fxmtaaniacademy

fxmtaaniacademy Nov 29, 2022

The US dollar's previous bullish momentum met monthly resistance at the all-time high price of 114.750. Since then price action has been making lower lows and lower highs followed by a massive sell-off toward the support zone around 105.300. However, there is a rejection of lower prices at this support zone. This hypothesis can be validated by the double bottom...

fxmtaaniacademy Nov 21, 2022

Again, I am reminding retail traders, to avoid taking long positions on GOLD (XAUUSD). At least not on the current Ask price - $1737. There has been an increasing demand for GOLD by unidentified sovereign buyers. For what it's worth, XAUUSD is trading at very low prices. So, the price is expected to at least break previous highs or form new highs altogether. A...

fxmtaaniacademy Oct 5, 2022

The Euro is facing turbulent times and inflation is a crucial concern. Will the monetary policies of the BoJ boost the value of the Yen? That remains to be seen. Be keen on the entry, a SELL limit order at the resistance levels of 144.026 is more appropriate. Take care of the risk beyond 145.549. This trade will reward correct decisions at 134.958 - more than 800...

fxmtaaniacademy Sep 21, 2022

The price of crude oil is likely to continue dropping. The ravages of war have since been canceled out when the price fell below $95.40 - which was the price of crude oil before the war in Ukraine. The increased supply by the oil-producing countries is expected to be driving the equilibrium price downwards. Will the price go lower to the critical support zone at $33.28?

fxmtaaniacademy Aug 29, 2022

120.00 is the recent peak exchange rate for the US dollar against the Kenyan Shilling. For years on end, the Kenyan shilling has devalued against the US dollar, The incessant bull run can be attributed to a number of factors: - First, the strength of the US dollar. Second, is the weakening shilling. The US economy may very well be headed to an economic recession...

fxmtaaniacademy Aug 23, 2022

GBPJPY's daily chart has a falling wedge. A falling wedge is a bullish reversal signal. The trendline of resistance is steeper than the trendline of support. Price will likely break through the level of resistance. 161.150 and 159.900 are strong support levels. Targets around 168.00 will give you between 685 and 810 pips in reward. Adjust your trade size and stop...

fxmtaaniacademy Aug 10, 2022

The market sentiment on Gold is largely bullish. Does it mean we will see #XAUUSD surpass 1800.00 and maintain a strong bull run? Additionally, the risk of another geopolitical crisis in the Taiwan strait is significant. The dollar index is fairly weak, and inflation is a key concern. Technical analysis, prices to watch: - 1783, 1786, 1800, 1817. Happy pips.

fxmtaaniacademy Aug 7, 2022

The GBPJPY is currently in a daily channel with 168.000 High and 159.900 Low. The likelihood for a bullish move is much more significant around the support zone of 161.150. Bottom-line is that the bullish move will be triggered at support levels below the current price of 163.000.

fxmtaaniacademy Apr 18, 2022

The bears have been controlling the price of EURUSD for almost a year now. The war in Europe, for the past two months, has exacerbated the downward trajectory. Is it really the time for the EUR to attain parity with the USD? The dollar has received relief since the start of the war in Ukraine as it is seen as a safe-haven currency. Investors who seek safety and...