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Trader's BASICS: What is a Currency Pair? in 4 minutes

Nihad Updated 29 Mar.  in #Forex #Ask Price #Currency #Currencies #Basics Series #Fx #Currency Pairs #Bid Price #Quote Currency #Base Currency
One thing I learned throughout experience, things get complicated because the simple basics are missing. Whether you are in the money business or software development, when things get very complicated, always remember: "TIME TO GET BACK TO BASICS".
Always Recall this:
  • AMATEURS COMPLICATE THINGS, PROFESSIONALS SIMPLIFY THEM
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EUR/NOK - Retracement Period

Metal_Mind Posted 15 Nov. as Analysis on EUR/NOK, Target: 8.1388, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Base Currency #Consolidation #Sharp #EUR/NOK #Retracement #Run

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 8.2360

EUR/NOK pair like the majority pairs which have euro as base currency , experienced a bullish run very high and in a relatively short perioad of time but surprisingly this pair isn't followed by some long retracements period but rather short consolidation moves and other sharp bull runs. Studying back price movement ,i predict a retracement
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Metal_Mind 26 Dec.

UPDATE 1 : Wrong Prediction

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