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About Fawad
Fawad Razaqzada provides retail and professional traders succinct fundamental and technical analysis on his own website at TradingCandles.com. He is an experienced analyst and economist working for leading global FX brokers, most recently at FOREX.com and City Index. A graduate of Brunel University with a degree in economics, Mr. Razaqzada offers premium trade signals to subscribers, and trading education to help shorten the learning curves of developing traders. He covers a wide range of markets, including forex, commodities, stock indices, and cryptocurrencies. Mr. Razaqzada is an expert at reading price action, which together with his deep understanding of economics and market fundamental allows him to provide a unique style of financial market analysis. His market comments are regularly quoted by the leading financial publications such as Reuters and Market Watch.
Fawad's Articles
Following some recent weakness, we saw a good recovery Wednesday in risk assets, leaving the major indices with bullish-looking price candles. Let’s take a look at the technical picture of the S&P 500 Index (^SPX), which shows an overall bullish structure, observes Fawad Razaqzada, technical analyst at TradingCandles.
The US Dollar Index has come under pressure this week, with the yen emerging as one of the strongest performers across FX market. From a technical perspective, the USD/JPY chart is starting to show a few bearish signs again after being neutral for much of the summer, writes Fawad Razaqzada, technical analyst at Trading Candles.
The S&P 500 Index (^SPX) rallied Thursday, despite the release of soft ADP private payrolls and weekly jobless claims data. The SPX futures chart still paints an overall bullish picture, but price action in the last few days hasn’t been great, notes Fawad Razaqzada, technical analyst at Trading Candles.
Gold ended last week 1% better off after Fed Chair Jerome Powell signalled on Friday that rate cuts could arrive as soon as September. But from a chart perspective, gold has been consolidating for several weeks, winding up inside a wide range, observes Fawad Razaqzada, technical analyst at Trading Candles.