The WTI crude oil futures contract has broken out above the resistance of the falling price channel visible on its 4-hour chart. Following the bullish breakout, the commodity is now facing a key test at the 80.04 resistance level. Potential Bullish Reversal Signal A breakthrough of the 80.04 resistance would likely indicate that the recent…
The ever-shifting tides of the financial markets can be daunting for new traders. Navigating the sea of charts and indicators can feel overwhelming, leaving you wondering where to begin. But fear not, intrepid explorer! Today, we’ll delve into a powerful tool that can simplify your technical analysis and potentially illuminate profitable trading opportunities – the…
The post Eco Data 5/29/24 appeared first on Action Forex. Source link
The D2T/USD market has experienced a continuous struggle between bulls and bears, with the critical $0.003 price point serving as a significant resistance barrier. Despite multiple attempts by the bulls to break through, the bears have maintained control, keeping the majority of price movements below this crucial level. Nevertheless, the bulls have managed to uphold…
Minions Labs’s Multi Asset Monitor Panel DEMO version When you download the “FREE DEMO” from the indicator page of MQL5.com website you can only test the indicator in a BACKTEST environment and over a couple of Symbols, not on REAL or DEMO live accounts and over the Symbol you want to trade. This doesn’t make…
Ryan Salame, once a high-ranking executive at the cryptocurrency exchange FTX, has been sentenced to more than seven years in prison for fraud charges and conspiracy to operate unlicensed money-transmitting business, the Financial Times reported. Ryan Salame, aged 30, pled guilty to election fraud charges and conspiracy to operate an unlicensed money-transmitting business. His crimes…
© 2024 Myfxbook Ltd. All Rights Reserved. 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…
By Karen Brettell (Reuters) -The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions. The Treasury Department saw soft demand for sales of two-year and five-year notes. They came after data showed that U.S. consumer confidence unexpectedly improved in May after deteriorating for…
How NOT to Get in Too Early Trading Divergences You may have your finger on the button ready to place a trade the moment that you believe you see a trading divergence appear on your screen. While it may be tempting to want to pull the trigger as soon as you believe a divergence…
In the last five hours, US 10-year yields have swung nearly 10 basis points higher. It’s an ugly turn in fixed income after a strong start and was driven by a handful of factors: The two-year note auction tailed by a full basis point despite a decent concession shortly before The selling continued after the…