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The FXGT Blog
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Technical Analysis
Forex Trading
Beginner
8 August 2024
Bitcoin Nears $100K Amid Key Economic Data and Trump's Crypto Shake-Up
Major economic data releases, including U.S. Retail Sales and Unemployment Claims, along with the UK's Retail Sales figures, are set to influence market trends and curren...
8 August 2024
Crude Oil Insights: Riding the Waves of Economic Shifts and Market Signals
Despite rebounding from their lows, Crude Oil prices have remained mostly flat this year due to concerns about a global economic slowdown, as evidenced by various economi...
2 August 2024
GBPUSD on the Edge: Will Nonfarm Payrolls Ignite a Market Reversal?
Despite the soft ISM Manufacturing PMI, which has consistently been below the 50 benchmark since November 2022, the Bank of England's recent 25 basis point rate cut led t...
27 July 2024
NZDUSD Plunges for Three Consecutive Weeks
The NZDUSD has plunged for three consecutive weeks, declining by more than 4% as of the time of writing.
25 July 2024
Signs of Economic Slowdown Amid Weak Earnings and Indicators
The latest disappointing earnings reports from major companies, as well as weak economic indicators, suggest a potential slowdown in the US economy.
3 April 2024
Gold defends gains above $2,250; Attention turns to Friday’s NFP data
Rally to Record Highs: Gold has been witnessing a significant rally, pushing to new all-time highs above $2280. The current bullish wave reflects a market adjusting to th...
3 April 2024
WTI Crude Oil Hits Five-Month High
The start of the week marked a pivotal moment for crude oil prices, as they surged beyond the $83 barrier, marking a clear signal for trend continuation. After hitting th...
3 April 2024
Technical overview - Bitcoin’s Price Stagnation
Bitcoin's price largely remained stable last week, struggling to surpass the $72,000 mark to challenge all-time highs. A drop below $68,000 early this week has tempered t...
29 March 2024
USD/CAD Rejects $1.3620 for the Fourth Time During March
The pair has been navigating a broad sideways pattern over the past month, repeatedly testing but not breaking the upper limit of the large trading range at $1.3620. This...
27 March 2024
US Economic Data Sets the Stage for NZD/USD Volatility
Following resistance at $0.62 in early March, NZD/USD has declined by 3.5%, indicating a renewed downtrend as the New Zealand economy faces a technical recession from con...
27 March 2024
A Historic Breach or Retreat? USD/JPY in Critical Resistance Zone
The USD/JPY pair has surged, nearing the critical ¥152 level, a resistance not breached since the early 1990s. This level has historically been a point of contention, wit...
27 March 2024
Bitcoin Technical Overview
Bitcoin has experienced a significant surge, increasing by almost 14% over the past week. This upward trend marks a significant turnaround following the recent correction...
22 March 2024
US Oil Retesting Support of Previous Breakout level.
Yearly and March Performance: US crude oil prices have risen by 12% this year to reach a new four-month high, with a 3% increase since March's start,
General Trading
Beginner
20 March 2024
Understanding Technical Analysis: A Beginner's Guide
In the world of trading and investing, making informed decisions is paramount to achieve success. That is where technical analysis comes into play, a methodology traders ...
20 March 2024
EURGBP remains in a consolidation phase, trading below key moving averages.
The EUR/GBP pair's sustained position below key daily moving averages highlights ongoing bearish momentum.
20 March 2024
UK Inflation Drops Below Forecasts
February's CPI report showed inflation at 3.4%, marking the lowest rate in over two years and slightly under the anticipated 3.5%.