Silver consolidates near a multi-month peak touched earlier this Wednesday. The technical setup favors bulls and supports prospects for additional gains. Any corrective slide could be seen as a buying opportunity and remain limited.

Silver consolidates near a multi-month peak touched earlier this Wednesday. The technical setup favors bulls and supports prospects for additional gains. Any corrective slide could be seen as a buying opportunity and remain limited.

NZD/USD has marked a nine-month high of 0.6355 on Wednesday. The New Zealand Dollar gains ground as the largest export partner China has injected fresh monetary stimulus. The US Dollar struggles following a weaker consumer confidence data adding to dovish sentiment surrounding the Fed.

NZD/USD has marked a nine-month high of 0.6355 on Wednesday. The New Zealand Dollar gains ground as the largest export partner China has injected fresh monetary stimulus. The US Dollar struggles following a weaker consumer confidence data adding to dovish sentiment surrounding the Fed.

AUD/JPY attracts some follow-through buyers and reacts little to Australian inflation figures. The headline CPI eased to 2.7% YoY in August, while the core CPI remains above the RBA’s target. Bets for another BoJ rate hike in 2024 to limit the JPY losses and keep a lid on the currency pair.

AUD/JPY attracts some follow-through buyers and reacts little to Australian inflation figures. The headline CPI eased to 2.7% YoY in August, while the core CPI remains above the RBA’s target. Bets for another BoJ rate hike in 2024 to limit the JPY losses and keep a lid on the currency pair.

Gold Price Forecast: Will overbought conditions trigger a XAU/USD correction? Gold price is consolidating near the highest level on record at $2,664 early Wednesday, struggling for a fresh upside boost amid a risk-on market profile and extremely overbought conditions on the daily...

Gold Price Forecast: Will overbought conditions trigger a XAU/USD correction? Gold price is consolidating near the highest level on record at $2,664 early Wednesday, struggling for a fresh upside boost amid a risk-on market profile and extremely overbought conditions on the daily...

Indian Rupee gathers strength in Wednesday’s early European session. Improved risk appetite and a weakening USD support the INR. Investors await the US August New Home Sales and Fed’s Kugler speech on Wednesday.

Indian Rupee gathers strength in Wednesday’s early European session. Improved risk appetite and a weakening USD support the INR. Investors await the US August New Home Sales and Fed’s Kugler speech on Wednesday.

. Patience and Confirmation Avoid jumping into a trade prematurely. Wait for confirmation that the breakout is genuine. 2. Emotional Control Breakout trading can be exciting due to fast price movements, but it’s essential to stick to the strategy and manage emotions. 3. Risk Appetite Breakout trades often involve higher risk due to volatility, so adapt position sizes based on risk tolerance.

. Patience and Confirmation Avoid jumping into a trade prematurely. Wait for confirmation that the breakout is genuine. 2. Emotional Control Breakout trading can be exciting due to fast price movements, but it’s essential to stick to the strategy and manage emotions. 3. Risk Appetite Breakout trades often involve higher risk due to volatility, so adapt position sizes based on risk tolerance.

Silver (XAG/USD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in wave ((ii)) ended at 29.68. The metal has resumed higher in wave ((iii)). Up from wave ((ii)), wave i ended at 30.27 and pullback in wave ii ended at 29.89. The

Silver (XAG/USD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in wave ((ii)) ended at 29.68. The metal has resumed higher in wave ((iii)). Up from wave ((ii)), wave i ended at 30.27 and pullback in wave ii ended at 29.89. The

Scenario: Trading USD/JPY with a Price Breakout 1. Step 1: Identify a horizontal resistance level around 110.00, where the price has previously reversed. 2. Step 2: Wait for the price to break above 110.00 with strong momentum. 3. Step 3: Enter a long position once the breakout is confirmed above 110.00. 4. Step 4: Set a stop-loss just below 109.80 (the breakout level), and set a profit target based on previous highs or Fibonacci extensions.

Scenario: Trading USD/JPY with a Price Breakout 1. Step 1: Identify a horizontal resistance level around 110.00, where the price has previously reversed. 2. Step 2: Wait for the price to break above 110.00 with strong momentum. 3. Step 3: Enter a long position once the breakout is confirmed above 110.00. 4. Step 4: Set a stop-loss just below 109.80 (the breakout level), and set a profit target based on previous highs or Fibonacci extensions.

