Forex48_TradingAcademy

Forex48_TradingAcademy

The GBP/USD exchange rate fluctuates in a narrow channel just above 1.2700 on Monday. The rebound of the major pair is supported by a positive risk environment. However, the increasing tension in the Red Sea could increase demand for safe-haven assets and limit the upside potential of the pair. GBP/USD experienced a rebound in the second half of the previous week,...

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The price of gold struggles to capitalize on the recovery trend in place for over two days, after hitting a low of over a month, and faces renewed selling pressure at the beginning of Monday. Declining US bond yields, a weaker dollar, and geopolitical risks could limit further losses. Additional gains could occur if gold manages to stabilize above the $2,030...

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The USD/JPY exchange rate finds support near 148.00 as bets in favor of a Federal Reserve (Fed) decision to cut interest rates are gradually diminishing. Weak inflation data could lead the Bank of Japan (BoJ) to postpone its plans to exit from accommodative monetary policy. According to the CME Fedwatch tool, traders see a 53% probability of a 25 basis points...

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January 19th Closing: The U.S. basket index concluded the day with a significant increase, recording a gain of 1.23% compared to previous values. The initial movements were lively, with the index opening at 4,796.3 points, surpassing the previous day's high. Throughout the day, it continued the positive trend, closing at 4,839.8, approaching the highest level...

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The price of gold has reached almost $2,030, benefiting from the stabilization of the US dollar. However, a downward correction is not entirely convincing as traders reduce bets on a Fed rate cut in March. The precious metal has experienced a strong recovery after finding support near $2,000, backed by the 50-day Exponential Moving Average (EMA). Nevertheless, the...

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The exchange rate between the Euro and the US Dollar remains consistently below 1.0900 on this Friday. A slight increase in the value of the US Dollar and yields on US Treasury bonds, in a context of general caution, is influencing the currency pair. Daily indicators are just beginning to highlight a negative direction, suggesting that the most likely path for the...

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The USD/CAD pair records a modest loss below the 1.3500 threshold during the early Asian trading hours on Friday. Currently, USD/CAD is traded at 1.3490, with a 0.03% loss for the day. Initial claims for unemployment benefits in the United States amount to 187,000 for the week ending January 13, the lowest level since September 24, 2022. The figure is better than...

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The trading strategy under examination is tailored for the M15 timeframe in the forex market, focusing on identifying supply and demand zones to make well-informed trading decisions. Let's delve into the key steps to successfully implement this strategy. Step 1: M15 Chart Analysis Position yourself on an M15 timeframe chart to gain a more detailed view of the...

Forex48_TradingAcademy Updated 

On Wednesday, the price of gold (XAU/USD) experienced a downward correction in response to statements by Federal Reserve (Fed) Governor Christopher Waller, who cast doubts on a potential interest rate cut in the March meeting. The XAU/USD pair marked its second consecutive decline, indicating further declines in the daily chart. Despite falling below a 20-period...

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In the Forex market, there is a consistent upward movement of the US dollar, impacting overall risks and causing the GBP/USD pair to trim its initial gains, descending towards 1.2700. However, the GBP/USD remains above the lower limit of the ascending regression channel, and the Relative Strength Index (RSI) signals a bullish trend in the short term. Key levels...

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The West Texas Intermediate (WTI) price stands at around $72.70 per barrel during Thursday's Asian session, highlighting an upward trend supported by optimism generated by the Organization of the Petroleum Exporting Countries (OPEC). OPEC's monthly report anticipates robust growth in oil demand for 2024 and 2025, forecasting an increase of 2.25 million barrels per...

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The EUR/USD exchange rate remains around 1.0900, benefiting from demand in Thursday's Asian trading and the decline of the US dollar. The ECB, with a hawkish stance, opposes expectations of a rate cut, providing additional support. The pair may face downward challenges, with the key level of 1.0844 as the initial support, followed by 1.0723 and other previous...

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Today, we delve into the crucial market phases, focusing on the dynamics of accumulation and distribution, along with the concepts of BOS (Breakout of Structure), Sweep, Range, and Liquidity. Understanding these phases is essential for developing an informed trading strategy and improving trading decisions. The market goes through various phases, such as...

Forex48_TradingAcademy

The GBP/USD is rebounding towards 1.2700, driven by surprisingly high inflation data in the UK, which diminishes expectations of aggressive interest rate cuts by the BoE. US retail sales data has bolstered the strength of the dollar, slightly exceeding expectations. The exchange rate remains above the lower limit of the ascending channel, with the Relative...

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The EUR/USD exchange rate is recording losses below 1.0900, marking five-week lows at 1.0862 on Tuesday. Investors are monitoring the US dollar and assessing the Federal Reserve's interest rate outlook amid persistent geopolitical risks, with a particular focus on US retail sales data. If the EUR/USD continues to decline and surpasses the 2024 low at 1.0861, it...

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In this model, we observe a market that begins to consolidate before a sharp decline, during which liquidity is created with an imbalance. Immediately after, there is an upward movement with rising highs and lows, forming a bullish liquidity trendline. When the price reaches a point where it starts to consolidate, dual liquidity is generated on the buy side in the...

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The price of gold (XAU/USD) is undergoing a significant sell-off, failing to reclaim the weekly high above $2,060. Investors are reassessing the timing at which the Federal Reserve (Fed) might reduce interest rates. After the failure to regain the weekly high of $2,062, the price of gold has dropped to around $2,030. It is expected to remain uncertain until new...

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The Canadian dollar strengthened following mixed inflation data in Canada, while weakness in U.S. manufacturing data exerted negative pressure on the dollar. The bullish trend in USD/CAD persists, with resistances at 1.3420 and 1.3350 potentially impeding selling. The Canadian dollar (CAD) gained against many currencies on Tuesday but lost ground against the U.S....