GBPAUD – 8 Dec 2023
GBPAUD 8 Dec 2023 on the Weekly timeframe, it can be seen that the pair is still holding above the kumo cloud on the ichimoku indicator despite being in a sideways moving. Being at the price position of 1.90319 the pair is still unable to continue a significant bullish trend. If referring to the MACD […]
China’s Trade Balance Surplus Rises
China’s Trade Balance Surplus Rises. China’s trade balance surplus widened again in November 2023, driven by an increase in exports for the first time in six months and shrinking imports. According to Chinese customs data on Thursday (7/12/2023), the trade balance surplus grew to US$68.39 billion in November 2023 from $56.53 billion in the previous […]
EURCHF – 7 dec 2023
EURCHF 7 dec 2023 on the Daily timeframe, looks like the pair is still bearish since the end of last month. Down through S1 to S2 and below the kumo cloud on the ichimoku indicator, the pair is still unable to reverse the trend. However, it looks like the pair is trying to initiate the […]
Bitcoin Price Soars Through 43,692 USD
Bitcoin Price Soars Through 43,692 USD. The price of Bitcoin in global crypto market trading was reported to be bullish, rising 12.96 percent to reach the level of 43,692 US dollars. This spike was even recorded as the highest ever achieved by Bitcoin during trading in 2023, after last month, on October 11 2023, Bitcoin […]
AUDUSD – 6 Dec 2023
AUDUSD 6 Dec 2023 on the Daily timeframe. The pair was seen successfully rising through S1 in the middle of last month before dropping back down after briefly occupying the price of 0.66747. Despite falling back towards S1, the pair was able to reverse the trend to initiate bullishness. If referring to the stochastic indicator, […]
Moody’s Cuts China Bond Outlook
Moody’s Cuts China Bond Outlook. China increases its support for the yuan through its daily reference rate. This was done because market sentiment was hit after Moody’s Investors Service cut the country’s credit prospects. China’s central bank (PBOC) set the daily reference rate at 7.1140 per US dollar, versus the average estimate of 7.1486 in […]
USDJPY – 5 Dec 2023
USDJPY 5 Dec 2023 on the Daily Timeframe, it appears that this pair has decreased after touching the 100.0 Fibo level last month. It has been bearish for quite a long time until today although it has tried to initiate bullish several times but has not succeeded. If this pair continues the bearish trend that […]
Crypto Company Shares Soar as Bitcoin Prices Rise
Crypto Company Shares Soar as Bitcoin Prices Rise. Stocks related to cryptocurrencies listed in the United States (US) soared on Monday (4/12/2023) when Bitcoin broke its highest level of 40,000 US dollars. Shares of companies whose fortunes are tied to cryptocurrencies have rallied in recent weeks, driven by optimism about potential interest rate cuts in […]
GBPUSD – 4 Dec 2023
GBPUSD 4 Dec 2023 on the Daily timeframe. The pair looks successful to rally and break the kumo cloud on the ichimoku indicator. It is at a price position of 1.26763 after experiencing a bullish trend in the previous few sessions. However, it appears that a bearish trend signal is occurring on the candlestick chart. […]
Oil Prices Stable Amid OPEC+ Meeting Results
Oil Prices Stable Amid OPEC+ Meeting Results. Oil prices have stabilized after slumping on Thursday (30/11/2023) following the OPEC+ meeting which promised further production cuts. The price of West Texas Intermediate (WTI) oil for the January 2024 contract weakened -0.17% or -0.13 points to US$75.83 per barrel. Meanwhile, the benchmark Brent oil price for the […]
EURUSD – 1 Dec 2023
EURUSD on H4 timeframe. This pair is still seen ranging between R1 and R2. Had experienced bearish at the close of last month, then bounced back up after touching R1. located at a price position of 1.09090 after previously having been at a price position of 1.08849 after experiencing the last bearish. Although it had […]
American Economy Grows in Quarter III/2023
American Economy Grows in Quarter III/2023. The United States (US) economy apparently grew faster than initial estimates or reached 5.2% in the third quarter of 2023. Uncle Sam’s country’s economic growth rate is the fastest in almost two years. However, US economic growth momentum has waned as higher borrowing costs limit hiring and public spending. […]
USDSEK – 30 Nov 2023
USDSEK 30 Nov 2023 on Daily timeframe. It can be seen that this pair has continued to experience a decline in price since the end of last month after touching the resistance line. It fell and weakened from the price position of 11.17703 until now this pair is at the price position of 10.36220 after […]
