Do you feel confused when you look at your trading screen, seeing prices go up and down without understanding why? It’s like trying to read a language you don’t know – frustrating and often doesn’t work.In your quest to understand price movements, you might have added a lot of indicators to your charts, making it
Due to our analyse on GBPUSD, the GBPUSD will resume its down trend , after 4 weeks of pausing , the drop may be deeper. Properly deep as low as 1.10 (last price is 1.21205) Trading strategy : Do more short sell orders on GBP/USD, when the price at a recent high level. (next week 30th Oct
University of Michigan Consumer Sentiment Prelim was 63.0 Prior was 68.1 Details: Current conditions 70.6 vs 66.7 prelim (71.4 prior) Expectations 59.3 vs 60.7 prelim (66.0 prior) 1-year inflation 4.2% vs 3.8% prelim (3.2% prior) 5-10 year inflation 3.0% vs 3.0% prelim (2.8% prior) The Fed might be concerned about that bump in inflation expectations
Geopolitical and economic news flow stayed elevated this week, with both good and bad developments keeping price action mostly in a range. The War premium faded a bit early on as major escalation from Israel was pushed back through Thursday, and traders still had plenty to worry about with global growth, inflation and interest rate
The Aussie dollar took the top spot this week, closely followed by the Japanese yen, both likely bid higher after strong inflation updates hit the wires from their respective countries. And unfortunately for Loonie bulls, the Canadian dollar was the biggest loser, likely driven lower by falling oil prices and net negative commentary from the
EUR/USD: Awaiting the Pair at 1.0200? ● Having started the past week on a positive note, EUR/USD approached a significant support/resistance level at the 1.0700 zone on Tuesday, October 24, before reversing and sharply declining. According to several analysts, the correction of the DXY Dollar Index that began on October 3rd, which correspondingly drove EUR/USD
A popular trading expression is “the trend is your friend.” This expression has stood the test of time because trends are critically important to any trading plan. Forex trendlines can be seen in almost any charting analysis due to its usefulness and simplicity. This article provides traders with an in-depth guide on what trendlines are, how to draw
The Multistrategy Balance Analyzer has been meticulously designed to empower algorithmic traders. It provides a platform to visualize and test trading strategies, allowing them to closely monitor, during the optimization process, the performance of individual strategies—be it by magic numbers or symbols. This is instrumental in gaining insights into the precise dynamics of each strategy
This week 4 of the “Magnificent 7” (Microsoft, Amazon, Alphabet and Meta reported) reported their earnings and their results really didn’t matter. The markets were intent on moving to the downside spurred on by higher yields, concerns about global growth, concerns about the Fed, and concerns about Israeli/Hamas war. The wall of worry is high.
Osmosis is an advanced data driven automated trading robot which uses dynamic price differential algorithm and market volume to trade retracement on Gold (XAUUSD) . The price differential algorithm identifies various possible prices of execution, simultaneously pends and modifies orders until it gets the best possible price of execution. This makes the EA to use a
