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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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May 7, 2021 : EUR/USD daily technical review and trade recommendations.

Now, the price zone of 1.1990 stands as a prominent SUPPORT-Zone for the EURUSD pair. More upside movement is expected to pursue towards 1.2175 (backside of the broken trendline) where...
iconRelevance until2021-05-08
Analytical expert:
2021-05-07T18:35:44

USDJPY confirms our bearish short-term view.

In previous posts we warned traders in USDJPY of the increased chances of a reversal from 109.60. In our latest analysis we mentioned the horizontal support at 109.10 that...
iconRelevance until2021-05-08
Analytical expert:
2021-05-07T14:57:50

AUD/USD Upside Continuation Expected!

AUD/USD increases again after retesting the black uptrend line. The decline was expected after failing to stabilize above the 0.7798 level. The outlook is bullish, AUD/USD could increase further...
iconRelevance until2021-05-08
Analytical expert:
2021-05-07T09:13:27

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on May 7

Strong EU reports set off a rally in the market yesterday, thereby forming a buy signal in the euro. Meanwhile, several signals appeared for the pound, but only...
iconRelevance until2021-05-08
Analytical expert:
2021-05-07T08:47:21

Analytics and trading signals for beginners. How to trade EUR/USD on May 7? Analysis of Thursday. Getting ready for Friday

Analysis of previous deals: 30M chart of the EUR/USD pair The EUR/USD pair traded much better on Thursday than it did on Wednesday or Tuesday. The most important thing...
iconRelevance until2021-05-07
Analytical expert:
2021-05-06T17:15:29

May 6, 2021 : EUR/USD daily technical review and trade recommendations.

Now, the price zone of 1.1990 stands as a prominent SUPPORT-Zone for the EURUSD pair. More upside movement was expected to pursue towards 1.2110 (backside of the broken trendline) where...
iconRelevance until2021-05-07
Analytical expert:
2021-05-06T15:58:44

USDJPY still expected to move lower

As we mentioned in previous analysis, USDJPY is expected to make a reversal from the 109.60 area. Today we take a look at smaller time frames in order to identify...
iconRelevance until2021-05-07
Analytical expert:
2021-05-06T15:38:38

USD/JPY Further Growth Expected!

USD/JPY moves sideways at the time of writing. The price tries to accumulate more upside energy before resuming its upwards movement. The outlook is bullish as long as the price...
iconRelevance until2021-05-07
Analytical expert:
2021-05-06T09:40:31

Analysis and trading recommendations for the EUR / USD and GBP / USD pairs on May 6

Analysis of transactions in the EUR / USD pair Although the strong PMI reports broke the bearish trend in the euro, sell signals still appeared in the market yesterday. However...
iconRelevance until2021-05-07
Analytical expert:
2021-05-06T09:29:47

The Dollar index shows signs of bottoming.

The Dollar index has so far held above the support trend line and this is a promising sign. Price continues making higher highs and higher lows despite the deep pull...
iconRelevance until2021-05-06
Analytical expert:
2021-05-05T20:49:23