My trading journey with FXOpen

[radex78]

The USD tends to strengthen on the daily timeframe against the Japanese Yen. This strengthening is expected to continue.

 

[radex78]

The RBA will announce interest rates today, with interest rates expected to remain unchanged. The USD has strengthened in recent days. Choose the sell option on this pair.

 

[radex78]

The US dollar strengthened, apparently driven by the Fed's hawkish tone on interest rate policy, which is expected to result in a December cut, but this remains uncertain if data doesn't support it. A pending sell limit order is placed on the GBPUSD pair.

 

[radex78]

Pending orders were liquidated, almost hitting the stop loss. There is no significant economic news today, but the market could fluctuate if new news suddenly arises and the market responds.

 

[radex78]

A gap occurred at the market open, with USD/JPY opening with a gap up significantly above Friday's close. The USD is weakening, but uncertainty remains amid the US government shutdown. It's safer to wait for the price to close the gap, even if there are signs of USD weakness.

 

[radex78]

Silver prices continued their rise yesterday. Typically, when the USD weakens, precious metals like silver and gold will rise. Besides being quoted in USD, these commodities tend to experience increased demand as safe-haven assets amid global uncertainty.

 

[radex78]

The euro is trending bullish against the yen, having set new record highs in recent years. However, the price has now risen significantly, possibly overbought. Consider pending orders, given the relatively stable fundamentals of the eurozone economy and the Bank of Japan's ultra-loose policy.

 

[radex78]

The USD strengthened yesterday, as evidenced by the DXY's rise, drawing a bullish candle. Currently, USD/CAD is consolidating after a pause in gains. Wait for a price rebound with a pending order.

 

[radex78]

The USD tends to strengthen as expectations of a Fed rate cut fade, coupled with the hawkish stance of many Fed officials. The Japanese yen is weakening, and if the USD/JPY continues to rise, it could rise again.

 

[radex78]

USDCAD is expected to be in a range market. Volatility tends to be weak on the 15-minute timeframe. The US dollar index remains strong but hovers near the resistance level. Consider a pending buy limit order on USDCAD while awaiting the release of US PPI and retail sales data.