The Australian Dollar retreats from its 20-month high of 0.6908. Australia’s Monthly Consumer Price Index increased 2.7% YoY in August, falling short of expected 2.8% rise and previous 3.5% rise. PBOC's Gongsheng announced to reduce the RRR by 50 basis points and the seven-day repo rate from 1.7% to 1.5%.

The Australian Dollar retreats from its 20-month high of 0.6908. Australia’s Monthly Consumer Price Index increased 2.7% YoY in August, falling short of expected 2.8% rise and previous 3.5% rise. PBOC's Gongsheng announced to reduce the RRR by 50 basis points and the seven-day repo rate from 1.7% to 1.5%.

1. Use Tight Stop-Losses Place stops just inside the breakout level to minimize losses from false breakouts. 2. Limit Position Size Keep risk per trade within acceptable levels by adjusting position size based on volatility. 3. Avoid Breakouts in Low Liquidity Markets Ensure there is enough market participation to support the breakout movement. 4. Use Trailing Stops Lock in profits as the price moves in your favor by using trailing stop orders.

1. Use Tight Stop-Losses Place stops just inside the breakout level to minimize losses from false breakouts. 2. Limit Position Size Keep risk per trade within acceptable levels by adjusting position size based on volatility. 3. Avoid Breakouts in Low Liquidity Markets Ensure there is enough market participation to support the breakout movement. 4. Use Trailing Stops Lock in profits as the price moves in your favor by using trailing stop orders.

1. Momentum Breakout Strategy Look for price breakouts with high volume and strong momentum, indicating a higher chance of sustained movement. 2. Pullback Breakout Strategy Wait for a small retracement after the breakout, then enter when the price resumes in the breakout direction. 3. Range-Breakout Strategy Trade the breakout from a well-established price range. These trades benefit from sudden price acceleration. 4. Volatility Breakout Strategy Focus on trading breakouts that occur after periods of low volatility, as they often lead to strong trends.

1. Momentum Breakout Strategy Look for price breakouts with high volume and strong momentum, indicating a higher chance of sustained movement. 2. Pullback Breakout Strategy Wait for a small retracement after the breakout, then enter when the price resumes in the breakout direction. 3. Range-Breakout Strategy Trade the breakout from a well-established price range. These trades benefit from sudden price acceleration. 4. Volatility Breakout Strategy Focus on trading breakouts that occur after periods of low volatility, as they often lead to strong trends.

et Cashback program. Access now for free! Close alert Gold price moves away from all-time peak, downside seems cushioned NEWS | 09/25/2024 06:31:29 GMT | By Haresh Menghani Gold price refreshes all-time peak amid bets for a further policy easing by the Fed. Bulls turn cautious amid overbought RSI, ahead of Fedspeaks and the US PCE data. Worries about a broader conflict in the Middle East also underpin the XAU/USD.

et Cashback program. Access now for free! Close alert Gold price moves away from all-time peak, downside seems cushioned NEWS | 09/25/2024 06:31:29 GMT | By Haresh Menghani Gold price refreshes all-time peak amid bets for a further policy easing by the Fed. Bulls turn cautious amid overbought RSI, ahead of Fedspeaks and the US PCE data. Worries about a broader conflict in the Middle East also underpin the XAU/USD.

1. Identify Key Support and Resistance Levels Look for areas where the price has previously struggled to break through. 2. Wait for the Break A breakout is confirmed once the price moves past the support/resistance level with strong momentum. 3. Enter the Trade Place a buy order above resistance or a sell order below support, typically with a small buffer. 4. Set Stop-Loss Orders Place stops just inside the breakout point to protect from false breakouts. 5. Set Profit Targets Use previous support or resistance levels, Fibonacci extensions, or volatility measures for exit points.

1. Identify Key Support and Resistance Levels Look for areas where the price has previously struggled to break through. 2. Wait for the Break A breakout is confirmed once the price moves past the support/resistance level with strong momentum. 3. Enter the Trade Place a buy order above resistance or a sell order below support, typically with a small buffer. 4. Set Stop-Loss Orders Place stops just inside the breakout point to protect from false breakouts. 5. Set Profit Targets Use previous support or resistance levels, Fibonacci extensions, or volatility measures for exit points.

USD/JPY flatlines around 143.20 in Wednesday’s early Asian session. Investors raise their bets on a jumbo rate cut from the US Fed in November. The BoJ Governor signals no rush to raise rates further.

USD/JPY flatlines around 143.20 in Wednesday’s early Asian session. Investors raise their bets on a jumbo rate cut from the US Fed in November. The BoJ Governor signals no rush to raise rates further.

