Fri, May 29, 2020 @ 07:59 GMT

US Crude Inventory and Imports Surprisingly Increased

Crude oil inventory in the US surprisingly increased last week. Meanwhile imports also jumped due to shipment from Saudi Arabia. Supply in the US...

EUR/JPY Daily Outlook

EUR/GBP Daily Outlook

EUR/AUD Daily Outlook

EUR/CHF Daily Outlook

USD/CAD Daily Outlook

AUD/USD Daily Report

Trump To Trigger June Jitters?

Friday response to new Chinese law to have major say on market direction Risk aversion could erase Dollar losses Trump's next move may...

AUD/USD Charges Ahead

AUD/USD is firmly maintaining a Bullish Bias following a Powerful Squeeze initiated in March, as the Australian economy is showing signs of recovery from...

USD/JPY Facing Uphill Task Near 108.50

Key Highlights USD/JPY is facing a crucial resistance near the 108.20 and 108.50 levels. Earlier this month, there was a break above a key...

Gold Intraday: Will Trump Trigger an Upside Breakout for Gold?

Spot gold has shown resilience over the past two trading sessions, recouping most of its losses made on Tuesday, as there are growing signs...

Crude Oil: Consolidation In Place

Pivot (invalidation): 33.75 Our preference Short positions below 33.75 with targets at 32.85 & 32.25 in extension. Alternative scenario Above 33.75 look for further upside with...

Silver Spot: Expect 17.6300

Pivot (invalidation): 17.2100 Our preference Long positions above 17.2100 with targets at 17.5200 & 17.6300 in extension. Alternative scenario Below 17.2100 look for further downside with...

Gold Spot: Bullish Bias Above 1708.00

Pivot (invalidation): 1708.00 Our preference Long positions above 1708.00 with targets at 1728.00 & 1735.00 in extension. Alternative scenario Below 1708.00 look for further downside with...

S&P 500: Key Resistance At 3068.00

Pivot (invalidation): 3068.00 Our preference Short positions below 3068.00 with targets at 3015.00 & 2970.00 in extension. Alternative scenario Above 3068.00 look for further upside with...

DAX: Consolidation In Place

Pivot (invalidation): 11880.00 Our preference Short positions below 11880.00 with targets at 11654.00 & 11570.00 in extension. Alternative scenario Above 11880.00 look for further upside with...

USD/TRY: 6.8340 Expected

Pivot (invalidation): 6.8000 Our preference Long positions above 6.8000 with targets at 6.8230 & 6.8340 in extension. Alternative scenario Below 6.8000 look for further downside with...

AUD/USD: Turning Up

Pivot (invalidation): 0.6615 Our preference Long positions above 0.6615 with targets at 0.6665 & 0.6680 in extension. Alternative scenario Below 0.6615 look for further downside with...

USD/CAD: Bullish Bias Above 1.3740

Pivot (invalidation): 1.3740 Our preference Long positions above 1.3740 with targets at 1.3820 & 1.3845 in extension. Alternative scenario Below 1.3740 look for further downside with...

USD/CHF: Watch 0.9605

Pivot (invalidation): 0.9650 Our preference Short positions below 0.9650 with targets at 0.9625 & 0.9605 in extension. Alternative scenario Above 0.9650 look for further upside with...

USD/JPY: Aim @ 107.20

Pivot (invalidation): 107.55 Our preference Short positions below 107.55 with targets at 107.35 & 107.20 in extension. Alternative scenario Above 107.55 look for further upside with...
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ECB Research: PEPP’in It Up

We expect the ECB to expand the PEPP envelope by EUR500bn into June 2021 at next week's meeting. We do not expect new...

Australia’s Risks With Its Exports to China

In this note we use data from various sources including ABARE; ABS; and RBA. China is Australia's largest trading partner. Last year Australia's exports of goods...

Gold will Regain Momentum after Correction, Supported by Low Yield and US-China Tensions

We expect gold's rally to resume after correction. Although there are signs that the coronavirus pandemic is stabilizing, the recovery path of global economy...

Have Stocks ‘Gotten Over’ the Virus?

There’s been a lot of talk for a powerful V-shaped recovery, but that has only happened in the stock market, which is ignoring the...

01 – Fundamental Analysis Overview

As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very...

01 – Support and Resistance

For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession. I know for me it was. Although you will learn...

