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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (252579 Views)
Forex Trade Alerts: Season 23 / Forex Trade Alerts: Season 22 / Forex Trade Alerts: Season 20 (2) (3) (4)
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Re: Forex Trade Alerts / Discussions: Season 24 by geedot: 8:11pm On Jan 28 |
Pclemenza:Just follow this channel on telegram and get unlimited access to premium courses. This is the username: FOREXCOURSES2024. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 8:49pm On Jan 28 |
Evening folks |
Re: Forex Trade Alerts / Discussions: Season 24 by Cara12(f): 9:04pm On Jan 28 |
boom99: Remove the spaces. https://discord . /R5CX3rsPFD 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 9:05pm On Jan 28 |
Pclemenza: Join the forexcourse2024 group instead as recommended by geedot Search for dapo If you are in the telegram group,.invite link to the group is there as well 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 9:14pm On Jan 28 |
geedot:I just followed this channel .they have 1kplus forex eBook and courses |
Re: Forex Trade Alerts / Discussions: Season 24 by Jameselias: 9:43pm On Jan 28 |
E bi like say nostro wan start weekly competitions |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 9:43pm On Jan 28 |
geedot: Thank you. Our FTA telegram group is good to drop those relevant and resources links for all. Thumbs |
Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 9:43pm On Jan 28 |
. |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 9:44pm On Jan 28 |
Cara12:Put it in our FTA telegram group |
Re: Forex Trade Alerts / Discussions: Season 24 by Pclemenza: 9:52pm On Jan 28 |
geedot:Helpful, thank you very much. |
Re: Forex Trade Alerts / Discussions: Season 24 by Pclemenza: 9:52pm On Jan 28 |
Geovanni412:Helpful, thank you very much. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Eaglepixel: 10:07pm On Jan 28 |
Please which pair is unaffected by fomc or cpi again |
Re: Forex Trade Alerts / Discussions: Season 24 by Jameselias: 10:10pm On Jan 28 |
Eaglepixel: The question is why can't you stay out of the market during FOMC or CPI News 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by XAUTrader4L2: 10:14pm On Jan 28 |
Gold has being in a range since the ATH, a break of the recent higher low should see gold in a decline to the demand zone for more buyer momentum. Break of the recent lower high and it keeps going higher. I favor the downside. 1 Like 2 Shares
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Re: Forex Trade Alerts / Discussions: Season 24 by HeatSeeker(m): 10:18pm On Jan 28 |
Support/Resistance vs Demand/Supply zones |
Re: Forex Trade Alerts / Discussions: Season 24 by Jesusmyking(m): 10:42pm On Jan 28 |
Hello family, please anyone has a Twitter account just laying around even if no followwrs they set up but aren't using? Please help me with one of you can |
Re: Forex Trade Alerts / Discussions: Season 24 by depato88(m): 10:58pm On Jan 28 |
infofirst: Evening boss....so we now have FTA telegram group? ...link pls I wanna join |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:30pm On Jan 28 |
My weekly forecast; DXY Overall, I'm still bullish on the DXY, as strong fundamentals continues to come out of the US economy, from the first week of the year, NFP data came out higher for the month of December, CPI also came out higher in the month of December which gave the impression that inflation remains sticky, retail sales coming out stronger showing the resilience of consumer spending in the US, strong weekly jobs report except for last week showing that the labour market remains tight, strong manufacturing and services PMI which shows that production or the industries is in expansionary territory, an outstanding GDP which beats investors expectations and with the icing on the cake, PCE deflator, the Fed's favorite tool for gauging inflation came out higher on the month over month report and tricked lower in the year over year report. this shows that the US economy is still performing well or better compared to their counterparts in the global economy or among the G7 countries. If we recall December's price action for the month of December, was pretty bearish for the DXY due to the Fed pause in the FOMC meeting in November, which fuel the stock market greed, as expectations were running high that the Fed is going to cut rates starting from March 2024, but recent economic data and comments from various members of the federal reserve has not only push back but also dial down the bets of an early rate cut in March, because they needed to be sure that inflation will steadily go down to the 2% level before they start cutting rates. if they cut rates too early, it could trigger a recession in the US economy which they are fighting to avoid. At the moment now the Fed has achieve a soft landing in the US economy with the recent economic data, this means that they have successfully tame inflation without triggering a recession while the US economy is still performing well and expanding aka the goldilocks. So the Fed would not be in any haste to cut down interests rate they may wait till Q2 of 2024 specifically in May before they begin to pivot, although this is my speculation but Powell may reveal the Fed stance and the next step of action in their upcoming FOMC meeting on Wednesday. And lastly, seasonal data shows that the month of February tends to be a bullish month for the DXY, I will continue to be bullish on the DXY as long as strong or positive economic data continues to come out of the US and price action continues in an uptrend or bullish market structure, although we could see some bearish corrections or deep retracements, it won't change my bias on the DXY so levels of liquidity that I am watching are, 103.80, 104.26 and subsequently 107.38
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:31pm On Jan 28 |
US treasury yields the treasury yields are all bullish and rallying due to strong economic data from the US and also the decline in expectations of a March rate cut made all the yields to stay afloat. we can also see an inverse head and shoulder forming on the US02Y which is a bullish chart pattern
