Forex48_TradingAcademy

Forex48_TradingAcademy

The AUD/USD exchange rate is declining towards 0.6550 early on Wednesday due to mixed China's PMI data and weaker-than-expected inflation data in Australia. The CPI confirms that the RBA's interest rate hike cycle is over. Attention now turns to the decision of the United States Federal Reserve. Despite an erratic performance on Tuesday, the AUD/USD erases the...

Forex48_TradingAcademy

XAGUSD presents a bullish structure on the daily chart, where the price has bounced off the 0.705 Fibonacci level after entering the demand zone. I now expect the price to experience further growth towards the liquidity zone at the 24.20 level, as the previous liquidity area has already been filled. It is highly likely that the Federal Reserve will keep interest...

Forex48_TradingAcademy

The USD/CAD exchange rate is under selling pressure in the early Asian trading hours on Tuesday. Canada's Gross Domestic Product (GDP) for November, expected to expand by 0.1% compared to the previous month, will be released on Wednesday. The pair remains under pressure as the Federal Open Market Committee (FOMC) meeting on Wednesday approaches, with no...

Forex48_TradingAcademy Updated 

The AUD/USD aims to maintain a stable situation above the level of 0.6600 in a week filled with events. A reduction in inflation in Australia could bring some relief to the Reserve Bank of Australia (RBA). The US Dollar Index (DXY) has recorded an increase to around 103.64, driven by escalating geopolitical tensions that have increased its appeal as a safe haven....

Forex48_TradingAcademy

Gold continues to fluctuate around $2,020 in the latter half of Friday, holding its position despite a 4.1% retreat in the benchmark 10-year US Treasury bond yield, driven by December PCE inflation data. The gold price remains within a limited range, with the Fed closely monitoring inflation trends, and the PCE outcome will impact its restrictive stance on...

Forex48_TradingAcademy

The EUR/USD is holding around 1.0850 during the Friday American session, with the US dollar struggling to find demand. Critical support is located at the 50% Fibonacci retracement level of the October to December uptrend. If the cross falls below this level and uses it as resistance, it could find support at 1.0740 before reaching 1.0700. On the upside, immediate...

Forex48_TradingAcademy

Japan is going through a consolidation phase against the US dollar, amidst mixed fundamental signals. The softer tone of the Tokyo Core CPI, coupled with a positive risk sentiment, is weakening the Japanese Yen (JPY). Despite subdued price action in the USD, momentum is lacking ahead of US PCE data. The USD/JPY pair has trimmed some of its intraday gains, hovering...

Forex48_TradingAcademy

The future of the EUR/USD is uncertain, with the possibility of further declines if the support level of 1.0821 is breached. In case of a descent, it could test the 100-day moving average at 1.0774 and then touch the December 2023 low of 1.0723. The negative outlook would intensify if it surpasses the key 200-day moving average at 1.0843. On the positive side, the...

Forex48_TradingAcademy Updated 

The USD/CAD pair is trading laterally near 1.3440 after a sharp descent from the psychological resistance of 1.3500 in the early hours of the European session. The Canadian Dollar (CAD) showed limited activity on Monday to start the trading week with subdued momentum across the major currency landscape before a sudden decline against the US Dollar (USD). CAD...

Forex48_TradingAcademy

The H4 analysis of the Euro/Australian Dollar exchange rate points to a negative trend, with the price currently undergoing a Fibonacci retracement at the 0.62-0.79 level. I anticipate a potential bearish momentum for the pair with a potential target of 1.6270, representing an area of liquidity that has yet to be explored. However, it is crucial for the price to...

Forex48_TradingAcademy

The EUR/USD exchange rate is advancing significantly after two consecutive days of retracement, although a convincing break of the 1.0900 barrier remains elusive at the moment. The prospects for the pair are expected to turn bearish if it sustains a convincing breach of the crucial 200-day moving average, currently at 1.0844. On the upside, the weekly level of...

Forex48_TradingAcademy

Gold faced bearish pressures and reversed its trend during Wednesday's American session, dropping below $2,020. Positive PMI data from the United States contributed to the rebound in the yield of the 10-year US Treasury bond, negatively impacting XAU/USD. The latter could, therefore, become vulnerable to an acceleration of the decline towards the intermediate...

Forex48_TradingAcademy

The Japanese Yen benefits from the hawkish stance of the Bank of Japan (BoJ) on Tuesday, although it lacks follow-through. The reduced bets on an imminent interest rate cut by the Federal Reserve (Fed) provide support for the US Dollar and the USD/JPY pair. The 147 area could act as a crucial point, and if decisively breached, it might trigger aggressive technical...

Forex48_TradingAcademy

Good morning traders, EUR/USD has firmly maintained its downward trend and retreated to multi-week lows in the 1.0820 zone amidst increasing pre-ECB weakness. Looking at the 4-hour chart, the pair seems to have broken below the consolidative phase. That said, the first support level will be around 1.0821 before 1.0723. On the bullish side, attempts should look for...

Forex48_TradingAcademy

5 STEPS SMART MONEY CONCEPT MODEL Break of Structure (BOS): Definition: A Break of Structure occurs when the market provides the initial indication that the price is likely to reverse. For example, a new lower low and lower high signal a disrupted market structure, indicating a forthcoming reversal to the downside. Trading Approach: Traders typically align...

Forex48_TradingAcademy

The AUD/USD indicates a slight uptick, trading around 0.6580 on Tuesday after registering losses in the previous session. The improvement in NAB's Business Confidence may have contributed to supporting the Australian Dollar. The evident resumption of the downward trend around the Australian dollar led the AUS/USD to leave behind a two-day recovery, remaining under...

Forex48_TradingAcademy

EUR/USD remains in a disadvantaged position and trades slightly below 1.0900 in the American session. The EUR/USD pair records modest intraday gains and has even reached a new four-day high at 1.0909. EUR/USD moves uneventfully just below the 1.0900 mark on Monday, confined to a limited range. The absence of relevant macroeconomic news and first-tier events...

Forex48_TradingAcademy

2000 DOT-COM CRISIS The dot-com crisis, also known as the "dot-com bubble" or "dot-com crash," was a period of economic turbulence that affected the technology and telecommunications sectors in the late 1990s and early 2000s. Here are some key points: Euphoria Phase: In the 1990s, there was a boom in the technology and dot-com industry fueled by irrational...