FX Watch: USD/JPY’s Potential Reversal In Case Of A Strong U.S. GDP Release
USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend?
USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend?
The gold outlook remains slightly deteriorated after a 4% plunge in a single session amid profit-taking. The structural demand for gold stays intact, with institutional targets set at $6,200 by mid-2026. Gold’s path could be bumpy depending on US macroeconomic data releases. Gold has been experiencing increased volatility after breaking the $5,500 barrier. The metal…
2024.11.01 2024.11.01 EURUSD: Elliott wave analysis and forecast for 01.11.24 – 08.11.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0763 with a target of 1.0990 – 1.1043. A buy signal: if the price holds above 1.0763. Stop Loss: below…
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In the video above, I take a deep dive into some of the major currency pairs from a technical perspective as the week comes to a close and the new week and month starts. In the video, I take a look at the: EURUSD GBPUSD USDJPY USDCHF USDCAD and AUDUSD Prepare for the new week…
The New Zealand dollar has started the new trading week with strong gains. NZD/USD is up 0.55% today, trading at 0.6191 in the European session at the time of writing. NZ Services PMI improves New Zealand’s services sector hasn’t shown growth in sixth months but there was a bit of positive news today as the…
Hello traders, In today’s trading session,i traded forex markets using the Supply Demand EA ProBot. My strategy was based on the new “Automated Direction” feature. When price touches a Supply Zone EA has an algorithm to automatically decide if it will place a short trade and when price touches a Demand Zone ea decides if…