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Gabriel Ojimadu

About the author

Gabriel Ojimadu

Gabriel was born on 14th January, 1982. In 2009 he became a graduate of Business Technology, and later earned a Post Graduate Certificate in Management.

Gabriel has been working in the banking sector since 2007, developing a more detailed interest in Forex in 2011. From 2013 onwards, Gabriel began Forex coaching: teaching both privately and at investment seminars. Gabriel prefers to combine technical analysis with fundamental analysis in order to pinpoint price levels.

Working at Alpari since May 2014.

Not married.

Hobbies: tennis; reading.

Analyst's publications

21 November 2017

Market sessions

Gabriel Ojimadu

EURUSD: uncertainty in Germany continues to weigh down on the euro

On Monday the 20th of November, trading on the euro/dollar pair closed down. The euro was under pressure from the off due to the fact that German chancellor Angela Merkel has failed to reach an agreement with other parties to form a coalition government.

Further info

20 November 2017

Market sessions

Gabriel Ojimadu

EURUSD: Merkel has failed to form a coalition government

On Friday the 17th of November, trading on the euro/dollar pair closed slightly up. Despite continued pressure on the euro due to difficulties in Germany in forming a coalition government, the single currency was bolstered by a surge in demand following a retreat by traders towards safe haven assets amid new developments concerning North Korea. The euro was also helped by a decline in US bond yields, which brought the dollar down with it.

Further info

17 November 2017

Market sessions

Gabriel Ojimadu

EURUSD: price pulls back 61.8% before bouncing off the A-A channel

On Thursday the 16th of November, trading on the euro/dollar pair closed down. The rate twice approached the zone of 1.1757 – 1.1759, but failed to break through. News from the US didn’t do sellers any good either. The US House of Representatives yesterday passed a tax reform bill proposed by the Trump administration. Markets were slow to react to the news given that the Senate has put forward an alternative proposal, which involves deferring tax cuts for another year. As such, it’s unclear as of yet what the final legislation will look like.

Further info

16 November 2017

Market sessions

Gabriel Ojimadu

EURUSD: daily pin bar model suggests a decline ahead

On Wednesday the 15th of November, trading on the euro/dollar pair closed down to form a pin bar or shooting star model on the daily timeframe. The euro opened up in the European session. In the space of three hours, the rate jumped 68 pips to 1.1853. After the publication of US data, buyers shifted the intraday high to 1.1860.

Further info

15 November 2017

Market sessions

Gabriel Ojimadu

EURUSD: U3 MA line providing resistance

On Tuesday the 14th of November, trading on the euro/dollar pair closed up at around 1.18, with an intraday range of 140 pips. The euro rose thanks to positive data from Germany and the Eurozone, growth on the euro crosses, and a decline in US 10Y bond yields. The dollar showed some mixed dynamics against the majors as there were a lot of important news releases.

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