- Markets
- News
- Analysis
- Trading Tools
- Blog
- Education
- About us
Popular Articles
Will the Federal Reserve cut interest rates by 25 basis points? Will Oracle and Broadcom's earnings reports boost their stock prices? [Weekly Preview]
1765191156
NZD/USD: Likely to test 0.5800 before pulling back – UOB Group
1765191099
Binance receives full licenses from Abu Dhabi’s FSRA to operate its businesses
1765191048
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Popular Analysis
Popular Analysis
Popular Analysis
Popular Analysis
Popular Analysis
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Beginners
Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
How to Choose an Online Trading Platform
Selecting a trading platform is one of the most critical decisions for any trader. But how do you ensure you're choosing one that's regulated, cost-effective, and easy to use? Understanding the key criteria can set you up for success.
What is Leverage in Financial Trading?
Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
2021
Best News & Analysis Provider
FxDailyInfo
2022
Best Forex Educational Resources Global
International Business Magazine
AUD/JPY Intraday: as long as 102.37 is support look for 104.73
AUD/JPY (AUD/JPY)
+0.211+0.20%
as long as 102.37 is support look for 104.73.
Our pivot point is at 102.37.
Our preference: as long as 102.37 is support look for 104.73.
Alternative scenario: the downside breakout of 102.37 would call for 101.49 and 100.97.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 103.04 and 102.73).
Supports and resistances:
105.77 **
105.25 *
104.73 **
104.20
103.09 last
102.71
102.37 **
101.49 *
100.97 **
Our preference: as long as 102.37 is support look for 104.73.
Alternative scenario: the downside breakout of 102.37 would call for 101.49 and 100.97.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 103.04 and 102.73).
Supports and resistances:
105.77 **
105.25 *
104.73 **
104.20
103.09 last
102.71
102.37 **
101.49 *
100.97 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
