Author: FX
Litecoin has reached new lows near the 40 area within a five-wave bearish impulse, where we are now seeing some stabilization, which can be a signal for the bottom formation.The recent recovery attempt from the lows is starting to show some constructive signs, as Litecoin may be developing a leading diagonal structure to the upside. This type of formation can often appear at the beginning of a larger reversal and may provide the first indication that sellers are losing control.LTCUSD 4H ChartHowever, after completing wave (5) of a leading diagonal formation, we may now see a corrective ABC pullback before…
TIM S.A. reports Q2 results Source link
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com Source link
Bias: Gold futures remain trapped in a short-term trading range near the psychologically important $4,000 level. The better risk-to-reward currently appears on the bullish side, but only if buyers first reclaim the tightly packed resistance cluster near $4,024-$4,025.Key takeaway: The preferred bullish setup requires at least two consecutive 30-minute closes above $4,025. That could open a recovery toward $4,029, $4,034, $4,042 and $4,052. Sustained trade below $4,009 would be bearish, but the proximity of $4,000 and several nearby support references makes the short-side risk-to-reward less attractive.August gold futures were trading near $4,011 when this analysis was prepared, following a rejection…
A divided Fed, stubborn inflation, and a falling dollar left traders with a puzzle that could shape September’s biggest moves. Source link
USD/CHF is returning to an established trend after pulling back to a key inflection zone. Here’s what we’re seeing on the 4-hour time frame! Source link
Gold (XAU/USD) attracts buyers for the second straight day, though it remains confined within the previous day’s range and trades below the $4,100 mark during the Asian session on Thursday. The US Dollar (USD) gains some positive traction following the previous day’s post-FOMC fall and turns out to be a key factor acting as a headwind for the commodity. Inflation concerns stemming from escalating US-Iran tensions keep US Federal Reserve (Fed) rate hike bets firmly on the table, which, in turn, is seen supporting the USD and capping the non-yielding bullion. As was widely expected, the US Federal Reserve (Fed)…
USD/JPY sits under a fresh high as the Fed held rates as expected while the Bank of Japan (BOJ) is lined up to announce its policy decision. Source link
The Parabolic SAR Arrow Indicator MT4 is a trend-following technical indicator built around the original Parabolic Stop and Reverse (SAR) algorithm. Instead of displaying only the familiar SAR dots above or below price, it adds visual arrows whenever the trend changes direction. These arrows make it easier to spot possible entry points without constantly watching every candle.The indicator works well in trending markets because it attempts to identify when momentum shifts from buyers to sellers or vice versa. Many swing traders use it on the 1-hour, 4-hour, and daily charts where price movements tend to be cleaner than lower timeframes.Unlike…
The Fed held 9-3 with no guidance, Iran struck a U.S. base, and a chip rout hit the S&P. Branch status and Thursday’s core PCE plan inside. Source link