Tag: EUR
EURCAD Continues Positive Momentum – Forecast for July 29, 2024
Jennifer -
The EURCAD pair has consistently closed above the support level at 1.4965, reflecting ongoing positive momentum. Recent gains have driven the price to 1.5025. With...
EURJPY Faces Resistance and Remains Bearish – Forecast for July 29, 2024
Jennifer -
The EURJPY currency pair experienced a brief period of bullish correction last Friday, briefly testing the 167.50 resistance level before closing below it. This...
How to Trade Forex Smartly?
Jennifer -
Trading forex can be a highly rewarding endeavor, but it requires a strategic approach, deep understanding of the market, and disciplined execution. With trillions...
EURJPY Hits Target – Forecast for July 26, 2024
Jennifer -
The EURJPY pair executed a strong bearish move yesterday, achieving the primary target of 164.75 and establishing it as a robust support level. Following...
EURJPY Suffers Significant Losses – Forecast for July 25, 2024
Jennifer -
The EURJPY currency pair has yielded to prevailing negative pressures, exacerbated by persistent resistance below the 169.60 level. This bearish trend has driven the...
EURJPY Breaks Support – Forecast for July 24, 2024
Jennifer -
The EURJPY currency pair has continued its negative trajectory, breaking below the bullish channel’s support line at 169.90. This move confirms the shift to...
What is the Slot Size in Forex?
Jennifer -
In the world of forex trading, the concept of "slot size" is crucial for both novice and experienced traders. Also referred to as position...
Is CHF Higher Than Euro?
Jennifer -
When comparing currencies, such as the Swiss Franc (CHF) and the Euro (EUR), several factors come into play, including their historical performance, economic stability,...
EURCAD Breaches Resistance – Forecast for Today, July 23, 2024
Jennifer -
The EURCAD price has concluded its recent bullish rally by surpassing the resistance level at 1.4965. This breakthrough confirms a shift to a bullish...
EURJPY Faces Decline – Forecast for Today, July 23, 2024
Jennifer -
The EURJPY currency pair has encountered significant resistance at the 171.60 level, preventing further bullish movement. The pair has since dropped below the 170.65...
What is the Benefit of Spread in Forex?
Jennifer -
In forex trading, the term "spread" refers to the difference between the bid price and the ask price of a currency pair. This seemingly...
How to Understand Spread in Forex?
Jennifer -
In the world of forex trading, understanding the concept of spread is crucial for making informed decisions and optimizing trading strategies. The spread, which...