Author: FX

The RSI MA Trade Sist Chart MT4 Indicator is a smart blend of two popular technical analysis tools: the Relative Strength Index (RSI) and Moving Averages (MA). This custom indicator plots visual signals directly on your chart, helping traders see potential reversals, overbought/oversold zones, and trend strength. It’s designed for all skill levels and works on most timeframes, making it a flexible choice for day traders, scalpers, and swing traders alike. Why Combine RSI and Moving Averages? RSI alone shows if a market is overbought or oversold, but it can give false signals during strong trends. Moving averages help confirm…

A light week lies ahead, as is typically the case following the NFP release. On Monday, there are no significant economic events scheduled for the FX market. On Tuesday, the highlight will be the RBA monetary policy announcement in Australia while on Wednesday, attention will turn to the RBNZ monetary policy announcement, followed later by the release of the FOMC meeting minutes in the U.S. On Thursday, the U.S. will release unemployment claims data and Friday, the U.K. will publish its GDP m/m figures with Canada releasing its employment change data and the unemployment rate. Throughout the week, some FOMC…

Gold prices fell in Philippines on Monday, according to data compiled by FXStreet. The price for Gold stood at 6,023.19 Philippine Pesos (PHP) per gram, down compared with the PHP 6,072.35 it cost on Friday. The price for Gold decreased to PHP 70,253.26 per tola from PHP 70,826.65 per tola on friday. Unit measure Gold Price in PHP 1 Gram 6,023.19 10 Grams 60,231.86 Tola 70,253.26 Troy Ounce 187,342.20 FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time…

ASX: BHP Group Limited – BHP Elliott Wave technical analysis Our updated Elliott Wave analysis focuses on BHP GROUP LIMITED (ASX:BHP), showing promising upward potential. The recently completed wave 2-orange appears to have formed a Zigzag pattern, indicating a possible rise with wave 3-orange underway. This section outlines our forecasted target range and the key price levels to confirm this bullish scenario. ASX: BHP Group Limited – BHP one-day chart (semilog scale) analysis Wave function: Major trend (Intermediate degree, orange). Wave mode: Motive. Structure type: Impulse. Wave position: Wave 3-orange. Details: Starting from the low at 33.25, wave 1-orange unfolded…

The Reserve Bank of Australia (RBA) is expected to cut its interest rates this week! Our Event Guide for the RBA July Decision suggests that the decision will likely result in shallow dips for the Aussie since the move is already priced in and widely expected. Here’s why AUD/JPY and AUD/NZD could be worth a look if the RBA delivers the anticipated 25bp cut. 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…

Many are expecting the RBA to announce yet another 0.25% rate cut in this week’s decision, but what if policymakers surprise the markets by sitting on their hands and suggesting a longer easing pause? Here’s what I’m watching on AUD/CHF and GBP/AUD in this scenario. 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

NZD/USD is forming a new trend channel with its higher lows and higher highs over the past couple of months. Is it due for another test of support soon? NZD/USD 4-hour Forex Chart by TradingView This Kiwi pair has been cruising higher since early May, driven mostly by lower expectations of further RBNZ easing and improvements in overall market sentiment. Still, stronger than expected U.S. NFP data for June led to a sharp boost for the dollar late last week, dragging NZD/USD down from its channel resistance. Can the pair find buyers at these correction levels? Remember that directional biases…

The RBA is expected to cut interest rates this week, but will Governor Bullock and her crew hint at more easing ahead? More importantly, how will the Aussie react to a move that everyone already sees coming? Here’s what you need to know if you’re trading the event. 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

Australian job advertisements rose 1.8% in June, reaching their highest level in a year, according to data from ANZ and Indeed. The increase was led by a 3.2% jump in private-sector vacancies, suggesting the labour market remains robust Job ads are now just 0.4% below year-ago levels and remain 16.1% above pre-pandemic norms. ANZ:labour market’s continued tightness supports the view that the RBA’s rate-cutting cycle will be shallowfurther 25 basis point cuts expected in July and AugustThe RBA is widely expected to lower the cash rate to 3.6% on Tuesday, following cuts earlier in February and May, as inflation pressures…

The Turn Area Chart MT4 Indicator is a user-friendly tool designed to visually highlight possible market turning points. It works by displaying shaded areas on the chart that indicate potential reversal zones. These zones are calculated based on price momentum, recent highs and lows, and volume behavior. Unlike complex indicators that overwhelm traders with too much data, this one keeps things simple—perfect for beginners and experienced traders alike. How Does It Work? This indicator tracks price movement patterns and automatically highlights areas where a reversal is likely to happen. When prices approach a shaded area, it suggests a possible change…