Day: April 14, 2023
Retail Heavily Short EURJPY The retail market is holding a roughly 90% short position in EURJPY today putting the pair firmly in focus as a good candidate for longs. EUR has been trading higher all week and is benefiting nicely today from the drop in USD on the back of yesterday’s US inflation data. […]
TitleXAUUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching our pivot level of 2032.237 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1981.694. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2045.439. To discuss this trading idea, head […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.1035 is expected, followed by growth to 1.1325. An additional signal confirming the growth will be a rebound from the lower border of the […]
XAUUSD, “Gold vs US Dollar” At the resistance, gold has formed a Hanging Man reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the pullback might be 2025.50. Upon testing the support, the price could rebound from it and continue the uptrend. However, the price could […]
What you will learn: Lot definition Different Lot sizes explained USD and EUR practical illustrations The correlation between margin and leverage Understanding the intrigues in Margin Call calculation What is a Lot Size in Forex? In Forex trading, a standard Lot refers to a standard size of a specific financial instrument. It is one of […]
Gold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar’s decline. This comes with the anticipation of central banks’ moves to counter inflation, which has hit record levels in many major economies. Gold Prices Today The price of gold futures contracts -December delivery- […]
US Retail Sales Up Next US data is back in the spotlight today as traders ready themselves for the latest set of retail sales data. On the back of the sharp drop we’ve seen in CPI and PPI data, USD has been trending lower across the week as traders scale back their rate forecasts for […]
ETH Edging Higher The rally in crypto assets is turning into one of the hottest stories in markets as we kick off Q2. Following the heavy liquidations which took place last year and a tricky start to the year around plenty of negative news flow, crypto is seeing a surge in demand currently. Along with […]
The BTC on Friday rose to 30,876 USD. The weekly growth already amounts to 10.7%. Good that the leading cryptocurrency has passed the interim resistance level at 30,500 USD and now aims at 31,150 USD. A successful attack on this level and securing above it should let the BTC reach the range of 34,000-35,000 USD. […]
EURUSD on Friday remains strong. The current quote is 1.1070. What happened that the USD slipped to its 12-month lows? In fact, there was nothing unusual. The macroeconomic statistics published yesterday confirmed a decline in inflation and gave the market a new argument supporting the upcoming end of the tight credit and monetary policy of […]
