XAU/USD: A Trend-Follower’s Market
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Trending Now
- April 25, 2024
XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: previous analysis due to limited price change) EUR/USD: Weekly timeframe: Since mid-November, buyers and sellers, in the shape of doji indecision candles, have been squaring off around support at $1.1237-1.1281—made up of a 61.8% Fibonacci retracement at $1.1281 and a 1.618% Fibonacci projection from $1.1237. ‘Harmonic’ traders will acknowledge $1.1237 represents
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View US Dollar Index (Daily Timeframe): The US dollar, according to the US dollar index, concluded the week considerably off best levels to finish unchanged. Although refreshing 2021 tops at 96.94, the weekly timeframe shaped a shooting star candlestick configuration (bearish signal), confirmed by the relative strength index (RSI) shaking hands with overbought
READ MOREIn 2009, the first decentralized cryptocurrency, bitcoin, the biggest cryptocurrency by market capitalization, was formed by a pseudonymous developer Satoshi Nakamoto. It remains unclear whether Satoshi Nakamoto is a real person, a pseudonym, or perhaps even a group of hackers. Blockchain technology used SHA-256, a cryptographic hash function, in its proof-of-work scheme. When applied with
READ MOREMetaTrader 5: Effective Tips and Tricks to Gain More Profit One of the largest and most liquid markets in terms of exchanges, the forex market is a great investment opportunity. MetaTrader 5, a popular trading platform for retail investors, day traders, forex, and CFD traders, allows investing cleverly in the market. MT5 financial instrument has
READ MOREReading time: 10 minutes Boasting a long and colourful history, Japanese candlestick charts are universally acknowledged within the technical community as a means of displaying price action across multiple time periods (timeframes). Steve Nison is an author who is credited with showcasing the power of candlestick pattern analysis to the western world. The author is
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORENovember 18th 2021, Sydney FP Markets is proud to announce that it has been recognised as the ‘Best FX Broker Australia’ 2021 for a second consecutive year by FxScouts – and their sister brands TradeForexSA and FxAustralia 2021 has been a turbulent year for the CFD trading industry and in conferring this award, the awards
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREReading time 7 minutes What is a Demo Account? A demo account is in place to facilitate simulated real-time trading conditions, virtually the same functionality as a live trading environment. It’s a great educational tool, as you can practice your new trading strategies. Whether you choose technical analysis or fundamental analysis, here is the place to hone in on your skills and experience market conditions before entering into a real account. Setting up
READ MORE