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GBPJPY Faces Significant Losses – Forecast for July 18, 2024

The GBPJPY pair encountered substantial downward pressure yesterday, initiating bearish movements after breaking below the critical support level at 240.45, resulting in considerable losses...

Copper Price Nears Target – Forecast for July 18, 2024

Copper price has continued its downward trajectory, benefiting from stochastic indicators reaching oversold levels and approaching the key support level at $4.3300. Market analysts anticipate...

Ethereum Price (ETHUSD) Forms Positive Pattern – Forecast for July 18, 2024

Ethereum price (ETHUSD) recently experienced temporary declines, testing the support base at $3360.31. Upon closer examination of the chart, it becomes evident that Ethereum...

Bitcoin Price (BTCUSD) Receives Positive Signal – Forecast for July 18, 2024

The Bitcoin price (BTCUSD) recently faced temporary downward pressure, finding support along the bullish channel's support line visible on the chart. It has since...

What is a Good Spread for Forex?

Forex trading, the buying and selling of currencies in the foreign exchange market, involves various costs, one of the most significant being the spread....

How Does Spread Affect Forex Trading?

In the world of forex trading, understanding the concept of spread is crucial for any trader aiming to navigate the currency markets effectively. The...

Market Reactions to Potential Second Trump Presidency: US Reflationary, Europe Risk-Off

Based on the analysis provided by Evercore ISI analysts regarding the market's reaction to the potential for a second Trump presidency, the implications for...

Which Forex is Best for Day Trading?

Forex (foreign exchange) trading is a dynamic market where traders buy and sell currency pairs with the aim of profiting from short-term price movements....

How Do Brokers Charge Spread in Forex?

In the world of forex trading, understanding how brokers charge spread is crucial for traders aiming to optimize their trading strategies and manage costs...

What is the Strongest Currency in Asia?

Currency strength is a crucial indicator of economic stability and global influence. In Asia, various currencies play significant roles in regional trade, investment attractiveness,...

What is Mini and Micro Lot Size in Forex?

Forex trading, also known as foreign exchange trading, is the global marketplace for buying and selling currencies. One of the essential concepts every forex...

EUR/USD Price Forecast Update – July 12, 2024

The EUR/USD price has resumed its upward trajectory, nearing our anticipated target of $1.0915 and showing potential for further gains to exceed this level,...

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