USD/JPY is currently testing the 147.34 resistance level, a critical point that could determine the pair’s next move. Potential Scenarios Bullish Breakout: If the price breaks above the 147.34 resistance, it could trigger a further rally, with the next target being the 149.36 resistance level. Support Levels to Watch: Initial support is at 146.55. A…
Imagine a dynamic channel plotted on your trading chart, constantly adapting to market volatility. That’s the essence of ATR Channels! This technical indicator utilizes the Average True Range (ATR), a volatility measure, to construct upper and lower bands around a chosen moving average. As market volatility fluctuates, these bands expand and contract, visually depicting potential…
Welcome to the introduction of my Expert Advisor (EA), which I’ve named Mean Machine G P T. Let me walk you through the thought process behind this name and the intricate workings of this powerful tool. Why “Mean Machine G P T”? The name is quite deliberate. The term “mean” refers to the mean reversion…
The U.S. dollar saw a modest decline but stayed close to its nearly two-week high, with investor attention turning to the forthcoming U.S. jobs report expected at the week’s end. At 18:40 EST (22:40 GMT), the was down 0.1% at 101.64. The was little changed at 1.1070. The report, set to be released on Friday,…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Gold prices fall during a quiet North American session with US markets closed for Labor Day. Upcoming US economic reports — ISM PMIs, JOLTS job openings, ADP Employment Change, and Nonfarm Payrolls — set to influence Fed rate decision. Fed Chair Powell at Jackson Hole noted that inflation was easing but increasing employment risks, raising…
The GBP/USD market rebounded downward after price action climbed to a multi-month high the previous week. The rebound stems from the upbeat US economic data released during the first half of the week. However, the new week has started, and the US side of the market isn’t providing further stimuli due to the Labor Day…
CrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. CrowdStrike (CRWD) July 2021 Daily Chart The chart above shows the daily view that we forecast 3 years ago. We were expecting to end an very important market cycle in the blue box area between 303.60…
Forex4you closed its representative office in Minsk, shrinking the number of licensed forex firms in Belarus to just six. This closure was also accompanied by the suspension of forex4you.by website, amid Belarus’s challenges in the forex market. According to an exclusive report by FinanceMagnates RU, the Belarusian forex scene has experienced a substantial decline over…
Keir Starmer has criticised a Labour MP who has been accused of renting out flats with black mould and ant infestations, calling the conditions “unacceptable”. The prime minister addressed the accusations against Jas Athwal, the MP for Ilford South, on Monday after a report by the BBC quoted several of his tenants complaining about the…