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How to Trade USD/CAD: 24th July Trading the USD/CAD currency pair, often referred to as “the Loonie,” can be both exciting and challenging, particularly in the current economic climate. The nickname “Loonie” comes from the image of a common loon, a bird native to Canada, which is featured on the Canadian one-dollar coin. Bank of […]

Harmonic trading patterns are technical analysis patterns that use specific Fibonacci retracement and extension levels to identify potential reversal points. These patterns provide entry/exit into trading opportunities by identifying geometric price structures. It helps traders with better market timing and improves trade entry/exit accuracy based on fixed levels. Let’s discuss everything about harmonic patterns and […]

Reading crypto charts involves analyzing price movements, patterns, and indicators to understand market trends. Traders interpret chart data to identify entry and exit points, support and resistance levels, and potential price reversals.  Understanding crypto charts is essential for traders to assess market sentiment, predict future price movements, and manage risk effectively. By reading charts, traders […]

Triangle patterns signal potential continuations or reversals of existing trends. Triangles often precede a continuation of the prevailing trend. Recognizing these formations allows traders to anticipate the potential direction of the breakout (upward or downward) and capitalize on the trend’s continuation. Let’s discuss the different types of triangles and how to use them to trade […]

As we dive into the week of July 22nd, the forex market is buzzing with anticipation. Key economic indicators and central bank decisions are on the horizon, offering potential trading opportunities. Here’s a snapshot of what to watch for in the forex market this week. Manufacturing and Services PMIs: Europe, UK, and US This week, […]

Bitcoin (BTC) prices are influenced by various factors, including supply and demand, technological developments, and more. Additionally, market sentiment and the actions of major investors can lead to significant price volatility as they can trigger rapid long or short sprees. Let us delve into the different factors that help traders determine the price of bitcoins.  […]