ForexInflux

  • The Advantages of ECN Forex Brokers: Why They’re Worth It

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    In the dynamic world of forex trading, choosing the right broker can make a significant difference in your overall trading experience and profitability. Among the various broker types available, ECN (Electronic Communication Network) brokers have gained popularity, particularly among professional and institutional traders. In this article, we’ll explore the advantages of ECN forex brokers and…

  • Choosing the Right Forex Broker: A Comprehensive Guide

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    In the fast-paced world of forex trading, selecting the right broker can be the difference between success and failure. With countless options available, it’s crucial to conduct thorough research and evaluate various factors to ensure you partner with a reputable and reliable broker that meets your specific needs. This comprehensive guide will walk you through…

  • Euro Extends Slide Against US Dollar

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    The EURUSD currency pair has continued its downward trajectory, falling from 1.0981 to a low of 1.0622 in recent trading sessions. Technical analysis suggests the bearish momentum may not be over yet. Further Declines Likely After a brief period of consolidation, further declines toward the 1.0550 area appear possible for the EURUSD pair. Sellers remain…

  • Mastering Forex Technical Indicators: A Route to Trading Success

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    Forex trading, the global marketplace for exchanging national currencies against one another, is a vast and complex world. With a daily trading volume exceeding $6 trillion, it represents the largest financial market globally. Traders from all corners of the globe participate, making it a truly international endeavor. The essence of Forex trading lies in its…

  • USDCHF Breaks Out of Range, Uptrend Resumes

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    After a period of sideways consolidation within the trading range between 0.8997 and 0.9094, USDCHF has made a decisive bullish move by breaking above the 0.9094 resistance level. The pair has extended its upside from the 0.8729 low, rallying as high as 0.9146 so far. This breakout suggests that the overall uptrend in USDCHF has…

  • USDJPY Breaks Resistance, Uptrend Resumes

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    The USDJPY currency pair has seen a strong bounce higher, rallying all the way up to 153.23 so far. This move took out the 151.96 resistance level, suggesting that the broader uptrend from the 146.47 low on March 8th has resumed after a brief pause. With momentum clearly favoring the bullish side once again, further…

  • EURUSD Breaks Support After Failing at Trendline Resistance

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    The EURUSD currency pair was unable to break through a key falling trendline resistance visible on the 4-hour chart timeframe. After hitting that resistance around the 1.0884 level, the pair has dropped sharply lower, breaking down beneath the 1.0790 support area in the process. This bearish breakdown has now brought the EURUSD towards another important…

  • Mastering MetaTrader: An In-depth Exploration of Its Features

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    In the fast-paced world of online trading, the right tools are not just helpful—they are essential for success. Among the plethora of platforms available to traders, MetaTrader stands out as a leader. With its two versions, MT4 and MT5, it offers a robust and versatile environment for trading in various financial markets. This article delves…

  • GBPUSD Breaks Trend Line Resistance, Bullish Outlook Emerges

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    The GBPUSD currency pair has made an important technical breakthrough by pushing above a falling trendline on the 4-hour chart. This development suggests that the prior downside move from the 1.2893 high may have already completed at the 1.2539 low. With the break of this key resistance, the path has been cleared for further GBPUSD…

  • EURUSD Tests Trend Line Resistance, What’s Next?

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    The EURUSD currency pair recently rallied up to test the resistance of a falling trendline visible on the 4-hour chart timeframe. However, the pair has since pulled back from its high around the 1.0884 level. Traders will be watching to see if the EURUSD can muster enough strength for another push higher to retest that…

  • Is GBPUSD Ready to Resume Its Downtrend?

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    The GBPUSD currency pair is currently facing an important resistance level in the form of a falling trendline on the 4-hour chart time frame. This trendline has been capping rallies in the pair for several weeks now as part of the broader downtrend from the 1.2893 high. The most recent bounce in GBPUSD off the…

  • EURUSD: Navigating the Potential Trend Reversal

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    EURUSD pair has recently captured the attention of traders and analysts alike as it breaks above the 1.0864 resistance level. This development has propelled the pair towards a crucial battleground – the resistance of the falling trend line on the 4-hour chart. Potential Bullish Reversal A decisive breakthrough of the falling trend line resistance could…