The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

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Recent Posts

21
Moderna halts plans to build Kenya vaccine plant as Covid shot demand plunges

Moderna's decision aligns with its broader effort to cut costs by resizing its Covid vaccine-manufacturing footprint.
Source: Moderna halts plans to build Kenya vaccine plant as Covid shot demand plunges
22
Stock market today: US futures tread water as Wall Street remains cautious



Source: Stock market today: US futures tread water as Wall Street remains cautious
23
Apple mất danh hiệu nhà sản xuất điện thoại số 1 vào tay Samsung

Do những thách thức tại Trung Quốc, Apple đã tụt xuống vị trí thứ 2 với 17,3% thị phần, xuất xưởng 50,1 triệu chiếc iPhone, giảm so với 55,4 triệu chiếc cùng kỳ năm ngoái.
Source: Apple mất danh hiệu nhà sản xuất điện thoại số 1 vào tay Samsung
24
Ron Insana's new firm aims to bring AI-powered trade ideas to individual investors

The firm, called iFi AI, launches Wednesday and will use AI models to help generate projected returns for stocks over various time periods.
Source: Ron Insana's new firm aims to bring AI-powered trade ideas to individual investors
25
General Discussion / Re: Daily Market Analytics - Forex
« Last post by FXOpen Trader on April 16, 2024, 11:12:10 AM »

GBPUSD Technical Analysis – 16th APR, 2024

GBPUSD – Resistance of Channel is Broken

 
GBPUSD opened this week on an uncertain note after which we can see that the prices have started to move towards the consolidation phase.
We can see the resumption of the Uptrend within the Hourly chart of GBPUSD today.
The Resistance of the Channel is Broken in the 15-minutes Timeframe.
The MACD Indicator is back over Zero indicating the Bullish Trend formation in the 30-minutes timeframe.
The prices of GBPUSD are ranging Near the Support of the Channel in the Daily Timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
  • Pound bullish reversal seen above the 1.2426 mark.
  • Short-term range appears to be Neutral.
  • GBPUSD continues to remain above the 1.2440 levels.
  • Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2448 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2460 after which we can see an upwards bullish pressure towards the 1.2483 which is a 14-3 Day Raw Stochastic at 20%.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog
26
General Discussion / Re: Daily Market Analytics - Forex
« Last post by FXOpen Trader on April 16, 2024, 11:08:55 AM »
EURUSD Technical Analysis – 16th APR, 2024

EURUSD – Bullish Trend Reversal


EURUSD started this week moving in a zigzag pattern and we can see that the prices entered into a consolidation phase yesterday after which we can see the resumption of the Uptrend.
We can see the formation of a Bullish Trend Reversal pattern with both the Moving Average and the Adaptive Moving averages in the 30-minutes timeframe.
Some of the Technical Indicators are also giving a Neutral stance present into the markets.

We can see that the MACD crosses UP its Moving Average in the 4-hourly timeframe indicating a Bullish Trend present into the markets.
The Resistance of the channel is broken in the 15-minutes timeframe indicating the Bullish tone of the markets.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
  • Euro bullish reversal seen above the 1.0607 mark.
  • Short-term range appears to be Neutral.
  • EURUSD continues to remain above the 1.0620 levels.
  • Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0663 which is a Price 2 Standard Deviations Resistance.
EURUSD is now trading below its Pivot levels of 1.0627 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0601 and is moving towards its next target of 1.0663.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog
27
General Discussion / Re: Daily Market Analysis By FXOpen
« Last post by FXOpen Trader on April 16, 2024, 08:55:01 AM »
XAU/USD Gold Price Reaches an Important Resistance Zone


The XAU/USD gold chart today indicates that the historical record price of the metal is above USD 2,400 per ounce.

In addition to fears of a new round of inflation due to rising commodity prices, geopolitical tensions are seen as the most important reason for the growth. At the moment, there are both active military conflicts on the planet (Ukraine, Israel-Iran), and there is a threat of creating new ones (Taiwan, for example). The US national debt and upcoming elections may also act as a destabilizing factor.

Therefore, gold acts as a traditional safe-haven asset. According to Goldman Sachs analysts, gold is in an “unshakable bull market”, so they raised their gold price forecast from USD 2,300 to USD 2,700.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.
28
The S&P 500 Is Near Its Record High: The 2 Worst Mistakes Investors Can Make Right Now



Source: The S&P 500 Is Near Its Record High: The 2 Worst Mistakes Investors Can Make Right Now
29
General Discussion / Re: Daily Market Analysis By FXOpen
« Last post by FXOpen Trader on April 15, 2024, 01:09:53 PM »
Hong Kong Stocks Become Top Risers After  Earnings-price ratio Ride Subsides


Hong Kong enjoyed a sterling reputation for an entire century as a highly polished, utterly stable mantlepiece upon which global corporations could comfortably sit and where an international talent base could reside in fabulous surroundings and approach European, American, African and Asian markets with aplomb.

Its financial markets economy has been recognized as one of the most developed in the world to the extent that despite its tiny size, it has its own reserve currency, which is a bastion of fiscal might on the world stage.

These days, however, things are somewhat different as the independent nature of Hong Kong is now a fading memory, and its return to governance under the auspices of mainland China is now widely accepted.

Having conceded its position as the world's meeting place to other global cities such as Singapore and Dubai, Hong Kong has gone through a sea change over recent years, which is reflected in its stock market performance.

At the beginning of 2024, it had become clear that several decades of wealth generation among Hong Kong-based businesses had been eroded since the realm of power was handed back to China, with the stock market being valued at a lower point than when Hong Kong's British era ended in 1997 at the expiry of the lease at which point Hong Kong became a Special Administrative Region of China.

That is quite some depreciation. Since the beginning of this year, however, swathes of volatility have been clearly apparent in Hong Kong's Hang Seng 50 Index.

Going back over the years, performance has been incredibly volatile, to say the least. Back in 2022, the variations were simply incredible. On January 6 that year, the Hang Seng 50 index was at 21869.8 points according to FXOpen pricing. However, this plunged dramatically to 14,849 just four days later on January 10.

A similar situation took place at the beginning of last year; however, by January 2024, stock prices in Hong Kong were not only at a very low point but also stagnant.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.
30
Núi xe vi phạm chất đống ở TP.HCM, nguy cơ cháy nổ khi nắng nóng kéo dài

Hàng ngàn xe máy vi phạm luật giao thông, xe tang vật... nằm chất đống khiến các bãi xe ở TP.HCM luôn trong tình trạng quá tải, tiềm ẩn nguy cơ cháy nổ, nhất là khi mùa nắng nóng kéo dài.
Source: Núi xe vi phạm chất đống ở TP.HCM, nguy cơ cháy nổ khi nắng nóng kéo dài

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