Which technical analysis do you prefer for Intraday trading?

For intraday trading, one should know candle sticks well.

Candle stick is thought process of buyers and sellers at a particular point in time and you can predict the future steps by adding some indicators like Stochastics, RSI, moving average etc to ascertain your belief about a trade basis candle stick notification.

That’s about tools -

You could also ride the curve by buying or selling when a breakout or breakdown happens with heavy volume. My sense is 70% work on this strategy now a days.

Try these things and than adopt more versions.

We provide Best Gold Trading Signals with technical and fundamental overview.

Weekly Overview on Currencies

 Weekly changes: EURUSD –0.72%, GBPUSD –0.19%, USDCAD +1.33%

The ECB declared some inconsistent steps at its December meeting, leading to fluctuations in the eurozone currency. EURUSD ended on Friday at 1.12357.

The BoE opened the rate race, raising the benchmark from 0.1% to 0.25%. GBPUSD ended the week unchanged at 1.32318 but with ups and downs of 1.5% each way.

The BoC mentioned the likelihood of hiking the rate next month. However, the hawkish statement didn't help the Canadian dollar get stronger. USDCAD rallied to a multi-month high and closed at 1.28900 on Friday.

BULLISH TRIGGERS

USDCAD outperformed all majors by reaching 1.29383, the highest level since August. The previous weakness of the Canadian dollar was due to the rise in number of Omicron cases. This situation implies inflow of funds into safe-haven assets, retreating from the riskier currencies.

BEARISH TRIGGERS

The ECB announced its monetary policy decision by ending tapering towards next March. EURUSD climbed to a monthly high of 1.33742. Later the central bank specified it would hold the low rate and restart the emergency support. EURUSD turned the opposite way and passed the 1.50% drawdown afterwards.

GBPUSD rocketed to the monthly top of 1.3357 upon rating announcement. The next day the British officials released new social restrictions due to the Omicron impact on the economy. GBPUSD fell to 1.32318 and lost all previous gains.

We provide Best Gold Trading Signals with technical and fundamental overview.

Gold comment on December 28, 2021

Closing yesterday's session, precious metal Gold can gain 1 day.  The price fell slightly at 1802 then went up again around 1813, closing the daily candle around 1811. With the following high higher than the previous high and the increasing force appearing gradually, in my personal opinion we will be biased.  on the uptrend in this precious metal in early trading today.

We provide Best Gold Trading Signals with technical and fundamental overview.

 - Currently, Gold is still facing resistance at around 1813-1815, so it is likely to correct slightly in the beginning of the session.  And if Gold has a correction to 1802-1806 today, we can buy with a safe target of 1813 and expectation of 1817-1820 in today's session.

Today's Market Important News by Money Life Research

 In this week market will be a little more volatile and unstable than usually as we are between Christmas and New Year. 

So during this week, we recommend to risk around 0,7% / 1% / 1,5% beacuse it will be more safe. 

Also, we will send signals only if we find very clear setup, so it is possible, that less signals will be sent. But don’t worry, after New Year we will make up for it 💪 2022 will be our best year in trading and I hope that you will be with us during it 🚀

We provide Best Gold Trading Signals with technical and fundamental overview.