A quick refresher for the previous article in the News Trading Made Easy series. In part 1, we went through the concept of DST(Daylight Savings Time) and the various versions for different countries that essentially change their time zones by an hour ahead and behind during a financial year. This will change trading schedules for the related brokers using DST. The reasons for creating a database and the benefits were addressed. A database was created to store the news events from the MQL5 Economic Calendar ...
The Euro is facing a week full of high-risk events and the single currency is looking at the ECB for stability and guidance on Thursday. Expect further EUR/USD volatility. more...
After over a 13% fall year-to-date, at the current levels, we believe Honeywell stock (NYSE: HON) has more room for growth. But the daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is testing Fibo level at 174 to below for the bearish trend to be continuing. Alternatively, the RSI indicator is showing for the oversold level for the daily price and the secondary ranging with possible bouncing to be above is more likely ...
The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention. The daily price is on ranging below and near Ichimoku cloud to be ready for the daily bullish reversal by breaking 1.0786 resistance to above or bearish market condition to be resumed in case the ...
Gold prices may continue to recover in the coming days if U.S. economic data worsens and cools bets for a more aggressive Federal Reserve monetary policy outlook. The daily price broke 200 SMA for the primary bullish reversal. The price is trying to cross 1,869 resistance line to above for the bullish trend to be continuing. more...
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