OECD Projections for Global Economy to Slow to in 2024
OECD Projections for Global Economy to Slow to 2.7% in 2024. The Organization for Economic Cooperation and Development (OECD) estimates that global economic growth will slow down in 2024. The OECD estimates that the risk of a hard landing in the global economy has subsided even though debt levels remain high and interest rate uncertainty […]
BTCUSD – 29 Nov 2023
BTCUSD 29 Nov 2023 on Daily timeframe. This crypto still continues to be in a good trend even though in some sessions it has decreased, but that does not affect its position. Continuing to strengthen since last month, this crypto is now able to occupy a price position of 37954.54. Being well above the kumo […]
The Fed’s Interest Rate Forecasted To Be High
The Fed’s Interest Rate Forecasted To Be High. Economists predict that the reduction in inflation in the United States (US) that the Federal Reserve (The Fed) wants will occur more slowly, so that the phenomenon of high interest rates will occur for a longer time or higher for longer. Economists raised their projections on the […]
USOUSD – 28 Nov 2023
USOUSD 28 Nov 2023 on Weekly timeframe. Oil looks still unable to break out from inside the kumo cloud on the ichimoku indicator. Experiencing bearish from the last few sessions, oil now occupies a price position of 75,160 after having reached its highest price in August at 91,096. Although it continued to experience a bearish […]
Chinese Industrial Profits Rise
Chinese Industrial Profits Rise. Chinese industrial firms’ profits continued to rise for a third straight month in October 2023. This added to signs the economy is stabilizing after a series of mostly upbeat data showed support measures have helped strengthen an uncertain recovery. The 2.7% annual increase comes after an 11.9% increase in September 2023 […]
EURNZD – 27 Nov 2023
EURNZD 27 Nov 2023 on the weekly timeframe. It can be seen that this pair still manages to maintain its position above the kumo cloud on the ichimoku indicator. Despite moving sideways between R1 and R2, the pair has not experienced a significant bearish trend that makes its position drop through R1. It is at […]
ECB Interest Rate Hikes Could Stop for a Moment
ECB Interest Rate Hikes Could Stop for a Moment. President of the European Central Bank (ECB) Christine Lagarde said that the bank was at the point where the increase in the benchmark interest rate could pause and assess the impact of tightening the policy. The ECB kept interest rates on hold last month, saying they […]
EURCHF – 24 Nov 2023
EURCHF 24 Nov 2023 on the Weekly timeframe, the pair is still moving sideways between the S1 and S2 ranges. It has not managed to rise through the 23.6 Fibo level and is at a price position of 0.96399. Although it had experienced a bullish trend in the previous sessions, the pair had to experience […]
China Calls for Economic Growth Target of 4.5%-5.5%
China Calls for Economic Growth Target of 4.5%-5.5%. Chinese government advisers will recommend an economic growth target next year of between 4.5%-5.5% at an annual meeting of policymakers. Five of seven advisers said they favored a target of around 5%, in line with targets for this year. One advisor will suggest a target of 4.5% […]
UKOUSD – 23 Nov 202
UKOUSD 23 Nov 2023 on the Weekly timeframe, looks like this commodity still hasn’t managed to break S1. It is still between S1 and S2, below the 23.6 Fibo level and occupies a price position of 81,110 after being bearish in the previous session. When referring to the stochastic indicator, it appears that it has […]
ECB Governor Says War Against Inflation Is Not Over Yet
ECB Governor Says War Against Inflation Is Not Over Yet. European central bank (ECB) governor Christine Lagarde said it was too early to declare victory over inflation. She also emphasized the need for clarity in the direction of fiscal policy to determine monetary policy. Lagarde, who was France’s finance minister during the major financial crisis, […]
The Future of AI in Forex TradingÂ
The Future of AI in Forex Trading The world of Forex trading is undergoing a seismic shift with the advent of Artificial Intelligence (AI). As technology continues to evolve, AI is becoming an increasingly integral part of trading strategies, risk management, and decision-making processes. This article aims to explore the future of AI in Forex […]
Trading with the On-Balance Volume Indicator
