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EURJPY Breaks Support – Forecast for July 24, 2024

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?

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?

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

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

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?

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?

In the world of forex trading, understanding the concept of spread is crucial for making informed decisions and optimizing trading strategies. The spread, which...

Which is the Best Spread in Forex?

The spread in Forex trading is the difference between the bid and ask price of a currency pair. It represents the cost of trading...

Where Does Money Go When You Sell Bitcoin?

Bitcoin, the pioneering cryptocurrency, has revolutionized the financial landscape since its inception in 2009. As more individuals and institutions embrace Bitcoin as a store...

How Do You Maximize Profit in Forex Trading?

Forex trading, also known as foreign exchange trading, offers substantial opportunities for profit in global currency markets. However, achieving consistent profitability requires strategic planning,...

EUR/USD Price Begins Bearish Correction – Forecast for July 19, 2024

The EUR/USD price has confirmed a break below the bullish channel’s support line, closing yesterday under this level. This move indicates a bearish correction...

EURJPY Delays Bullish Momentum – Forecast for July 18, 2024

The EURJPY pair indicated a delay in its bullish momentum as it slipped below the additional support level at 171.60, resulting in some losses...

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