After a brief correction, the US dollar is back on an upward trajectory. The GBP/USD pair has fallen to 1.2600, USD/CAD has bounced from 1.3940 and is heading towards 1.4000, while EUR/USD is approaching 2023 lows. USD/CAD At the start of the trading week, dollar buyers managed to push USD/CAD up to 1.4100. However, the…
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be…
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The TwinSync EA is an innovative Expert Advisor (EA) designed for pair trading in the forex market. This EA compares two instruments (currency pairs or assets) and identifies divergences in their movements. It capitalizes on this divergence by opening opposite positions and closing them once convergence is achieved, securing a profit. This review delves deep…
2024.11.22 2024.11.22 Forex Takes Trump’s Statements Too Seriously. Forecast as of 22.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s selection of nominees for his administration suggests that the proposed tariffs on trade will not be as significant as previously indicated by the President-elect. Will a more measured approach to protectionism lead to a rebound in the EURUSD exchange…
Today is the Flash PMIs Day for the Eurozone, the UK and the US. We will also get the Canadian Retail Sales and the Final UMich Consumer Sentiment data although they are unlikely to be market moving. Eurozone Manufacturing PMI: 46.0 expected vs. 46.0 prior. Eurozone Services PMI: 51.6 expected vs. 51.6 prior. UK Manufacturing…
EURUSD: Friday’s PMI releases will dominate at the end of the week. EUR/USD declined further on Thursday, continuing to lose weight in the near term and falling to its lowest levels since November 2023. All but one of the last eight trading weeks have been in negative territory, and it appears that the exchange rate…
USDJPY: Higher market sentiment and rising US bond yields are limiting the rise of the low-yielding yen. The US Dollar is holding near its highest level in the last year and is providing support to the USD/JPY pair. The Japanese Yen (JPY) attracted buying for the second day in a row following the release of…
GBPUSD: The pound sterling gave up ground on the back of a poor British news calendar. Pound traders are expecting a tight data schedule on Friday. GBP/USD lost another four-tenths of a percent on Thursday, hitting six-month lows, as underlying weakness in the pound sterling leads the pair further down against the US dollar. Market…
The USDJPY pair flashes a bullish pattern.Buyers remain dominant in the market. USDJPY Weekly Price Analysis – November 22 At the moment, the USDJPY pair is gaining momentum as it flashes a bullish pattern, showing potential for further gains. The price may surge to break up the $161.95 high mark if the bulls could add…