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RBA Holds Interest Rates…For Now
When the Reserve Bank of Australia (RBA) met on its monetary policy today, many analysts were unsure of how things would pan out with interest rates given the recent drop in CPI among other things.
Eventually, after 10 straight hikes in…
XAU/USD bears prowl near psychological $2,000 level
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Gold price is probing the $2,000 near a 61.8% Fibonacci retracement.
Gold price bears are on the…
US Dollar Outperforms Again, but Key Resistance Holds. USD/JPY Looks More Interesting
US Dollar, DXY, USD/JPY, IGCS – Technical Update:The US Dollar had its best 2-day performance since early MarchDXY still remains below a key trendline after a Bullish EngulfingUSD/JPY made breakout progress, but IGCS offers bearish…
Manufacturing Data Lifts Downtrodden Dollar
US Dollar (DXY) News and AnalysisPositive manufacturing data lifts the downtrodden dollarDXY technical considerations: bounce at support provides support for developing pullbackThe analysis in this article makes use of chart patterns and…
Forex 3D trading strategy – Trading Strategies – 17 April 2023
Forex 3D trading strategy: To open a buy order, we need to place the indicator on the H1 timeframe and make sure that the price on the hourly chart is now above the brown triangles. The last hand on the hourly period should…
Event Guide: U.K. Inflation Updates for March 2023
We’ll get the latest U.K. inflation update on Wednesday, which is often a market mover for the British pound. Check out all of the important data to consider before putting together your latest trade idea on Sterling!
Event in Focus:…
Shows signs of recovery, trades above the 200-DMA
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USD/CAD rises above the 200-day EMA but struggles to crack 1.3400.
Upside risks for the USD/CAD lie…
Gold Prices Slip as US Dollar Regains Vigor, Oil Repelled by Cluster Resistance
GOLD AND OIL TECHNICAL OUTLOOK:Gold prices retreat and probe technical support area near $2,000 as U.S. dollar extends recoveryRising U.S. Treasury yields also exert downward pressure on precious metalsMeanwhile, oil prices sink after…
MT5 Price action indicator download (MT4) – My Trading – 17 April 2023
Price action indicator MT5 / MT4 If I want to use price action patterns indicator then I use H&S or Quasimodo trading indicator pattern. I enjoy making video about Price action indicator mt5 tool for true price action and…
Daily Forex News and Watchlist: AUD/USD
Dollar bulls had a strong run last Friday, but AUD/USD is pausing its slide at an area of interest.
Will the upcoming U.S. catalysts spur another big move?
Before moving on, ICYMI, I’ve listed the potential economic catalysts that you…