Trading with the On-Balance Volume Indicator The On-Balance Volume (OBV) Indicator is a powerful tool used in technical analysis to gauge the flow of trading volume in relation to price movements. Developed by Joe Granville in 1963, the OBV indicator helps traders understand market sentiment and identify potential reversals or trends. This article aims to […]
USDSGD – 22 Nov 2023
USDSGD 22 Nov 2023 on the Daily timeframe. This pair has still not managed to reverse the bearish trend that has occurred since the beginning of the month. Down through the kumo cloud after previously initiating bullish to go up but failed. If you look at the movement of this pair where the candlestick has […]
The Fed Office Agrees to Cautiously Raise Interest Rates
The Fed Office Agrees to Cautiously Raise Interest Rates. Officials who determine the policy of the United States central bank or Federal Reserve (The Fed) agreed to be careful about continuing to increase the benchmark interest rate in the future. Minutes of the Fed’s Federal Open Market Committee (FOMC) meeting on October 31 – November […]
XAUUSD – 21 Nov 2023
XAUUSD 21 Nov 2023 on H1 timeframe. It can be seen that gold continues to experience a good bullish trend since yesterday. Being below the kumo cloud on the ichimoku indicator when initiating bullishness at the price position of 1970.19, now this commodity managed to get above the kumo and managed to occupy the price […]
The Fed Will Hold Its Benchmark Interest Rate
The Fed Will Hold Its Benchmark Interest Rate. United States (US) central bank officials, namely the Federal Reserve or The Fed, appear to be giving a signal to hold the benchmark interest rate because they are waiting for more evidence that inflation in the United States (US) is cooling. San Francisco Fed President Mary Daly […]
How to Use Blockchain Technology for Trading SecurityÂ
How to Use Blockchain Technology for Trading Security In the fast-paced world of trading, security is a paramount concern. With the increasing number of cyber-attacks and data breaches, traders are constantly seeking innovative ways to secure their transactions and data. One technology that has been making waves in the financial industry is blockchain. Originally designed […]
How to Use the Money Flow Index for Trading
How to Use the Money Flow Index for Trading The Money Flow Index (MFI) is a versatile indicator that measures the flow of money into and out of a security over a specific period. Often likened to the Relative Strength Index (RSI), the MFI is a valuable tool for identifying overbought or oversold conditions in […]
USDJPY – 20 Nov 2023
USDJPY 20 Nov 2023 on the Daily timeframe. This pair seems to continue a good trend, experiencing bullish since the beginning of the month until it touched the 151.772 price position before finally bouncing down. Experiencing bearish after touching the resistance line, but the pair is still seen above the kumo on the ichimoku indicator. […]
PBOC Holds Interest Rates on Chinese Loans
PBOC Holds Interest Rates on Chinese Loans. China kept its benchmark lending rate in line with estimates, as a weak yuan continued to limit further monetary easing. The central bank is also waiting to see the effect of previous stimulus on credit demand. The People’s Bank of China (PBOC) kept the one-year loan prime rate […]
The WIKI Finance Expo Sydney 2023
The WIKI Finance Expo Sydney 2023 The Wiki Finance Expo held in Sydney in 2023 concluded with resounding success, marking a pivotal moment in the finance and business sectors. Fortune Prime Global (FPG) played a key role in the event, showcasing their cutting-edge financial technologies and innovative solutions at the Grand Ballroom of the Fullerton […]
USDSGD – 17 Nov 2023
USDSGD 17 Nov 2023 on H1 Timeframe. After experiencing a significant drop three days ago the pair continues to move sideways until now. Being below the kumo on the ichimoku indicator, it occupied the price position of 1.34807 after trying to initiate a bullish trend. If the pair manages to continue the bullish trend in […]
US and China Still in Competition
US and China Still in Competition. United States (US) President Joe Biden met with Chinese President Xi Jinping in Woodside, California, on Thursday (16/11/2023). Quoting the White House’s official statement on Wednesday (11/15/2023), the two leaders were said to have had open and constructive discussions. Meanwhile, both of them touched on various bilateral and global […]
Trading with the Accumulation/Distribution Line
Trading with the Accumulation/Distribution Line The Accumulation/Distribution Line (A/D Line) is a powerful indicator used by traders to identify the flow of money into or out of an asset. It provides insights into buying and selling pressure, helping traders make informed decisions. This article aims to guide you through the basics of the A/D Line, […]
