ETHUSD: Bearish Engulfing Pattern Below $1721 Ethereum was unable to sustain its bullish momentum and after touching a high of 1721 on 25th Aug started to decline against the US dollar, coming down below the $1500 handle on 29th Aug...
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According to some well-known economists, the RBA was late in tightening monetary policy, “the previous RBA forecast that no rate hikes would be required before 2024 was wrong”, and “now the rate hike should be much more significant than if they started to act before...
Against the background of the strengthening of the dollar, the price of gold continues to decline. Today, the XAU/USD pair reached a new 6-week low at 1.1710, declining towards key support levels 1700.00, 1690.00 (EMA200 on the weekly chart), 1682.00 (Fibonacci 38...
EUR/USD is struggling to clear the 1.0050 resistance zone. USD/CHF is rising and might climb higher towards the 0.9800 resistance zone. Important Takeaways for EUR/USD and USD/CHF · The Euro is facing a strong resistance near the 1.0050 zone against the US Dollar...
Introduction to Momentum Indicator Excessive Momentum Indicator is the momentum indicator that measure the excessive momentum directly from raw price series. It does not transform the price into other data like other technical indicator does...
Market Prediction Fractal Pattern Scanner is a market prediction indicator to predict turning point and cycle, which can provide both breakout and reversal trading opportunity. Fractal Pattern Scanner uses fractal geometry for market prediction...
Introduction to Elliott Wave Theory and Elliott Wave Pattern This article is about to introduce Elliott Wave Indicator. Before we explain the practical Elliott Wave Indicator, let us cover some basics of Elliott Wave Theory...
GBP/USD accelerated lower below the 1.1850 and 1.1750 support levels. USD/CAD is surging and could continue to rise above the 1.3075 resistance zone. Important Takeaways for GBP/USD and USD/CAD · The British Pound started a major decline below the 1.1850 support zone...
ETHUSD: Bullish Harami Pattern Above $1523 Ethereum was unable to sustain its bearish momentum and after touching a low of 1529 on 20th Aug started to correct upwards, crossing the $1700 handle in the European trading session today...
EUR/USD: The Global Economy Is in Danger Again ● So, EUR/USD broke through the key support level formed in 2016. It fixed a low at 0.9899 on Tuesday, August 23, the low the pair traded 20 years ago, in November-December 2002. The euro lost about 485 points to the dollar lover the past year alone...
Traders widely use the Fibonacci retracement and expansion levels as a technical analysis tool to determine price support and resistance, and also to determine the continuation or rejection of a trend. Traders focus on the price reacting at these levels to enter or exit a trade...
Against the backdrop of a weakening dollar and growing risks of a recession in the United States and in the global economy, gold quotes again moved to growth. XAU/USD is up for the 3rd day in a row today and is trading near 1764...
My name is Antonio S. Del Vecchio, I´m a Systems Engineer dedicated to the analysis and design of trading systems for MQL5. In my years of experience I have developed several trading systems, including Magic Bot...
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EUR/USD started another decline from the 1.0200 resistance. USD/JPY is rising and might gain pace above the 138.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY · The Euro started a fresh decline and even traded below the 1.0000 support...
GBP/USD: Sell Stop 1.1780. Stop Loss 1.1885. Take-Profit 1.1760, 1.1717, 1.1600, 1.1500, 1.1410 Buy Stop 1.1885. Stop Loss 1.1780. Take-Profit 1.1934, 1.2000, 1.2054, 1.2120, 1.2270, 1.2525, 1.2690 In an alternative scenario , a breakdown of the important short-term resistance level 1...
BTCUSD: Double Bottom Pattern Above $20798 Bitcoin was unable to sustain its bearish momentum and after touching a low of 20794 on 20th Aug, it has entered into a consolidation channel above the $21000 handle today in the European trading session...
GBP/USD started a fresh decline from well above the 1.2000 zone. EUR/GBP is rising and might climb further higher above the 0.8500 resistance. Important Takeaways for GBP/USD and EUR/GBP · The British Pound started a fresh decline from the 1.2200 zone against the US Dollar...
