Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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Trading on the risk sentiment

Trading on the risk sentiment

Information is not investment advice

As a rule, when the price consolidates in a horizontal corridor, it’s possible to trade on the potential break of this range.

CAD/JPY is sensitive to the market sentiment: if risk appetite improves, the pair will rise, while if traders become risk-averse, the pair will fall. The pair has been consolidating between 83.85 and 83.20 for the second week in a row as the market keeps waiting for the news about the US-China trade deal and the Brexit delay. A break of this range will make the pair move by 60 pips or more. Notice that there are more support levels of the downside than resistance levels on the upside, so a break to the upside looks easier for the price.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Levels to trade AUD/JPY

AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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