NZDUSD – 16 Nov 2023
NZDUSD 16 Nov 2023 on Daily Timeframe. It can be seen that this pair is still unable to get out of the kumo cloud and penetrated S1. after experiencing a significant bullish, starting from the position of 0.58765 this pair briefly touched S1 at the price position of 0.60545 before finally bouncing back down. If […]
Oil Prices Remain Stable
Oil Prices Remain Stable. Oil prices stabilized after a short-term rally as the market digested differences in views on the supply and demand outlook between IEA and OPEC data. Industry reports also show an increase in stocks in the United States (US). The price of West Texas Intermediate (WTI) oil for the December 2023 contract […]
USDCNH – 15 Nov 2023
USDCNH 15 Nov 2023 on Daily Timeframe. After moving sideways between the R1 and R2 ranges for quite some time, this pair experienced a bearish trend that made it go down to break the R1. It was at a price position of 7.30646 at the end of last week and now occupies a price position […]
Wall Street’s Major Stocks Rise
Wall Street’s Major Stocks Rise. Wall Street’s main stock indexes rose on Tuesday on lower-than-initial inflation data. This raises expectations that the Federal Reserve or The Fed’s high interest regime is over and could start cutting it next year. The S&P 500 (.SPX) and Nasdaq (.IXIC) indexes opened at their highest level in the last […]
Understanding the AUD to GBP Exchange Rate HistoryÂ
Understanding the AUD to GBP Exchange Rate History The historical exchange rates gbp to aud encapsulate a complex narrative of economic strength, policy shifts, and international trade relations. This intricate history is not merely academic; it’s a vital tool for financial analysis and decision-making. When we explore the aud to gbp exchange rate history, we’re […]
How to Use the CCI (Commodity Channel Index) in Trading
How to Use the CCI (Commodity Channel Index) in Trading The Commodity Channel Index (CCI) is a versatile indicator that has found its application not just in the commodity markets but also in equities, currencies, and more. Developed by Donald Lambert, the CCI measures the variation of a financial instrument’s price from its statistical mean. […]
GBPAUD – 14 nov 2023
GBPAUD 14 nov 2023 on the H1 timeframe. The pair is still rallying up since its last low on the first weekend of this month at 1.90476. With kumo as support, the pair continues to hold above the kumo cloud on the ichimoku indicator. Despite being on a good bullish trend until now occupying the […]
Janet Yellen Visits China Again Next Year
Janet Yellen Visits China Again Next Year. United States (US) Treasury Secretary Janet Yellen will visit China in 2024 at the invitation of her counterpart, along with two officials from that country’s largest economy. This visit was to improve and repair strained relations. Janet Yellen Visits China Again Next Year. Yellen said she welcomed his […]
EURCHF – 13 Nov 2023
EURCHF 13 Nov 2023 on Weekly timeframe. This pair looks still unable to break back through S1. Still below the kumo cloud on the ichimoku indicator indicates that bearishness is still experienced by this pair. Although it seems that this pair has initiated bullish since last week, If this pair is able to continue the […]
Joe Biden and Xi Jinping to Meet in the US
Joe Biden and Xi Jinping to Meet in the US. The White House revealed that issues related to the US-China military will be a priority for discussion at the meeting of United States (US) President Joe Biden and Chinese President Xi Jinping which will be held on November 15 2023. United States National Security Advisor, […]
Understanding the Heikin-Ashi Candlestick
Understanding the Heikin-Ashi Candlestick In the world of trading, understanding various chart patterns and indicators is crucial for making informed decisions. One such powerful tool that has gained popularity among traders is the Heikin-Ashi Candlestick. This article aims to provide a comprehensive guide on what Heikin-Ashi Candlesticks are, how they differ from traditional candlesticks, and […]
AUDUSD – 10 Nov 2023
AUDUSD 10 Nov 2023 on the Daily timeframe. The pair has been moving sideways for quite some time under the Kumo cloud on the Ichimoku indicator. Ranging between S1 and S2, but the pair is still unable to rise further through S1 and past Kumo. Although it was quite bullish at the end of last […]
The Fed will not hesitate to raise interest rates if necessary.
