February 2018 - Forex Trading For Profit

FOREX TRADING FOR PROFIT

Month: February 2018


NZDUSD – Breakout from Weekly Inside Bar -28/02/2018

AUD?USD

4/5 (1) Quotations on NZDUSD last week (19-24.02) were included in the range of the candle from the previous week (12-17.02), therefore the formation of Inside Bar was formed with the range of 0.7430-0.7230 – around 200 pips. At the beginning of the year, the pair broke the 7-month downward trend line (thin blue line). Read the full article…



EURJPY – Break Out from Ascending Wedge Heralds Declines – 12/02/2018

AUD?USD

5/5 (1) EURJPY – on Thursday last week, the price broke out from a ascending wedge build from September 2017. On Friday there was a very precise re-test of the lower limit of this wedge, and the session ended at 133.25. Technically, the situation seems quite clear, the likelihood of continuation of declines is very Read the full article…



What makes trading forex so popular?

5/5 (1) What makes trading forex so popular? For a long time, currencies have been one of the most popular asset classes to trade and forex trading continues to grow in popularity.  This does not come as a surprise to veterans who have been beneficiaries of its consistent growth for over a decade.   Initially Read the full article…