FOREX OUTLOOK 2024 Here are my thoughts on the forex outlook 2024. We have had multiple pairs showing signs of reversal and continuation. I will use supply and demand concepts to analyze where I think the market will head in 2024. GBPUSD On the monthly charts we have a long term bearish scenario. After a […]
2024 OIL OUTLOOK On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90
LIQUIDITY IN FOREX TRADING Understand that for a trade to occur, there must be two counterparties; a buyer and a seller i.e. for every buyer, there must be a seller and the reverse is true. Liquidity is the ease with which one can convert an asset to cash without losing significant value. For instance,
FOREX WATCHLIST WEEK 49, 2023 XAGUSD On the weekly timeframe, we have bearish trend with minor corrections. Presently, we are in the tail end of a bullish correction. On the 4 hour charts we have registered a change of character signaling a reversal of trend is in the horizon. EURUSD For the better part
