Good morning Traders! No change from our point of view, the pair developed the expected potential rally approaching the first resistance. That said, our idea still remains valid as shown in the previous analysis (see Part.2 below) and we would like to see a spike on the weekly chart (see Part 1 analysis). DAILY ANALYSIS (Part. 2) (click and play on chart...
You can choose between 1500 different assets: all Forex crosses (and their reverse too - see below), but also main commodities and indices. How to select your asset You can also directly type the asset in the search asset field. Note that you must put a slash between the two currencies of the pair. For example: USD/JPY and not USDJPY. How to type your asset
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Since currencies are traded in pairs, it’s impractical and not very useful to draw a pure USD currency chart. Instead we have the option of drawing (or rather having the software plot for us) a chart of the USDJPY pair, or the AUDUSD pair, since it is only possible to quote a currency in terms of another. On the other hand, there are some forex charts that take weighted average of such currency pairs to derive an overall index for a currency. The famous USD index, is a good example.
Guaranteed stop-loss order (GSLOs) work in a similar way to stop-loss orders, with the main difference being that a GSLO has the effect of placing an absolute limit on your potential losses on a particular trade, as it ensures that your trade is closed at the price you specify. For this benefit, there is a premium charge that is payable on execution of your order. This charge is displayed on the order ticket. We refund this premium in full if the GSLO is not triggered.
To illustrate further, let's look at a typical USD/CAD (US dollar against Canadian dollar) trade. To buy or sell a 100,000 of USD/CAD without leverage would require the trader to put up $100,000 in account funds, the full value of the position. But with 50:1 leverage (or 2% margin required), for example, only $2,000 of the trader's funds would be required to open and maintain that $100,000 USD/CAD position.
Live Spreads Widget: Dynamic live spreads are available on Active Trader commission-based accounts. When static spreads are displayed, the figures are time-weighted averages derived from tradable prices at FXCM from July 1, 2019 to September 30, 2019. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.
Good morning Traders! No change from our point of view, the pair developed the expected potential rally approaching the first resistance. That said, our idea still remains valid as shown in the previous analysis (see Part.2 below) and we would like to see a spike on the weekly chart (see Part 1 analysis). DAILY ANALYSIS (Part. 2) (click and play on chart...
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