Author: FX

Is that a head and shoulders pattern I’m seeing on the 4-hour time frame of NZD/USD? Confirmation could bring a selloff that’s the same height as the chart formation. Better watch out for a potential neckline support break if you’re waiting for a reversal! NZD/USD 4-hour Forex Chart by TradingView The higher-yielding Kiwi seems to be struggling to ward off risk-off vibes that greeted the markets early this year, as a number of factors are keeping uncertainty elevated these days. For one, resurfacing geopolitical and tariffs tensions appear to be clouding the global economic outlook again, leading traders to flock…

Number crunchers are projecting weaker inflationary pressures for Canada in December, so how can the upcoming CPI release impact BOC policy expectations and the Loonie? Here’s what to look out for in this top-tier report. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

Improved risk sentiment got traders breaking GBP/AUD’s consolidation pattern! Will the technical breakout lead to the start of a trend for the currency cross pair? Here’s what we’re seeing on the 4-hour time frame: GBP/AUD 4-hour Forex Chart by TradingView In case you missed it, the British pound got little help from November’s strong GDP print, as traders looked past the headline and focused on the mixed details and uncertainty heading into the year ahead. Meanwhile, commodity-linked risk currencies like the Australian dollar found support as U.S.-Iran geopolitical tensions eased and stronger U.S. data helped lift overall risk appetite. Remember…

The U.K. economy returned to growth in November 2025, posting a stronger-than-expected 0.3% m/m expansion and reversing October’s contraction. Production rebounded, and services activity picked up, even as pre-Budget uncertainty hung over the economy. Still, the pound finished the day lower against most major currencies, as broader market forces ended up mattering more than the upbeat domestic data. Key Points from the November GDP Report Monthly GDP grew 0.3%, beating consensus expectations of 0.1%, following a revised -0.1% decline in October Services sector expanded 0.3%, while production surged 1.1%, driven by a 25.5% jump in motor vehicle manufacturing as Jaguar…

The Super Trend MT5 indicator is a trend-following tool that helps identify the overall direction of the market. It is based on price movement and volatility, which allows it to adjust as market conditions change. When the market is bullish, the indicator appears below the price, signaling potential buy opportunities. When the market turns bearish, it moves above the price, signaling possible sell setups. What makes the Best Super Trend MT5 Indicator stand out is its clean and easy-to-read design. Traders do not need advanced technical knowledge to understand it. The visual signals make it simple to spot trend changes,…

The Quasimodo Pattern MT4 Indicator solves this specific problem by automatically identifying one of the most reliable reversal formations in price action trading. This pattern, affectionately nicknamed after the hunchback character due to its distinctive shape, flags potential turning points where institutional traders often pile in. Let’s break down exactly how this indicator works and why traders who understand it gain a genuine edge. What Makes the Quasimodo Pattern Different The Quasimodo pattern isn’t your typical indicator that plots lines or oscillates in a separate window. It identifies a specific price structure that signals trapped traders and potential reversals. Here’s…

Summary:West Virginia bill would allow up to 10% of treasury assets into metals and digital assetsOnly bitcoin currently meets the bill’s $750bn market-cap requirementStablecoins would require explicit regulatory approvalSimilar proposals have emerged across the U.S., with limited success so farPolitical support for the bill remains uncertainWest Virginia bill opens door to state investment in bitcoin and precious metals. What could possibly go wrong?A U.S. state lawmaker has proposed legislation that would allow West Virginia’s treasury to allocate a portion of its reserves into precious metals and select digital assets, adding to a growing but still limited push by state governments…

Markets delivered a mixed session on Thursday as a surprisingly robust UK economic rebound clashed with softening manufacturing activity across other regions, while traders parsed Fed commentary that signaled cautious optimism about economic resilience despite ongoing data uncertainty. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Japan PPI for December 2025: 0.1% m/m (0.2% m/m forecast; 0.3% m/m previous); 2.4% y/y (2.5% y/y forecast; 2.7% y/y previous) U.K. RICS House Price Balance for December 2025: -14.0% (-16.0% forecast; -16.0% previous) Australia Consumer Inflation Expectations for January…

The British Pound drops versus the Japanese Yen as the Friday’s Asian session begins, courtesy of Japanese authorities’ verbal intervention, which boosted the Asian currency. The GBP/JPY trades at 212.20 after falling from yearly highs near 214.30.GBP/JPY Price Forecast: Technical outlookThe technical picture shows that the GBP/JPY uptrend is poised to continue, despite the ongoing pullback. It should be said that the pair dipped as a ‘bearish harami’ two candle pattern emerged near yearly highs, followed by a subsequent bearish candle that pushed the cross to new three-day lows of 212.00.Momentum favors sellers as the Relative Strength Index (RSI) retreated…

Article Highlights Daily MACD crossover turns bearish, signaling a loss of upside momentum after GBP/JPY’s rally toward 214.00. Price pulls back from recent highs but remains mid-range near 212.25, not yet testing key support below. Follow-through is key, with traders watching whether downside momentum develops or stalls within the recent range. GBP/JPY has started to lose some upside momentum after a strong run into the 214.00 area, with price easing back modestly from recent highs. While the broader trend remains intact for now, momentum indicators are beginning to shift, hinting that the pace of the move may be changing. The…