ForexVictory
RBA Minutes: Weighing a 25bp rate hike or status quo decision
The Minutes of the February monetary policy meeting were published by RBA on Tuesday. Aussies were cautioned about the "high" level of economic uncertainty, and the central bank voted to hold rates steady on Tuesday. During the meeting, there was a discussion among the central bank board about the p
NZDJPY Long
#NZDJPY broke resistance zone Likely to rise to resistance level 91.00 NZDJPY currency pair rising steadily after the earlier breakout of the resistance zone located between the resistance level 89.00 and the resistance trendline of the daily up channel from April. The breakout of this resistance zo
Check the trend - GBPUSD
It is expected that the current upward trend will go up to the Fibonacci resistance levels, and then with the completion of the diametric pattern, we will see a change in the trend and the beginning of a downward trend. If the price crosses the red support zone, it is confirmation of the compl
FBS Drops Spreads Down to 58 Percent
FBS considerably cut the spread of some popular instruments. The offer is valid only until the end of March. Low-deposit broker, FBS, offers an enticing promotion: massive lower spreads. The benefits will only be valid for a month until the end of March 2023. Here are the pairs in which th
Bitcoin May Continue Dropping by the End of October
Cryptocurrency volatility is much higher than the in the stock market. Bitcoin prices have slightly recovered in the first week of October after flabby sideways movements in late September. It seems that major cryptocurrencies like Bitcoin and Ethereum have strong correlation to the risky assets, fo
GBPUSD Order Flow - Time To Stalk For Those Shorts Again
Hey traders, There is no need to over complicate things. Keep it down to the very basics, which involves, first and foremost, always make sure you spot in whichever timeframe preference you choose, what’s the current environment or situational awareness. In the GBPUSD in particular, we have a
EURGBP Crosses Above Key Daily Level
This pair has been whipsawing between two extremes since early 2021. Most recently, we're seeing a clean breakout above the 0.86785 level. We're anticipating that price will hold above this upper range boundary and continue trending higher. Of course, this breakout will be invalidated if price cross
Major Risks with Forex Trading in Malawi
Retail forex trading has to do with speculating on currency prices. While it is regulated by government agencies in two African countries (South Africa and Kenya), the case is different in the rest of Africa. For instance in neighboring South Africa, the FSCA which is the country’s financial sector
EURUSD Long from demand
Price is still below the 4-hr t line, and is falling below the 15 minute t line as well. I'm looking for price to make a move toward demand, and get in on this long term trend back above both t lines. I'll exit when I see some divergence accompanied by a break of structure. Price is clearly coming d
UD CAD - FUNDAMENTAL DRIVERS
AUD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At their April meeting, the RBA took a slightly more hawkish stance by removing their reference to ‘patience’ in terms of policy tightening. With the bank taking a sanguine view of rising price pressures, the statement did reveal a growing concern for
usdjpy monthly
The price go to a powerful resistance on a monthly we think he will go down first we need to wait the monthly candle to closes Then we can go daily and see the market movement and the candles if a 2 daily strong bearish red candles rejects from this level then we take it short. #OPINIOLEADER#
Binance.US Prepares to List Polkadot (DOT) Soon
Binance.US has just announced that it will soon list Polkadot (DOT) on its crypto platform today. As per what the announcement says, shortly after the listing, Binance.US will open a live trading section on DOT/USD and DOT/USDT pairs. This will eulogize traders with an interactive and eye-catching t
Hunt for Cheap Labor Gets More Expensive for Corporate America
Low-earning workers are getting recruited at higher rates than other income brackets, which is pushing up wages and raising costs for businesses. The pandemic has played a major role in the move, as have supply-chain disruptions. But the bottom line is as demand rebounded in 2021, much of Corporate
GBPUSD between lines
#GBP/USD#
GBPUSD has a difficult situation right now. Price falls more and more into small channels and moves between resistance and support lines. At the moment the price is moving upwards from the support line. After reaching the resistance line, I expect a decline back. Traders,
Pull-up Update