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Technical analysis accounts for only a smaller part of success in financial markets, while the larger part is determined by human psychology. When you sit in front of a monitor and decide whether to open a position, a silent yet fundamental battle takes place in your mind. The difference between cold calculation and an emotional impulse is often thin, while the ability to recognize your own mental state at this single moment separates consistent investors from those who gradually wipe out their account.
The dollar index bounced back after a two-day decline, spurred by a speech from US President Trump. Despite the recent pullback, the overall technical outlook remains neutral to bullish.
The rebound in EURUSD has extended further. What does the euro price forecast suggest as we enter the first month of the second quarter?
EUR/JPY is poised to continue its downside momentum unless bulls can decisively break through the strong resistance at 185.
Every trade in the financial market takes place between the price at which someone is willing to buy and the price at which someone is willing to sell. These two values are referred to as the bid and the ask, and understanding them correctly is essential for anyone who wants to trade knowledgeably and with better control over entering a position.
The gold price has faced intense selling pressure throughout the month. Although gold rebounded after hitting a fresh multi-month low on Monday, bulls failed to sustain upward momentum.
The British pound has remained strong against various currencies, including the dollar, the yen, and commodity-linked currencies, after the UK inflation data. Technically, although the short-term trend is positive, the detailed analysis indicates that bulls are finding it difficult to sustain the upward momentum.
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