Author: FX
The ADMA (Accumulation/Distribution Moving Average) indicator calculates trend strength by examining how closing prices relate to the high and low of each candle. Here’s the logic: When price closes near the high, bulls controlled that session. When it closes near the low, bears dominated. The indicator accumulates these differences over time, creating a cumulative trend value. Two simple moving averages then smooth this cumulative data. The first MA (typically 14 periods) creates the primary smoothed trend line. A second, faster MA (often 7 periods) responds more quickly to shifts in momentum. These lines appear in a separate window below your…
The Fibo Musang MT5 indicator is an automated Fibonacci retracement tool built around the CBR concept — Candle Break and Retest. It doesn’t just slap Fibonacci levels on random swings. Instead, it identifies specific candlestick structures (breaks, retests, and confirmed momentum shifts) before drawing anything on your chart. The traditional way to trade Fibo Musang is completely manual. Traders would spot an Initial Break (IB) on the D1 or H4 chart, wait for a CB1 confirmation (that’s when price breaks the previous high or low after the IB forms), then manually plot Fibonacci retracement levels to find entries and take-profit…
OCBC strategists Sim Moh Siong and Christopher Wong flag slight upside risks for USD/SGD as the Hormuz standoff weighs on risk appetite and imported cost pressures. While Singapore Dollar (SGD) remains a regional defensive currency, they note fading bearish momentum and rising RSI on USD/SGD, alongside expectations that Singapore inflation will accelerate toward 2% as energy-related costs from the Middle East conflict pass through supply chains.Defensive SGD faces inflation pressures”Slight upward risk. USD/SGD inched higher overnight tracking the broad USD rebound.””Pair was last at 1.2780 levels. Bearish momentum on daily chart faded while RSI rose.””Risks somewhat skewed to the upside…
The week cycled through three scenario states before settling — and the framework’s two-tier WTI regime, DXY-first gold lens, and 7,049 equity floor all held. Source link
Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations. Despite a hawkish tone and higher inflation forecasts, the Peso underperforming regional peers since the Iran war as the Philippines remains highly exposed to Middle East energy prices.Rate hike fails to lift weak currency”The Bangko Sentral ng Pilipinas (BSP) raised the target reverse repo rate by 25bp to 4.50%. The market consensus was split 50-50 on a rate hike in a Bloomberg poll. It was BSP’s first rate hike since September 2023. The decision was aimed…
OCBC strategists Sim Moh Siong and Christopher Wong describe a technical rebound in USD/TWD driven by broader US Dollar (USD) strength and risk aversion linked to the US‑Iran ceasefire stalemate. While near-term upside risks persist, they still prefer fading rallies, citing strong foreign inflows into Taiwanese equities, high correlation with the tech cycle, and robust AI-led export momentum as supportive for the Taiwan Dollar (TWD).Short-term squeeze versus tech support”Technical rebound fade. USDTWD rebounded, tracking the broad uptick in USD as risk sentiment was restraint.””The squeeze higher in USDTWD was consistent with our technical caution for falling wedge – typically associated…
DBS Group Research economist Samuel Tse analyses recent steepening in Chinese Yuan (CNY) rates, linking it to a ceasefire between the United States (US) and Iran and stronger-than-expected Q1 growth in China. He highlights resilient Purchasing Managers’ Index (PMI), firm industrial and external activity, robust onshore bond demand and continued offshore inflows, arguing this backdrop supports a stable front end and an accommodative but measured People’s Bank of China (PBoC) stance.Steepening curve on solid macro backdrop”The CNY curve has steepened in the past week, driven by a ceasefire between the US and Iran and a stronger-than-expected macro starting point in…
The Strait of Hormuz kept markets on edge all week, but blowout US data, oil swings, and a hot NZD CPI made for no shortage of action. Source link
USD/CHF dropped on Friday but finished the week with gains of over 0.35%, trading at 0.7841 as market participants grew confident that US-Iran talks could resume over the weekend to resolve the conflict.USD/CHF Price Forecast: Technical OutlookFrom a technical perspective, USD/CHF appears poised to remain in a consolidation within the 0.7800-0.7900 range. Momentum, as measured by the Relative Strength Index (RSI), suggests further downside, as the index is bearish and pointing lower.Price action suggests the uptrend might be pausing after hitting a nine-day high of 0.7877, but closing near the 50-day SMA at 0.7840 and failing to clear key resistance…
The North American session leaned firmly toward a risk-on tone, with equities pushing higher, oil easing, and yields drifting modestly lower. The backdrop for the move was driven largely by renewed diplomatic momentum, as talks between the U.S. and Iran appear to be gaining traction- with Pakistan playing a central role. While headlines throughout the day were at times inconsistent and even contradictory, the broader narrative pointed toward re-engagement rather than escalation.U.S. envoy Witkoff and Jared Kushner are reportedly en route, while Iran’s foreign minister Abbas Araghchi is also expected to be in the region. Current indications suggest that all…