We hosted a market colour session focused on Forex trading and currency analysis, where we shared detailed market insights and discussed practical trading strategies across major pairs and commodities. The conversation began with an in-depth look at the Dollar Index (DXY), which has been consolidating within a range. Our analysis showed potential retracement setups around the 97.7 level, offering a possible buy opportunity before continuation. We emphasized the need for patience and confirmation signals before execution, reinforcing the principle of disciplined risk management.
Moving into technical analysis of EURUSD and GBPUSD, we identified tactical trading setups. Both pairs showed overall bearish momentum on higher timeframes but revealed opportunities for short-term plays. For EURUSD, we highlighted the 1.17105 retracement level as a key zone for a potential sell trade, while GBPUSD was expected to revisit the 1.35239 level, presenting a similar structure. We stressed the importance of monitoring price action, using support/resistance levels and potential Fibonacci retracements to validate setups.
Attention then shifted to gold trading, where the metal has continued breaking higher, reaching new all-time highs. While the market bias remains bullish, we emphasized caution advising traders to wait for a 15 minute break of structure or clear reaction to order blocks before joining the trend. This balance of seizing opportunity while respecting risk reflects the disciplined approach required in volatile markets.
We also discussed the yen basket and related JPY pairs. For GBPJPY, we spotted potential sell setups once price retraces to a mapped-out zone and forms confirmation patterns. For EURJPY, a retracement into a fair value gap could trigger a short-term buy before resuming bearish momentum. USDJPY remains indecisive, and we advised traders to prioritize risk management by waiting for structural clarity and engulfing candle confirmations before entry.
The session ended with reminders that support/resistance zones, retracement opportunities, and breakout patterns must be respected, while focusing on favorable reward-to-risk ratios. Above all, patience, structure, and discipline are the cornerstones of profitable Forex trading.
We also announced that registration is open for the upcoming FX Bootcamp Training, where traders can deepen their knowledge of technical analysis, sharpen their execution around order blocks and Fibonacci retracements, and learn how to develop consistent trading strategies with the right balance of confidence and caution.