Hello Traders! AU is still pushing higher. Notice how traders are forced to buy above the monthly open now. Discount prices were not offered for a long time going into this month.
With continued fundamental information expected on Thursday and Friday, the market is waiting for continuing fundamental information to support a directional move.
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Hello Traders! EU is still on the rise while the dollar is sinking. The bond yields are also suggesting further sell off.
Hey Traders, In this weeks Midweek Review we look at the reason the market has started off so slow despite all the high impacting news scheduled to be released. We also look at Bitcoin reaching record highs as we well as Gold and dig into what this means for the U.S dollar and how we should interpret this information. And finally we take a look at the...
Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022. However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the...
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The S&P 500 on Tuesday broke lower and its structure implies a market waiting for new information. The current expectation would be an inside day on Wednesday.
Without any dramatic fundamental news a rest day on Tuesday would be expected.
Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and...
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Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago....
saw a good entry at 0.58 a contract sold at 0.79 wish i got my limit order filled at 0.89
Indicators allow you to track the spread for a selected trading pair in real time (the exchange rate difference on different exchanges, or the difference between spot and futures), see the price and the exchange for buying and selling at the moment, the history of the spread on the chart, the number/frequency of arbitrage situations for three different time...
In this bullish example, we see that the price opened at the close of the previous Daily candle. Price normal mitigates/manipulates into a point of interest created in the previous day. Price will then move up as we are bullish.
Use the sessions to your advantage. Wait for the liquidity to be swept during the Asian session. You can trade during the London or New York session.
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The weekly candle will do 1 of 2 things today. It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant) or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst 0:0 Intro Monthly/Timeframe 0:58 Daily timeframe 3:43 Weekly timeframe 5:43 4Hr...