Author: FX
The Fixed Range Volume Profile Indicator MT4 helps solve this problem by showing where the market spent the most trading activity within a selected price range. Instead of guessing support and resistance zones, traders can see areas where large orders likely existed. This type of information helps identify high-probability trading zones, stronger support and resistance levels, and potential breakout areas. Understanding how this indicator works can add a valuable layer of confirmation to any trading strategy. What the Fixed Range Volume Profile Indicator MT4 Shows The Fixed Range Volume Profile Indicator MT4 is a technical analysis tool that displays trading…
ABC news in the US:The House adopted a resolution to rein in President Donald Trump’s Iran war powers for the first timevote of 215-208 the resolution is symbolic in nature This article was written by Eamonn Sheridan at investinglive.com. Source link
USD/CAD pushes above its upper Keltner Channel. Will momentum extend the breakout, or will overextension trigger a pullback? Source link
Broadcom (AVGO), the $2 trillion semiconductor powerhouse, shed weight afterhours on Wednesday after delivering a solid earnings report that bested Wall Street Consensus. In a similar fashion, cybersecurity major CrowdStrike (CRWD) lost more than 9% despite reporting above the top and bottom line analyst projection.Broadcom stock sold off more than 5% despite reporting revenue growth of 48% YoY in its fiscal second quarter. The connectivity and infrastructure software firm reported adjusted earnings per share (EPS) of $2.44, $0.04 ahead of consensus, on $22.19 billion in revenue, $70 million above consensus. Those beats appear to have been too slim for investors.…
Have a look at the chart of Sandisk.This company was once a sleepy maker of solid-state drives, memory cards and flash drives. You’re likely to have an old stick drive in a cupboard somewhere or one of their insertable memory chips in an old phone or digital camera.At this time last year, it was trading at $38 per share after a spinoff from Western Digital. That gave it a market cap of $7.3 billion.Jump ahead to today and that’s jumped to $265 billion on an incredible scramble to buy memory. In the first quarter, the earnings per share were $23.41…
Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/JPY’s test of 160.00 has heightened intervention risks, with Japanese authorities already having spent a record amount to cap the pair near that level. Governor Ueda’s more hawkish tone and market pricing for further Bank of Japan (BoJ) tightening suggest a supportive backdrop for the Japanese Yen (JPY) over the coming months.Yen supported by BoJ tightening bias”USD/JPY tested 160.00, raising intervention risks. Remember, Japanese authorities purchased a record ¥11.735 trillion in the period from April 28 through May 27 to stem the surge in USD/JPY. That underscores their determination to keep a…
Longer war increases likelihood of second-round effectsI don’t see second-round effects yetThe balance of risks has clearly deterioratedECB’s Elderson warned that a prolonged conflict in the Middle East increases the risk that today’s energy-driven inflation shock evolves into broader and more persistent price pressures, reinforcing expectations that the ECB will raise interest rates at its June meeting.Elderson said that a longer war would increase the likelihood of so-called “second-round effects”, a scenario in which higher energy costs spread into wages, services, and other parts of the economy. However, he stressed that he is not seeing clear evidence that such effects…
The New Zealand Dollar (NZD) depreciates for the third consecutive day against a stronger US Dollar (USD) on Wednesday, hitting lows below 0.5900. The Kiwi is showing the weakest performance among major currencies with tensions between the US and Iran crushing risk appetite, and US data endorsing expectations of Federal Reserve (Fed) rate hikes.The US military targeted Iran’s Qeshm Island following attacks from Iran that produced significant damage and several wounded people at Kuwait’s International Airport. Beyond that, Al Jazeera news agency has reported an Israeli attack on the outskirts of Beirut, which puts the fragile ceasefire under significant pressure.Geopolitical…
The Algorithm Indicator MT4 was designed to reduce that confusion. Instead of relying solely on manual chart interpretation, this tool applies algorithm-based calculations to highlight potential trading signals and trend direction. Traders use it to identify clearer entries, filter weak setups, and better align trades with the prevailing market movement. Understanding how this indicator works and how to apply it correctly can make a noticeable difference in decision-making. What Is the Algorithm Indicator MT4? The Algorithm Indicator MT4 is a technical analysis tool developed for the MetaTrader 4 platform. It uses programmed logic to analyze price movement and identify potential…
There are just a couple of expiries to take note of on the day, as highlighted in bold below.The first being for EUR/USD at the 1.1625 level. The expiries don’t tie to any technical significance but could act as a bit of a magnet for price action in the session ahead. That as the overall market mood continues to stay more tepid and be on edge awaiting further US-Iran developments. War or not war. Deal or no deal. We are pretty much caught in limbo still since last week.As such, dollar sentiment is keeping more cagey and that’s not seeing…