Forex48_TradingAcademy

Forex48_TradingAcademy

The dynamics of the markets develop within ranges. Understanding the formation of a range is crucial to grasp the mechanism of price formation. A trading range is established when buy and sell orders are activated, creating a new fluctuation with its own high and low. These define the current trading range. The IPDA (Interbank Price Delivery Algorithm) searches...

Forex48_TradingAcademy

During the early European trading hours on Thursday, the EUR/USD pair is gaining momentum around the 1.0900 level. This rise in the major pair is supported by the weakness of the US dollar following the Federal Reserve's monetary policy decision. Investors will be closely watching the upcoming ECB interest rate decision. Supported by a sharp decline in the US...

Forex48_TradingAcademy

I want to provide you with a detailed analysis of the situation surrounding gold, expressed from a first-person perspective. Here is a rephrased version of the information you provided: As I delve into the world of gold, I notice that it has recently shown remarkable resilience, surpassing the formidable $2,000 threshold on a Wednesday. This increase has been...

Forex48_TradingAcademy

The Power of 3 (Po3) concept in trading involves using a specific opening price as a reference point for buying and selling decisions. This opening price is set at midnight New York (EST) time and serves as a filter for trading strategies. The idea is to buy below this price on bullish days and sell above it on bearish days, without worrying about market closure....

Forex48_TradingAcademy

Gold Price Trend: I am observing that the price of gold is challenging bullish sentiments and is currently near the lowest level of the past three weeks at $1,976. Influential Key Events: I am keeping an eye on crucial economic events, especially the decision on interest rates by the United States Federal Reserve (Fed) and political prospects. Moving Averages: I...

Forex48_TradingAcademy

GBP/USD is currently trading in a sideways pattern, hovering around the 1.2560 level, particularly following the release of US inflation data. The upcoming week holds significant events, with the Federal Reserve (Fed) set to announce its monetary policy decision on Wednesday, followed by the Bank of England (BoE) on Thursday. Market consensus anticipates both...

Forex48_TradingAcademy

Currently, I am observing a negative trend of the United States Dollar (USD) against the Canadian Dollar (CAD) in the markets. My primary focus is on the data of the US Consumer Price Index (CPI) as it is crucial for my forecasts. These data will have a significant impact on expectations regarding inflation and the policy of the United States Federal Reserve...

Forex48_TradingAcademy

The EUR/USD exchange rate has undergone changes, reaching a minimum of 1.0741 before recovering to 1.0765 in a quiet trading session. The US Dollar Index has recorded modest gains, supported by an increase in Treasury bond yields. Investors are awaiting significant economic reports and central bank meetings. A decline in Economic Sentiment in the Eurozone is...

Forex48_TradingAcademy

The Japanese Yen continues to slide for the second consecutive day against the US Dollar. Investors are awaiting the US CPI and the FOMC decision this week for a fresh impetus. From a technical perspective, the USD/JPY pair showed some resilience last week at the crucial 200-day Simple Moving Average (SMA). The subsequent move beyond the 23.6% Fibonacci...

Forex48_TradingAcademy

The current situation in the gold market depicts a significant downward trend, with prices experiencing a notable drop to around $1,980, marking the lowest level in almost three weeks. This downward movement is largely attributed to the considerable increase, exceeding 1%, in the yield of the US ten-year Treasury bond. Downward pressure on XAU/USD is accentuated...

Forex48_TradingAcademy

The presence of institutional sponsorship is evident in the dynamics of price action, where algorithms governing various asset classes operate in harmony. This interconnectedness is logical; when one asset class is correlated with another, fluctuations in price inevitably influence its correlated counterpart. This phenomenon, identified by ICT as S.M.T Divergence...

Forex48_TradingAcademy

The price of WTI crude oil is facing challenges in maintaining intraday gains, experiencing a decrease during Monday's European session, hovering around $71.40 per barrel. The recent price increase has been fueled by positive employment data in the United States, but investors are skeptical about the possibility of a significant reduction in supply despite OPEC+'s...

Forex48_TradingAcademy

The EUR/USD cross experienced a rebound, rising from its recent low at 1.0723 observed last Friday. During the Asian trading hours on Monday, the pair demonstrated strength, trading higher around 1.0760. The US Nonfarm Payrolls for November exceeded expectations, recording a significant increase of 199,000 jobs, while the unemployment rate dropped to 3.7% from the...

Forex48_TradingAcademy

The GBP/USD recovered towards the 1.2550 level after coming close to 1.2500 in the latter part of the day, following the Nonfarm Payrolls report which recorded 199,000 new positions in November. Despite the recent rebound, the pair is on the verge of ending a three-week winning streak. GBP/USD closed in positive territory on Thursday but failed to attract...

Forex48_TradingAcademy

The EUR/USD saw a significant decline of more than 0.20%, hitting a daily low of 1.0723 following the release of US Nonfarm Payrolls data. However, the pair managed a slight recovery, reducing losses to 1.0767 after a positive report on the University of Michigan (UoM) Consumer Sentiment. The US Bureau of Labor Statistics reported a robust job market, adding...

Forex48_TradingAcademy

Gold experienced a significant shift in its trajectory, falling below its daily range and sliding towards $2,010 in response to the positive US November jobs report. Despite a subsequent recovery to around $2,020, the increase in US Treasury bond yields initiated another decline. For gold buyers, it is crucial to achieve acceptance above the $2,050 region to...

Forex48_TradingAcademy

USD/JPY is continuing its recovery above 144.00 in Friday's European trading session. The pair is finding relief from Japan's disappointing Q3 GDP data, which halted the Yen's strong ascent against the US Dollar amid signals of a potential policy shift by the Bank of Japan (BoJ). In Thursday's trading, USD/JPY remained anchored at four-month lows, registering a...

Forex48_TradingAcademy

In the realm of financial markets, the Interbank Price Delivery Algorithm (IPDA) operates based on a sequential consideration of time and price. Time serves as the initial component that IPDA takes into account, establishing specific time windows within which it will subsequently focus on identifying key price levels, referred to as PD.ARRAYS. This strategic...