This is a follow-up video to my previous analysis on US Oil commodities where we scooped close to 2,000 pips profit to start the year on a profitable note (see link below for reference purposes). Tagged the worst trading starts for a year since 1991 - The US Oil posts its biggest weekly loss in a month after reversing gains prior to the U.S. nonfarm payrolls event...
This is a follow-up video to the last week's analysis on the XAUUSD where we scooped over 4,000 pips profit to start the year on a positive note. Gold appears to be on the verge of recovery as price action breaks out of a strong supply zone ($1,820) for the first time in months to send a signal of new hope. In this video, we look at the current market structure...
This is a follow-up video to last week's analysis on the USDJPY which scooped over 850 pips in profit to start the year on a profitable note (see link below for reference purposes). The US Dollar started the year on a positive note as it climbed up to test the 135.000 level before selling pressure resumed following the NFP release hereby relinquishing some of its...
This is a follow-up video to my previous analysis on the GBPUSD where we scooped over 400pips profit to start the year on a profitable note (see link below for reference purposes). The U.S. dollar started the year on a positive note, trading near a one-month high after healthy employment data pointed to a strong labor market ahead of the most anticipated...
The last year closed on a sour note for the British pound as hopes of a significant recovery during the last quarter diminished to close at the 1.21000 zone. In this video, we looked at the chart from a technical standpoint where we identified a simple structure within the 1.21000 and 1.20200 zone as price action transitioned into a reversal pattern on the 4H...
The channel between $1,820 and $1,780 last month reveals there's uncertainty about the fundamentals around the Gold. As the new year begins, there is a tendency to be some level of fear in the market as portfolio managers and traders will not want to be in a real risk-on position, especially in a week that is laced with key macroeconomic events. From a long-term...
Asian currencies witnessed a positive start to the new year as investors bet on slower interest rate hikes by the U.S. Federal Reserve and a weaker dollar. Despite a dull start to the year, It is worth noting that the first NFP for the year is a high-impact macroeconomic event that has a tendency to bring some liquidity into the market and we are likely going to...
This is a follow-up video to my previous analysis where we made over 1,000 pips in profit (see link below for reference purposes). Crude oil prices witnessed significant gains to close last week's trading session with approximately 8% growth as Moscow said it may cut oil production to offset price caps on Russian crude imposed by the G7 nations and the European...
This is a follow-up video to my previous analysis on the XAUUSD where we closed the week with over 4,000 pips in profit (see link below for reference purposes). Gold prices fell further away from the key level at $1,800 last week as concerns over rising interest rates and a potential recession in 2023 saw investors pivot into the dollar and Treasury yields....
Despite missing out on the initial bearish move on Tuesday, we were still able to close the week on a profitable note with about 700 pips in total (see link below for reference purposes). The outcome from last week indicates that the U.S. dollar continues to plunge hereby handing back some of the previous session’s gains as participants attempt to gauge the...
The British Pound slipped lower in the last 10 days, handing back some of the previous session’s gains hereby dropping by 3.4% to close last week's trading session below the 1.21500 key level. With a breakdown of the $1.21500 level last week, will the decline continue? Price action is currently at a critical point as it currently trading along the bullish...
The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could...
This is a follow-up video to my previous analysis on Gold where we were able to close the week with over 4,000pips in profit (see the link below for reference purposes). Despite a sharp bullish run at the beginning of last week, the price of Gold settled below the $1,800 mark, finishing with a 0.9% growth in value. In addition to the renewed hawkish tone of the...
Following a rollercoaster🎢 of ups and downs last week, we were able to close the week with over 500pips in profit (see the link below for reference purposes). Results from Friday's data revealed that Japanese manufacturing activity contracted more than expected in December thereby weakening demand and further denting productive capacity. How will this development...
This is a follow-up video to my previous analysis on the USDJPY and on the back of a profitable week on this pair (see link below for reference purposes), we are at equilibrium as the current structure has both a strong bullish and bearish expectation at the same time. The U.S. dollar showed traces of weakness on Friday as fears that the U.S. economy was heading...
Gold seems firm on its resolve to hold to a $1,800 price despite some sideways movement after a 4,000pips move to the downside at the beginning of last week's trading. Price is currently back at the critical level around the $1,800 area sending mixed signals across the market and from a technical standpoint, the tendency of both a bullish and bearish expectation...
The U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will...
Despite a strong bullish trait that started the month of November 2022, the Pound has a tendency to spark further weakness following an upbeat US NFP report on Friday as price action retest a strong selling niche at the $1.23000 zone. In this video, we looked at the chart from a technical perspective where much emphasis was laid on the selling pressure identified...