The Pound Sterling (GBP) could edge higher but is unlikely to reach the major resistance at 1.3400. In the longer run, there has only been a slight increase in momentum, and it remains to be seen if GBP can break above 1.3400, UOB Group FX analysts Quek Ser Leang and Peter Chia note. To remain bullish above 1.3250

The Pound Sterling (GBP) could edge higher but is unlikely to reach the major resistance at 1.3400. In the longer run, there has only been a slight increase in momentum, and it remains to be seen if GBP can break above 1.3400, UOB Group FX analysts Quek Ser Leang and Peter Chia note. To remain bullish above 1.3250

There is room for the Euro (EUR) to test the 1.1080 level; the next support at 1.1050 is unlikely to come under threat. In the longer run, EUR is likely to edge lower, but any decline is expected to face strong support at 1.1050, UOB Group FX analysts Quek Ser Leang and Peter Chia note.

There is room for the Euro (EUR) to test the 1.1080 level; the next support at 1.1050 is unlikely to come under threat. In the longer run, EUR is likely to edge lower, but any decline is expected to face strong support at 1.1050, UOB Group FX analysts Quek Ser Leang and Peter Chia note.

The USD/CAD pair could potentially resume its upward movement as a falling wedge pattern suggests a bullish reversal signal. A break below the psychological 1.3500 level could lead the pair to test the lower boundary of the falling wedge. The immediate barrier appears at the nine-day EMA at 1.3557 level, aligned with the upper boundary of the falling wedge.

The USD/CAD pair could potentially resume its upward movement as a falling wedge pattern suggests a bullish reversal signal. A break below the psychological 1.3500 level could lead the pair to test the lower boundary of the falling wedge. The immediate barrier appears at the nine-day EMA at 1.3557 level, aligned with the upper boundary of the falling wedge.

No Overnight Risks Positions are closed daily, avoiding price gaps caused by overnight news. 2. Frequent Opportunities High market activity during trading sessions provides multiple setups. 3. Tighter Risk Control Short holding periods allow for precise stop-loss placement. 4. Immediate Results Traders receive daily feedback on their strategies.

No Overnight Risks Positions are closed daily, avoiding price gaps caused by overnight news. 2. Frequent Opportunities High market activity during trading sessions provides multiple setups. 3. Tighter Risk Control Short holding periods allow for precise stop-loss placement. 4. Immediate Results Traders receive daily feedback on their strategies.

Day trading involves capitalizing on intraday price movements. Positions are typically held for minutes to hours but are closed before the market ends for the day. Key Characteristics: Trades last from a few minutes to a few hours. Focuses on high-liquidity pairs. Avoids overnight exposure to reduce risks.

Day trading involves capitalizing on intraday price movements. Positions are typically held for minutes to hours but are closed before the market ends for the day. Key Characteristics: Trades last from a few minutes to a few hours. Focuses on high-liquidity pairs. Avoids overnight exposure to reduce risks.

EUR/USD Price Forecast: Needs to find acceptance above 1.1165-70 for bulls to regain control The EUR/USD pair edges higher on Tuesday and for now, seems to have stalled the previous day's downfall that followed the disappointing data, which showed that the Eurozone business activity contracted more than expected in... Read More👈

EUR/USD Price Forecast: Needs to find acceptance above 1.1165-70 for bulls to regain control The EUR/USD pair edges higher on Tuesday and for now, seems to have stalled the previous day's downfall that followed the disappointing data, which showed that the Eurozone business activity contracted more than expected in... Read More👈

Day trading is a short-term strategy where traders open and close positions within a single trading day, avoiding overnight risks. It’s ideal for those who prefer quick results and can dedicate time to actively monitor the markets.

Day trading is a short-term strategy where traders open and close positions within a single trading day, avoiding overnight risks. It’s ideal for those who prefer quick results and can dedicate time to actively monitor the markets.

r WhatsApp Channel today! Close alert Mexican Peso edges higher after Mexican inflation data NEWS | 09/24/2024 13:16:10 GMT | By Joaquin Monfort The Mexican Peso trades steadily after the release of Mexican inflation data. Banxico will hold its meeting on Thursday; a 25 bps rate cut is expected. USD/MXN claws higher from the base of a rising channel, supported by firm momentum.

r WhatsApp Channel today! Close alert Mexican Peso edges higher after Mexican inflation data NEWS | 09/24/2024 13:16:10 GMT | By Joaquin Monfort The Mexican Peso trades steadily after the release of Mexican inflation data. Banxico will hold its meeting on Thursday; a 25 bps rate cut is expected. USD/MXN claws higher from the base of a rising channel, supported by firm momentum.

1. Monday: Analyze the weekly outlook and identify potential setups. 2. Tuesday to Thursday: Enter trades as setups materialize and manage open positions. 3. Friday: Close trades before the weekend to avoid gap risks.

1. Monday: Analyze the weekly outlook and identify potential setups. 2. Tuesday to Thursday: Enter trades as setups materialize and manage open positions. 3. Friday: Close trades before the weekend to avoid gap risks.

r WhatsApp Channel today! Close alert EUR/USD surges to near 1.1150 as Fed large rate cut bets for November swell NEWS | 09/24/2024 14:32:39 GMT | By Sagar Dua EUR/USD rises from 1.1100 as investors digest downbeat flash Eurozone PMI data for September. Market participants expect the Fed to cut interest rates further by 50 bps in November. Investors shift their focus to the US PCE inflation data for August.

r WhatsApp Channel today! Close alert EUR/USD surges to near 1.1150 as Fed large rate cut bets for November swell NEWS | 09/24/2024 14:32:39 GMT | By Sagar Dua EUR/USD rises from 1.1100 as investors digest downbeat flash Eurozone PMI data for September. Market participants expect the Fed to cut interest rates further by 50 bps in November. Investors shift their focus to the US PCE inflation data for August.

