Markets Confused After Fed’s Powell Cut Interest Rates. Friday 02/08/2019 Two days ago, the Federal Reserve cut the interest rates for USD by 25bp. It is the first time in over a decade that the Fed cut the interest rates. Usually, when interest rates cuts, the USD get lowered and the stock markets rise up. […]
Candlestick Pattern With Price Action Analysis For EUR/USD Thursday 06/06/2019 On the 1D chart, the previous day’s candle has ended as an outside bar candlestick pattern, which is a reversal pattern. We can see how this candle was engulfed the day before. The height of the outside bar was higher than the height of the […]
Friday 24/05/2019 EUR/USD had a really nice, strong rally yesterday. When the price moved up it created two fresh demands. The one below us is a great level for buy position and in order to continue the short term bullish momentum that we see at the moment, the price just reaches that demand. If it’s […]
Thursday 02/05/2019 Yesterday, the EUR/USD was dropped down from about 70 pips in about 10 minutes, This creates a new and fresh supply for day trade above, which is also a Quasimodo level pattern, after a few higher -lows, the price creates a new lower-low with one sharp move down. That supply is a great […]
Monday 29/04/2019 For the long term, the EURUSD is bearish. The USD get strong against all the other currencies almost, In the H1chart, there is a great supply above, that supply can be a great continuation level For sell position. In the weekly chart, I marked the demand at the bottom as the final destination […]
Friday 19/04/2019 For the long terms (daily or weekly chart), we can see that EURUSD is bearish. Yesterday, the price dropped from 1.1300 zones and created a fresh new supply level, That supply, can be the sign that the long terms bearish momentum is continuing and it’s a time to look for sell position, also, […]
Sunday 07/04/2019 It seems the bearish trend in the H1 chart has ended, The EUR/USD price now starts to create a Head and Shoulders pattern, which is usually a reversal pattern. For now, the Head and Shoulders pattern is almost Completed, if the EUR/USD price will break out the confirmation zone which is also the […]
21/03/19 After the struggle between the buyers and sellers in EUR/USD, we can see the price jump away fast and strong, It indicates that there was a huge difference between the buy orders and sell orders, much more buy orders at this level, That situation creates the demand below, It means there Are more unfilled […]
As we can see in the 1-hour chart on EURUSD there is a divergence between the MACD indicator and the price himself, while the price creates high and higher High, the MACD shows high and lower high, this divergence indicates that the buyers of this uptrend getting wick, I’ll still wait to see if the […]
A quick and useful guide to the four main types of forex brokers Market Maker, STP, ECN or Liquidity Providers Understanding the breakdown of the forex broker market can be somewhat confusing. This is because at its core, the forex market is decentralized and dependent on a network of inter-banking systems. Since there is no […]
