If you are using technical analysis to make trading decisions you may be using Multi Timeframe concept I will share my experience on Mutli Timeframe Why people use multitimeframe? First we need to know that multi timeframes are divided in two parts. Parent and Child. Parent is always more accurate than child. e.g. D1 and […]
Here are some intraday trading methods for cryptocurrencies that rely on mathematical models and price data rather than constant chart watching: 1. Mean Reversion Trading This strategy is based on the concept that prices will revert to their mean or average value over time. Here’s how you can implement it: Identify the mean price: Calculate […]
This is a detailed post explaining how to use the 3LZZ Semafor Scanner Dashboard. Dash uses 3LZZ Indicator in the background to find semafors. It will give priority to the level 3 semafors because they specify a strong signal. It’s available here: https://www.mql5.com/en/market/product/41459/ All extras are attached with this blog post. You can also get […]
Strong Momentum Likely to Wane in Q3 as the Fed Awaits Incoming Data US equity indices are on track to close out Q2 in positive territory thanks to outperformance from Nvidia, which temporarily saw it claim the title of the largest stock in the US when measured by market cap. Tech-heavy indices like the Nasdaq […]
AUD rose against USD due to US inflation reduction and a potential dovish stance from the Fed. Soft PCE data from the US may benefit the Aussie policy divergence between the RBA and Fed. RBA’s delayed rate cuts could bolster the Aussie, contrasting with other G10 central banks’ reduction strategies. Friday’s session recorded a significant […]
Gold falls from daily highs, pressured by elevated US Treasury yields. May US PCE Index meets forecasts, fuels hope for 2024 Fed rate cuts. US 10-year yield hits 4.339%, a high since June 12; DXY at 105.80, down 0.08%. Gold prices retreated during Friday’s session after an inflation report revealed progress in the disinflationary process […]
Silver up 0.49, boosted by lower US inflation data and Fed rate cut prospects. Technical analysis shows bearish trends; RSI indicates selling pressure with lower highs, lower lows. Resistance levels: $29.19 (50-DMA), $31.54 (June 7 high), $32.00, $32.51 (YTD high). Support points: $29.00, $28.28 (June 10, 2021, high), $28.00, $27.01 (May 8 low), $26.82 (100-DMA). […]
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar slipped on Friday after data showed inflation in the world’s largest economy subsided last month, cementing expectations the Federal Reserve will start cutting interest rates this year. The dollar initially fell against the yen, the currency pair most sensitive to U.S. economic data because of a […]
The US dollar is likely to drift lower, driven by softer economic data which appears to be paving the way for a rate cut later this year. However, a strong economy means the US public may have to wait longer than other developed countries before it can start to lower interest rates. Over the next […]
Markets: Gold down $3 to $2342 US 10-year yields up 9.8 bps to 4.39% WTI crude down 19-cents to $80.64 S&P 500 down 0.4% AUD leads, JPY lags Friday was the final day of the quarter and that made drawing conclusions tough. It was especially difficult because the US political scene was thrown into disarray […]
SPX daily Closing changes: S&P 500 down 0.4% Nasdaq down 0.7% Russell 2000 +0.1% DJIA -0.1% Toronto TSX Comp -0.5% The S&P 500 closed the half-year up a tidy 14% but today’s reversal from an all-time high is somewhat ominous. However against that backdrop note that the first three trading days of July are traditionally […]
When I look at the July seasonals, there isn’t much in the FX market. The patterns are minor and the moves small as the summer complacency sets in. One thing stands out though: US equities. The S&P 500 has climbed for eight straight years in July with an average gain of more than 3%. Stretching […]
