- 29 Sep 2022
- Fxdatapanel
Who Controls the Forex Market?
You may wonder who controls the Forex market. The answer to this question depends on your view of the financial market. You can consider the role of governments, Hedge funds, Central banks, and large trading firms. They are the biggest player in the Forex market and they have a financial incentive...
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- 29 Sep 2022
- Fxdatapanel
AUD/USD Daily Outlook and Short-term Trading Idea
AUD/USD is recovering from yesterday’s low of 0.6326 and is currently trading at 0.6495. The intraday support levels are at 0.6412 and 0.6304. The near-term resistance areas are at 0.6580 and 0.6640. The intraday price pattern suggests a bullish momentum after yesterday’s positive closing. The 4-hourly price pattern is equally indicating...
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- 29 Sep 2022
- Fxdatapanel
EUR/USD Daily Analysis and Trade Signal
EUR/USD is finally gaining upwards momentum and is currently trading at 0.9724. The intraday support levels are at 0.9597 and 0.9459. The near-term resistance areas are at 0.9812 and 0.9889. The previous two intraday closings indicate a further bullish momentum with the possibility of significant gains in the coming days.
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- 28 Sep 2022
- Fxdatapanel
Guide to FXDatapanel Grid trade signals
On the FXDatapanel platform, you can generate three types of trade signals. They are called grid signals, straight signals, and long-term signals. In this guide, we will discuss the grid signals.
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- 28 Sep 2022
- Fxdatapanel
GBP/USD Daily Outlook and Trade Signal (Daily)
GBP/USD managed a small recovery on the first day of this week, forming a long-legged Doji at the bottom. Today, the GBPUSD pair is range bound with intraday support levels at 1.0642 and 1.0554. The near-term resistance areas are at 1.0827 and 1.0924. Currently, most of the technical indicators indicate an...
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- 28 Sep 2022
- Fxdatapanel
USD/CAD Daily Outlook and Trade Signal (Daily)
The USDCAD pair is currently trading on a multiyear high, which is also a strong resistance area. The intraday support levels are at 1.3649 and 1.3576. The near-term resistance areas are at 1.3786 and 1.3850. Currently, the majority of the technical indicators are presenting an oversold condition.
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- 27 Sep 2022
- Fxdatapanel
The Best Times to Trade Forex
The best times to trade Forex depend on your trading style and preferences. Swing and day traders benefit the most from high liquidity and price volatility. Your trading style influences the time of day to trade Forex. However, it is best to trade during the hours when markets are most liquid....
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- 21 Sep 2022
- Fxdatapanel
Dow Jones Mini Forecast (Daily) and Trade Signal
Dow Jones (DJI) seems to be finding support around the current price level. A couple of Dojis have formed at the bottom and yesterday’s closing also suggests a recovery period. The Dow Jones Mini, intraday support levels are at 30426 and 30107. The near-term resistance areas are at 31503 and 31822....
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- 21 Sep 2022
- Fxdatapanel
USD/JPY Forecast (Daily) and Trade Signal
USDJPY upwards momentum has slowed down during the week. This week’s intraday closings have formed bearish price patterns that may help bears drag the price lower from the recent peak. The intraday support levels are at 143.13 and 142.53. The near-term resistance levels are 144.12 and 144.51.
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- 20 Sep 2022
- Fxdatapanel
EURUSD Forecast (Daily) and Trade Signal
EURUSD upwards momentum is slowly building up as the pair continues trading above the 1.000 mark. The EURUSD pair seems to have developed strong support around 0.9910. Intraday support levels are at 0.9984 and 0.9943 and intraday resistance levels are at 1.0047 and 10069. At the time of writing these lines,...
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- 20 Sep 2022
- Fxdatapanel
GBPUSD Forecast and Trade Signal 20-SEP-2022
GBPUSD seems to be recovering from its multi-year low of 1.1350 and is currently trading at 1.1446. The intraday support levels are at 1.1377 and 1.1323. The near-term resistance areas are at 1.1464 and 1.1497. At the moment, bulls need to breach above the 1.1464 resistance area to move any further...
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