Zahari Rangelov is an experienced professional Forex trader and trading mentor with knowledge in technical and fundamental analysis, medium-term trading strategies, risk management and diversification. He has been involved in the foreign exchange markets since 2005, when he opened his first live account in 2007. Currently, Zahari is the Head of Sales & Business Development at TraderFactor's London branch. He provides lectures during webinars and seminars for traders on topics such as;Psychology of market participants’ moods, Investments & speculation with different financial instruments and Automated Expert Advisors & signal providers.Zahari’s success lies in his application of research-backed techniques and practices that have helped him become a successful forex trader, a mentor to many traders, and a respected authority figure within the trading community.
Forex order blocks are pivotal elements in trading that represent areas where financial institutions have placed significant buy or sell orders. These blocks are crucial for identifying potential market reversals and trends, providing traders with insights into the actions of… Read More »Unlocking the Power of Order Block in Forex Trading
The Euro to US Dollar (EUR/USD) exchange rate is experiencing a dip below 1.0850 in the early European trading hours this Friday due to an increased demand for the US Dollar. This is despite a sluggish performance from US Treasury… Read More »USD Struggles Amid Risk Aversion, BTC Loses Steam
Key Statistics – Trend Terms (October 2023) Indicator Value Unemployment Rate 3.7% Participation Rate 66.8% Employment 14,145,400 Employment to Population Ratio 64.4% Underemployment Rate 6.4% Monthly Hours Worked 1,937 million hours Key Statistics – Seasonally Adjusted Terms (October 2023) Indicator… Read More »AUD/USD Holds Steady Amid Mixed Economic Indicators
Despite closing the fourth consecutive day in the red, the GBP/USD pair is making a stubborn stand slightly north of the 1.2200 mark as we enter the weekend. The pair’s resilience stems from the UK’s Q3 GDP expansion at an… Read More »GBP/USD Pair’s Resilience Amid Economic Tug of War
GBP/USD remains weak near 1.2250 as European trading continues on Wednesday. The US Dollar is seeing an upswing, with investors treading carefully in anticipation of Fed Chair Powell’s speech. Despite BoE Governor Bailey’s recent remarks, the Pound Sterling fails to… Read More »GBP/USD Struggles Near 1.2250: Bailey’s Speech Leaves Market Unmoved: Ahead Powell Speech
Financial Market Opening The financial markets commenced the week on a relatively quiet note. The US Dollar (USD) Index, which suffered a decline of over 1% in the prior week, managed to stabilize around the 105.00 mark early Monday. Simultaneously,… Read More »Forecasting Market Trends: Key Speeches from Powell, Lagarde & Bailey on the Horizon
Continued Gains for EUR/USD The Euro to US Dollar (EUR/USD) pair is making strides, consolidating its weekly gains above the 1.0600 mark in Friday’s European trading. This upward trend is supported by a renewed weakness in the US Dollar and… Read More »EUR/USD Soars Above 1.0600 Mark Amid US Dollar Weakness: Market Eyes US NFP Data
EUR/USD Trading Update The EUR/USD currency pair continues to trade in negative territory, remaining below the 1.0550 mark ahead of critical U.S. economic data. The pair is on the defensive, with traders eagerly awaiting September’s job openings and October’s ISM… Read More »EUR/USD Continues Downward Trend Amid Anticipation of JOLTs Report & FOMC Meeting
The coming week is filled with anticipation for the macroeconomic community. A plethora of data releases are scheduled, including crucial reports on the US labor market. These events will occur alongside significant happenings such as the Treasury refunding announcement and… Read More »Anticipating a Busy Week: Ahead NFP, JOLTs and Central Banks Meetings
The markets were relatively quiet last week, and the US dollar-declining trend has persisted as expectations for a more dovish stance from the Fed and other major central banks have grown. In the United States, there will be a lot… Read More »Weekly Forex Forecast: USD, GBP, EUR