The Fed will not hesitate to raise interest rates if necessary. Federal Reserve (The Fed) Governor Jerome Powell said that the United States (US) central bank would continue to act cautiously, but would not hesitate to raise interest rates if necessary to control inflation. Powell expressed this in his opening speech for a panel discussion […]
Trading with the Donchian Channel
Trading with the Donchian Channel The Donchian Channel is a versatile indicator that has stood the test of time. Developed by Richard Donchian, often considered the father of trend following, this indicator is primarily used to identify the volatility and price levels of a particular asset. If you’re looking to add a new tool to […]
EURUSD – 9 Nov 2023
EURUSD 9 Nov 2023 on H4 timeframe. The pair was seen to have been bearish at the opening of this month after successfully touching R2. Down from the price position of 1.07465 to the price of 1.06646, now the pair has managed to rise after the previous session touching R1 and occupying the price position […]
US Urges China to Be More Transparent in Yuan Exchange Rate Policy
US Urges China to Be More Transparent in Yuan Exchange Rate Policy. The United States (US) Treasury Department again called for greater transparency in how China carries out its yuan exchange rate policy. In its semi-annual foreign exchange report released on Tuesday (7/11/2023), covering the four quarters to June 2023, the Treasury Department called for […]
How to Use the TRIX Indicator for Trading
How to Use the TRIX Indicator for Trading The TRIX Indicator, short for Triple Exponential Moving Average, is a momentum oscillator used by traders to identify potential price reversals, confirm trends, and generate trading signals. This article aims to provide a comprehensive guide on how to use the TRIX Indicator for trading, covering its basics, […]
USDCNH – 8 Nov 2023
USDCNH 8 Nov 2023 on Daily Timeframe. It can be seen that the pair is experiencing a fairly long sideways movement between the R1 and R2 ranges. Although the pair had experienced bearish at the beginning of this month and was within the kumo cloud on the ichimoku indicator, the pair has managed to survive […]
IMF Raises China’s Economic Outlook until 2024
IMF Raises China’s Economic Outlook until 2024. The International Monetary Fund (IMF) raised its projections for China’s annual economic growth in 2023 and 2024, as it recorded a stronger performance than expected in the third quarter of 2023. China is also implementing various policies to support recovery. According to the Article IV Mission report released […]
USDJPY – 7 Nov 2023
USDJPY 7 Nov 2023 on the H1 timeframe. This pair shows a pretty good chart after previously experiencing bearish at the beginning of this month. Continuing to strengthen since last week at 149.308 now the pair has managed to occupy a price position of 150.225 after successfully breaking the 38.2 Fibo level. Referring to the […]
China Promises to Expand Market Access and Increase Imports
China Promises to Expand Market Access and Increase Imports. Chinese Premier Li Qiang promised that his country would expand access to markets and increase imports which have sagged this year. Meanwhile, the promise to increase imports comes at a time when China’s economy is experiencing a slowdown and has hurt demand for goods from China. […]
Understanding the Euro to Australian Dollar Historical Exchange RateÂ
Understanding the Euro to Australian Dollar Historical Exchange Rate The relationship between the Euro (EUR) and the Australian Dollar (AUD) is a fascinating study in international finance, reflecting the economic dynamics between Europe and Australia. Investors, traders, and economists keep a close eye on the historical exchange rates between these two currencies to understand trends, […]
The Hidden Secrets of the ADX Indicator
The Hidden Secrets of the ADX Indicator The Average Directional Index (ADX) is a widely used technical indicator that measures the strength of a market trend. While many traders are familiar with its basic applications, the ADX holds several hidden secrets that can provide valuable insights into market behavior. This article aims to unveil these […]
GBPUSD – 6 Nov 2023
GBPUSD 6 Nov 2023 on the Dual timeframe. This pair managed to break S1 at the end of last week after previously being in a price position quite far from S1. Although it still shows a bullish trend, but if we refer to the stochastic indicator it appears that there has been saturation due to […]
China’s Foreign Trade Sluggish
