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Prayoga Marpaung from India writes about Olymp Trade:
At Olymp Trade, I like to open positions from my smartphone. The developers have made a really cool mobile app. It's convenient, clear, and takes into account a lot of nuances.
For example, take the feature Profitability Line. In the Fixed time pla...
Estevao Pape from Portugal writes about Ubrokers:
There is not one single thing positive.
The spreads are huge and can be of 20 pips sometimes. The swap fees the same. It’s very hard to be profitable with these fees.
Also when I tried to use MT4 app for the first time I wasn’t able to open trades ...
Dan Mirkopoulos from Hungary writes about ForexChief:
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Hany Hana from Egypt writes about FXOpen:
Welcome dear traders
My name is Heno
I'd love to share with you my experience with FXOpen
Since about 2004 I have been searching for ways to profit on the Internet and I have been doing this for several years until I realized that all of this wa...

Forex Blog

EUR/GBP Descending Channel Can Switch to Uptrend Swing

Sun, 29 Nov 2020 14:48

Another chart pattern promises a potential disaster to the British pound on the weekly chart. This time, it is EUR/GBP, which has formed a descending channel and can now post an upward breakout, returning to the pre-channel uptrend. The image below shows the channel as two parallel yellow lines. My potential entry...

GBP/JPY Consolidates in Long-Term Symmetrical Triangle

Sun, 29 Nov 2020 14:34

The British pound also seems to be preparing to stage a continuation of a bearish trend against the Japanese yen. The currency pair has been consolidating inside a symmetrical triangle since December 2019 on a weekly chart. And its current long-term downtrend dates back to the beginning of 2018. The current chart formation can be used...

USD/JPY Consolidation on Daily Chart Formed Symmetrical Triangle

Sun, 29 Nov 2020 12:43

The USD/JPY currency pair has formed a symmetrical triangle chart pattern while consolidating on its daily timeframe chart. The actual pattern spans from November 9 and follows a long-lasting downtrend, which had started back in February of this year. As a classic continuation pattern, a symmetrical triangle can lead to more...

Forex News

USD/INR Tops 74.00 As Q3 GDP Contracts, COVID-19 Infections Jump

Fri, 27 Nov 2020 18:41

The Indian rupee is weakening against its US peer at the end of the trading week, driven mostly by the continuing economic contraction and the rising number of coronavirus infections. The rupee has joined the rest of the emerging market currencies by slumping in 2020 amid the financial crisis.

Euro Rallies to 3-Month Highs on Upbeat Euro Area Data Releases

Fri, 27 Nov 2020 18:02

The euro today rallied to new highs last seen on September 1st against the weak dollar boosted by upbeat macro reports from the euro area. The EUR/USD currency pair today rallied higher boosted by the upbeat French GDP report and other positive data from other EU countries.

Did the Bears Clear the 105.09 Level on USD/JPY?

Fri, 27 Nov 2020 4:19

The US dollar versus the Japanese yen currency pair seems to be set for 103.15. Is this really so?

Long-term perspective

After it peaked at 109.85, the price fell under the resistance level of 109.08, extending all the way to 106.07 before crafting the next peak at 108.16, slightly above the 108.05 intermediary level.

Commodity Blog

Commodities Technical Analysis, November 30th — December 4th

Sun, 29 Nov 2020 10:07

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of November 29th,...

Commodities Week in Review: November 23 to November 27

Sat, 28 Nov 2020 4:14

Commodities Week in Review: November 23 to November 27

Agriculture

The agriculture sector enjoyed another week of across-the-board gains, coinciding with a weaker US ...

Soybeans Retest $12 As Analysts Debate if Rally Could Soon End

Fri, 27 Nov 2020 19:07

Soybean futures are retesting the key $12 mark to close out the trading week. But as soybean prices flirt with their best levels in about...

Forex Video Zone

Ascending Triangle — Chart Pattern — Forex Trading

Sun, 29 Nov 2020 14:59

The ascending triangle pattern has a bullish bias when found inside an uptrend. The upper resistance line is horizontal and the lower support line slopes upwards. When market reaches an overbought condition, then price is pushed downwards from the highs. Buyers enter the market with each successive lows and push the price higher. When the breakout occurs to the upside, you need to see a significant change in volume. You can enter...

Hammer — Candlestick Pattern

Sun, 29 Nov 2020 14:29

The hammer is a single candlestick pattern, located at the bottom of a downtrend. For this pattern to form, the open, the high, and the close price are roughly the same. The lower shadow is twice the length of the real body. The pattern is more reliable when the high price and the close price are the same. For example, look at this chart. The market is a downtrend. When the trend slows down, you have the formation of this hammer candlestick. This...

Bear Flag

Sun, 29 Nov 2020 14:25

The bear flag consists of the flag pole and the flag itself. This is a continuation pattern. You need to have an existing downtrend for this pattern to form. The flagpole is made by the steep decline in price. Then the flag is made of support and resistance trendlines and they need to be parallel. The flag pattern consists of higher lows and higher highs. For example, look at this chart. The price makes a steep decline and breaks below the 20-day EMA...