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Australian Dollar Extends Gains on Strong Economic Data
The Australian Dollar (AUD) continued its rise for the second consecutive day on Wednesday, driven by stronger-than-expected economic data. Key highlights include: Retail Sales: Australia's Retail Sales increased by 0.6% in May compared to April, significantly higher than the forecasted 0.2% rise an
BEST METHODS OF ANALYSIS FOR FOREX TRADING
Unless you’re using a sophisticated 100% automated trading algorithm, trading in the foreign exchange or forex market generally requires a certain amount of analysis to be successful. Forex trading also often involves using a combination of analysis methods for the most profitable results. The
SC adds four entities to Investor Alert List
The Securities Commission Malaysia (SC) has updated its Investor Alert List. In an alert on Tuesday (July 19), SC said the following persons/entities had been added to the list:• Investment Global Trader Malaysia• Multination May Trade• Pelaburan Saham Online • Potential clone entity — Aberdeen Stan
British Pound is testing resistance level second time
Hello, price was growing along support line and reached resistance level. After that Gbp/Usd bounced and broke support line. Price reached good checkpoint to retest resistance level and last SL. I see that Pound can turn trend again after that and will fall to support zone.
Break 50EMA and 50% Retracement :)
#GBP/JPY# BUY: 1. Price must close above 50 EMA 2. Wait for candle to close with top wick below high of previous candle 3. Mark previous candles top wick and bottom wick, this is the origin candle 4. Wait for price to close a bullish candle that breaks the top wick of the origin candle
GBP/JPY Outlook (30 November 2020)
#GBP/JPY# Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke below the key level of 139. During the post-Brexit trade negotiation over the weekend, European Union chief negotiator Michel Barnier proposed returning 15-18% of the caught fishes by European fleets in British wat
