GBPUSD WEEKLY – HOW LOW CAN IT GO?
I had to go to the weekly chart to find the next key level that is not until 1.2035.
That may be a reach as it would imply a much stronger dollar but that is what this chart shows following the break of 1.2499
If trading the GBPUSD, keep an eye on EURGBO as this was the flow that sent it lower on Friday.
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AS TRADERS, SHOULD WE WORRIED THAT WE WILL BE REPLACED BY AI AND BOTS?
THIS QUESTION IS DEALT WITH IN THIS INSIGHTFUL BLOG ARTICLE POSTED OVER THE WEEKEND.
Will AI and Algo Trading Bots Replace a Human Trader
XAUUSD 4 HIUR CHART — CONSOLIDATION OR CORRECTION?
I have asked this question before and the jury is still out although technicals are tiled towards correction as long as it stays below 2402.
With that said, the key level remains untouched at 2318. To put it at risk, a move below 2350 would be needed (the low of the day so far is at 2351).
April 22, 2024 at 7:33 am
wfakhoury Amman
April 3, 2024 at 8:21 am
wfakhoury Amman
EURUSD
NOW 10766
10757 confirmed will be reached
10760 is the consolidation level; buy below it, sell above it, and tp at it.
10666 confirmed will be reached if it keeps below 10760.
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Proved
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Amman, on 3rd of April you wrote that price will go to 1.0666 if stays below 1.0760……after you wrote it, price went up to 1.0885 …..so how is this good call, please?
also you always say your signal are valid for about 48 hours …. this is like 20 days later!!!!!!
USDJPY 4 HOUR CHART – Stalemate
This caught my attention
The latest positioning data from U.S. futures markets showed hedge funds and speculators increased their aggregate net short yen position in the latest week to a new 17-year high. (Reuters)
… despite the threat of intervention
As the chart shows, the bottom of the range was extended after a (false) intervention scare while the top end represents a 34-year high.
For Monday, there seems no catalyst for an attack of 155 but will stay on the radar as long as 154+ trades.
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
The week is expected to open with no further cuts in China’s loan prime rates on Monday. The Bank of Japan on Friday isn’t expected to further raise rates though this is the expectation for subsequent meetings.
Key inflation data aren’t expected to show much if any moderation, whether Australian consumer prices on Wednesday or the US PCE price indexes on Friday. Yet there is an expected exception and that’s Tokyo consumer prices on Friday where underlying rates are expected to cool.
The first estimate for first-quarter US GDP on Thursday is expected at 2.3 percent annualized growth, down from the fourth quarter but still more than respectable. April’s run of PMI flashes are expected to improve but only slightly with services generally above 50 but manufacturing generally below this breakeven level….Econoday
See our Economic Calendar
April 22 (Reuters) – A look at the day ahead in Asian markets.
Asian markets on Monday will be hoping to bounce back from one of the most bruising weeks this year, but that won’t be easy given the hawkish tone of recent Fed comments, heightened Middle East tensions and deepening weakness in tech
IF YOU ARE LOOKING FOR A WAY TO IDENTIFY WHAT FLOWS ARE DRIVING THE FOREX MARKET, READ THIS ARTICLE POSTED IN OUR BLOG TODAY.
Week Ahead 22nd-26th April: Highlights include US PCE & GDP, BoJ, PMI data
FULL PREVIEWS AND ANALYSIS
Week Ahead 22nd-26th April: Highlights include US PCE & GDP, BoJ, PMI data
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