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๐Ÿš€ Edge-Forex Weekly Update: 8 Consecutive Wins, 400 Pips, and Whatโ€™s Next!

๐Ÿš€ Weekly Market & Trading Recap: November 18, 2024

๐Ÿ”ฅ Last Week's Highlights
1๏ธโƒฃ Dollar Flexes Muscles:
The dollar rallied hard, supported by expectations of a slower Fed rate-cut cycle. The Dollar Index is now testing critical resistance levelsโ€”can it push higher?

2๏ธโƒฃ Yenโ€™s Surprise Rebound:
After weeks of struggles, the yen bounced back without intervention from Japan. A brief spark or the start of a new trend? Weโ€™re watching closely.

3๏ธโƒฃ Poundโ€™s Rough Week:
Weak GDP, rising unemployment, and a dovish Bank of England left the pound at the bottom of the currency leaderboard.

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๐Ÿ’ฐ Our Trading Win:

  • ๐Ÿšจ 8 successful trades last week

  • ๐Ÿ“ˆ Over 400 pips in profits!
    This proves the power of discipline and sticking to our strategies. Letโ€™s keep the momentum going!


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๐Ÿ”ฎ What to Watch This Week

1๏ธโƒฃ Dollar at a Crossroads:
Can the Dollar Index clear resistance and target 114? It hinges on bond yields and stock market corrections.

2๏ธโƒฃ Yenโ€™s Potential Shift:
Watch AUD/JPYโ€”bearish signals are forming. The yen could stay in the spotlight if global risk sentiment continues to shift.

3๏ธโƒฃ Fed Watch:
December rate cuts? Markets say 60% likely. January? Less than 20%. Fed speeches this week could flip expectations overnight.

๐Ÿ“Š Key Technical Notes:

  • Dollar Index: 107.92 is the next target; 105.44 is critical support.

  • Stocks: S&P 500 and NASDAQ show island topsโ€”above the 55-day EMA is bullish; below it signals deeper corrections.

  • 10-Year Yield: Watch for a breakout at 4.45%โ€”itโ€™ll either fuel the dollar or slow its momentum.
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โšก Final Words
Last week, we delivered strong results in the markets, but thereโ€™s no time to rest. The chessboard is set for another exciting weekโ€”stay disciplined, stay sharp, and letโ€™s crush it again!

๐Ÿ’ฌ How are you positioning yourself for the week ahead? Share your thoughts below!

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