Review of trades of the Owl Smart Levels strategy for the week from January 30 to February 3, 2023 – Statistics – 6 February 2023
Today I present you an overview of deals made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from January 30 to February 3, 2023. Now it is not an easy period for trend strategies because the market has been stuck in a small channel for […]
It’s been a choppy week for the dollar, what are the key levels to watch?
If I were to describe it, I’d say that the dollar is on the brink still and that while there are some technical levels being stretched, they aren’t being broken as we look towards the central bank bonanza next week. But even before the end of the week and month-end trading early next week, it […]
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 […]
Levels Indicator for MT5 – ForexMT4Indicators.com
Introduction to the Levels Indicator Support and resistance levels are key elements on a price chart which traders should be aware of. This is because the market often takes interest on these levels, which often result in a strong market reaction. The Levels Indicator was developed to help traders identify potential support and resistance levels. […]
Monday morning open levels – indicative forex prices – 16 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 is very thin until it improves as more Asian centres come online. As usual for an early Asia Monday morning, prices are liable to swing around on not too much […]
Levels below 120.00 are plausible for later this year – MUFG
According to analysts at MUFG Bank, the Japanese Yen is set to gain further ground on the back of monetary policy expectations from the Bank of Japan. They consider possible a slide under 120.00 for later in 2023. Key quotes: “USD/JPY has fallen further still today and is now 15.5% down from the peak on […]
US stocks trade lower but not as bad as pre-market levels
The major US stock indices are opening with declines. Each are working on winning streaks with the NASDAQ at five days and the S&P and Dow at three days. A snapshot of the market six minutes into the opening is showing: Dow Industrial Average down -221.84 points or -0.65% at 33968.14 S&P index -29.65 points […]
The Difference Between Price Action Event Zones and Support & Resistance Levels » Learn To Trade The Market
Two of the primary features of any price chart that are critical components for any price action trader to thoroughly understand, are support & resistance levels and price action event zones. You are probably more familiar with “support and resistance levels” since they are one of the more basic technical analysis concepts and are pretty […]
How to Find Support and Resistance Levels
This post is written by Jet Toyco, a trader and trading coach. Support and resistance levels are probably the very first thing you learned in technical analysis. But as you try to apply the concept consistently… You can’t help yourself and ask: “Am I plotting my levels right?” “Am I plotting too many support and […]
What is Fibonacci Retracement: Levels, Chart and Tools Explained
2023-01-04 2023-01-04 What is Fibonacci retracement? How to trade using this indicator? Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Fibonacci retracement levels are the favorite technical analysis tool of swing and scalping traders. They are based on a harmonic mathematical sequence with the golden ratio. The Fibonacci retracement tool can track potential price reversal points during a correction and confirm […]