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USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rise from 145.47 extended through 149.12 resistance last week. The development confirmed that correction from 150.90 has completed at 145.47 and rise from 139.87 should be resuming. Initial bias stays on the upside for retesting 150.90 first, and break there will 151.22 fibonacci level. On the downside, below 148.89 will turn intraday bias neutral…
GBP/USD: trading plan for the US session on June 5th (analysis of morning deals). Sellers managed to protect 1.2779, but
In my morning forecast, I drew attention to the level of 1.2779 and planned to make market entry decisions based on it. Let’s look at the 5-minute chart and see what happened. The rise and formation of a false breakout there led to a sell signal, but after moving down by 12 points, the pressure…
Pi Cycle Top MT5 Indicator – ForexMT4Indicators.com
The Pi Cycle Top Indicator is a technical analysis tool that traders use to identify possible market tops, particularly in cryptocurrency markets like Bitcoin. It got its name from the mathematical constant Pi (3.14), which plays a role in how the indicator calculates its signals. The indicator works on the MetaTrader 5 (MT5) platform, making…
ADX DMI Indicator MT4 – ForexMT4Indicators.com
ADX stands for Average Directional Index. DMI stands for Directional Movement Index. They’re two components of the same system, developed by J. Welles Wilder and introduced in his 1978 book New Concepts in Technical Trading Systems. On an MT4 chart, the indicator plots three lines: the +DI line, the –DI line, and the ADX line…
What Is a Symmetrical Triangle Pattern? | FXOpen
In technical analysis, a symmetrical triangle is one of the most popular tools traders use to analyse a price direction. It’s a bilateral formation, meaning it provides buy and sell signals. This is the biggest challenge for traders. In this FXOpen article, we will try to explain how to read and use the symmetrical triangle…
Forex News Releases Schedule | Economic Calendar Breakdown
Many traders struggle to keep up with market-moving news. The forex market reacts fast to economic data releases. Our Forex News Releases Schedule helps you stay ahead. Get ready to boost your trading game. Key Takeaways Economic calendars list key financial events from January 18th to 21st, 2025, helping traders plan forex moves. High-impact events…
