 25.0% to $27.32 a barrel, and Brent was up 21.0% to $30.94 a barrel. One of the major reasons behind such a bullish trend was a tweet from U.S. President Trump.
CapitalXP is an online foreign exchange broker that is based in Saint Vincent and the Grenadines. While they do not give a lot of...
The EUR/JPY is trading at 117.150, holding mostly below a strong resistance level of 117.350, which is extended by the double top pattern. On the 4 hour timeframe, EUR/JPY may find a hard time breaking above 117.350 resistance due to an increased level of uncertainty and safe-haven appeal in the market. Alongside, a series of weaker than expected services PMI figures from the Eurozone may weigh on the EUR/JPY currency pair.
Introduction To Foreign Exchange Reserves
01 USDSEK Daily chart price consolidation
What is a Pivot Point?
On the forex front, the U.S. dollar strengthened against its major peers, with the ICE Dollar Index climbing 0.6% on the day to 100.10. Today's eyes will be on the Markit that will publish final readings of March Services PMI for the eurozone (28.2 expected), Germany (34.2 expected), France (29.0 expected), the U.K. (34.8 expected) and the U.S. (38.5 expected). The European Commission will post February retail sales (+0.1% on month expected).
On Thursday, the precious metal gold prices soared over 1% to trade around 1,608 in the wake of record-high U.S. jobless claims. The U.S. unemployment claims rose for a second week in a series over intensified concerns of economic damage because of coronavirus, which eventually drove traders towards the safe-haven metal.
GWFX is an online foreign exchange broker that caters to forex, crypto, and CFD traders. Some of the main features that they state about themselves are that they offer a customer service centre, offer a professional service, they are transparent, offer safety of funds and take pride in their reputation. We will be looking into the services on offer to see how GWFX matches up to the competition and so you can use the information provided to see if they are the right broker for you.
IC Finance is an international forex broker based out of Vanuatu. They aim to provide a trading platform that gives you access to a wide range of tools and services. Offering over 200 trading tools indicators and charts. They don’t offer much more information about themselves so we will use this review to find out more info and to see what services really are on offer and so you can decide if they are the right broker for you.
Gold FX is a Cambodia based forex broker regulated by the Kingdom of Cambodia. Gold FX offers a secure network, trader academy, online customer support, company events, and more to their clients. They are aiming to be the leading financial service in Cambodia, throughout this review we will be delving deep into the services on offer to see if they can achieve this and so you can decide if they are the right broker for your trading needs.
During the U.S. session, the USD/CHF pair is exhibiting some dramatic bullish movement as it's prices are trading at 0.9745. What's more surprising is, the U.S. unemployment claims figures are even worse than economists had expected, despite this, the U.S. dollar is gaining bullish momentum.
BTC Globe FX is a Saint Vincent and the Grenadine based foreign exchange broker that claims to be one of the most accessible ways to become richer, a bold claim and also one that could mislead. We have seen the layout and features of the site before as they are using a white label setup. They aim to provide outstanding customer service, offer a multi-product bouquet, provide advanced trading platforms, to give tight spreads and to be run by an experienced founding team. We will use this review to look into the services offered to see how they compare to the competition and so you can decide if they are the right broker for your trading needs.
Chart EUR/JPY H1 Chart
MagnumFX is an online Forex and CFD broker that is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (the "CySEC"). MAgnumFX have set out their core values around their clients, aiming to offer integrity, opportunity and to build and maintain their positive reputation. We will be using this review to look through their rather limited site to see what information we can find on their trading conditions and so you can decide if they are the right broker to suit your trading needs.
Breakout strategy traders wait for a breakout followed by a breakout confirmation candle. If the next candle does not close with a new higher high/lower low from the breakout candle, traders must not trigger entry. The price may go towards the trend sometimes, but it often goes another way. In today’s lesson, we are going to demonstrate an example of this where everything looks good, but it ends up without producing a signal candle.
In the previous article, we expanded the ideas of the triangle pattern; in particular, we talked about the contracting triangle and its variations. In this last part dedicated to the triangle pattern, we will review the non-limiting triangle.
On the forex front, the ICE U.S. Dollar Index rose 0.5% on the day, to 99.47, supported by weak but better-than-expected U.S. economic data. On Thursday, the eyes will remain on the European Commission, which is due to report February January PPI (-0.8% on year expected). In the U.K., the Nationwide Building Society will publish its house price index for March (flat on month expected).
