Blog – Page 4 – The Plot

December 24
2019

2 Steps Towards A Life of a Millennial Millionaire

Are you a young person who is constantly struggling with your personal finances? Do you find yourself making a good income and yet never seem to have enough money to pay your bills and save a bit for a better future? Do you wonder what the steps are to get to financial freedom at a […]

July 8
2018

Forex Brokers Update â July 8th, 2018

There were just a few updates worth mentioning this week: IQ Option added lots of new currency pairs and CFDs. Bitcoin trading with 1:100 leverage has been added for traders who operate via IQ Option’s unregulated legal entity. easyMarkets launched trading in ETH/USD and XRP/USD cryptocurrency pairs. ThinkMarkets updated the variable spreads in Pro and VIP account types. iFOREX rebranded its European part of brokerage […]

July 8
2018

EUR/AUD Consolidated in Symmetrical Triangle Following Uptrend

If you look at the four-hour chart of EUR/AUD, you can notice that the currency pair had spent roughly a month in an uptrend. The growth stalled near the end of June and has formed a rather smooth symmetrical triangle pattern since then. Such a classic continuation setup allows us to attempt catching a bullish breakout from the triangle. The symmetrical triangle is marked with yellow borders. You can see a potential entry […]

July 8
2018

Bullish Pennant on Daily Chart of CAD/JPY

After a strong rally during June 28–29 trading session, CAD/JPY entered a minor consolidation. The formed pattern looks like a bullish pennant albeint an imperfect one (there is a slight upward slope). A bullish breakout would mean a continuation of the previous rally. The yellow lines mark the pole and the borders of the pennant. The cyan line will serve as my entry level. It is placed at 10% of the pole’s length above the upper border. I will […]

July 7
2018

Weekly Forex Technical Analysis (Jul 9 — Jul 13)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1457 1.1524 1.1634 1.1701 1.1811 1.1878 1.1987 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1535 1.1655 1.1712 1.1832 1.1888 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 6
2018

EUR/USD Rallies on Soft NFP

EUR/USD rallied today, finding help from the disappointing US nonfarm payrolls. While employment rose more than was expected, other indicators failed to meet expectations. The currency pair rallied even as new US tariffs of Chinese goods kicked in, meaning that the trade war between the United States and China has officially started. Nonfarm payrolls surprised positively in terms of employment growth, showing an increase by 213k in June, […]

July 5
2018

EUR/USD Gets Boost from Underwhelming US Employment

EUR/USD rallied today, getting boost from worse-than-expected US employment data. Meanwhile, data in the eurozone was good. ADP employment rose by just 177k in June, missing the analysts’ average estimate of 190k. On a positive note, the May increase got a positive revision from 178k to 189k. (Event A on the chart.) Initial jobless claims rose unexpectedly from 228k to 231k last week, seasonally adjusted, instead of falling to 225k as analysts had […]

July 4
2018

Being the Most Powerful AI Robot for the Forex Market, RoFx Beats Its Competitors

The following post is a paid advertisement. The content was provided by the advertiser. As stated by Wikipedia, RoFx is an electronic automated trading Forex robot acting as an online software agent for the Forex market. Started in 2009 in London, UK, RoFx company has been in good progress ever since. With more than 8 years of experience, RoFx robot provides its users who have neither knowledge nor experience in trading with […]

July 2
2018

EUR/USD Continues to Feel Pressure from Trade War Fears

EUR/USD fell today as markets continued to feel pressure from fears of a trade war between the United States and their trading partners. Although all the markets took the hit, European assets were particularly vulnerable after US President Donald Trump shifted focus of his criticism from China to the European Union. Today’s US macroeconomic data was confusing as one report showed a slowdown of manufacturing growth, while other showed […]

July 2
2018

How Does Your Ultimate Forex Success Goal Looks Like?

If we look at how Forex success is depicted in commercials we see online, on TV, in magazines, and so on, we would get a picture of a filthy-rich person living in a posh house with an assortment of sports cars, and other screaming attributes of extraordinary wealth. And that person also has to spend just one or two hours per day trading Forex to multiply the riches. This image may not be a true […]