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This is what we’re looking for – Trading Systems – 3 November 2023
If you spot a perfect streamline trend move, you need to analyse it to identify what makes it different from other moves.Yesterday we saw a perfect BUY trend move on the CAD, and so we analyse its line profile with FX Power NG,…
The Key Difference Between Trading Biases & Predictions
What’s the difference between a prediction versus a trading bias?
A prediction is defined as a forecasting statement on how things will be in the future. Making a prediction means that you are expecting a certain outcome.
In forex …
Remains on backfoot ahead of US/Canada Employment data
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USD/CAD struggles for a firm footing amid soft US Dollar.
Investors await the US/Canada labor…
Pound Clinging to Post-BoE Gains
POUND STERLING ANALYSIS & TALKING POINTSBoE sentiments linger in favor of sterling.US NFP and services PMI to dominate headlines later today.GBP/USD eyes symmetrical triangle breakout.Elevate your trading skills and gain a competitive…
Which position (order) to open Sell or Buy and at what point in time – Trading Strategies…
Market analysts explain the change in the exchange rate by publishing news better or worse than expectations. The News impact L indicator collects exactly these expectations from the publication of actual values for the…
XAG/USD seems vulnerable to slide further, break below mid-$22.00s awaited
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Silver remains under some selling for the second straight day and drops closer to the weekly trough.…
Euro Progresses as Markets Prep for NFP
EUR/USD ANALYSISEuro area economic situation stays weak but EUR bulls capitalize on US data.NFP and US ISM services PMI in focus tomorrow.EUR/USD stays within developing rising wedge.Elevate your trading skills and gain a competitive…
Chart Art: EUR/CAD’s Trend Pullback
Trend warriors gather ’round! EUR/CAD is testing a key inflection point after turning lower from its intraweek resistance.
Which potential support levels should you watch out for?
We’re taking cues from the 4-hour chart today:
EUR/CAD…
Remains below 50-day SMA, bearish flag pattern in play ahead of NFP
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EUR/USD oscillates in a narrow trading band on Friday as investors keenly await the US NFP report.…
Bullish Momentum Wanes Despite Softer USD, Yields
Gold (XAU/USD) AnalysisGold’s Bullish Momentum Weighed Down by General Lift in SentimentThe FOMC statement and presser resulted in a reduced expectation that the Fed will hike rates in December – the final meeting for the year. Jerome…