Trading within the price channel automatically – Trading Strategies – 6 February 2023
The MetaTrader Price Channel expert advisor draws the support and resistance levels, then trades when the price bounces back from the channel’s levels. The price Channel pattern is made of two trend lines positioned above (resistance) and below (support) the price. The price action is contained between these two parallel trend lines. The separation between […]
XAG/USD marches towards 200-SMA inside weekly bearish channel
Silver price renews intraday high to reverse the previous day’s slump to five-week low. 200-SMA, bearish chart formation keeps XAG/USD bears hopeful. Monthly high acts as the last defense of Silver bears. Silver price (XAG/USD) picks up bids to refresh intraday high near $23.55 as it bounces off the five-week low marked the previous day. […]
Microsoft: Still Trapped Within Descending Channel
Microsoft Corp., an American multinational technology conglomerate currently ranked the third largest company by market capitalization ($1.728T) which actively engages in the development and support of software, services, devices and solutions, shall release its Q2 2023 financial results on 24th January (Tuesday), after market close. Fig.1: Microsoft’s Revenue Segment (in billion USD). Source: Statista Microsoft […]
Gold Holds Bid Before Powell, Bulls Try Channel Top
Gold (XAU/USD) Price, Analysis, and Chart Gold has started 2023 in bullish form That trend continued into Tuesday’s session Hopes that US rates may not have much further to rise underpin sentiment Recommended by David Cottle Download our brand new Q1 Gold forecast Gold prices have risen on all but one trading day of 2023, […]
Dynamic Channel Momentum Breakout Forex Trading Strategy
Momentum breakouts are prime trading conditions wherein traders can find good trading opportunities. This is because momentum breakouts tend to cause price to move in one general direction and could often result in a trend. Momentum trading is a technical trading technique wherein traders would buy or sell a tradeable instrument based on the strength […]