FX.co ★ Forex analysis for newbies. Simple trading tips for beginning traders

Do you want to make money trading on Forex? It is really possible. However, there are a lot of those who have suffered losses. To gain money, traders should learn to understand the market. They should be able to correctly analyze changes on Forex and skillfully interpret its signals. Newbies are recommended to develop their own strategies and views on the financial market. To get all necessary information, traders can make use of the Analytics for Beginners section. Data presented in the section will help them find profitable and effective trading solutions.
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Is USD/JPY Decline Over?

USD/JPY has decreased after reaching a new high. It stands below the minor downtrend line signaling that the bias is still bearish in the short term. Still...
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Analytical expert:

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on April 21

Analysis of transactions in the EUR / USD pair A sell signal appeared in the market yesterday. However, it was only when the euro hit 1.2041 for the second time...
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Analytical expert:

CAD/JPY and the sell signal from 86.70.

In a previous analysis on CAD/JPY we noted that price was inside a bullish channel. A break out of the bullish channel would be a bearish signal with a pull...
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Analytical expert:

Analytics and trading signals for beginners. How to trade GBP/USD on April 21. Analysis of Tuesday trades. Getting ready for Wednesday session.

Analysis of Tuesday trades: GBP/USD on 30M chart On Tuesday, the trajectory of the GBP/USD pair on the 30-minute time frame was quite different from the two previous sessions...
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Analytical expert:

Analytics and trading signals for beginners. How to trade EUR/USD on April 21? Analysis of Tuesday. Getting ready for Wednesday

Analysis of previous deals: 30M chart of the EUR/USD pair The EUR/USD pair tried to continue the upward movement on Tuesday, however, the downward correction did not begin yesterday evening...
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Analytical expert:

April 20, 2021 : EUR/USD daily technical review and trade recommendations.

Further bearish decline extended towards 1.1710 which provided BUYING Pressure while being tested. Hence, an upside pullback was expected to pursue towards 1.1840 & 1.1990. Both levels failed to provide...
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Analytical expert:

Trading recommendations for starters of EUR/USD and GBP/USD on April 20, 2021

Yesterday's economic calendar was almost empty, with the exception of unimportant statistics. Meanwhile, the market showed very high activity. Here's the details of the economic calendar on April 19: Europe...
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Analytical expert:

Gold Aiming At Down Channel

Gold is trading at the 1,769 level at the time of writing. It has declined a little after registering an important growth. Still, the decrease could be a temporary...
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Analytical expert:

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on April 20

Analysis of transactions in the EUR / USD pair The euro broke above 1.1975 yesterday. However, it was risky to open longs around the price because the MACD line, during...
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Analytical expert:

Analytics and trading signals for beginners. How to trade GBP/USD on April 20? Analysis of Monday. Getting ready for Tuesday

Analysis of previous deals: 30M chart of the GBP/USD pair The GBP/USD pair was trading very actively again on the 30-minute timeframe on Monday. Therefore, novice traders themselves could conduct...
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