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:33pm On Jan 28 |
GOLD I am bearish on gold, from a technical perspective, we can see that gold has struggled to breach the 2074 level, every time it came close to it, it deeply corrects to the downside. the high of 2074 was made during the covid pandemic era, and after that it corrected to the downside, when Russia invade Ukraine in Feb 2022, gold rallied close to the high of 2074 but it failed to breach the zone and corrected deeply to the downside, last year October 2023, when Hamas attacked Israel and carried out an onslaught in Israeli soil leading to the current invasion of Palestine by the Israeli army which spiked up fears of an escalation of tension in the middle east, and also the end of year rally when Powell admitted that they were going to start cutting rates in 2024, we see gold rallied crazily and even breaching the 2074 level for a brief moment but failed to close above the level, and ever then gold has steadily been declining as a result of rising yields and strong economic data from the US (gold has a negative correlation with the dollar). where does this leave us now, as the saying that says history repeats itself, we should expect a deeper correction to the 1980 levels due to the following reasons: 1. it failed to breach the 2074 level for the third time. 2. the US dollar remains strong on the back of rising yields and strong economic data, although gold has been range bound for the last two weeks, this is due to geopolitical tensions in the middle east, specifically the red sea saga, within last week the houthi's attacked two US cargo ships sailing through the red sea, thereby spiking up fears, this somehow gave strength to gold, as demand did rise a bit but it still wasn't enough to help gold break off the grizzly grip of both the US economy and the treasury yields. 3. In the event that Fed chair Jerome Powell gives a hawkish remark in the upcoming FOMC meeting on Wednesday, this will definitely make gold break out of its consolidation and plunge much lower as the DXY will definitely rally on a hawkish remark but should he give a dovish remark and thereby hinting at an early rate cut, we definitely will see gold break above 2030 and maybe 2050 level, but it ultimately depends on what step of action that the Fed's intend to take onwards. besides this are just my humble speculation and I could be horrendously wrong, it would be wise to be adaptive to the market as price unfolds And lastly, gold is in a MMSM on the 4h timeframe 2 Likes
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:35pm On Jan 28 |
US30
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Re: Forex Trade Alerts / Discussions: Season 24 by Eaglepixel: 11:35pm On Jan 28 |
Eaglepixel:Greatcher and co pls |
Re: Forex Trade Alerts / Discussions: Season 24 by HeatSeeker(m): 11:43pm On Jan 28 |
Eaglepixel: Generally, pairs that don't include the US dollar. |
Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 11:46pm On Jan 28 |
geedot: why can't i learn different strategy,its better i even know how to ride a trend and end it. It's only when i see my A+ setup then i don't care about opposite opinion cus it has been making me the kill ever since... That was how i told a guy in a Group that i was trading against gold trend,he screamed and was like never trade against a trend,i just laugh shake head, even martingaling one said it was forcing of trade Well,Different stroke for different folks sha That said, i understand now why you're buying...just curious. You've have been in this strategy for long so you know familiar set-ups you just gave a warning never to buy when weekly is going down simply because of a novice in the strategy i guess... |
Re: Forex Trade Alerts / Discussions: Season 24 by Eaglepixel: 12:23am On Jan 29 |
HeatSeeker:The pair is aud /nzd_ usd i can't remember . |
Re: Forex Trade Alerts / Discussions: Season 24 by FXcandles(m): 12:51am On Jan 29 |
Tensions in Red Sea seem to be starting to have an impact on oil prices recently. US Crude oil prices began to form a bullish pattern after crossing the upper band line near the 75 price level. This may end the long-term decline that has been going on since September 2023. It is clear that today there is a gap in oil prices, the open price is much higher than the close last Friday. The price of US crude oil or XTIUSD is up high at 78.71 at the time of writing. Other fundamental news: US sanctions on Russia caused it to stop 10 million barrels of Russian crude oil for weeks. The 10 million barrels of oil were carried by 14 tankers, came from the Sokol type from Sakhalin-1 and remained unsold due to Western sanctions and were stranded in South Korea. 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by HeatSeeker(m): 6:54am On Jan 29 |
Eaglepixel: Nah! AudUsd and NZDUSD behaved exactly the same way other USD pairs behaved when the last CPI was released (earlier this month). Check the candle stick that formed on the 15mins TF during the news release. They all looked alike for the USD pairs. Gold was the worst of all. |
Re: Forex Trade Alerts / Discussions: Season 24 by nzechu(m): 7:39am On Jan 29 |
Davigle:bros good morning, kindly de give space between paragraphs. It aids readability 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by TrennixGLOBAL: 8:23am On Jan 29 |
Davigle: Bro i have downloaded the stark vpn and done the new updates stuff but i can't seem to connect it and i don't know which settings to choose. Please can you tell you which settings you picked for either MTN or Airtel cos i use both sims. Thank you. |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 9:05am On Jan 29 |
Aud/nzd SELL!!!
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Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 9:21am On Jan 29 |
Very risky trade sell Eu now It's a monday morning hence its risky Quick scalp trade 2 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 9:40am On Jan 29 |
wuyexzy01:For a good risk to reward ratio i would have entered on the break and retest of the trendline then again i don't trade cross pairs
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