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The EUR/USD pair looks primed to continue the sideways action that we have seen for some time. Although the pair did in fact break down below the 1.30 level, the support that the market currently seems to be adhering to extends as low as 1.2950 or so. Because of this, the fact that the Friday session closed above that area, it is hard to get overly bearish on this pair at the moment. Read More >
The EUR/JPY pair fell during the session on Monday, but as you can see bounced quite a bit by the end of the day in order to form a hammer. This hammer of course is focused on the 132 handle, and as a result looks like we are ready to continue going higher. With that in mind, a break of the highest from the Monday session is indeed a buy signal, and one that I fully intend on taking. Read More >
MetaQuotes Software Corp. is now providing trading signals for the MT4 and MT5 trading platforms for users. Get all the information you need for this new signal service here and start trading right away! Read More >
You already know all about the MT4 trading platform, one of the most popular platforms out there, but now it is time to learn about the MT5 platform, part of the MetaQuotes company here. Read More >
A lot of traders understand that price action trading is the art of looking at raw chart of a Forex pair, stock or instrument and using only the raw price data to decipher order flow from which they can spot high probability patterns that repeat themselves time again in the markets. Read More >