Author: FX
The RSI (Relative Strength Index) with Divergence MT4 Indicator combines two powerful concepts: momentum and divergence. While the regular RSI helps show whether a market is overbought or oversold, the divergence feature adds an extra layer by identifying when price and momentum move in opposite directions. This can signal an upcoming reversal. The indicator works directly on the MetaTrader 4 platform, making it simple to use for anyone familiar with MT4 charts. Why Divergence Matters in Trading Divergence is a key signal that many professional traders watch for. It happens when the price of an asset moves in one direction,…
GBP/NZD made a couple of failed attempts to close below the 2.2200 handle, creating what appears to be a double bottom pattern. Or is it just about to move sideways from here? GBP/NZD 4-hour Forex Chart by TradingView A less dovish than expected BOE decision last week lifted GBP/NZD close to its double bottom neckline at the 2.2600 major psychological level, as a couple of MPC members surprisingly voted to keep policy on hold. However, positive developments on the U.S.-China trade front also gave the Kiwi a significant boost and the improved risk sentiment dragged the pair back to the…
The UK Unemployment Rate rose to 4.5% in three months to March.The Claimant Count Change for Britain came in at 5.2K in April.GBP/USD holds gains near 1.3200 after mixed UK employment data.The United Kingdom’s (UK) ILO Unemployment Rate edged higher to 4.5% in the three months to March after reporting 4.4% in the quarter to February, data published by the Office for National Statistics (ONS) showed on Tuesday. The market forecast was for a 4.5% reading in the reported period.developing story …. Source link
U.S. crude prices pulled back from around $63.50, hinting that the longer-term downtrend for “Black Crack” might not be over just yet. We’re watching the 4-hour chart closely to see if WTI crude makes a run back to its April and May lows! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Risk appetite got a lift on Monday as U.S.-China trade tensions cooled, which briefly boosted oil prices on hopes of stronger demand. But that was yesterday’s news. Fresh progress in U.S.-Iran nuclear talks in Oman is fueling expectations that sanctions on Iranian crude exports could ease. At the same…
The big news to start the week was the trade truce between the U.S. and China which sent the dollar and risk assets rallying. Markets opened on a nervous note while details of the weekend talks remained limited, before crude oil and equity futures surged on confirmation that a 90-day pause has been called. Here are headlines you may have missed in the last trading sessions! Headlines: Over the weekend, China reported its headline CPI dipped 0.1% y/y as expected in April while its PPI fell from -2.5% to -2.7% as expected Japan Current Account for March 2025: ¥3,678.1B (¥3,000.0B…
The Relative Strength Index (RSI) is a momentum tool that shows whether a market is overbought or oversold. It moves between 0 and 100, with 70 and 30 as key levels. When the RSI goes above 70, prices are too high and might fall. If it drops below 30, it might mean prices are too low and could rise. Traders use this to spot potential reversals. RSI works best in trending markets and helps filter out bad trades when things move too fast. It’s simple, clear, and useful for both beginners and experienced traders. Bollinger Bands Bollinger Bands are made…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
EUR/USD took a tumble on Monday, closing 1.4% lower a brief test below 1.1000.A (temporary) walkback of US-China tariffs bolstered risk appetite.Key US CPI inflation data looms ahead, with EU GDP growth figures around the corner.EUR/USD took a hard step lower on Monday, kicking off the new trading week with a fresh dip below 1.1000 before a late recovery pushed the pair back toward 1.1100. The Fiber still closed 1.4% lower on the day, and investors are bracing for a fresh batch of United States (US) Consumer Price Index (CPI) inflation data due on Tuesday.Forex Today: All the attention shifts…
Goldman Sachs citing trade war developments:In light of these developments and the meaningful easing in financial conditions over the last month, we are raising our 2025 growth forecast by 0.5pp to 1% Q4/Q4 and reducing our 12-month recession odds to 35%. Now forecast a December FOMC rate cut instead of July”We have lowered our core PCE inflation path to peak at 3.6% (vs. 3.8% previously)The Wall Street Journal’s Timaroas with the info. -Earlier GS analysis of the trade war ceasefire: The large reduction in the US tariff rate on China should only have a limited impact on the overall US…
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee took a cautionary stance on the ever-evolving trade stance of the Trump administration on Monday. According to Goolsbee’s interview with The New York Times, constantly-changing tariffs and trade strategies from the White House have thrown a very large wrench in plans for hiring and investment for many industries, pinning the Fed in a wait-and-see mode on interest rates.Key highlightsOn the US-China tariff reduction: It is definitely less impactful stagflationarily than the path they were on.Yet it’s three to five times higher than what it was before, so it is going to…