EURUSD is currently exhibiting a downtrend in the early trading hours of Tuesday. The price is hovering around 1.076, and the outlook for today seems to be favoring the bears as the recovery appears capped by three significant peaks identified on the chart. With US liquidity returning to normal today, I expect this currency pair to face further downward pressure,...
Brian greets everyone. Today, GBPUSD continues to trade at a low price, currently at 1.215. As seen on the 4-hour chart, it can be observed that GU is still moving below the EMA 34 line, indicating that the downward trend is not yet over. From the previous trend, it is clear that every time it touches the EMA 34 (YELLOW LINE), there will be a...
Greetings esteemed traders! It brings me great joy to embark on this market exploration journey with you today. The price of gold has experienced slight fluctuations, witnessing a modest increase of 2.8 USD to reach 1,919.3 USD per ounce when compared to the previous trading session. It is evident that the Gold Market is currently experiencing some pressure from...
Greetings, traders! The price of gold is presently trading below the 1900 USD mark. However, in comparison to yesterday, gold has shown new progress by reaching 1896 USD per ounce. At present, gold's ability to rise significantly is hindered by multiple factors. Notably, the USD has yet to cool down and faces additional pressure due to the Federal Reserve's plans...
The rally of the US Dollar Index in the first session of the week put pressure on the precious metal priced in USD. Earlier this morning, the US Dollar Index rose 0.31% to 101.38 points, taking away the attractiveness of gold for buyers holding foreign currencies. New economic data is also negative for gold. Specifically, the Purchasing Managers' Index in the...
After reaching the break-even of the previous trendline and the end of the 2-leg with the first correction, we are waiting for the continuation of the downward trend until the next breakeven.
In this video I will reviewing trades I took on August 24, 2021 going full in depth explaining how I traded $CHWY, $WISH, $TLRY, $UPST with the full breakdown Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his...