My trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone below bottom of channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under bottom of Bollinger Band Entry at $48.82 Target is upper channel around $51
7 March’s NFP was an important catalyst for euro-dollar to move up more even though it generally wasn’t much weaker than expected. It must be stressed that the last few days have been truly exceptional: EURUSD is on track for its best weekly performance in around 16 years. Recent news of increased spending on defence and revised limits on national debt in the eurozone generally but specifically in Germany and France has also been positive for the euro. Shifting expectations for monetary policy have also brought strength, with the Fed becoming somewhat more dovish and the ECB seemingly slightly less in the last few days. The ECB’s single cut on 6 March was widely expected but comments from the Executive Board about policy being less restrictive have been interpreted by many traders as signalling a pause to cuts. As for gold, the short to medium-term target here seems pretty obvious, being around $1.10. The 61.8% monthly Fibonacci retracement around $1.13 looks too aggressive even amid strong sentiment. However, the price is extremely strong overbought relative to the norm, so traders should be prepared for a retracement in the next few days. The 100% Fibo around $1.07 could function as a relatively short-term support in the runup to American inflation on 12 March. Now that the price has extended far above most of the moving averages, it’s more difficult for a potential new buyer to find a good entry. However, if the price reaches $1.093 and initially retraces, there might be an opportunity if sentiment holds and upcoming data aren’t notably surprising. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
My trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone below bottom of channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under at bottom of Bollinger Band Entry at $516.82 Target is upper channel around $593
In the context of trade wars and particularly direct rhetoric between the USA and China, ‘risk off’ remains clear across most markets, which works in gold’s favour. 7 March’s NFP wasn’t very significantly weaker than the consensus but in the overall context of sentiment seems to have given gold and major currencies a boost against the dollar. A fairly large majority of around 85% of participants expects the Fed to cut the funds rate in June with a significant minority expecting a cut as early as May. As yet, it’s not clear whether the bounce over the last few days is a new phase of the ongoing uptrend or part of the same which started around the end of December. Compared to the situation around the middle of last month, further gains might seem more favourable now because volume has increased slightly and the price is no longer overbought. $3,000 remains the obvious target if the latest high around $2,950 is broken. If not, it might be possible to see the price retreat to the swing low from the end of February around $2,850. Fundamentals and sentiment make the development of a new downtrend questionable but consolidation and sideways movement are possible in the short term, especially if 12 March’s inflation is close to expectations. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
Donald Trump’s cryptocurrency project has pulled in at least $350 million since the launch of the Official Trump (TRUMP) memecoin, according to a Financial Times analysis.
ECB cut rates, US jobs missed, Fed cut odds rose, weakening the dollar amid tariff and German reform impacts.
In 2025, global markets are navigating a phase of economic uncertainty as potential inflationary pressures induced by trade tariffs, shifting central bank policy, and geopolitical risk shape trading conditions. Traders who integrate fundamental analysis into their strategies can navigate these uncertainties more effectively, positioning themselves ahead of major market movements. Kar Yong Ang, a financial […]
Unidentified hackers breached NTT Com’s network to steal personal information of employees at thousands of corporate customers © 2024 TechCrunch. All rights reserved. For personal use only.
Russian propaganda may be influencing certain answers from AI chatbots including OpenAI’s ChatGPT and Meta’s Meta AI, according to a new report. NewsGuard, a company that develops rating systems for news and information websites, claims to have found evidence that a Moscow-based network named “Pravda” is publishing false claims to affect the responses of AI […] © 2024 TechCrunch. All rights reserved. For personal use only.
CollX, a company offering an online trading card marketplace, has raised $10 million in Series A funding. The round was co-led by Austin-based Brand Foundry Ventures and Philadelphia-based 114 Ventures, both of which were previous investors in the company. Other investors such as Next Coast Ventures, FJ Labs, and Ben Franklin Technology Partners also participated […] © 2024 TechCrunch. All rights reserved. For personal use only.