The weekly correction into the 38.2% Fibonacci has a confluence with the May swing lows. A firm break through the resistance will be needed if the bulls are going to stay in control towards 0.6720. The NZ dollar is attracting a bid as the US dollar nurses last week’s losses and continues to bleed out on Monday. As
admin
The USDCAD moved lower in the early Asian session and in the process broke below its 50% midpoint of the move up from the April 21 low. That level comes in at 1.27677. The price has stayed below that midpoint level since the break. Stay below the 50% retracement and the sellers remain in firm
It’s a quiet trading day but we’re carrying over the themes from last week with the dollar keeping lower for the most part while equities are looking to extend the bounce from last week. I categorised last week’s move as that of markets looking for some breathing room after the moves from April to early
Gold prices were trading mildly higher on Monday as the weakening US dollar buoyed greenback-priced bullion, although gains were capped by some investors turning to riskier assets in Asia. Federal government offices, stock and bond markets, and the Federal Reserve will be closed on Monday for the Memorial Day holiday in the United States. Gold
Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the next weakest. On the other hand, Australian Dollar is leading New Zealand and Canadian Dollar higher. Euro and Sterling are
The risk-on mood undermined the safe-haven JPY and extended support to USD/JPY on Monday. The prevalent selling bias around the USD held back bulls from placing fresh bets and capped gains. Expectations that the Fed would pause the rate hike cycle later this year weighed on the greenback. The USD/JPY pair gained some positive traction
For Premium Signals- https://forexvisit.com/go-premium If you want more Actionable Forex Premium Strategies, Go to:- https://forexvisit.com/courses/a-to-z-advance-price-action-course/ Visit- https://forexvisit.com Marvelous Price Action Trading Strategies 15Min Scalping & Techniques | Price Action | Best Trading 1- https://www.exness.com/a/nxs7yn4aac 2- https://www.icmarkets.com/?camp=16011 3- https://my.octafx.com/open-account/?refid=ib1505000 4- https://www.forextime.com/?partner_id=4804682 Follow Us on:- https://www.facebook.com/ForexvisitOfficial https://www.instagram.com/forexvisitofficial/ Tweets by ForexVisit https://www.linkedin.com/company/forexvisit www.pinterest.com/forexvisit #forextrading #forexscalping #forexscalpingstrategy #Priceactionstrategy #forextrading
Crypto markets are undeniably bearish, but some industry insiders believe these conditions will shake out the bad actors and create greater opportunities for future participants. Traders tend to lament the negative price action and relative difficulty in executing profitable trades in bearish market conditions. However, several leading analysts and builders agree that this is the
The GBPUSD moved up to test the 50% of the move down from the April 21 high yesterday, and broke above that level at 1.2622 early in the Asian session today. The high price also extended above the May 4 high at 1.26373 on its way to a high price for the day of 1.2666.
MON: EZ Sentiment Survey (Apr). TUE: NBH Announcement; Japanese Jobs Report (Apr); Chinese PMIs; German Unemployment (May); EZ Flash CPI (May); Canadian GDP. WED: BoC Rate Decision; South Korean Trade Balance (May); Australian GDP (Q1); Chinese Caixin Manufacturing PMI Final (May); German Retail Sales (Apr); EZ/UK/US Manufacturing Final PMIs (May); EZ Unemployment Rate (Apr); US
Gold in the national capital on Thursday fell by Rs 241 to Rs 50,671 per 10 grams, reflecting a decline in international precious metal prices, according to Securities. In the previous trade, the precious metal settled at Rs 50,912 per 10 grams. Silver, however, grows Rs 87 to Rs 61,384 per kg from Rs 61,297
GBP/USD Weekly Forecast: The pound has room to rise in the NFP week The US dollar’s retracement from two-decade highs alongside a positive shift in risk sentiment emerged as the key catalysts that helped GBP/USD extend its recovery rally. Dip-buying remains the underlying theme for cable traders, as they head into a holiday-shortened US Nonfarm
The RBNZ raise rates by 50 basis points on Wednesday. On that day, the NZDUSD moved higher extending above the high from Monday’s trade in the process on its way to 0.65135. However buyers turned back to sellers, the price moved back below a swing area between 0.64908 and 0.6499, and the pair did not
The weekly Baker Hughes rig count shows: Oil rigs -2 to 574 Gas rigs +1 to 151 Total rigs, -1 to 727 The price of crude oil is currently up $0.32 at at $114.41 The high for the day reached $115.19. The low for the day extended to $112.85. The high got close to the
Gold traded in a narrow range this week as market players assessed if the recent rise in price is likely to continue or not. Gold tested a 2-week high of near $1870/oz level but ended the week with a marginal 0.5% gain near $1850/oz. Gold benefitted from weakness in the US dollar, lower bond yields,
In this article BBY Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyle changes related to the ongoing pandemic. Scott Olson | Getty Images Best Buy shares rose early Tuesday, as
The Australian dollar extends its weekly rally to two straight weeks, up 1.68%. The AUD/USD rises on positive Australian and US economic data as recession fears wane and expectations for a non-aggressive US Fed. Next week, the US economic docket will be busy and will feature releases of ISM PMIs, Fed speakers, and employment data
Automated forex trading bots are a thing of the future. DynaProFX is a leading provider of the best expert advisors of the forex market. This automated bot is based in algorithmic trading and requires little to no human interaction. In this video I show you how the bot works and its proven success. JOIN DISCORD