Sunny Mason Trading Central🇨🇭LegacyFX official 🏆

2022-08-26 09:53:03 AUDCHF

BUY suggestion
Timeframe: H1
Entry Point: 0.6717
Take Profit: 0.6816
Stop Loss: 0.6666

risk disclosure Open / Comment

2022-08-26 09:52:43 EURCAD

SELL suggestion
Timeframe: H1
Entry Point: 1.2905
Take Profit: 1.2804
Stop Loss: 1.2955

risk disclosure Open / Comment

2022-08-26 09:06:23 The Highly Anticipated Jackson Hole Economic Symposium Starts Today

Each year the Kansas City Federal Reserve hosts one of the most important economic symposiums in Jackson Hole, Wyoming. This major event is attended by the top central bankers in the United States and globally.

While the Federal Reserve Bank of Kansas City is attended by dozens of central bankers, policymakers, academics, and economists from around the world, it will be Friday’s keynote speech by Chairman Jerome Powell that will garner the most attention. Open / Comment

2022-08-26 09:01:43 Good morning! Open / Comment

2022-08-25 16:18:09 Congratulations to all new members of the Private Club! Verify your Accounts and enjoy trading.

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@SunnyMason_LegacyFX Open / Comment

2022-08-25 14:55:35 EUR/USD Forex Technical Analysis – Higher on Surprisingly Better German GDP as Traders Await ECB Minutes

The Euro is edging higher on Thursday in reaction to a dip in U.S. Treasury yields and a softer U.S. Dollar. Traders were likely relieved to get a break from heavy energy-price driven pressure that drove the single-currency to a 20-year low. The main trend is down according to the daily swing chart. However, momentum shifted slightly to the upside after the confirmation of Tuesday’s closing price reversal bottom.

A trade through 0.9901 will signal a resumption of the downtrend. A move through 1.0368 will change the main trend to up.

risk disclosure Open / Comment

2022-08-25 14:15:28 Oil Price Fundamental Daily Forecast – Supported by Supply Disruption Worries

Oil prices have been climbing since Monday when the Saudi energy minister flagged the possibility that OPEC+ will cut production to support prices. WTI and Brent crude oil futures are trading at three-week highs on Thursday as the focus continued to shift away from demand issues with traders now monitoring closely events pointing toward supply tightness.

Traders seem to be shrugging off global recession talk this week with the focus primarily on supply issues. But the upside momentum seems to be stalling. The charts indicate there is plenty of room to the upside before the market reaches strong resistance, but it may take heightened supply disruption news to spike prices higher.

Furthermore, if prices fall too far, too fast, OPEC+ is more likely to trim its output.

risk disclosure Open / Comment

2022-08-25 10:34:49 Gold Price Fundamental Daily Forecast – Low Volume, US GDP Report Could Be Sources of Volatility Today

Gold futures are edging higher on Thursday, bolstered by a pullback in the U.S. Dollar against a basket of major currencies. Gains are being capped, however, by steady U.S. Treasury yields.

Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole central bankers’ meeting on Friday will be the key factor in the short-term driving the price action in the gold market.

The most negative thing Powell can do for gold prices is call for the need of aggressive rate hikes to combat inflation.

risk disclosure Open / Comment

2022-08-25 10:15:20 Trade Suggestion

EUR/USD Buy
Round Bottom Recovery in Process

Entry: 1.0020
Targets: 1.0040 / 1.0060 / 1.0080 / 1.0096
Stop: 0.9980 / risk disclosure Open / Comment

2022-08-25 09:55:46 Natural Gas Price Consolidates Ahead Of EIA Report

Meanwhile, European natural gas markets test new highs at the opening.

Key Insights
Traders are waiting for the release of EIA report, which may have a significant impact on natural gas markets.
In Europe, the rally continues, and natural gas markets test new highs.
Natural gas must settle above the resistance at $9.35 to have a chance to develop upside momentum.

Natural gas prices remain stuck below the resistance at $9.35. Natural gas has already made several attempts to settle above this level, but these attempts were not successful.

1. In case natural gas settles back above the $9.35 level in the upcoming trading sessions, it could gain new upside momentum.

2. To have a chance to develop a new downside trend, natural gas must settle below the 20 EMA at $8.80. Strong interest is expected from trades here.

risk disclosure Open / Comment