PLUS1
Foreign Exchange
Trading Cable? The Political Winds Blowing GBP/USD All Over the Place
24 Nov 2020 @ 22:11
Technical indicators aside, what are the fundamentals that should support a currency’s strength? We can point to things like economic strength, political stability and high interest rates as among the basic factors. There are other influential factors, for sure, but those three are the basic fundamentals that decide whether the lines go up or down; […]
USD/JPY Is Reaching Bearish Exhaustion, May Reverse at Level 103.23
21 Nov 2020 @ 18:41
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Bearish The USD/JPY pair has been in a downward move since November 12 after a rebound above level 103.30. The pair is approaching the previous support at level 103.30. The selling pressure will resume if the current is broken. […]
EURJPY Bearish Momentum Remains Toward 123.00 Level
21 Nov 2020 @ 18:26
EURJPY Price Analysis – November 20 The EURJPY pair is attempting to close beneath the 123.37 price zone as speculative interest stays trapped between coronavirus outbreaks and vaccine hopes. The pairs selling momentum remains toward the 123.00 level. Key Levels Resistance Levels: 127.07, 125.00, 123.37 Support Levels: 122.37, 121.61, 119.31 EURJPY Long term Trend: Ranging […]
Tips For Choosing Your Forex Broker
16 Nov 2020 @ 22:07
You are going to have a lot of choices when looking into a forex broker, and there are many differences between each one. Every broker is going to offer you a different service, with advantages and disadvantages, and not all of them are going to be the right fit. Getting into currency trading is much […]
What to Look for in a Regulated Broker
16 Nov 2020 @ 22:06
When you start thinking about investing in the forex markets one of the first things you must decide on is a broker. The average investor does not have the training, education, experience, or access to start forex trading, and will require professional assistance. There are a lot of options out there for forex brokers, so […]
Regulated Vs Unregulated Brokers: Key Differences
16 Nov 2020 @ 22:04
The forex markets are awash with billions of dollars being traded every hour, and with that amount of money involved, there will be a lot of competition to get your business. If you are in need of a broker to handle your investments, there are going to be so many choices it can make your […]
Low Spread Forex Brokers: Trading Tips and Strategies
16 Nov 2020 @ 22:03
If you are one of the millions of people who are looking to make fast money trading currency on the Forex markets, then you must prepare before jumping in headfirst. You must learn the ins and outs of this fast-paced trading so you can make informed and wise decisions. It will start by finding the […]
EUR/CHF Is in an uptrend, May Reach Level 1.0730
27 Oct 2020 @ 13:28
Key Resistance Levels: 1.0800, 1.0900, 1.1000 Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: Ranging EUR/CHF has been on a downward move since September 25. On October 15 downtrend; a retraced candle body tested 78.6 % Fibonacci retracement level. This indicates that the pair will fall and reach a low of 1.272 and later […]
EURUSD Risks Deeper Decline at 1.1800 Level on Surge in Europe COVID-19 Cases
27 Oct 2020 @ 13:16
EURUSD Price Analysis – October 26 Growing fears of a surge in Europe Covid-19 cases may slowdown economic recovery as new infections trigger stricter measures and prompt investors into safety. EURUSD risks a deeper decline at the 1.1800 level as buyers repeatedly failed to make a sustained break above the daily cloud top around the […]
EURJPY Upside Traction Overpowers Bears, Eyes 124.00 Level
18 Oct 2020 @ 10:37
EURJPY Price Analysis – October 16 EURJPY is accelerating from a low of around 123.00 as upside potential prevails over sellers for another session on Friday. The cross has so far managed to hold above the 123.00 level. Given the uncertainty, it would be a mistake to set an end date for the response to […]
