Forex fundamental analysis

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@asuquokelvin - 14 hours ago
Quoted - nsg_usd

News is often times a catalyst of what technicals is planning to do. In other words, it drives price in alignment with technicals.

News can be manipulative especially when the data comes out not really significantly high like the pci yesterday you will see that the main driver Can become the headlines not the datas, dollar was supposed to rise, ustech fall, gold falling as well but they all started strengthening but I knew price was just pricing base on investors sentiment , price went up on ustech and started falling again from 29684 , I was in a gold sell and because I knew that it was just a manipulative move I held my gold and closed this morning while one caught tp the others were manually closed

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@asuquokelvin - 14 hours ago
Quoted - nsg_usd

Good to Know. Thank you. For dollar to continue buying, it will have to pullback first. I'll take advantage of it on Silver or Gold.

But you got stopped out because the move was just a manipulative one, sorry, dollar will still rise it needs some momentum backup

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@asuquokelvin - 13 hours ago
Quoted - marvelous_treasure

I'm just coming online but thank you for this❤️

The news did something very funny, I entered the gold, eurusd and USDCAD trade but I got stopped out twice on USDCAD and Eurusd and decided to hold gold till morning because I saw it was a manipulation that gold must sell before buying today and I woke up to bags of gold in my account that's the chart image

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@asuquokelvin - 13 hours ago
Quoted - josiah_edem

Too high risk for the common trader

Although the news didn't give that high reaction it was the market that decided to move that way because there has been a lot upside on USD so decided to balance after the news, because despite dollar index was supposed to see more upside but instead it dumped, and I had a buy bias , like I was so sure but it failed

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@asuquokelvin - 12 hours ago
Quoted - marvelous_treasure

Uncertainties 😂❤️

Enjoy.

My profits was massive although I closed EURUSD and USDCAD on little loss but gold minus their money and gave me change, so am not really disturbed on that

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@asuquokelvin - 9 hours ago
Quoted - marvelous_treasure

Where we dey shutdown biko? 😂

We will use it for other opportunities , had a gold buy plan but it seems gold will sell, just waiting to see newyork session plans but below that 4040 I will look for sells

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