Get started

Currencymarket

AUDUSD | Sell after confirmation!Hi, AUDUSD has started to reach to the high-probability short-term reversal area. The price increase has been pretty amazing so, a bearish candlestick pattern inside the marked area is definitely needed. Criteria: 1. 2x AB=CD 2. Channel projections crossing area 3. 2018 low should act as a resistance 4. The round number 0.70000 5. Fibo Extension and retracement 6. Wait for a bearish candlestick pattern formation from 4H timeframe - Evening Star or bearish Engulfing needed! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
Short
by VaidoVeek
3
Currency manipulator & Goldman Sachs forecastsAfter China devalued the Yuan on Monday, markets were awaiting a US response. It appeared quickly enough: The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency, knocking the U.S. dollar. Maybe in response to this, or maybe just to show that the fall of the renminbi on Monday is just a power struggle, the People’s Bank of China took steps to stabilize weakness in the yuan. As a result, its fall has stopped and even strengthened somewhat. Although the Yuan against the dollar remained above 7. Investors yesterday were able to take a breath. Haven assets after strong growth on Monday, adjusted on Tuesday. Given that the situation remains tense and uncertain, we continue to recommend the Japanese yen and gold purchases. We also continue to recommend selling the dollar. Against the background of such a development of events, it is more than logical and to expect a further rate cut. Currently, according to the Chicago Mercantile Exchange, 100% of traders expect the Fed rate cut in September. But there is another interesting point. If last week only 1.5% of traders expected a 0.5% decrease, then this week the percentage was already 21.5%, that is, the probability increased sharply - almost 15 times up(!). Thus, we are talking about the reduction of the rates two times in a row. And the dollar is still extremely expensive. So the opportunity for its sales is unique. It’s even strange why the markets cling to their purchases. Goldman Sachs Group Inc. recently published their vision of the current situation in the world. Their forecasts are: the Fed will lower the rate in 2019 at least 3 times, a trade war will continue until 2020, and still Trump is the President we should not count on its end. In general, the vector of development of events has not yet changed. Therefore, our basic trading recommendations are also unchanged. In addition to selling the dollar and buying safe-haven assets, we continue to sell oil and the Russian ruble. We also hold long positions on the pound and those who do not have them have the opportunity to buy at very attractive prices.
by Trade24Fx
An Effective Strategy for Main street Investors & OFW A simple yet effective approach that main street investors can do to save and grow their earnings while creating wealth like any other investor that started from 1 to 10. EFP Conversion is an alternative form of trading foreign currencies that doesn't have to risk substantial loss. As incremental exchanges can be done depending on their respective schedule of allocation. This strategy is most effective for OFW that rely on their hard earned savings before returning to their respective hometown. This can also be a strategy that could be done with other foreign denomination. On Currency Conversion: Knowing the weakness and strength of any currency can be compared and trade with to make a profit. The change in exchange rates over a period of time will define how well you have done for yourself by repeating the process. Why do foreign exchange - Money changers make their money from. Please refer at the chart
Long
by megatrade101