Forex Trading Short on Silver XAGUSD. Gold XAUUSD in Symmetrical Pennant Waiting for Fed.

Published on April 1, 2024

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In today’s GCI Market Outlook, let’s take a look at Forex Trading on GBPUSD, Gold (XAUUSD), and Silver (XAGUSD).

Last week we looked at Silver XAGUSD and we got some positive comments on YouTube, Facebook and Instagram.

So, let’s continue with Silver and we see that my warning about the stochastic oscillator was correct.

Price action continued to rise on the daily chart and the stochastic oscillator has followed higher and now it is overbought so we will monitor this looking for a move lower on both the indicator and price action.

If we move out to the 4-hour chart, we see a similar rise in price action and our technical indicators still moving up.

You may want to wait for the stochastic oscillator to move up and turn back here as well, and for the signal line of MACD to pass out of the histogram which is a bearish sign.

The situation on Gold is still the same as last week with price action consolidating even more. Why?

Before we look at, “Why?”, let me show you a trick.

I usually only like to use Bollinger Bands in ranging markets but there is a cool thing called the Bollinger Squeeze which may be happening now.

Here, for example, we see the squeeze which is almost always followed by a volatile move.

Here are two more from last year.

Price is consolidating on gold and most USD pairs as the market is waiting for Wednesday’s Interest Rate Decision and, more importantly, the press conference afterwards, then, the US Non-Farm Payrolls on Friday.

If the Fed want to lower Interest Rates sooner, price action on Gold and Silver will rise.

On Thursday the Bank of England will also, be looking at Interest Rates.

Some analysts feel that the BoE will reach their 2% inflation target in April, one year ahead of schedule which will mean possible Interest Rate cuts sooner and a weaker GBP.

Right now, we can’t see a safe short trade on GBP but watch for our Thursday video where we will sum up the USD moves and analyse the opportunities on GBP.

That’s all for now. Thanks for watching and don’t forget to Like, Follow and Subscribe and feel free to leave a comment on what you would like to see in future videos.

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How To Use Stochastic Oscillator

How To Use Stochastic Oscillator, Forex Trading Short on Silver XAGUSD. Gold XAUUSD in Symmetrical Pennant Waiting for Fed..

Currency Trading System – A Basic 1 2 3 Action Technique For Huge Gains

The more flat these two levels are, chances of a profitable range trading will be higher. This is something that you are not visiting on a simple backtest. This is where the false marketing is available in.

Forex Trading Short on Silver XAGUSD. Gold XAUUSD in Symmetrical Pennant Waiting for Fed., Get most shared replays about How To Use Stochastic Oscillator.

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Don’t put your stop to close, or within typical volatility – you will get bumped out the trade. You are looking levels which the market thinks about essential. When rates struck target take your profit in and wait on the next set up.

, if you desire to win at forex trading and take pleasure in currency trading success maybe one of the simplest ways to achieve it is to trade high odds breakouts.. Here we will take a look at how you can do this and make big profits.

Forex is an acronym of foreign exchange and it is a 24hr market that opens from Sunday night to Friday night. It is the most traded market worldwide with about $3 trillion being traded every day. With this arrangement, you can trade on your own schedule and make use of price Stochastic Trading fluctuations in the market.

The 2nd indication is the pivot point analysis. This analysis technique depends upon recognizing various levels on the chart. There are three levels that function as resistance levels and other three that serve as support levels. The resistance level is a level the rate can not go above it for a large period. The support level is a level the price can not go below it for a large period.

It must increase the profits and cut the losses: when you see a pattern and use the system you constructed Stochastic Trading , it needs to continue opening the deal if the revenues going high and close the deal if the losses going on.

Do you have a stop loss or target to leave a trade? Among the most significant errors that forex traders made is trading without a stop loss. I have actually worried lot of times that every position should have a stop loss however till now, there are many of my members still Stochastic Trading without setting a stop. Are you among them?

The easier your system is, the more profits it will create on a long term. When their trading system is easy to follow and comprehend, it is proven that traders operate in an optimum state.

Currency trading is a method of generating income however it likewise depends on the luck factor. But all is not lost if the traders make guidelines on their own and follow them. This will not only make sure higher profits but likewise lessen the threat of greater losses in trade.

I do the exact same thing with my existing customers. Your ability to get the very best from this technique depends on the method you efficaciously apply the technique. There are numerous types of charts that one can use in TA.

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