HotForex’s Senior Currency Analyst Stuart Cowell explains two trading cases: a buy setup in uptrends , and a sell setup in downtrends. all regarding about multi time frame analysis.
Watch What is Multi Time Frame Analysis About?
Editors’ Picks
EUR/USD remains weak near 1.1800
EUR/USD remains on the back foot on Thursday, trading close to the 1.1800 support ahead of the opening bell in Asia. The pair’s pullback comes amid further gains in the Greenback, while investors keep assessing the ECB’s decision to leave its policy rates unchanged
GBP/USD falls to new lows near 1.3530
GBP/USD extends Wednesday’s pullback on Thursday, easing lower towards two week lows around the 1.3530 area. Ongoing strength in the Greenback and the dovish hold from the BoE at its earlier meeting are keeping demand for the British Pound on the defensive for now.
Japanese Yen hangs near two-week low vs. firmer USD; USD/JPY bulls target 157.00 breakout
The Japanese Yen extends its sideways consolidative price move against a broadly firmer US Dollar and currently trades near a two-week low, touched earlier this Thursday. Investors remain worried about Japan's financial health on the back of Prime Minister Sanae Takaichi's expansionary fiscal plans. This, along with political uncertainty ahead of the snap election on February 8, has been another bearish development for the JPY and contributes to its relative underperformance.
Editors’ Picks
AUD/USD remains offered below 0.7000
Broad based selling across risk sensitive assets is weighing on the Australian Dollar on Thursday, with AUD/USD adding to Wednesday’s pullback and slipping back the key 0.7000 handle as the US Dollar extends its advance. Looking ahead, the next domestic focus in Australia will be the Household Spending figures on February 9.
EUR/USD remains weak near 1.1800
EUR/USD remains on the back foot on Thursday, trading close to the 1.1800 support ahead of the opening bell in Asia. The pair’s pullback comes amid further gains in the Greenback, while investors keep assessing the ECB’s decision to leave its policy rates unchanged
Gold fails to sustain gains above $5,000 for third consecutive day
Gold is back under pressure on Thursday, slipping back towards the $4,800 region per troy ounce. A firmer US Dollar is weighing on the yellow metal, even as the broader mood remains risk off. That said, falling US Treasury yields across the curve are helping to cushion the downside and, for now at least, are limiting the depth of the pullback.
Strategy's Bitcoin treasury in focus as MSTR crashes alongside crypto market
Strategy (MSTR), the largest corporate holder of Bitcoin (BTC), is in focus ahead of its earnings call on Thursday amid an intensifying crypto market sell-off. Also caught in the headwinds is the MSTR stock, trading at $114 at the time of writing, down over 12% intraday.
The AI mirror just turned on tech and nobody likes the reflection
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
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