1. Price Breakouts Occur when the price breaks above or below key levels of support or resistance. 2. Volatility Breakouts Triggered by an increase in volatility, often around news events or earnings reports. 3. Trendline Breakouts Occur when the price breaks a defined trendline, signaling a potential change in trend direction. 4. Chart Pattern Breakouts Include patterns like triangles, flags, and rectangles, where the price breaks out of the pattern’s boundaries.

1. Price Breakouts Occur when the price breaks above or below key levels of support or resistance. 2. Volatility Breakouts Triggered by an increase in volatility, often around news events or earnings reports. 3. Trendline Breakouts Occur when the price breaks a defined trendline, signaling a potential change in trend direction. 4. Chart Pattern Breakouts Include patterns like triangles, flags, and rectangles, where the price breaks out of the pattern’s boundaries.

1. False Breakouts Breakouts can sometimes reverse quickly, resulting in "false signals" that lead to losses. 2. Whipsaws Price may break out, only to quickly retrace, triggering stop-loss orders. 3. Requires Timely Execution Breakouts need to be traded quickly, requiring fast execution and market monitoring. 4. Choppy Markets Breakout strategies work best in trending conditions and may be less effective in range-bound markets.

1. False Breakouts Breakouts can sometimes reverse quickly, resulting in "false signals" that lead to losses. 2. Whipsaws Price may break out, only to quickly retrace, triggering stop-loss orders. 3. Requires Timely Execution Breakouts need to be traded quickly, requiring fast execution and market monitoring. 4. Choppy Markets Breakout strategies work best in trending conditions and may be less effective in range-bound markets.

1. Capturing Large Moves Breakouts often result in strong momentum, leading to substantial profits. 2. Trend Confirmation Breakouts can indicate the start of a new trend, offering long-term opportunities. 3. Clear Entry and Exit Points Once a breakout occurs, traders have well-defined entry points and targets. 4. Works Across All Timeframes Breakouts can be applied to any timeframe, from minutes to months.

1. Capturing Large Moves Breakouts often result in strong momentum, leading to substantial profits. 2. Trend Confirmation Breakouts can indicate the start of a new trend, offering long-term opportunities. 3. Clear Entry and Exit Points Once a breakout occurs, traders have well-defined entry points and targets. 4. Works Across All Timeframes Breakouts can be applied to any timeframe, from minutes to months.

e trading conditions, more profits. Only with FXStreet Cashback program. Access now for free! Close alert WTI edges higher above $71.00 on China stimulus, geopolitical risks NEWS | 09/25/2024 00:01:11 GMT | By Lallalit Srijandorn WTI gains ground near $71.30 in Wednesday’s early Asian session, the highest since September 2. Chinese stimulus plan and continued fear over Middle Eastern tensions underpin the WTI price. US Crude oil inventories fell by 4.339 million barrels for the week ending September 20, according to the API

e trading conditions, more profits. Only with FXStreet Cashback program. Access now for free! Close alert WTI edges higher above $71.00 on China stimulus, geopolitical risks NEWS | 09/25/2024 00:01:11 GMT | By Lallalit Srijandorn WTI gains ground near $71.30 in Wednesday’s early Asian session, the highest since September 2. Chinese stimulus plan and continued fear over Middle Eastern tensions underpin the WTI price. US Crude oil inventories fell by 4.339 million barrels for the week ending September 20, according to the API

A breakout occurs when the price moves beyond a defined support or resistance level, signaling the potential for a significant price movement. Traders use these breaks as entry points, assuming that the price will continue in the direction of the breakout. Key Characteristics: Common in volatile markets or during major news events. Often signals the beginning of a new trend. Traders typically use stop orders to enter positions immediately after a breakout.

A breakout occurs when the price moves beyond a defined support or resistance level, signaling the potential for a significant price movement. Traders use these breaks as entry points, assuming that the price will continue in the direction of the breakout. Key Characteristics: Common in volatile markets or during major news events. Often signals the beginning of a new trend. Traders typically use stop orders to enter positions immediately after a breakout.

Breakout trading is a strategy that seeks to identify key levels of support or resistance, then trade when the price breaks through those levels. The idea is that once a price moves outside of these established ranges, it will continue in that direction, offering the trader the opportunity to capture substantial moves.

Breakout trading is a strategy that seeks to identify key levels of support or resistance, then trade when the price breaks through those levels. The idea is that once a price moves outside of these established ranges, it will continue in that direction, offering the trader the opportunity to capture substantial moves.