March 2020 - TriumphFX Analysis

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Mar

TriumphFX Intraday Forex Analysis – 1 Hour Charts – March 31, 2020

Posted BySamuel Morton Category Daily FX Analysis

***Coronavirus fears are driving markets – cash fleeing to safe-haven currencies (CHF, JPY, USD). Stock markets down*** AUDUSD As suggested in yesterday’s chart analysis, price has been rejected at the shorter-term moving average and bullish channel support area. AUDUSD continues to be bullish and uptrend within 2 bullish channels. The …

An Example: Calculate Swap for EurUsd

Posted ByTFXI Documentation Category Learn Date March 31, 2020

Recommended prerequisite reading Buy EurUsd Given that the EurUsd long swap rate is -9.12 in points. Attention: Rates of swap are subject to change from time to time. You have an open position on Tuesday and rollover at 21:00 GMT on the same day, you will be charged 1-day swap. …

Point Size

Posted ByTFXI Documentation Category Learn Date March 31, 2020

What is Point Size? A single point size is a profit obtained when the price moves one point for a position of a specified volume. The formula to calculate is:- Point Size = (10-Digits) × ContractSize Point size of 5-digits forex pairs Whereas we know the contract size of 1.00 …

Charge of Swap

Posted ByTFXI Documentation Category Learn Date March 31, 2020

Recommended prerequisite reading What is Swap? Swap is also commonly known as the rollover fee. It is charged when a position is kept open overnight, through the “end of day”. The “End of Day” The “End of Day” is affected by Daylight Saving Time (DST):- 21:00 GMT during Summer Time …

Show Ask Line in Chart of MetaTrader 4 Client Terminal

Posted ByTFXI Documentation Category Learn Date March 31, 2020

Bars in the terminal are built and shown only for Bid prices. However, for opening of long positions (Buy Open) and closing of short ones (Sell Close), Ask price is always used. But it is not shown in the chart in any way, it cannot be seen. To control over …