Author: FX
The Follow Line MT5 indicator offers a different approach. This dynamic support and resistance tool adapts to price momentum while filtering out minor fluctuations. It changes color based on trend direction, giving traders a visual roadmap that’s clearer than stacking multiple moving averages on a chart. But here’s the thing no indicator works in every market condition, and this one’s no exception. What Makes Follow Line Different from Standard Moving Averages The Follow Line indicator plots a curved line that tracks price movement with adjustable sensitivity. Unlike fixed-period moving averages, it recalculates its position based on recent swing highs and…
Trend traders gather ’round! EUR/JPY looks ready to turn lower from a key resistance area after seeing sharp upswings in the past few weeks. Think the pair will extend a longer-term trend in the next trading sessions? EUR/JPY 4-hour Forex Chart Faster With TradingView U.S. tariff uncertainty and mixed mid-tier data out of the Euro Area kept a lid on the euro, even as European equities pushed to fresh record highs. The Japanese yen is not looking great either. The safe haven is feeling pressure as traders weigh possible government intervention and ongoing questions around the Bank of Japan’s policy…
The bar was already set incredibly high for Nvidia going into this week’s earnings call, as it has been for many quarters now. And once again, the chip giant defies concerns to the AI trade with a strong triple beat so to speak. All three of revenue, earnings, and guidance hit their market and then some. And that is keeping optimism on the AI trade in general, although the early market reaction has been more mixed.Nvidia shares rose over 3% in after-hours trading before settling down a fair bit. And US futures in general are also following suit to keep…
The Pound Sterling (GBP) holds onto weekly gains around 1.3565 against the US Dollar (USD) during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States (US) trade policy outlook.During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower to near 97.55.The US trade policy uncertainty stemmed from the Supreme Court’s (SC) ruling against President Donald Trump’s tariffs, in which they were called “unlawful” for being backed by economic emergency powers.Meanwhile, market participants are…
Remember that ascending triangle pattern we were watching on spot gold prices? The precious metal just busted through resistance and looks ready for a retest. Are buyers waiting around these Fibonacci retracement levels? Gold (XAU/USD) 4-hour Chart Faster with TradingView After consolidating inside its triangle pattern since the beginning of this month, the precious metal finally decided to make a break for it and capitalize on safe-haven flows stemming from persistent uncertainty. After all, markets appear to be anxious about U.S. tariffs developments, elevated Middle East geopolitical tensions, and the shifting Fed policy trajectory. Can these keep bringing further upside…
Oil climbs as US-Iran tensions keep supply risks in focus Source link
The engulfing candle indicator scans price action for specific two-candle formations where the current candle’s body completely “engulfs” or covers the previous candle’s body. There are two types: bullish engulfing (suggesting upside reversal) and bearish engulfing (indicating potential downside). Here’s what makes it different from just eyeballing patterns yourself the indicator applies consistent criteria every time. It checks that the second candle’s real body (open to close, ignoring wicks) fully encompasses the first candle’s body. No more subjective judgment calls about whether a pattern “counts” or not. The MT5 version typically marks these patterns with arrows or alerts, saving traders…
Risk sentiment turned cautiously optimistic on Wednesday as Nvidia’s robust earnings outlook reignited confidence in AI infrastructure spending, while geopolitical tensions and central bank policy dynamics kept currency markets volatile. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. API Crude Oil Stock Change for February 20, 2026: 11.4M (-0.61M previous) Australia CPI Growth Rate for January 2026: 0.4% m/m (0.2% m/m forecast; 1.0% m/m previous); 3.8% y/y (3.7% y/y forecast; 3.8% y/y previous) Trump’s State of the Union cast the U.S. as “back” and “strong,” touting…
US Secretary of State Rubio said Iran is pursuing intercontinental ballistic missiles and called Tehran’s refusal to discuss them a “big, big problem.” Talks Thursday will focus on the nuclear programme, though he stressed diplomacy remains on the table.Summary:Rubio calls Iran a “very grave” US threatSays Iran not enriching currentlyWarns Tehran seeking enrichment capabilityTalks Thursday to focus on nuclear programmeSays Iran pursuing intercontinental ballistic missilesMissile issue a “big, big problem”Flags conventional weapons riskDiplomacy “never off the table”US Secretary of State Marco Rubio described Iran as a “very grave threat” to the United States, adopting a firm tone ahead of renewed…
The GBP/JPY rallies for the second straight day, up by over 0.80% as Yen weakness extends, as the Japanese Prime Minister Takaichi nominates two slightly “dovish” academics to the Bank of Japan’s board. The cross trades at 211.94, slightly below the day’s high of 212.12.GBP/JPY Price Forecast: Technical outlookThe technical picture shows that the uptrend has resumed, after bottoming near the confluence of the 100-day SMA and a support trendline at around 207.62. Bullish momentum in the GBP/JPY rose as the Relative Strength Index (RSI) crossed aggressively above the 50-neutral level, an indication of buyer’s strength.GBP/JPY first resistance is 212.00.…