With expectations of a lower volatility week, our strategists slowed it down a bit with only two forex discussions, surrounding the Australian CPI release. Out of the two discussions, one scenario/price outlook forecasts saw both fundie & technical arguments triggered to become a potential candidate for a risk management overlay. Check out our review on…
How to set Montecarlo EA This is an EA that operates 6 logics (TYPE A to TYPE F) on multiple currency pairs. So it needs to be applied to 19 charts. The setting method is described below. １．Setting method of TYPE Please set each EA to the following currency pairs and time frames. There…
EUR/USD: Awaiting a Turbulent Week Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence Index (from 97.5 to 102.0 against a forecast of 96.0). Consequently, EUR/USD moved southward. Pressure…
In recent developments within the D2T/USD market, the bulls have gained an upper hand over the bears following a prolonged tug-of-war just below the $0.003 price level. Toward the end of May, the market experienced a significant breakout accompanied by a surge in volatility. The bulls capitalized on this increased volatility to establish a higher…
The 3 Fundamental Rules of the Elliott Wave Theory Elliott Wave Theory relies on people being able to identify waves in the charts. There is no surprise there. However, there are three immutable rules that you must never forget when you are trading using the Elliott Wave Theory. The Rules Follow…
Introducing the first forex advisor using AI with GPT-4o that actually applies it in trading, not just in words. I’d like to write a little more detail about what the GPT-4o model includes. GPT-4o: next-generation AI The main event of the day was the announcement of the new flagship model GPT-4o. OpenAI CTO, Mira Muratti,…
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Maximizing Bitcoin Trading with the Bitcoin Expert Advisor Introduction: In the dynamic world of cryptocurrency trading, staying ahead of the curve is paramount. To streamline your Bitcoin trading experience, the Bitcoin Expert Advisor emerges as a robust tool designed to capitalize on market momentum while mitigating risks. This comprehensive guide delves into the functionalities, setup…
© 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…
In late 2019, Juventus launched the world’s first blockchain-based fan token, promising a revolution in fan engagement. Fast forward to today, and every single fan token has experienced extreme volatility with prices mostly plummeting. This is not just a financial accident; it is a fundamental design failure. As we navigate through the aftermath, a new…