The speaker greets the audience and discusses the market movement on monthly, weekly, daily, and four-hour time frames. They also analyze support and supply zones on the one hour, 30-minute and 15-minute time frames. Sellers are cautioned about a potential supply zone.

Understanding Forex: Analyzing the April 3rd New York Session

Introduction

The New York Session live stream on April 3rd featured a discussion on the Forex market through the lens of various timeframes. The host analyzed different trends and market behaviors, as well as possible scenarios for traders to consider.

Monthly Timeframe

The discussion started by analyzing the monthly timeframe, where the host anticipated the creation of a bottom wick. The monthly candle had formed a bottom wick, but not exactly where it should have been. Instead, the low for the daily was 1950, which was the monthly bottom wick. The host mentioned that the monthly candle may form a bottom wick to continue heading up.

Weekly Timeframe

Next, the host looked at the weekly timeframe, where the closures were above both the resistance and the zone. The host emphasized that they have not taken out the lows of the previous two weeks, and the weekly candle seems to be going up.

Daily Timeframe

The host then analyzed the daily timeframe where the Asian sessions sold off, but the London session or pre-market New York flipped. By looking at previous trends and support areas, the host concluded that there was a demand for price in a particular area. Additionally, the daily candle had rejected and broken the previous high.

Four Hour Timeframe

The four-hour timeframe was also analyzed, and the host asked two questions – what did the four-hour do, and where is it now? The recent four-hour candles had formed a support area, which has been the same area where price has created support in the past. The host concluded that demand was picking up, and support had been formed.

One Hour and 30 Minute Timeframes

By looking at the one-hour and 30-minute timeframes, the host suggested that there was new demand forming based on previous reactions in the same area. However, the host also mentioned that the price was approaching a supply zone, and traders should be cautious while taking buys.

15 Minute Timeframe

Finally, by analyzing the 15-minute timeframe, the host marked a supply zone from 1977 to 1937. The host emphasized that traders should wait for confirmations before making any trades as sellers may jump in at this point.

Conclusion

Overall, the New York Session live stream on April 3rd provided valuable insights into analyzing the Forex market through different timeframes. Traders can use these insights to better understand the market trends and behaviors and take informed trading decisions.