Articles with the tag "HYCM Forex"

On Thursday (July 31), Malaysia Derivatives Exchange (BMD) palm oil futures ended their two-day rally, with the main October contract FCPOc3 closing at 4230 ringgit/ton, down 1.12 per cent in a single day. technical indicators show that...

Qiu's waist volume index, whose full English name is Svolume, is usually referred to as SV index in the application process. Below we will introduce the SV Qiu waist index in the analysis of technical indicators. SV Qiu's Waist Index Hotkey...

  On Tuesday (July 29), the Dollar Index (DXY) rose sharply, breaking through the key resistance level of the 50-day moving average of 98.300, which has now become instant support. This breakout confirms a short-term trend reversal, targeting...

  In the early part of December, I was busy with other affairs and rarely traded, but a limited number of operations resulted in a large proportion of losses. The losses were not due to poor judgment or failure to control risks, but were caused by technical errors in operations. At the end of last month, I...

  Fundamental analysis and technical analysis are two main types of analysis methods commonly used when investing in foreign exchange. Since fundamentals largely affect the long-term movement direction of the exchange rate, it has become an indispensable analytical tool for medium and long-term investors, such as HYCM.

  Daofeng: Hello everyone, I am Daofeng, and it is a pleasure to communicate with you here today. We will mainly talk about the support and resistance positions of currencies such as the Swiss franc, Canadian dollar, and Japanese yen. For foreign exchange trading, support and resistance positions are very important concepts...

  On Wednesday (June 3), the euro was slightly under pressure against the dollar during the European session, and is currently trading around 1.1610. The Danske Bank research team pointed out that due to the stable short-term US and European interest rates, the euro against the dollar was maintained in the temporary balance of long and short forces...

  A moving average is a technical analysis tool commonly used to capture market trends. In the actual operation of HYCM Forex, the N-day moving average is calculated from the mathematical average of the closing prices of the past N days. Every day passes, the closing price of the furthest day is...

  Recently, the exchange rate of the euro against the US dollar has shown a weak trend as a whole, setting a new low for the year. The market rebounded on Monday (January 19), and the European session was reported near 1.1630. When the exchange rate tried to rise to 1.1700, it encountered obvious resistance, indicating that...

  Rebar: This week's rebar production decreased by 167,700 tons compared with last week, inventory decreased by 276,700 tons, apparent demand decreased by 109,600 tons, showing a pattern of double reduction in supply and demand, and the data was neutral. The profitability of steel mills continued to decline, and the output of molten iron was small...

  In early European trading on Wednesday, the dollar rose to a new high of around 159.45 against the Japanese yen (USD/JPY), setting a new one-and-a-half-year high, before retreating slightly. The yen's overall weak performance among major currencies reflected market sentiment towards Japan's political and policy outlook.

  Small non-farm payroll data is usually released once a month, two days before the non-farm payroll data is released (i.e. Wednesday). During daylight saving time, it is generally released at 20:15 pm on the first Wednesday of each month; in winter, it is 21:15. The data for non-farm payrolls...

  On Thursday (August 14), the July producer price index (PPI) data released by the United States far exceeded market expectations, which brought new challenges to the recent market expectations that the Federal Reserve may cut interest rates. Affected by this, the dollar index successfully recovered...

  A gap is a clearly discontinuous price range between the closing and opening prices of two adjacent trading sessions. This price gap usually occurs during market breaks, such as at night or on weekends. A typical example is when a company suddenly...