Gold – 24.09.2024 – Orbex Forex Trading Blog

The EUR/USD currency pair is currently encountering a significant resistance level within a falling price channel on the 4-hour chart. As traders observe market movements, it’s essential to note that as long as this channel resistance remains intact, the recent bounce from the 1.0496 level may simply be viewed as a consolidation phase within the…

the Imbalance MT5 indicator identifies price zones where buying and selling activity is uneven. These “imbalances” occur when one side dominates, creating gaps or rapid price moves that often leave clusters of unfilled orders. Technically, the indicator scans historical price bars to detect sudden movements without significant counteraction. It marks these zones visually on the…

The combination of Ichimoku Cloud and Hull Moving Average (HMA) stands out for its comprehensive analysis and timely signals. Originating from Japan, the Ichimoku Cloud, or Ichimoku Kinko Hyo, offers traders a holistic view of market dynamics through its unique set of indicators. The Kumo (cloud), Senkou Span lines (leading spans), Tenkan Sen (conversion line),…

Forex traders must keep up with endless news that affects currency markets. The forex market operates 24/5. This means staying informed is key. Economic data releases can cause big price swings, over 100 pips in minutes. Many traders find it hard to understand and use this news well. This can lead to missing chances or…

Donald Trump dreams of a 1% federal funds rate, a weak dollar, and new stock index records. To do this, the US president intends to fill the FOMC with “pigeons” led by the new Fed chairman. However, in fact, the titanic efforts of the owner of the White House can bring exactly the opposite result….