Global debt reached a record high of $307 trillion in the second quarter, despite higher interest rates limiting bank lending. The United States and Japan were the main drivers of this increase, according to the Institute of International Finance (IIF). The IIF's report revealed that global debt in dollar terms rose by $10 trillion in the first half of 2023 and by...
Hello traders, I think crude oil will continue to fall, what do you think? From the 4 hour chart Near 79 is the support level of the last few rebounds. I think it can be regarded as a short-term watershed. If this support level is broken, the downside will open below. Conversely, if support is formed here again, you can wait to buy short positions near 80.7....
Hello traders, I think gold will first go up to around 1966-1970, then if it can't break through 1970, it will start to fall, what do you think? From the 4-hour chart, there is a little pressure around 1962 above, but the upward trend is strong, so I think this position will still break through, and then look at the important pressure before 1970 above. It is...
$USD/CAD seen on *Monthly time-frame Price Action seems to have Broken Structure on *M. However, price still on Strong Supports : - *M mid-range S/R area - Triangle Bottom Area of Support (broken for now) - Support Trendline from Lows More confirmations to come The Week ahead in terms of Price Action for the BoS situation & wether supports will hold...
First of all, congratulations to the friends who follow, the goal of 30,000 has been reached, and the market is currently in the range of 28,000-29,000. The short-term strong risk aversion in the market has brought opportunities for cryptocurrencies led by Bitcoin. On the news side: the U.S. debt ceiling and the plunge in bank stocks have boosted risk aversion,...
If you don't clench your fists, you don't know how strong you are; if you don't clench your teeth, you don't know how hard your persistence is; if you don't stomp your feet, you don't know how decisive you are Just how right; if you don't stare, you don't know how strong your heart is. The strongest competitiveness has only two words: action. Only if you work...
Engulfing Candlestick Pattern formed on the 4H Chart. Pin Bar Candlestick formed on the 4H Chart. Entered Long Position At Price Level 1.34681.
Volume of buyers ready to buy the pair at the range close to 142.7 is evident. The price is having a last squeeze before continuing an upward move. I have executed a sell side trade seeing an opportunity in the retracement leg. I'll close my position soon. And after that I'll enter this market as a buyer.
OANDA:EURUSD Hi , Trader's .. as you can see market breakout from trendline and make a new low at 1.07 area Now market consolidating and making Higher low It seems to be incline W pattern , buyer's can push market up from here Market at pivot point closing candle above pivot can resume market up trend Next stop for buyer's will be 1.09 area
Hello traders. I have executed a sell side trade in Euro/ Dollar pair. This will possibly turn out to be a short term trade. As you can see, I've marked the areas clearly with several crosses signifying liquidity and order blocks sitting at those marked zones. The Euro/Dollar pair will grab and mitigate these zones before any move. The second reason for...
Today I am charting the GBP (Great British Pound) / USD (US Dollar) on a yearly chart over a multi-year period. I put it on a parallel channel and noticed on the yearly chart that multiple bear flags have been forming. The next bear flag formation measured move is around 0.78-0.80. Let's hope it reverses! This is a multi-year chart so don't expect everything to...
BUY POSITION ON GOLD I have seen this setup with the help of RSI, Trendline, and as well as Multi-TF Analysis. We have seen the price has bounced off on 1730 key support level yesterday and we took advantage of the bounce play in which we've made 100+ pips. I have put the SL just below the trendline in case price makes a u-turn. This is a quick play since my...
I made a mistake on one of my trades this week. I'm not happy about it, but this week's trades were pretty good considering how that trade made me feel. I go through each trade I entered this week. Thank you for taking the time out to watch. I'd love to know how your trading week went.
The forex market has been silent for many years now, so there haven’t been many opportunities to jump into trend-following positions. We have to remain patient during quiet times and keep an eye on the calm markets even when placing positions in more active markets. The GBPJPY is showing signs that watching the quiet market may pay off. Price is setting up for a...
EUR/USD. The Euro began to fall against the Dollar due to Russia's attack on Ukraine. Conflict in Europe is a high risk and unpredictability of investment in the European economy leads to capital outflow to safer markets. The outflow of capital from the EU goes to the U.S. market, which causes Euro to fall against the Dollar. The price is now at 1.10 level and...
USDNOK Entry Price 8.93270; Take Profit Price 9.01454
The Dollar Index (DXY) is showing a potential double top formation in progress on a daily chart. DAILY (D1) Ongoing downside price action, after having, yesterday, broken both the Tenkan-Sen and the Mid Bollinger Band, this morning the DXY is attempting to also breakout the Kijun-Sen which should be seen as the last important support level in that time...
Here on Nzdusd we can see that on the 15min time frame price has formed a triple top. Price also struggles to break our previous resistance level and the descending trend line. Both moving averages are also bearish so we can see that bears currently have control of the market. On the 1 hour time frame price is also currently forming lower lows and lower highs and...