00 – Trading Psychology 101

Now that you've studied the basics of technical and fundamental analysis, as well as the importance of proper risk management techniques, it's about time...

00 – Risk Management 101

In forex trading, there are several factors that you can't really control. While you can be able to make predictions based on fundamental analysis...

00 – A Beginner’s Guide to Fundamental Analysis

What is Fundamental Analysis? Fundamental analysis mostly refers to the use of economic data to predict forex price movements. While technical analysis focuses on historical...

00 – A Beginner’s Guide to Technical Analysis

Technical analysis refers to the study of past price action as a guide in forecasting future price movements. This involves looking at candlestick formations,...

01 – How to Start Trading in 4 Easy Steps

1. Register with OctaFX by opening an account Having an account allows you to access your personal area on our website and to trade...

01 – How Does Forex Work?

How Does Forex Work? Forex trading is the simultaneous buying of one currency and selling of another These two currencies make up what is...

The Trader’s Guide to Trading the New Zealand Dollar

The country, economy and the currency. New Zealand could be considered to be the smaller and often overlooked cousin of Australia. But in truth, the...

What Currency Pair is the Most Difficult to Trade?

On Forex, a currency pair is the main trading instrument. Traders usually choose major currency pairs, the so-called majors. But there are other currencies...

What Are the Methods to Predict Forex Changes

To know how to properly analyze the market is equal to making money on it. The whole essence of work in the financial markets...

Practical Tips for Those Who Want to Trade Safe on Forex

We can’t really speak of earning money on FOREX without understanding the risks. Foreign exchange market isn’t a safe battleground for beginners. Huge money...

Trading Safe Haven Assets

Where does money flow in times of financial stress and why? Safe haven assets are financial instruments or commodities that investors turn to in times...

Thinking in Probabilities

Did you know that you do not have to be right each time you interact with the market? Heck, you don't even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than a repetitive chore. However, because of our natural tendency to always want to be correct, we make trading difficult.

Myths of Fear and Greed in FX

For the subject of this week's article, I thought that I would take the time to explore the thought process behind most trading decisions we make during our FX speculating. As you may already know if you have read previous articles written by myself or my colleagues, we all drive home the importance of formulating and then following a detailed and actionable written trade plan, so as to remove any underlying emotions from the decision making process and thus enforce ongoing discipline in our trading activities. The less the trade becomes about us and more about our rules and plan, the more we have steered ourselves towards achieving success in the markets on a consistent basis. The plan tells us what to do, as opposed to us looking at a chart and guessing what we should do.

Mastering Risk Management within Forex Trading: Professional Techniques Simplified

Risk management is a phrase traders love to hate. It's the first thing new Forex traders are taught, and it's the first thing they ignore. No matter how much the pros emphasise risk management, the new trader is too easily distracted by the lure of their charts. There's no stopping the train.

5 Key Trading Affirmations to Help Keep Your Mind Sharp

‘You become what you think about all day long’ ― Ralph Waldo Emerson Our thoughts have an immense effect on what paths we take in...

Build a Thriving Career and Healthy Mindset by Managing Trading Fears

Strive for excellence, build confidence and increase efficiency by conquering your trading fears. To catch all the opportunities in the forex market, you must...

Short Selling – Forex Trading Strategy that Works

Among different strategies for online trading special attention has been given to the idea of Short selling. You definitely heard “go short” phrase from...

Scalping Strategies – What is Scalping?

What is Scalping? Scalping is a trading strategy that relies on making multiple trades over short-term time frames. The trader hopes to capture small profits...

Rising and Falling Wedge Patterns

When talking about reversal patterns in Forex trading, few are more familiar or widely-known than rising and falling wedges. But why so? Well, wedge...

Range Trading Explained

Traders who are just beginning to get a handle on how the markets move, focus on the range pattern; one of the most popular price patterns in technical analysis. In a range, the price bounces from a lower horizontal line (support) and rebounds back down from an upper horizontal line (resistance). This creates a sideways or "trend-less" price movement, which is very appealing even for advanced traders, because when a trader looks at the range in hindsight or on paper, it looks like a very easy way to make money.

Tactical Trading Concepts: Liquidity Pools and Stop Orders

Have you ever been stopped out, only to see price reverse from that very same level? Don’t worry: you’re not alone, and here’s why....