Forex AcadeWe

16/09/2024

https://www.youtube.com/live/VA8TAZvttb0?si=GCVEAcB9NmXgog-t

"Gold and Currency Analysis: A Comprehensive Review of the Week's Performance" provides a detailed examination of the performance of gold and various currenc...

12/09/2024

https://www.youtube.com/watch?v=TWMfCsidirc

Welcome to Trading Tales, the podcast where we dive deep into the world of Forex trading and share the stories, strategies, and secrets behind successful tra...

08/06/2024

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20/08/2020

Gold Price Analysis:
Short-term charts favor a retest of the psychological support of $1,900 which, if breached, would expose the low of $1,863 reached on Aug 12. On the higher side, the newly created lower high of $2,015 is the level to beat for the bulls.

18/08/2020

Gold Price Analysis: $1,994 is key resistance
Gold is currently trading at $1,991 per ounce, representing a 0.15% decline on the day, having printed a high of $1,990 on Monday.
Traders should note that the recent bounce has taken the shape of a rising wedge on the hourly chart. A move below the lower end, currently at $1,953, would imply an end of the bounce from $1,862 and shift risk in favor of a re-test of $1,900.

17/08/2020

GBP/USD: US dollar weakness favors the bulls to keep 1.3100 mark
Technical analysis
Although 10-day EMA restricts the pair’s immediate downside around 1.3055, bulls will keep struggling unless crossing 1.3200.

06/08/2020

*EUR/USD's options market shows strongest bull bias in five months.*
Investors expect the single currency to extend its recent rally.
Sino-US tensions and political deadlock in the US could play spoilsport.
Key findings
“The July 31-Aug. 5 poll of more than 60 currency strategists showed the dollar was expected to continue to underperform against most major currencies over the coming 12 months, with a good chance of that weakness extending beyond a year.

23/07/2020

EUR/USD: Set to rise 10% over the next 12 months
Analysts at Goldman Sachs offer their outlook on the EUR/USD pair, as the European Union (EU) agreement on the Recovery Fund is seen as a milestone for the shared currency.
Key quotes (via Financial Times)
“Looking for nearly 10% of gains for the euro versus the dollar over the next 12 months.
We are not confident that the US asset market dominance over the past 10 years will continue.”
Separately, the Deutsch Bank analysts forecast EUR/USD at 1.2000 by the end of this year. As per my opinion euro will be breasih for short term at that time, but if we see on long term euro will tocuh 1.200.

21/07/2020

*Gold Technical analysis*

While the long-term bias is bullish, in the short-term, we may see a price pullback,
as key indicators like the 14-day relative strength index (RSI) and the MACD histogram have diverged in favor of the bears.

These bearish divergences (lower highs) suggests the rally is losing momentum.
As such, prices may fall backdownside break below $1,815 is less likely to recall the bears as the support line of the mentioned channel,
currently around $1,813, could question further downside. to $1,796 - the lower end of the daily chart rising wedge.
A violation there would imply rising wedge breakdown, a bearish reversal pattern, and open the doors for $1,750.