China’s Foreign Trade Sluggish. Chinese Premier Li Qiang promised that his country would expand access to markets and be open to imported products. Mentioned in the report, Li vowed to protect the rights and interests of foreign investors in accordance with the law. Previously, criticism emerged after the measure of foreign investment into the world’s […]
EURCHF – 3 Nov 2023
EURCHF 3 Nov 2023 on the Daily timeframe, looks like this pair continues to experience a bullish trend since the last week of last month. Rise after breaking S2 and is now at a price position of 0.96219 after breaking S1 again. If this pair is able to continue the bullish trend towards R1 and […]
Janet Yellen Reassures US Position towards China
Janet Yellen Reassures US Position towards China. United States (US) Treasury Secretary Janet Yellen is trying to reassure Asian countries that the US approach towards China will not cause a ‘catastrophic’ split in the global economy, forcing them to take sides on one side. In a speech ahead of the Asia Pacific Economic Cooperation Summit […]
Trading with the Awesome Oscillator
Trading with the Awesome Oscillator The Awesome Oscillator (AO) is a technical indicator that measures market momentum. Created by Bill Williams, the AO is designed to show the difference between a 34-period and a 5-period Simple Moving Average (SMA) of the midpoint of a price bar. This article aims to provide a comprehensive guide on […]
USDSEK – 2 Nov 2023
USDSEK 2 Nov 2023 on the H4 timeframe. After being bearish in the previous session, the pair is trying to initiate a bullish trend when it hits R1. Being above the kumo cloud on ichimoku makes the kumo cloud a support to be able to reverse the trend, now the pair is at a price […]
The Fed Signals Dovish
The Fed Signals Dovish. Federal Reserve (The Fed) Chair Jerome Powell gave a dovish signal, namely that the most aggressive tightening cycle in four decades was over. The Fed has kept its benchmark interest rate stable for 22 years in the range of 5.25%-5.5% at its second meeting held on 31 October-1 November 2023. This […]
How to Use the Aroon Indicator for Trading
How to Use the Aroon Indicator for Trading The Aroon Indicator is a popular tool among traders for identifying the strength and direction of a trend. Developed by Tushar Chande in 1995, the Aroon Indicator helps traders understand when a new trend is likely to emerge and how strong it may be. This article aims […]
Advanced Arbitrage Strategies in Forex TradingÂ
Advanced Arbitrage Strategies in Forex Trading Arbitrage in Forex trading is a strategy that aims to exploit price discrepancies between currency pairs or related financial instruments. The basic idea is to buy low and sell high, but in a more sophisticated manner that involves multiple markets or trading platforms. While arbitrage is often considered a […]
USDSGD – 1 Nov 2023
USDSGD 1 Nov 2023 on H1 timeframe. It can be seen that the pair is moving sideways between S1 and R1. Although it is above the kumo cloud on the ichimoku indicator, if you refer to the stochastic indicator, it seems that there will be a bearish trend after the crossing of two moving averages […]
The Fed’s Interest Rate Projections
The Fed’s Interest Rate Projections. The Federal Reserve or The Fed is ready to maintain its benchmark interest rate stable at its highest level (higher for longer) in 22 years at its second meeting, namely 31 October – 1 November 2023. The Federal Open Market Committee (FOMC) is predicted to keep interest rates unchanged in […]
The Keltner Channel: A Comprehensive GuideÂ
The Keltner Channel: A Comprehensive Guide In the world of trading, understanding market volatility and price movements is crucial for success. One of the tools that traders often use to gauge these factors is the Keltner Channel. Developed by Chester W. Keltner in 1960, this technical indicator has stood the test of time and remains […]
XAUUSD – 31 Oct 2023
XAUUSD 31 Oct 2023 on the Daily timeframe. It can be seen that this commodity is quite far above the kumo after experiencing a long bullish run since last month. Having managed to occupy the 2009.44 price position, this gold is now at 1992.34 after experiencing a trend reversal in the previous session. If bearish […]
5 Global Commodities to Watch This Week
5 Global Commodities to Watch This Week. The global situation is filled with a number of events, including the Israel vs Hamas war, which influences the development of global commodity prices. Examples include Middle East tensions and unclear economic prospects affecting metal commodities. Meanwhile, the price of sugar futures contracts also experienced price increases due […]
Trading with the Alligator Indicator