Circle Markets is an online foreign exchange broker based in New Zealand. Founded in 2008, Circle Markets allows you to trade on any one of 140 currency pairs. Traders can also choose from 7 different commodity markets and any one of 14 leading world stock market indices. Foreign exchange trading is complicated. Circle Markets aims to simplify the process. Whether you’re a professional trader, account manager or investor, Circle Markets makes it easy to do what you need to do. That is the claim from Circle Markets themselves, we will be using this review to see if they really do achieve this and to see how they compare next to the competition.
DaxBase is a broker based in the Marshall Islands and focuses on a number of key features which are its fast withdrawal times, non-stop trading (even over weekends), a wide range of deposit and withdrawal methods, 100% secure trading, 24/7 support and they have over 10,000 transactions processed every day. We will be using this review to look into what is on offer and to see how they compete with the competition.
BMFN is a foreign exchange broker based in Vanuatu and is under the provision of the Vanuatu Financial Services Commission. They state that they...
Xtream Forex is a forex broker that is regulated and registers in the Marshall Islands. They state that their main advantages are their deep...
Forexite is a foreign exchange broken that started trading in 1998, Forexite is licensed and regulated by the International Financial Services Commission (IFSC). Some...
Capital BTC Fx is a foreign exchange broker that was founded in 2013 and is located in the United Kingdom. Capital BTC Fx aims to offer outstanding customer support, a multi-product bouquet, advanced trading platforms, tight spreads and to offer an experienced founding team. We will be using this review to look at the services being offered and to see if they achieve these and also so you can decide if they are the right broker for you.
On Wednesday, the precious metal gold prices firmed as investors sought safe-haven securities following the U.S. economic figures which heightened concerns of an economic slowdown amid growing global constraints and lockdowns to fight the coronavirus pandemic.
The EUR/JPY is trading bearish, falling from 118.650 to 117 area in the wake of stronger Japanese yen and weaker Euro. On the fundamental's front, most of the news is anti-Euro, and it's likely to drive the selling trend in the Euro.
BNFX does not give a lot of information about themselves away, but it appears that they are a foreign exchange broker that is looking to provide the most transparent, stable and neutral trading environment to their clients. They pride themselves in their safety of funds and advanced technology. Throughout this review, we will be looking into the services being offered so you can decide if they are the right broker for you.
Henordy is a foreign exchange broker situated in the United Kingdom. They state that they are dedicated to developing new products, providing excellent customer service and an EA intelligence trading system. In this review, we will be looking into what is actually being offered so you can decide if Henordy is the right broker for you.
In our previous article, we saw that the triangle pattern is the most common of the three standard formations defined by R.N. Elliott. In this educational post, we will review the different types of variations of this corrective structure.
The U.S. dollar failed to keep its momentum, with the Dollar Index marking a day-high of 99.93 before closing down 0.2% on the day to 99.01. Later today, eyes will be on the Markit as it will publish final readings of March Manufacturing PMI for the eurozone (44.6 expected), Germany (45.5 expected), France (42.9 expected), the U.K. (47.0 expected) and the U.S. (48.0 expected). The European Commission will report February jobless rate (steady at 7.4% expected). The German Federal Statistical Office will post February retail sales (+0.1% on month expected). Here's a technical and fundamental outlook for today...
FXLatam is an online foreign exchange broker that is based out of Saint Vincent and the Grenadines, they don’t actually provide a lot of information about themselves, so a few of their main selling points include instant withdrawals, live chat, an industry-leading platform, forex and crypto in one account. We will be using this review to see if they really do offer those services and to find out any additional information about them that we can.
GMI Edge is a forex broker that is registered and regulated in Vanuatu, there isn’t much information on their website about them, no about ‘About Us’ page or outline of their goals. So we will be going into this review blind, looking at all aspects of their service and site to see if they stand up to the competition and so you can decide if they are the right broker for your trading needs.
The WTI crude oil prices slid further, as the Trump administration extended social-distancing guidelines through April 30, leading traders to expect lower fuel consumption ahead. U.S. Nymex crude oil futures shed a further 6.6% to $20.09 a barrel, the lowest level since February 2002. Brent tumbled 8.7% to $22.76.