XBRUSD Summary Trend: Bullish Support: 89.00 Resistance: 98.00 1. Russia and Saudi Arabia agreed to extend their oil supply cuts until the end of 2023, exceeding expectations for a shorter duration.2. The price of XBRUSD (Brent crude oil) broke out of its previous range of $70 to $89, which had persisted for over a year.3….
An economic phenomena known as inflation gradually reduces the purchasing power of money. The value of money diminishes when prices rise, which can have significant effects on traders and investors. We will discuss strategies, profitability, risks, asset selection, inflation forecasts, and expert views as we delve into many facets of trading amid inflationary in this…
Time Frame: M30 Currency Pair: EUR/USD,USDCHF,GBPUSD,AUDUSD,USDCAD,XAUUSD,NZDUSD, Indicators: 9 Exponential Moving Average (EMA)20 Exponential Moving Average (EMA) BUY ENTRY Rules: 1.Setup your chart: Open a chart on MetaTrader 4 platform.Select the M30 time frame.Add the 9 EMA and 20 EMA to the chart. 2.Identify a downward trending currency pair: Look for a currency pair that is…
The given statement suggests that the EURUSD currency pair has reached a support cluster between the price levels of 1.06670 and 1.06900. A support cluster refers to a zone where multiple support levels coincide, which can potentially act as a barrier to further downward price movement. The statement also mentions that the stochastic lines have…
EURUUSD D1 GBPUSD d1 1. Euro and pound near Fibonacci levels, prospects for upward movement. 2. Bank of England expected to raise interest rates, potential drop in pound. 3. Release of Consumer Price Index in the UK, anticipation of inflation acceleration.
USD Index Based on the information provided in the article, here are three main points and a trading decision: 1. Mixed inflation signals: The upcoming August inflation data is expected to show a rise in the 12-month headline inflation rate to 3.6%. This could cause concerns for the Biden administration. However, core inflation, which excludes…