Trading with the Alligator Indicator The Alligator Indicator is a powerful tool designed by legendary trader Bill Williams to help traders make more informed decisions. This indicator is particularly useful for identifying market trends and their direction. If you’re looking to add a new tool to your trading arsenal, the Alligator Indicator might be worth […]
Quantitative Models for Predicting Market TrendsÂ
Quantitative Models for Predicting Market Trends n the world of finance and trading, predicting market trends is akin to the Holy Grail. While no method can guarantee absolute accuracy, quantitative models have emerged as powerful tools for forecasting market behavior. These models use mathematical and statistical techniques to analyze historical data and various market variables, […]
NZDUSD – 30 Oct 2023
NZDUSD 30 Oct 2023 on Daily timeframe. The pair is still moving sideways below the kumo cloud as well as below S2. is at a price position of 0.58258 and is initiating a bullish trend. If this pair is able to continue bullish until it breaks S2, then go-long can be an option for traders. […]
Joe Biden and Xi Jinping Meeting Unlikely to be Easy
Joe Biden and Xi Jinping meeting unlikely to be easy. Chinese Foreign Minister Wang Yi said that the journey to the expected meeting between United States (US) President Joe Biden and Chinese President Xi Jinping would not be smooth. Biden and Xi are expected to meet at the Asia-Pacific Economic Cooperation meeting in San Francisco […]
How to Use the Gann Fan for Market Predictions: A Comprehensive GuideÂ
How to Use the Gann Fan for Market Predictions The Gann Fan is a popular technical analysis tool used by traders to predict future price movements and identify potential support and resistance levels. Developed by W.D. Gann, a renowned trader and market theorist, the Gann Fan has stood the test of time and remains a […]
How to Use Neural Networks for Forex Trading StrategiesÂ
How to Use Neural Networks for Forex Trading Strategies In the ever-evolving world of Forex trading, traders are constantly seeking innovative methods to gain an edge over the market. One such groundbreaking approach is the use of neural networks. Originating from the field of artificial intelligence (AI), neural networks aim to mimic the human brain’s […]
USDCNH – 27 Oct 2023
USDCNH 27 Oct 2023 on the Daily timeframe, the pair is still moving sideways above the kumo cloud on the ichimoku indicator. Occupying a price position of 7.32004 the pair is trying to initiate a bullish trend. Referring to the stochastic indicator, the moving average chart is showing a bullish signal. If the pair is […]
US Economy Surges 4.9% in Quarter III/2023
US Economy Surges 4.9% in Quarter III/2023. United States economic growth accelerated in the third quarter of 2023 at the fastest pace since the fourth quarter of 2021. Based on US government data released Thursday (26/10/2023), US gross domestic product (GDP) increased 4.9% in the third quarter of 2023 compared to the same period the […]
UKOUSD – 26 Oct 2023
UKOUSD 26 Oct 2023 on the weekly timeframe, it looks like this commodity is still ranging between S1 and R1. experiencing bearish in the previous session, this commodity is trying to initiate bullish after touching S1 to strengthen again towards R1. This is also reinforced by the stochastic indicator which shows strengthening on the chart. […]
WTI Oil Prices Weaken
WTI Oil Prices Weaken. Crude oil prices have declined for four consecutive days amid signs that the Israel vs Hamas war will remain under control for the time being. The price of West Texas Intermediate (WTI) oil for the December 2023 contract weakened 0.56% or 0.47 points to US$83.27 per barrel.Then, the price of Brent […]
The Art of Trading with Volume Indicators: A Comprehensive GuideÂ
The Art of Trading with Volume Indicators: A Comprehensive Guide Volume is often considered the lifeblood of the market. It provides traders with critical information about the strength or weakness of a price trend. While price action is crucial, understanding volume can offer an extra layer of sophistication to your trading strategy. This article aims […]
The Role of Big Data Analytics in Forex TradingÂ
The Role of Big Data Analytics in Forex Trading In the age of information, data is the new currency. As we move towards an increasingly digitalized world, the role of big data analytics in various industries has become undeniable. One such industry that has been profoundly impacted by the advent of big data is Forex […]
EURUSD – 25 Oct 2023
EURUSD 25 Oct 2023 on H4 timeframe. After experiencing bearish yesterday, today the pair was able to handle the situation and initiate a bullish trend after touching S1. Down from the price position of 1.06783 to 1.05861, now the pair has managed to try to get back up and occupy the price position of 1.06022. […]
