EUR demonstrates flat trading dynamics against USD during the Asian session, consolidating near new local lows since July 23, 2020, updated the day before. The instrument trying to go into corrective growth after a whole week of failures. One of the factors that would contribute to the recovery of EUR may be statistics from the eurozone on inflation. Analysts...
Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally. Possible correction in the following sessions.
Once you have successfully identified previous Price action with Market Structure and SMCs you can now look for potential Entries with the highest possible rewards. For Bearish Trend: Fib is drawn from Swing high to Swing low For Bullish Trend: Fib is drawn from Swing low to Swing high. It's always important to go with the trend and to avoid trading when...
Part 1 of this Educational content we looked at Market Structural behavior in reversal of trends. Part 2, we are going to take a look at SMCs. Important things to know about Wyckoff’s Schematics are. Always start of plotting Supply and Demand zones on HTF. Accumulation and Distribution should take place within HTF Supply and Demand zones. An...
Part 1, We are going to look at how to identify a trend reversal using the Market Structure and BOS (Break of Structure). Important things to remember: 1. When the Market Structure is Bullish - Price will be breaking previous Swing Highs but respecting Swing lows. 2. When the Market Structure is Bearish - Price will be breaking previous Swing Lows but...
AUD has shown moderate gains against USD during the Asian session, correcting after a series of declines and trying to move away from local lows since August 24. The instrument is slightly supported by the minutes of the meeting of the Reserve Bank of Australia (RBA) published yesterday, which strengthened the market's belief that the Australian regulator will not...
Users are awaiting a hard fork of the Cardano network called Alonzo, which will allow the integration of smart contracts. It will happen during the Alonzo Purple update, which is slated to activate on September 12 – much earlier than investors expected. Currently, smart contracts are already available on the test net, where developers are performing the latest...
The BTC/USD pair grows supported by two key fundamental factors: the potential integration of the Twitter coin as a means of payment for Tip Jar and the official launch of BTC as legal tender in El Salvador on September 7. The wider distribution of cryptocurrencies in the world and the stabilization and development of the main competitor to "digital gold" – ETH...
USD grows as investors await a two-day US Federal Reserve meeting starting on Tuesday. According to forecasts, the head of the regulator Jerome Powell announces the tightening of monetary policy, in frequency, the timing of the reduction in the volume of purchases of bonds. On Sunday, US Treasury Secretary Janet Yellen asked Congress to raise the federal debt...
Expecting possible bullish movement in the following sessions.
German PPI data for August was released today. The indicator grew more seriously than the market had expected, to 12.0% instead of 11.4% YoY and 1.5% instead of 0.9% MoM expected. Thus, inflationary pressures in the first European economy increase, pushing the ECB to tighten monetary policy further. This month, the regulator has already reduced the pace of...
Possible upward correction in the following session.
Gold’s slight rebound on Friday from a sharp selloff in the previous session lost steam as the dollar gained, putting it on course for a second weekly dip. Retail Sales in the USA in August added 0.7% MoM, while analysts' forecasts assumed their further decline by 0.8% MoM. These strong results once again strengthened the market's confidence that the US...
Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen. Possible downward correction in the following sessions.
EUR has been actively declining, like most other currencies paired with USD, waiting for new drivers to appear on the market. Investors were focused on the results of the meeting of the European Central Bank (ECB) on the interest rate, which was expected to clarify the issue of reducing the existing incentives. The key interest rate remained unchanged at zero...
Possible upward correction before downtrend continuation. It's recommended to Sell on rallies.
On the 2H chart we can see the beginning of the trend reversal as market broke above the Previous Lower high and created a Higher high. On the daily chart we can see a correction of the upward movement. It's recommended to buy the dips.
Initially, the rate of the first cryptocurrency was supported by news from El Salvador, where on September 7, the law on the legalization of BTC as a means of payment came into force. Now the country's enterprises are obliged to accept digital assets on a par with USD in the implementation of any transactions, which will help the population significantly save on...