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Abstract:#trading #forex #currency #investing #forexmarket #technicalanalysis
NZD : 3.90% || AUD : 3.26% || USD : 2.70% || CAD : 2.67% || CHF : 0.54% || EUR : 0.44% || JPY : 0.00% || GBP : -0.09% || BUY NZDCHF || SELL EURNZD || BUY NZDJPY || SELL GBPNZD || BUY AUDCHF || SELL EURAUD || BUY AUDJPY || SELL GBPAUD || BUY USDCHF || SELL EURUSD || BUY USDJPY || SELL GBPUSD || BUY CADCHF || SELL EURCAD || BUY CADJPY || SELL GBPCAD ||
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Gold prices soared above the $2,500 mark for the first time, driven by expectations of potential interest rate cuts, which have weakened the dollar to its recent low levels. Market participants are now focused on Wednesday’s FOMC meeting minutes for insights into the Fed’s next monetary policy moves.
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The forex market presents both opportunities and challenges, with technical analysis being crucial for successful trading. This article outlines the five essential steps for mastering Forex MT4 technical analysis: identifying trends, utilizing technical indicators, determining entry and stop-loss points, analyzing price charts, and performing real-time monitoring and adjustments. By following these steps, traders can enhance their understanding and application of technical analysis, ultimately improving their trading accuracy and success rate.
Wednesday's major data releases and macroeconomic events are expected to cause volatility to increase after another day of erratic trading in the financial markets. The Spring Budget for the UK will be released, and January Retail Sales figures for January will be made available by Eurostat. ADP Employment Change for February and January JOLTS Job Openings will be discussed later in the session on the US economic docket.