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🏆 Price Forecasts 7 Days Out!
Get a quick price forecast on any of your favorite currency pairs based on momentum. The Edgefinder's price forecast captures the overall trend and projects it 7 days into the future. That projected trend line is also surrounded by a higher and lower deviation to encompass the expected area and direction of future price movement.
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Get a quick price forecast on any of your favorite currency pairs based on momentum. The Edgefinder's price forecast captures the overall trend and projects it 7 days into the future. That projected trend line is also surrounded by a higher and lower deviation to encompass the expected area and direction of future price movement.
EdgeFinder Pro users get access to:
✅ Watchlist
✅ Smart Money Tracker
✅ Individual Market Summaries
✅ Retail Sentiment
✅ Market Heatmap
✅ Price Forecasts
✅ Fundamental Data & Analysis
✅ Historical Backtests
✅ Risk on / Risk off Gauge
✅ All Future Updates FREE
🟡 10% off code: TGVIP
Shop EdgeFinder Plans:
https://a1trading.com/edgefinder/
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Trading tip:
A loss shouldn't mean anything. A win shouldn't mean anything.
The only thing that matters is what your P&L looks like after 1000 trades.
- Nick
A loss shouldn't mean anything. A win shouldn't mean anything.
The only thing that matters is what your P&L looks like after 1000 trades.
- Nick
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📲 Our analysts will be sharing any trades they take with VIP members. Their trade alerts include their entries, exits, stops, targets, & full analysis
📕 Read up in the educational library! Find our strategies and other trading guides:
- Risk management guide
- Fundamental analysis guide
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& more!
Use code “TGVIP” for 10% off your membership! Click here to join: https://a1trading.com/vip/
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CADJPY is at a +5 buy signal on the EdgeFinder in the midst of BOC interest rate decisions this Wednesday. With a 25 point hike expectation, CAD is looking increasingly hawkish comparatively to the yen. The loonie has JPY beat in every category except unemployment rate meaning that Japan's economy is doing better overall as a result of ultra-low interest rates.
With that said, the yen is looking stronger on the day as it has turned this pair in the red despite the looming BOC report. It's hard to say where smart money wants to take the asset, and retail is indecisively in the middle. The yen sees strength for now, but the question of how it will fair later on in the week remains.
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With that said, the yen is looking stronger on the day as it has turned this pair in the red despite the looming BOC report. It's hard to say where smart money wants to take the asset, and retail is indecisively in the middle. The yen sees strength for now, but the question of how it will fair later on in the week remains.
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Gold is tested by the dollar as price entered a strong demand zone on the 1D timeframe. Although price has not moved much, it seems to be stubbornly rejecting the lows from the $1880s and is forming higher lows. Price action will have to tell us where the metal wants to go, and so far it looks to be pushing for higher moves.
Smart money also had an increasingly stronger bias to the long side on gold. The bias for both dollar and gold is about the same in net positions, but gold saw a more drastic increase in the number of long contracts added to their positions.
Smart money also had an increasingly stronger bias to the long side on gold. The bias for both dollar and gold is about the same in net positions, but gold saw a more drastic increase in the number of long contracts added to their positions.
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According to EdgeFinder analytics, it is strongly leaning towards the kiwi for upside. And it is a fair argument for NZD due to their concerningly high inflation rate and aggressive RBNZ. However, both BOC and RBNZ are due for another decision this week. Expecations are that the kiwi remain at 5.5% while CAD will rise another 25 basis points.
So we can draw a conclusion that CAD might be more hawkish going forward. Traders looking to long this pair should also keep that in mind in case the pair enters some short term downside on a stronger CAD. So far, there is not enough evidence to say that CAD is stronger yet, so the bias remains strong bullish for NZD.
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So we can draw a conclusion that CAD might be more hawkish going forward. Traders looking to long this pair should also keep that in mind in case the pair enters some short term downside on a stronger CAD. So far, there is not enough evidence to say that CAD is stronger yet, so the bias remains strong bullish for NZD.
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Don't miss out on the action!
Unlock LIVE trade signals as a VIP member! Get notified when our professional traders take a trade, chat with hundreds of traders, and get access to our winning trading strategies! Here’s everything that’s included with your membership purchase:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Swing Trade Signals
✅ Position Trade Signals (Yearly & Gold ONLY)
✅ Option Trade Signals (Gold ONLY)
✅ Getting Funded 101 Guide (Gold ONLY)
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GBP/JPY Analysis
Yen pairs have caught a lot of traders’ attention. JPY is looking stronger after being on a long selling streak from a dovish BOJ. It makes sense to see a pullback in such pairs as GJ which has been on a tear for the past handful of months. BoE’s Bailey spoke yesterday about monetary policy and the high likelihood of more rate hikes to come. Today’s candle is rejecting the lows for now. If this holds up, we may see another test at the highs.
Yen pairs have caught a lot of traders’ attention. JPY is looking stronger after being on a long selling streak from a dovish BOJ. It makes sense to see a pullback in such pairs as GJ which has been on a tear for the past handful of months. BoE’s Bailey spoke yesterday about monetary policy and the high likelihood of more rate hikes to come. Today’s candle is rejecting the lows for now. If this holds up, we may see another test at the highs.
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Gold Analysis
Slowly the metal is forming higher lows and highs on the 1D timeframe. Caught in somewhat of a tug of war, the metal awaits tomorrow’s CPI numbers in the US. Expectations are higher than the previous month. This is causing the hesitation in the market. If the Fed sees lower CPI than expected, it may suggest that the Fed wants to hold rates instead of hike. Until then, price will probably not move too much.
Slowly the metal is forming higher lows and highs on the 1D timeframe. Caught in somewhat of a tug of war, the metal awaits tomorrow’s CPI numbers in the US. Expectations are higher than the previous month. This is causing the hesitation in the market. If the Fed sees lower CPI than expected, it may suggest that the Fed wants to hold rates instead of hike. Until then, price will probably not move too much.
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SPX500 Analysis
The stock market is behaving in a similar manner. Price action revolves around this imperative inflation news tomorrow. A lower number than expected may have the same upside effect it could have on gold. Price is currently on two intersecting trend lines for support. If the market gets the desired CPI, price may go higher towards the top around $4458. A break in that level could result in another test at the March 2022 highs.
The stock market is behaving in a similar manner. Price action revolves around this imperative inflation news tomorrow. A lower number than expected may have the same upside effect it could have on gold. Price is currently on two intersecting trend lines for support. If the market gets the desired CPI, price may go higher towards the top around $4458. A break in that level could result in another test at the March 2022 highs.
My trading journey, every year:
2016: Rough. Had no idea what I was doing, quickly learned this stuff was hard
2017: slightly better, still negative. Learned a lot!
2018: first profitable year!
2019: very profitable!
2020: very profitable!
2021: very profitable!
2022: first losing year since becoming profitable. Humbling year for me.
2023: very profitable! (So far)
This stuff takes time. Be patient and work hard! 📈
- Nick
2016: Rough. Had no idea what I was doing, quickly learned this stuff was hard
2017: slightly better, still negative. Learned a lot!
2018: first profitable year!
2019: very profitable!
2020: very profitable!
2021: very profitable!
2022: first losing year since becoming profitable. Humbling year for me.
2023: very profitable! (So far)
This stuff takes time. Be patient and work hard! 📈
- Nick
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