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u/TheGreen100

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Image 1 — What Caused This Sudden Gold & Forex Move Around 3:00 PM Bangladesh Time?
Image 2 — What Caused This Sudden Gold & Forex Move Around 3:00 PM Bangladesh Time?
▲ 2 r/Forex

What Caused This Sudden Gold & Forex Move Around 3:00 PM Bangladesh Time?

What Caused This Sudden Move in Gold and Multiple Currency Pairs?

I had trades open on Gold today. At around 3:00 PM Bangladesh Time (BST), Gold suddenly made a very strong upside move, and both of my trades hit their stop losses.

What surprised me was that EUR/USD, AUD/CAD, and EUR/GBP also made strong upside moves at almost the same time.

So, in total, I noticed strong upside movement across 4 different instruments.

I have High and Medium Impact News selected on Forex Factory, and the currencies I’m currently tracking are:

- EUR

- USD

- GBP

- AUD

- CAD

However, I couldn’t find any major USD news scheduled around that time on Forex Factory.

So my questions are:

  1. What caused this sudden strong move in Gold around 3:00 PM Bangladesh Time?

  2. Why did EUR/USD, AUD/CAD, and EUR/GBP also move strongly to the upside at almost the same time?

  3. Is there anything I should be checking in addition to Forex Factory to understand these kinds of sudden market moves?

I’ve attached a screenshot of today’s Forex Factory calendar for reference.

I’m trying to understand what actually caused this move, rather than simply assuming it was a technical move.

u/TheGreen100 — 2 days ago
▲ 0 r/swingtrading

What Caused This Sudden Gold & Forex Move Around 3:00 PM Bangladesh Time?

What Caused This Sudden Move in Gold and Multiple Currency Pairs?

I had trades open on Gold today. At around 3:00 PM Bangladesh Time (BST), Gold suddenly made a very strong upside move, and both of my trades hit their stop losses.

What surprised me was that EUR/USD, AUD/CAD, and EUR/GBP also made strong upside moves at almost the same time.

So, in total, I noticed strong upside movement across 4 different instruments.

I have High and Medium Impact News selected on Forex Factory, and the currencies I’m currently tracking are:

- EUR

- USD

- GBP

- AUD

- CAD

However, I couldn’t find any major USD news scheduled around that time on Forex Factory.

So my questions are:

  1. What caused this sudden strong move in Gold around 3:00 PM Bangladesh Time?

  2. Why did EUR/USD, AUD/CAD, and EUR/GBP also move strongly to the upside at almost the same time?

  3. Is there anything I should be checking in addition to Forex Factory to understand these kinds of sudden market moves?

I’ve attached a screenshot of today’s Forex Factory calendar for reference.

I’m trying to understand what actually caused this move, rather than simply assuming it was a technical move.

u/TheGreen100 — 2 days ago
▲ 10 r/Forex

How Should I Start Learning Fundamental Analysis?

I want to start learning Fundamental Analysis.

From JeaFX's classes, I learned that Fundamental Analysis can mainly be divided into two areas:

  1. Macro Economic Analysis:

It helps us understand why the market is moving up or down. In other words, it helps us understand the underlying reasons and meaning behind the market's moves.

  1. Economic Calendar:

It helps us see when different economic events are scheduled to be released. These events can often cause significant volatility in the market when they are released.

I understand that having only a limited amount of knowledge about a subject makes it difficult to use that knowledge properly. Therefore, I want to develop a strong understanding of Fundamental Analysis. However, I am not sure which topics I should learn first or how I should systematically start learning Fundamental Analysis.

I would really appreciate your advice on where I should begin and how I should approach learning Fundamental Analysis step by step.

reddit.com
u/TheGreen100 — 3 days ago
▲ 2 r/swingtrading

How to Learn Fundamentals?

Recently, I want to combine technical analysis with an understanding of the market's underlying economic conditions (fundamental analysis) when trading. However, I am completely new to this area, so I don't know where to start. Where can I find these economic news and data, and how should I use them in my trading?

reddit.com
u/TheGreen100 — 25 days ago