The foreign exchange market (Forex) is a global, decentralized financial market where traders buy and sell currencies. It is the largest and most liquid market in the world, with an average daily trading volume of over $6.6 trillion.
There are many reasons why the Forex market is popular with traders:
High liquidity: Due to the huge trading volume, traders can...
OANDA:NZDUSD
NZDUSD is in a descending channel on 4H TF, and touching the trendline.
Sell 0.59800-0.60000
SL: 0.60400 (40 pips from zone)
TP: 50-100-200 Pips (Low Risk, High Reward)
Follow, Like & Comment for any chart.
After rallying to a new Bitcoin all-time high in March, markets had looked without momentum for weeks. New catalysts such as an Ethereum ETF approval look very unlikely. The launch of new Bitcoin and Ethereum ETFs in Hong Kong has not attracted meaningful volumes. The much-anticipated announcement of the Eigenlayer token in the Ethereum ecosystem led to more...
H4 Analysis:
Analysis/Bias remains the same as yesterday's analysis dated 02 May 2024
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...
Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction.
Gold prices have been trading...
Looking for Impulse Down.
Nzdusd will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
Fundamental analysis: So far so good as there are no Short-term surprises. DX again reversed and it's no surprise that this is pushing Gold Higher (last #5 out of #5 Fed Rate decisions were Bullish on Gold regardless of the outcome or Powell's stance later on the conference). No doubt that Gold is also affected by the effect of Bond Yields policy remarks, testing...
📈 Trading Alert: High Impact Dollar News Incoming Today on the Dollar!!!
Friday NFP Market Insights:
Prepare for significant market movements as we delve into High Impact Dollar News & Today's Trading Analysis! Today, anticipate major announcements like Unemployment Rate and NFP. Join me as we analyze today's trading ahead, exploring potential market movements...
"Japan faces a tug-of-war with yen bears" says the recent Reuters article on this topic, which has had a lot of articles in the recent buildup to the BOJ intervention. What it basically implies is that professional traders have embarked in a money making roller coaster pushing the USDJPY higher knowing full well that the BOJ will step in and bring it down...
The market went further down from the resistance after news releases. The price responded poorly to the key level at 2300. We did not have a strong upward move, which indicates that bulls are not ready to buy at these levels. On the daily, OANDA:XAUUSD formed an inside bar formation, which can be seen as a triangle pattern in lower timeframes. I think the market...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
I am taking a contrarian view and bagholding rune... never been more bullish in my life. Love the negative sentiment I am seeing these days.
This is not financial advice I have 0 idea what rune does