1. Patience is Key Allow trades to play out without micromanaging. 2. Stick to Your Plan Avoid impulsive decisions based on short-term price movements. 3. Control Emotions Stay objective and avoid revenge trading after losses. 4. Evaluate Performance Keep a trading journal to refine your strategy and improve discipline.

1. Patience is Key Allow trades to play out without micromanaging. 2. Stick to Your Plan Avoid impulsive decisions based on short-term price movements. 3. Control Emotions Stay objective and avoid revenge trading after losses. 4. Evaluate Performance Keep a trading journal to refine your strategy and improve discipline.

Due to the downside momentum and reversal last week, I see potential for the further downside movement...

Due to the downside momentum and reversal last week, I see potential for the further downside movement...

1. Set Appropriate Stop-Loss Levels Place stops below support for long trades and above resistance for short trades. 2. Use a Favorable Risk-to-Reward Ratio Aim for at least 1:2 to ensure profitability over the long term. 3. Limit Trade Sizes Risk only 1-2% of your account per trade. 4. Monitor Open Positions Regularly adjust stops to lock in profits as the trade progresses.

1. Set Appropriate Stop-Loss Levels Place stops below support for long trades and above resistance for short trades. 2. Use a Favorable Risk-to-Reward Ratio Aim for at least 1:2 to ensure profitability over the long term. 3. Limit Trade Sizes Risk only 1-2% of your account per trade. 4. Monitor Open Positions Regularly adjust stops to lock in profits as the trade progresses.

1. Trend Following Enter trades in the direction of the prevailing trend after pullbacks. 2. Countertrend Trading Identify overextended trends and trade potential reversals. 3. Breakout Trading Capture price movements after breaking key support/resistance levels. 4. Range Trading Trade between well-defined support and resistance levels in a sideways market.

1. Trend Following Enter trades in the direction of the prevailing trend after pullbacks. 2. Countertrend Trading Identify overextended trends and trade potential reversals. 3. Breakout Trading Capture price movements after breaking key support/resistance levels. 4. Range Trading Trade between well-defined support and resistance levels in a sideways market.

EURGBP resumes downtrend, falls rapidly to 2½-year low. Oversold signals detected, price trades at the bottom of a channel.

EURGBP resumes downtrend, falls rapidly to 2½-year low. Oversold signals detected, price trades at the bottom of a channel.

1. Moving Averages Identify trends and dynamic support/resistance levels. 2. Fibonacci Retracement Spot potential pullback levels in trending markets. 3. RSI (Relative Strength Index) Detect overbought or oversold conditions for entry/exit points. 4. MACD (Moving Average Convergence Divergence) Signal momentum shifts and potential trade setups.

1. Moving Averages Identify trends and dynamic support/resistance levels. 2. Fibonacci Retracement Spot potential pullback levels in trending markets. 3. RSI (Relative Strength Index) Detect overbought or oversold conditions for entry/exit points. 4. MACD (Moving Average Convergence Divergence) Signal momentum shifts and potential trade setups.

Τhe single European currency marginally loses some ground in early trading hours on Tuesday with 1,11 level again under challenge. Yesterday's eurozone manufacturing and services sectors data disappointed weighing on sentiment for the euro as concern over the European economy remains high on the agenda.

Τhe single European currency marginally loses some ground in early trading hours on Tuesday with 1,11 level again under challenge. Yesterday's eurozone manufacturing and services sectors data disappointed weighing on sentiment for the euro as concern over the European economy remains high on the agenda.

1. Trending Markets Capture pullbacks and continuations in uptrends or downtrends. 2. Range-Bound Markets Identify and trade reversals near support and resistance levels. 3. Moderate Volatility Avoid excessively volatile markets, as they can disrupt setups.

1. Trending Markets Capture pullbacks and continuations in uptrends or downtrends. 2. Range-Bound Markets Identify and trade reversals near support and resistance levels. 3. Moderate Volatility Avoid excessively volatile markets, as they can disrupt setups.

1. Overnight Risks Exposed to news events or gaps during non-trading hours. 2. Patience Required Waiting for trades to develop can be challenging. 3. Larger Stop-Loss Levels Swing trades often require wider stop-losses, increasing capital at risk.

1. Overnight Risks Exposed to news events or gaps during non-trading hours. 2. Patience Required Waiting for trades to develop can be challenging. 3. Larger Stop-Loss Levels Swing trades often require wider stop-losses, increasing capital at risk.

I'm very encouraged that the path of inflation is downwards therefore I do think the path for interest rates will be downwards, gradually,” Bank of England (BoE) Governor Andrew Bailey said on Tuesday. Bailey added: “My best guess will be interest rates settle at a 'neutral rate'.”

I'm very encouraged that the path of inflation is downwards therefore I do think the path for interest rates will be downwards, gradually,” Bank of England (BoE) Governor Andrew Bailey said on Tuesday. Bailey added: “My best guess will be interest rates settle at a 'neutral rate'.”