Greetings Traders, This week promises significant market movement with a series of high-impact news releases, including the Non-Farm Employment Change and the Unemployment Rate among others. In this video, we'll delve into what to expect in DXY and GBPUSD trading, recognizing that such weeks often exhibit manipulative or accumulative behavior. It's crucial to...
Gold is currently consolidating between 1880-1860 and is in a non-trading range. If there is a break below 1860 and it is confirmed as resistance, go short with a target of 1843.800 and 1835.550. On the other hand, if there is a break above 1870 and it is confirmed as support, go long with a target of 1903.035 and 1917.865. Keep in mind that today is the FOMC...
We have several high-impact German data for the EUR coming out this session today. Germany is the largest strength contributor to the EUR out of the basket of countries that compose this fiat. Expect some wild moves depending on that German data and do not underestimate the power of patience. I will know my bias after data release - respond to price, do not chase...
It seems like gold is about ready for a massive correction, my bets are to the upside, but it might be 1-2 weeks before we see the bullish impulsive price action, and potentially on the back of some High impact news? I'm looking to take Gold about to the 1940s' Level. I will probably enter a small position on the back of a strongly bullish weekly candle close...
Falling wedge patterned formed with confirmation of a reversal. Manufacturing Production news coming out at 0700 hours on the 14th of July which is projected to have high impact on GBP pairs. Expecting a bullish push within the next 24 hours.