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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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Bullish wedge pattern about to break in USDCAD

USDCAD remains in a bearish trend making lower lows and lower highs. However we need to warn bears that all this could soon end and we might see a strong...
iconRelevance until2021-01-18
Analytical expert:
2021-01-15T16:37:47

January 15, 2021 : EUR/USD daily technical review and trade recommendations.

Bearish closure below the mentioned price zone of 1.2250 - 1.2200 enabled a quick bearish decline towards 1.2170 then 1.2150 which correspond to a previous congestion zone as well...
iconRelevance until2021-01-16
Analytical expert:
2021-01-15T14:56:28

EUR/JPY Decline Confirmed!

EUR/JPY is trading at 125.84 and it could drop deeper after escaping from the up channels bodies. Failing to approach and retest the major channel's upside line indicated that...
iconRelevance until2021-01-16
Analytical expert:
2021-01-15T10:38:48

Trading recommendations for starters on GBP/USD and EUR/USD for January 15, 2021

The US dollar continued to strengthen against its competitors yesterday. Perhaps, the impulse for action is the minutes of the European Central Bank's December meeting, where members of the governing...
iconRelevance until2021-01-16
Analytical expert:
2021-01-15T09:11:27

Elliott wave analysis of The Nifty 50 Index for January 15, 2021

The Indian Nifty 50 could have peaked at 14,653 which a break below 14,040 strongly will suggest, while a break below 13,131 is needed to confirm that a important...
iconRelevance until2021-02-12
Analytical expert:
2021-01-15T06:59:04

Analytics and trading signals for beginners. How to trade GBP/USD on January 15. Analysis of Thursday's trade. Getting ready for trade on Friday

1-hour chart of GBP/USD On Thursday, January 14, GBP/USD made three attempts to resume the uptrend after a correction to 1.3618. As a result, GBP/USD rebounded three times off this...
iconRelevance until2021-01-15
Analytical expert:
2021-01-14T20:28:32

Analytics and trading signals for beginners. How to trade EUR/USD on January 15. Analysis of Thursday's trade. Getting ready for trade on Friday.

1-hour chart of EUR/USD On Thursday, EUR/USD has reversed downwards a few times, trying to develop a steady bearish trend. Nevertheless, the MACD indicator failed to ebb away to zero...
iconRelevance until2021-01-15
Analytical expert:
2021-01-14T18:56:06

Bounce target in USDCHF lowered to 0.8960.

USDCHF is bouncing from 0.88 to 0.8950-0.8960 area. Price target for this bounce has been lowered as the more time it takes to move higher, the lower the trend line...
iconRelevance until2021-01-15
Analytical expert:
2021-01-14T16:24:03

January 14, 2021 : EUR/USD daily technical review and trade recommendations.

Bearish closure below the mentioned price zone of 1.2250 - 1.2200 enabled a quick bearish decline towards 1.2170 then 1.2150 which correspond to a previous congestion zone as well...
iconRelevance until2021-01-15
Analytical expert:
2021-01-14T16:22:19

January 14, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

The pair has failed to maintain bearish decline below 1.3200 in the previous attempt. Instead, bullish persistence above 1.3400 invalidated the bearish scenario for the short-term. Another temporary bullish movement...
iconRelevance until2021-01-15
Analytical expert:
2021-01-14T16:22:13