Overall Analysis USD/CHF in an uptrend with strong channel support; the pair stays strong on the daily time frame. USD/JPY breakout of the distribution zone; breaking the halt zone will decide the direction. USD/CHF Chart Analysis 15 min time frame On the 11th Nov 2024, the pair kept its rally strong towards the upside with…
Overall Analysis Oil tanked more then -1.98% on Friday’s trading session, broke major supporting trendline and sustained below it. Natural Gas down by almost -1%, breaking the supporting trendline, currently at major level. Breakdowns may trigger massive selling. Oil Chart Analysis Oil/USD- 15 min time frame On the 8th November 2024 trading session, oil tanked…
The Japanese yen is in negative territory on Tuesday. In the North American session, USD/JPY is trading at 154.44 up 0.46% on the day. No clarity from BoJ summary of opinions The Bank of Japan summary of opinions indicated a lack of clear direction regarding the timing of a rate hike. This will leave traders…
Forex Trading Tip: How to Use Retracements to Your Advantage Retracements are a necessary evil. They are a market’s mechanism to shake out weak longs or shorts when positions get too over extended on one side or the other.’ Why retracements are important As noted in Why Retracements Work and How to Use…
Forex Trading Tip: How to Use Retracements to Your Advantage – Forex Forum November 12, 2024 /Posted byGVI Forex / 229 / …
The Japanese yen is in negative territory on Tuesday. In the North American session, USD/JPY is trading at 154.44 up 0.46% on the day. No clarity from BoJ summary of opinions The Bank of Japan summary of opinions indicated a lack of clear direction regarding the timing of a rate hike. This will leave traders…
At the end of Monday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) gained 0.10%. The NASDAQ Technology Index (US100) was down 0.05%. Stocks traded mixed on Monday, with the S&P 500 and Dow Jones Industrials setting new all-time highs. The broad market continued last week’s post-election gains on speculation…
Prior was -7.0% (revised to -6.3%) Non-residential permits +18.0% to C$5.2B Residential permits +7.5% to C$7.7B Details: &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″> Ontario (+25%) leads gains in both residential and non-residential sectors Institutional building booming: +85.9% m/m, driven by healthcare facilities Gains in the institutional component (+$824.9 million). However, industrial (-$17.6 million) and commercial (-$9.9…
EURUSD Succumbs to Seller Dominance The EURUSD pair faces consistent bearish pressure around the critical 1.06610 level, entrenched in a downward trend as sellers hold control. This trend is largely driven by a strengthening US dollar amid a risk-off market sentiment and a softening Euro. EURUSD Market Levels: Resistance Levels: 1.08000, 1.07400 Support Levels: 1.06610,…
🚀 **FTMO Free Trial Challenge Results for Quantum EA!** 🚀 I recently tested Quantum trading robot on a $50K FTMO demo account, and here’s how it performed over the 9 trading days! **Summary of Results:** Total Profit: $1,188.54 (2.37%) Win Rate: 69.23% Total Trades: 13 Average Profit per Winning Trade: $592.21 Average Loss per Losing…