Author: FX

The High Low Lines MT4 Indicator is a simple yet powerful tool that automatically plots the highest and lowest prices for a chosen timeframe. These lines act as visual cues for support and resistance, helping traders see where the market has reacted in the past. Instead of manually drawing lines—which can be time-consuming and inaccurate—this indicator does it automatically, updating as new price data appears. It works on all timeframes, making it useful for scalpers, day traders, swing traders, and even long-term investors who want to see clear market boundaries. Why High and Low Lines Matter in Trading Highs and…

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Sun: Opec-8 MeetingMon: South Korean Prelim Trade Balance (Nov), Chinese RatingDog Manufacturing PMI Final (Nov), EZ/UK/US Manufacturing PMI Final (Nov), US ISM Manufacturing PMI (Nov), South Korean CPI (Nov)Tue: EZ Flash CPI (Nov), South Korean GDP Revised (Q3)Wed: Australian Real GDP (Q3), Chinese RatingDog Services/Composite PMI Final (Nov), EZ/UK/US Services/Composite PMI Final (Nov), Swiss CPI (Nov), US ISM Services PMI (Nov)Thu: Swedish CPIF (Nov), EZ Retail Sales (Oct), US Challenger Layoffs (Nov)Fri: RBI Announcement, German Industrial Orders (Oct), EZ Employment Final (Q3), EZ GDP Revised (Q3), Canadian Jobs Report (Nov), US PCE (Sep), US University of Michigan Prelim (Dec)Potential Fed…

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EUR/USD steadies during Friday’s North American session set to finish the week and November’s in positive territory with gains o 0.81% and 0.59%, respectively as traders seem certain that the Federal Reserve will cut rates in December. The pair trades at 1.1601 after bouncing off daily lows of 1.1555.Euro ends week and month higher as dovish Fed signals outweigh mixed US dataThe US Dollar treads water amid growing speculation for a rate cut. Data from the CME FedWatch Tool shows that the odds for a 25-basis points reduction to the fed funds rate at 87% for the December meeting. The…

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