GER40 Maintains Rally Momentum, ATH the Next Move?
GER40,D1 GER40, Daily Despite the strong rebound in German factory orders, with a 3.2% gain in December, investors remain concerned about escalating Sino-US geopolitical tensions and the outlook for the global economy. Strong US jobs data increased speculation that the Federal Reserve may keep raising interest rates further to control inflation. United States Federal Reserve […]
Pullback looks favored before an upside break around 0.9280
USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near 10-period EMA will present a bargain buy for the market participants. The USD/CHF […]
Declines towards 127.00 amid less-hawkish Fed policy
USD/JPY is demonstrating a less-confident pullback move as the risk profile is extremely positive. A bear cross, represented by the 20-and 50-period EMAs around 130.00, adds to the downside filters. The RSI (14) has shifted into the bearish range of 20.00-40.00, which indicates that the downside momentum has been triggered. The USD/JPY pair has rebounded […]
Kiwi drops post-testing strength of the consolidation breakdown
NZD/USD has dropped firmly after sensing deep selling interest while testing the consolidation breakdown. Investors’ risk-taking capacity is dropping ahead of the interest rate decision by the Fed. The 20-EMA has acted as a major barricade for the New Zealand Dollar. The NZD/USD pair has resumed its downside journey after a pullback move to near […]
Momentum Indicator: Overview, Strategy, Examples for Forex Trading
2023.01.31 2023.01.31 Momentum Indicator for Trading Strategy 2023-2024: Full Guide with Charts and Examples Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Momentum indicator is a technical tool that determines the trend strength, direction of the price movements, and the further potential of the market development. Momentum indicators are used to analyse any market: Forex, stocks, commodities, cryptocurrency. The momentum indicator […]
European equity close: Another week of gains but the momentum slows
On the day: Stoxx 600 +0.2% German Dax flat France’s CAC -0.1% UK’s FTSE 100 flat Spain’s Ibex +0.2% Italy’s FTSE MIB +0.8% On the week: Stoxx 600 +0.6% German Dax +0.7% France’s CAC +1.3% UK’s FTSE 100 -0.2% Spain’s Ibex +1.5% Italy’s FTSE MIB +2.5% It’s been an incredible run to start the year […]
Accelerator Bands Momentum Forex Trading Strategy
Trading is much like a game of basketball. Two teams are playing. One side are the bulls and the other side are the bears. Both sides struggle to push their team for that win. Basketball is a game that is wherein momentum plays a very big role. In fact, many professional players would agree that […]
Envelope Momentum Forex Trading Strategy
Trend reversal and trend following strategies are very popular among many traders. This is because traders are often attracted to charts that are moving in one direction, either from the bottom left of the chart to the upper right corner of the chart, or from the upper left corner of the chart to the bottom […]
Reversal to 140.00 looks possible ahead of BOJ policy
EUR/JPY has managed to retreat back into the consolidation area placed in a range of 138.84-143.00. The cross has picked strength as anxiety among investors soars ahead of BOJ policy. A range shift by the RSI (14) into the 40.00-60.00 from the bearish territory indicates that the downside momentum has faded, The EUR/JPY pair has […]
Juggles around 140.00 after a vertical sell-off
The formation of Double Top amid less buying interest led to a sheer fall in the Euro bulls. EUR/JPY is hovering around the critical support at 140.00 and an absence of follow-up buying indicates the Japanese Yen’s strength. A bear cross, represented by the 20 and 50-EMAs, adds to the downside filters. The EUR/JPY pair […]