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MetaTrader's tester allows us to run walk-forward analysis in different ways. Among them, two custom approaches are implemented and available as corresponding product lines for MT4 and MT5...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish May 9 saw the start of the current bullish bias. Price is currently sitting above the support level at 1270.00 and heading for the resistance level at 1280...
First, a review of last week’s forecast: - The previous forecast for EUR/USD turned out to be quite accurate when it came to trends, but the pair’s volatility turned out to be more modest than expected. Recall that 60% of experts predicted the pair’s decline to 1...
The EUR/USD pair is holding on to its daily gains but is having a difficult time advance higher as the trading volume thins out towards the end of the week. As of writing, the pair is trading at 1.1278, gaining 0.57% on the day...
USDCHF: With the pair extending its weakness the past week, more decline is envisaged in the new week. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
NZD/USD is a great currency pair that I love to trade often. NZD/USD is tightly managed by Reserve Bank of New Zealand. What this means is that it gives few surprises unlike other pairs like GBP/USD, USD/CAD. Most of the time we can find very low risk trades on NZD/USD...
double mypricearray0[]; double mypricearray1[]; int RVIDef = iRVI(_SYMBOL,_PERIOD,10); ArraySetAsSeries(mypricearray0,true); ArraySetAsSeries(mypricearray1,true...
President Trump's decision to walk away from the Paris Climate Accord is likely to result in additional oil production. This is not supportive of oil since recent reports indicate that OPEC nations - that are exempt for production cuts - have started to increase production...
The market is looking for a solid May job report, especially after ADP’s upside surprise. According to data collected by the ADP Research Institute, US companies added 253k jobs in May, well above estimates of 180k, while the previous month’s reading was upwardly revised to 174k...
enum SYMBOLS_OF_PAIR { "EURGBP;GBPUSD;EURUSD", 0.7+0.6+0.5 = 1.8 12.86 10.00 10.00 "EURUSD;USDJPY;EURJPY", 0.5+0.5+0.9 = 1.9 10.00 8.97 8.97...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 2nd The EUR/USD pair extends its yesterday’s mildly bullish trend into the European session, as the greenback remains broadly subdued this Friday...
The focus of attention of all participants of financial markets today is the publication of data from the US labor market, which is scheduled for 12:30 (GMT). Very positive data are expected. Thus, according to the forecast it is expected that the growth of the average hourly wage will be 0...
AUD/USD Australian and New Zealand dollars rose today about 0.25% against the dollar. AUD/USD is approaching the resistance level of 0.7400. Let's see if it is able to finish the week above this significant level. If not, we expect it at the May lows in the area of 0.7329...
enum SYMBOLS_OF_PAIR { "EURCHF;CHFJPY;EURJPY", "GBPCHF;CHFJPY;GBPJPY", "USDCHF;CHFJPY;USDJPY...
SAYA PIKIR SETELAH LAMA DALAM DUNIA FOREX SAYA SUDAH MENEMUKAN CARA TIDAK RUGI DI FOREX,SETELAH KERJA KERAS DARI PENGUJIAN SEMUA STRATEGI FOREX...
EURJPY: The With the pair continuing to hold on to its recovery pressure, more strength is now expected in the days ahead. On the downside, support comes in at the 124.00 level where a break if seen will aim at the 123.50 level. A cut through here will turn focus to the 123...
In an effort to stabilize the ruble, Russia is looking to expand its Foreign-Exchange reserves (including Gold). Today, Russia will disclose this amount for the period ending 26 of May...
The data from the US continues to provide evidence that economic activity is improving from a soft 1Q. The ADP labor report and initial claims (180k and 238k respectively) are expected to indicate that labor markets remain strong and suggests a solid payroll read on Friday...