EUR/SGD intraday: rebound towards 1.543

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  • #4129
    Kiaria Yoshida
    Keymaster

    Our pivot point stands at 1.536.

    Our preference is rebound towards 1.543. Alternative scenario is the downside breakout of 1.536 would call for 1.534 and 1.533.

    Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.539) but under its 50 MA (1.542).

    #14264
    Robert
    Participant

    Every new traders should use demo account before trading in live account. Because demo account helps him to know all the basics of forex trading. Without knowing the basics of forex, it is quite impossible to make the investment into profit. At first, investing in live account is a very risky decision. When trader gets all knowledge and become pro in forex trading than he should move to demo account. When I was new in this market I also opened a demo account in Tpglobalfx. it helps me to understand about forex. It makes me professional enough to invest in live account. I am still trading with them.

    #27683
    Christiano
    Participant

    Learning is important in forex trading. Many traders are failing because of that. Trader can also try demo account for practice trading. It is best option for new trader. Trader don’t have to tension about losing money in demo account. They can practice and test their trading skill with virtual money. Forex4you provide free demo account. I also tested it. Now I am trading in their micro account.

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