december

Good morning, Short-term context has turned into bullish on EUR. Now we consider 1.1040 target as possible to reach until the end of the week:

Hi Forex Trader, This is the last day of Daily Trades for 2023! The next Daily Trades post will begin Monday 15th January 2024. Thanks for a great trading year in 2023 and we will see you in 2024! I make my suggestions every day based on where I see the market heading over the next 24 hours...

Good morning, Despite gold starts some upside action, we suggest that 2nd downside swing of retracement is highly likely, based on indirect signs. Thus, we do not object against scale-in entry, but keep watching 2000-2005 area that gold still could achieve:

Good morning, Market is becoming quiet at the eve of Xmas holidays. Still, we keep watching for our intraday H&S setup on EUR. Despite that today we see upside action, the 2nd downside leg of retracement is not totally cancelled yet. We need to control couple of moments to get clarity on this...

Hi Forex Trader, I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market. My suggestions are posted by 6pm EST each day. Overall there is strength in the EUR...

Good morning, BTC has failed the first challenge of upside breakout, but bullish scenario is not cancelled totally. Mostly it depends on 40.25K lows:

Hi Forex Trader, I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market. My suggestions are posted by 6pm EST each day. For The Forex Trading Coach clients...

Good morning, Picture on weekly and daily time frames is not clear yet, both scenarios are possible. That's why until clarity comes, we stay focused on intraday charts and H&S pattern. Next week we watch for 2000-2005$ area of previous top which could become good indicator of the next direction:

Fundamentals As we've said in our FX report - most important event of this week is the Fed meeting, and particularly J. Powell statement on coming rate cut in 2024, that the Fed somewhere on the plateau of the rate policy. Yesterday we've discussed in details recent Fed meeting, explained why...

Good morning, Upside action last week was fast, and we have to exclude the chance that it was totally emotional. This week we intend to see how EUR will behave around major support areas and whether it will be able to keep bullish context now:

Fundamentals So, guys we're entering pre-Xmas week, activity gradually will decrease and quiet period, as usually will be in between of Xmas and NY. This week, no doubts, the major event was inflation statistics and central banks statements. Recent J. Powell press conference makes me think on...

Good morning, Based on recent performance and market sentiment, Gold could continue upward action together with other assets. Now we consider intraday bullish pattern and ability for position taking around $2015-2017 area:

Good morning, EUR, together with DXY take all questions on direction off the table. We suggest 1.1075 as nearest upside target. But now EUR at overbought and some pullback is highly probable. Thus, upside action supposedly will continue only next week:

Hi Forex Trader, I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market. Overall there is strength in the GBP and EUR, with minor strength in the CAD Overall...

Good morning, It is the same question on BTC as on Gold and EUR - wether recent rally is continuation of major upside tendency or we still could get 2nd downside leg. So, we intend to see what will happen with major resistance and want patterns will be formed in nearest few sessions:

Good morning, So, the Fed intruding has pushed gold far above expected 1995-2000 area. Now gold stands in the same situation as EUR - at the edge of the bearish context. And we intend to watch what patterns will be formed to understand next direction.

Good morning, So, the Fed has helped EUR to realize 2nd upside bounce. Now bearish scenario stands at the edge - either it starts or context turns to bullish with more extended upside target:

Hi Forex Trader, I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market. My suggestions are posted by 6pm EST each day. Overall there is strength in the AUD...

Good morning, Gold slowly drifts lower and we keep our 1956$ nearest target. Still, as price action stands in the channel, we suggest to wait for minor upward bounce before taking next short position:

Good morning, Yesterday we've got our 1st upside bounce to 1.0835 area and chance to sell EUR. At the same time, 2nd chance seems also possible if market completes intraday H&S pattern, say, due inspiring ECB comments. Conversely we should get major downside continuation which is our primary...