Frustration may be an occupational hazard for forex traders, as losses and even huge drawdowns can happen every now and then. This can result to self-doubt and a lack of confidence in…
Month: February 2025
Chart Art: GBP/USD’s Potential Trend Support Levels
After turning lower from its 2025 highs, GBP/USD is fast approaching potential support zones. Will the pair see enough demand at the levels to extend its current uptrend? Let’s check out the…
Daily Broad Market Recap – February 27, 2025
The major assets had a wild ride as Trump’s surprise tariff moves rattled investor confidence, pushing stocks lower and fueling a dollar rally, while oil prices bucked the trend with gains on…
Chart Art: S&P 500 Index (SP500) to Find Support at 6,000?
The S&P 500 took a breather after making fresh record highs earlier this month. But the U.S. stock index is now trading near a support zone, which could allow the bulls to…
Chart Art: USD/CHF’s Trend Opportunity Near .9000
Weak U.S. data and easing tensions in Europe recently fueled USD/CHF’s February downswing. Thinking of jumping in? We’re looking at the .9000 major psychological handle as a potential area of interest! USD/CHF…
Daily Broad Market Recap – February 26, 2025
It was another light day in terms of top-tier economic releases, but that didn’t stop major asset classes and currencies from chalking up big moves. Bitcoin carried on with its slump while…
How Important is the 10,000-Hour Rule in Forex Trading?
Anything worth having doesn’t come easy, and that includes success in forex trading. But how long and how intense should our efforts be before we can rightfully expect reasonable trading results? A…
Daily Broad Market Recap – February 25, 2025
Data flow was relatively light in the latest trading sessions, leaving the market spotlight mainly on geopolitical headlines, as well as mid-tier U.S. reports. In particular, the CB consumer confidence index took…
AUD Slides After Inflation Report but Recovers as Rate Cut Hopes Hold
Australia’s inflation rate held steady at 2.5% for the year ending January 2025, matching December’s reading and coming in just below what economists expected. The trimmed mean measure of core inflation ticked…
Chart Art: Bitcoin (BTC/USD) Going for a Major Reversal?
Is that a double top I’m seeing on the daily time frame of bitcoin? Or is BTC/USD still about to bounce off support and keeping moving sideways in its long-term range? Better…