Forex48_TradingAcademy

Forex48_TradingAcademy

Gold rose to the $2,040 area in the second half of Thursday but lost momentum. Despite the renewed weakness of the US dollar, the rise in US yields limits the upside potential for XAU/USD as market attention shifts to Friday's November employment report. Gold continues to move around the $2,025 area, still facing some bearish pressure after the sharp reversal from...

Forex48_TradingAcademy

A FVG can indicate that IPDA is in a hurry to move price in one direction over another. This is an algorithmic footprint that we can see in price action. ICT often uses the analogy of an elephant stepping into a children's pool. Since the size and mass of the elephant's foot is so large, we will of course see a displacement of water. ICT uses this analogy to draw...

Forex48_TradingAcademy Updated 

The GBP/USD exchange rate is struggling to stabilize above 1.2600 after closing the first two trading days of the week in negative territory. Despite weaker-than-expected ADP Employment Change data, the US Dollar remains relatively resilient in a cautious market context. On the downside, 1.2600 (psychological level, static level) serves as the first support before...

Forex48_TradingAcademy Updated 

The price of oil is currently breaking the November low due to an increase in supply, with US exports exceeding 6 million barrels per day. Simultaneously, Saudi Arabia is reducing crude oil export prices in Asia. Meanwhile, the US dollar (USD) is consolidating for the third consecutive day, with the US Dollar Index (DXY) near 104.00, with the possibility of...

Forex48_TradingAcademy

The PREMIUM level (high) of the FVG should offer support in a bullish market if price has closed above this level. This level becomes even stronger as support if the FVG has been balanced/rebalanced. The DISCOUNT level (low) of the FVG should offer resistance in a bearish market if price has closed below this level. This level becomes even stronger as resistance...

Forex48_TradingAcademy

The EUR/USD exchange rate recorded modest gains during Thursday's Asian session. However, the upward movement could be limited by renewed demand for US dollars and Eurozone data below expectations. On the 4-hour chart, the EUR/USD remains within a descending channel, far from the lower boundary, suggesting further downside potential. A break above 1.0800 would...

Forex48_TradingAcademy

IPDA not only engineers liquidity in the markets by moving price, by design it has to offer fair value for buying and for selling. This too is based on its market efficiency paradigm logic. In some cases, IPDA may reprice too quickly in one direction over another, thus leaving an inefficiency in price delivery (A FVG). In order for IPDA to maintain its fair value...

Forex48_TradingAcademy Updated 

After a significant decline on Monday, the price of gold consolidated around $2,020, struggling to recover. Mixed U.S. data affected the yield of the ten-year Treasury, helping limit losses for XAU/USD. On Tuesday, gold saw buying activity following a reversal of $125 from the peak of $2,144-2,145. Despite modest gains, a definitive trend is lacking due to...

Forex48_TradingAcademy

"Everything starts with consolidation": IPDA (Interbank Price Delivery Algorithms) keeps the price within a range. This allows liquidity to accumulate above the consolidation range in the form of buy orders and below the consolidation range in the form of sell orders. This phase is known as the accumulation phase. Subsequently, IPDA reprices above the...

Forex48_TradingAcademy Updated 

The EUR/USD lost momentum, dropping towards the 1.0800 level after a bounce at 1.0850. The market is cautious ahead of US macroeconomic data, hindering a potential recovery. If the EUR/USD confirms 1.0820 as resistance, the psychological level of 1.0800 could serve as temporary support. After a decline to 1.0800, the EUR/USD regained ground, surpassing 1.0820...

Forex48_TradingAcademy

The GBP/USD continued its decline towards the 1.2600 level early on Tuesday after closing the first trading day of the week in deep negative territory. The US Dollar (USD) benefited from safe-haven inflows on Monday, causing a further drop in the GBP/USD during American trading hours. Tuesday morning sees a cautious market sentiment due to growing geopolitical...

Forex48_TradingAcademy Updated 

The US Dollar strengthened following the release of US economic data, including Core PCE and unemployment subsidy claims. This led EUR/USD to touch four-day lows below 1.0900, remaining under pressure. The DXY surpassed the 103.50 level, extending its recovery supported by rising Treasury yields. The EUR/USD pair experienced a significant daily decline, with the...

Forex48_TradingAcademy

Financial markets responded positively to a decrease in US inflation in November, leading to increased speculative interest and bets on potential shifts in central banks' monetary policy. Despite a short-term bearish corrective decline in XAU/USD, the slide is expected to be limited, with the metal trading well above its moving averages. Technical indicators...

Forex48_TradingAcademy Updated 

Oil prices are experiencing an increase above $77 due to uncertainties related to OPEC+ production, with Nigeria and Angola opposing production cuts. The US dollar has incurred losses following dovish statements from a Fed member. In this context, Saudi Arabia is urging production reductions, while oil prices are influenced by competition with lower prices in Asia...

Forex48_TradingAcademy Updated 

The GBP/USD is trading just above 1.2700. The exchange rate is not influenced by the hawkish comments from the Governor of the Bank of England, Bailey, while the US dollar continues its descent on signs of a robust American economy and further indications of easing inflationary pressures. The daily chart for the GBP/USD pair shows it is trading around its opening...

Forex48_TradingAcademy Updated 

The EUR/USD exchange rate reached a peak of 1.1008 during the American session, touching the highest level since August, and then retraced, finding support above 1.0970. The pair remains close to 1.1000, benefiting from a broad-based weakening of the dollar as Treasury yields decline. The pair reached a peak of 1.0962 as the US dollar remains unattractive and...

Forex48_TradingAcademy

The price of gold reached a nearly seven-month high, touching around $2,052 on Wednesday. Despite a slight reduction in intraday gains before the European session, gold remained in positive territory for the fifth consecutive day, also marking the sixth day in the last seven. This increase is attributed in part to the modest rebound of the US dollar and a...

Forex48_TradingAcademy Updated 

Oil prices are showing a slight reversal in trend on Monday, near the opening of the United States, after experiencing a loss of approximately 1.5% during European trading. The postponement of the OPEC+ meeting to a virtual format on Thursday is a sign of significant division within the organization. This is not good news for oil prices, which require a united...