Month: February 2023

On the daily chart below, we can see that the range between the 33538 support and the 34477 resistance got finally broken and led to a selloff to the 32684 key support level. The current bias is bearish as economic data in February beat expectations and led the market to price in a higher terminal
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This video explains how to backtest your trading strategy step by step so that you get the best possible results from your backtest. Most people make the mistake of backtesting the wrong time of day. testing your strategy at various hours of the day instead of only backtesting when you are actively trading. Backtesting allows
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Commodity currencies are experiencing selling pressure in Asian trading due to mild risk off sentiment. New Zealand Dollar is under added pressure following poor retail sales data. US Dollar and Japanese Yen are currently among the stronger currencies, with the latter showing little reaction to the dovish remarks made by the incoming BoJ Governor. Meanwhile,
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What exactly is meant by the term “technical analysis,” and how exactly does it have an impact on Meta Stock? Let’s begin by defining “technical analysis” and discussing how it relates to this discussion before moving on to particular methods for assessing and trading Meta sock. Technical analysis is the process of forecasting future price
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Via Reuters, citing a refiner (CEO of PKN Orlen), news that Russia has halted supplies of oil to Poland via the Druzhba pipeline. This pipeline has been exempted from European Union sanctions imposed on Russia following its invasion of Ukraine. The reported shutting off of supply via the line came one day after Poland delivered
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Wheat sowing commenced before last year and fared well in the initial days. However, by the end sowing remained marginally higher by 0.41% from the previous year, wheat sowing was done on 34.32 Mn Ha as compared to 34.18 Mn Ha a year ago. Farmers preferred to increase wheat acreages as the wheat prices remained
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