Technical analysis of US Crude, XAUUSD, and EURUSD for today (23 January 2023)
2023.01.23 2023.01.23 Short-term analysis for oil, gold, and EURUSD for 23.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The EURUSD broke […]
FIBONACCI IN THE FOREX MARKET – Analytics & Forecasts – 24 January 2023
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a […]
Market Update – January 23 – Same story new week!
Chinese New Year celebrations – many centres are closed in Asia. Treasuries sagged to end on a bearish week. USDIndex at 101.30 low as the market continued to price out a 25 bp rate hike on February 1 & BoJ’s latest attempt to keep a lid on yields, along with […]
Trade ideas thread – European session 23 January 2023
Dollar on the brink? That’s one possibility of a break to watch in trading this week, ahead of the FOMC meeting next week. Here are some key levels in consideration: EUR/USD is at fresh highs since April last year, pushing 1.0900 as buyers eye 1.1000 GBP/USD knocking on the door of its December highs at […]
FX option expiries for 23 January 10am New York cut
There isn’t anything significant on the board for today, with there being few expiries of note lined up for the week ahead as well. It’s a pseudo-holiday in markets with most of Asia out throughout the week, so that might be one reason but in terms of expiries interest, it has been quite limited so […]
Monday morning open levels – indicative forex prices – 23 January 2023
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! On a Monday morning, market liquidity Read this Term is very thin until it improves as more Asian centres come online. This Monday is a little different of course as many Asia centres are out today […]
Market Screener for MT4 and for MT5 – Analytics & Forecasts – 22 January 2023
This is a screener that allows to identify assets that are more than usually overbought (% growth)or oversold (% fall) within a selected period of time (time frame). The market is ruled by the law, buy cheaper, sell more expensive, but without an automatic scanner it is very difficult to identify assets overbought or oversold, say, within the current […]
What Is a Correction? – Analytics & Forecasts – 22 January 2023
In investing, a correction is usually defined as a decline of 10% or more in the price of a security from its most recent peak.1 Corrections can happen to individual assets, like an individual stock or bond, or to an index measuring a group of assets. An asset, index, or market may fall into a correction either […]
Correlation Between Risk and Return – Analytics & Forecasts – 22 January 2023
Yes, there is a positive correlation (a relationship between two variables in which both move in the same direction) between risk and return—with one important caveat. There is no guarantee that taking greater risk results in a greater return. Rather, taking greater risk may result in the loss of a larger amount of capital. A more correct statement may […]
how to use fundamental analysis in forex – Analytics & Forecasts – 22 January 2023
Those trading in the foreign exchange market (forex) rely on the same two basic forms of analysis that are used in the stock market: fundamental analysis and technical analysis. The uses of technical analysis in forex are much the same: the price is assumed to reflect all news, and the charts are the objects of analysis. But unlike […]