World Bank Reveals Geopolitics as Major Challenge to Global Economy
World Bank reveals geopolitics as major challenge to global economy. World Bank President Ajay Banga said that geopolitical tensions were increasing and could become the biggest threat to the world economy. At an event at the annual Future Investment Initiative (FII) in Riyadh on Tuesday (24/10/23) he said that geopolitical tensions were increasing due to […]
Trading with the Parabolic SAR Indicator: A Comprehensive GuideÂ
Trading with the Parabolic SAR Indicator: A Comprehensive Guide The Parabolic SAR (Stop and Reverse) is a popular indicator used by traders to determine the direction of an asset’s momentum and the point in time when this momentum has a higher-than-average probability of changing directions. This article aims to provide a comprehensive guide on how […]
GBPUSD – 24 Oct 2023
GBPUSD 24 Oct 2023 on Daily timeframe. After being bearish until it was well below the kumo cloud on the ichimoku indicator, the pair seems to initiate a bullish trend after hitting the S2 line. If the bullish continues and manages to break S1 then go-long could be an option for traders. But stay aware […]
Bitcoin Jumps 10 Percent to Highest Level in 1.5 Years
Bitcoin Jumps 10 Percent to Highest Level in 1.5 Years, Bitcoin (BTC) prices rose about 10 percent to their highest level in 18 months as speculation about a possible Bitcoin exchange-traded fund increased enthusiasm for the sector and prompted short-sellers to exit their positions. The world’s largest cryptocurrency was last at 32,833 US dollars after […]
The Power of Divergence in Technical Analysis: A Comprehensive GuideÂ
The Power of Divergence in Technical Analysis: A Comprehensive Guide In the world of trading, technical analysis is a crucial tool that traders use to make informed decisions. One of the most potent concepts within technical analysis is “Divergence.” Understanding divergence can give traders a significant edge in predicting price reversals, thereby allowing for strategic […]
Advanced Portfolio Management Strategies for Forex TradersÂ
Advanced Portfolio Management Strategies for Forex Traders Portfolio management is an essential skill for any serious forex trader. While most traders focus on individual trades, the real professionals know that it’s the overall portfolio that matters. Advanced portfolio management goes beyond diversification and risk management; it involves a strategic alignment of various trading elements to […]
BTCUSD – 23 Oct 2023
BTCUSD 23 Oct 2023 on the daily timeframe. This crypto has been quite bullish since the middle of this month. Despite starting this month bearish, this crypto was able to reverse the trend and rose until it broke through R1 to R2. managed to occupy a price position of 30,710 after previously only being at […]
Bitcoin Price Hits $29,000
Bitcoin Price Hits $29000. Bitcoin trading over the last 24 hours was observed to experience a sharp spike, rising 1.60 to a price range of 29,481 US dollars on Saturday (21/10/2023). This price is the highest Bitcoin has ever achieved in the last 4 months, to be precise last July when Bitcoin was only able […]
How to Use Machine Learning Algorithms for TradingÂ
How to Use Machine Learning Algorithms for Trading The financial markets are a complex ecosystem where human intuition often falls short. With the advent of machine learning algorithms, traders now have a powerful tool to improve their decision-making processes. Machine learning can analyze vast amounts of data, recognize patterns, and even make predictions, offering traders […]
Understanding the Basics of Momentum Trading: A Comprehensive GuideÂ
Understanding the Basics of Momentum Trading: A Comprehensive Guide Momentum trading is a strategy that aims to capitalize on the continuance of existing trends in the market. The core idea is simple: buy assets that are trending up and sell those that are trending down. While the concept may sound straightforward, there are nuances to […]
GBPAUD – 20 Oct 2023
GBPAUD 20 Oct 2023 on the H1 timeframe. It appears that the pair has continued its bullish trend since bouncing back from the S1 line yesterday. Being above the kumo cloud on the ichimoku indicator indicates that bullishness is still likely to continue towards the R1 line. If referring to the stochastic indicator, the chart […]
Economists Project that Interest Rates Will Not Increase
Interest Rates Will Not Increase. According to a survey of economists, the central bank of the United States (US), namely the Federal Reserve (The Fed), will maintain its benchmark interest rate stable at its meeting on October 31 – November 1 2023. More than 80% of economists, or 90 of 111 respondents in a survey […]
