Author: FX

Ever feel lost in the sea of technical indicators on MetaTrader 4? Dive deep into the XB4 MT4 Indicator and learn how to harness its signals for informed trading decisions. The world of forex trading can feel like a whirlwind of charts, indicators, and complex jargon. But fear not, aspiring trader! Today, we’ll be delving into the intriguing realm of the XB4 MT4 Indicator, a tool designed to help you navigate the ever-shifting tides of the market. Understanding the Functionality of the XB4 Indicator The exact details of the XB4 indicator’s calculations are not publicly available. However, based on observations…

The No Repaint and Key PA Levels Forex Trading Strategy is a game-changer in forex trading, offering a robust solution for traders seeking reliable and consistent signals. Unlike traditional methods that often suffer from repainting issues where past signals are adjusted or erased this strategy provides a clear and unchanging view of the market. By eliminating these distortions, traders can trust that the signals they act upon are accurate and dependable, leading to more confident decision-making. At the core of this strategy is its focus on key price action (PA) levels, which are critical points on the chart where the…

The 3 Level ZZ Semafor and Trigger Line with Arrow Forex Trading Strategy is a potent combination that significantly enhances trading precision and decision-making. The core strength of this strategy lies in its integrated approach, combining the 3 Level ZZ Semafor with the Trigger Line and Arrow indicators. This blend offers a comprehensive framework for analyzing market trends and spotting potential reversals, giving traders a robust toolset for navigating the complexities of the forex market. The 3 Level ZZ Semafor is a key element of this strategy, known for its effectiveness in identifying significant price levels. It marks high and…

USD/CAD gathers strength to around 1.3620 in Tuesday’s early Asian session.  The upbeat job data prompted traders to scale back bets on further jumbo Fed rate reductions. Higher crude oil prices might cap the downside for the Loonie.  The USD/CAD pair extends the rally to near 1.3620 during the early Asian session on Tuesday. Strong labor market data on Friday caused traders to sharply ratchet back bets on aggressive Federal Reserve (Fed) interest-rate cuts, which boosts the US Dollar (USD) broadly. The US employment reports on Friday showed a rise in Nonfarm Payrolls (NFP) and a decline in the Unemployment Rate,…

By Dietrich Knauth NEW YORK (Reuters) -FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using $16 billion in assets recovered since the once-leading crypto exchange collapsed.  U.S. Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware, saying FTX’s success made it “a model case for how to deal with a very complex Chapter 11 bankruptcy proceeding.”  The plan is built on a series of settlements with FTX customers and creditors, U.S. government agencies, and liquidators appointed to wind down FTX’s operations outside the U.S. …

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

DXY snapped a five-day winning streak and seems to be taking a breather below 103.00 Fed easing expectations have been tempered following last week’s jobs report Fed speakers are expected to reiterate a gradual approach The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, witnessed a calm Monday session with mild losses, holding steady despite elevated levels near last week’s highs. Amidst ongoing Middle East tensions, market participants await key events this week, including the release of the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) Meeting Minutes and US Consumer Price…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

USD/JPY decisively breaks above a critical level in a bullish sign.   It may also have completed a three-wave correction of the medium-term downtrend with more bearish implications.  USD/JPY decisively pieces and closes above both its long-term trendline and key upside obstacle in the form of the 147.24 October 3 high. This lends credence to the bullish view and suggests a possible continuation of the short-term uptrend to a tentative target at the next key resistance level of 149.40, the August 15 high.   USD/JPY Daily Chart  Momentum is broadly bullish since the August bottom and the Moving Average Convergence Divergence (MACD)…

Investing.com — n a note Monday, UBS analysts cautioned that the U.S. economy may continue running hotter than expected, raising concerns about overheating. The strong September jobs report, with 254,000 payroll gains—well above expectations—and revisions that added 72,000 jobs for the prior two months, suggests the economy is performing better than many anticipated. “Labor market data defying expectations not only boosted confidence in the soft landing by quelling fears that it’s at risk of cracking,” said UBS. The bank notes that economic data, which had been trending negatively since the spring, is now consistently surprising to the upside. Meanwhile, consumer…