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FX Weekly Recap: May 1 – 5, 2023
It was a crazy busy week for forex traders as they had to balance a cornacopia of top tier catalysts, including the latest U.S. employment update and THREE major central bank policy statements.
AUD and NZD took the top spot as risk…
XAG/USD rally stalls amidst positive US data as bearish signals emerge
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XAG/USD risks a bearish-engulfing pattern and double-top formation as the price retreats from a…
Banking Woes Support CHF Bid
Swiss Franc (CHF) Analysis
Recommended by Richard Snow
Top trading ideas identified by our analysts
Swiss Franc’s Safe-Haven Appeal Drives Currency AppreciationThe Swiss Franc has emerged as one of the top…
Supply and demand candle indicator MT4 MT5 – Other – 5 May 2023
How to create supply and demand analysis I will show how to Click on S&D candle to create Supply and Demand zone with price alert. Supply and demand click on candle to create level. I click on supply and demand candle to…
FX Play of the Day Recaps: May 1 – 5, 2023
With so many top tier catalysts this week, it was no surprise that volatility spiked beyond the average ranges and the steady stream of catalysts gave us some choppy price action.
But we’re pretty happy with the week as more often than…
Bears are flexing and eye 1.2620
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GBP/USD is being pressured to the downside in lunchtime NY trade and is taking on a support…
Banking Sector Stress Takes Center Stage
S&P 500, SPX, NASDAQ 100, NDX - OUTLOOK:While the uptrend remains intact, US equities have yet to clear past their recent highs.Better-than-expected earnings have provided a floor to equities.What is the outlook for the S&P 500…
Multi time frame trading indicator MT5 MT4 – Trading Systems – 5 May 2023
Trading multiple time frames indicator Automatic time frame colors for new created objects. With trading box technical analysis indicator I can define color for each time frame when new object is created. This allows me to…
AUD/USD climbs sharply underpinned by RBA’s hawkish SoMP, despite solid US NFP data
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US hiring soars in April: 253K jobs added, smashing the 180K forecast.
Market rethinks rate cut…
Our data shows traders are now net-long USD/CAD for the first time since Apr 20, 2023 when USD/CAD…
Number of traders net-short has decreased by 33.22% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIUSD/CADBEARISH50.06%49.94%1.26% Daily16.91% Weekly-22.18% Daily-33.22% Weekly-11.98%…