Blogs

Dollar has no rivals

Forex

People buy the US dollar because other people do the same Some people may have been encouraged to buy the euro after Germany and France had offered a €500-billion fund to help countries suffered from the pandemic. However, the EUR/USD steady rally requires efforts from both sides. Investors need to be confident when the right time to […]

Fundamentals and price/action

Forex

Intraday trading Forex strategies A wise combination of fundamental and technical analyses gives a trader some important advantages. Examining the influence of economic factors on a currency rate helps us identify a trend. Examining charts, we can find entry points and place stop orders and targets appropriately.  What makes the market situation mo

Analysis for oil, gold, and EUR/USD for 20.05.2020

Forex

Oil price growth stopped in the resistance zone [30.04 – 29.67]. A down correction may start USCrude – oil  The oil price has consolidated above Target Zone 3 [26.67 – 25.92]. It means that the next target for middle-term buy trades is Target Zone 4 [34.17 – 33.42]. The uptrend key support is now in […]

Dollar creates obstacles

Forex

EUR/USD bulls are going ahead, but there are no gains without losses The risk of the euro-area breakup was reduced as Germany and France offered a €500-billion European recovery fund to support the EU countries worst affected by the pandemic. This news encouraged EUR/USD bulls. At the same time, the dispute between Democrats and Republicans in the

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