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Forex-trading-signals

USDJPY | PSYCHOLOGICAL LEVEL REACHED CAN IT BREAK IT?Hello Traders, The USDJPY 112.000 has been reached and as expected the market fell short and bears kicked in. Now whether the market will decide to continue its bearish movement is hard to say, if it breaks the upcoming support level and we have a nice bearish engulfing candle with a push-exhaustion-push cycle then we will head further down likely to daily moving averages. I personally entered this trade yesterday on the 5-minute timeframe and kept it open, since it had a nice squeeze on the 5 minutes and a break off support I knew it will go down.
Short
by FX-TradingLions
EURUSD | A GOOD SHORT TRADE BUT NEED PATIENCE! Hello traders, EURUSD is trending towards the downside heavily, but it's reaching a monthly/weekly support zone marked in blue. This zone could definitely have a lot of buying orders ready to play the game, so I would expect a pullback towards the 25-50 moving averages before a push towards the downside to re-test and potentially break the zone. EUR - fundamentally looks much weaker and hedge funds are decreasing buying power comparing to USD or GBP. It also feel fairly very sharply so the RSI indicator is very much oversold, which suggests a pullback, I would wait for better entry zone before entering short.
Short
by FX-TradingLions
2
History of Forex | From Ancient to the Modern Day TradingWe have come a long way from the previously practiced barter system to the modern-day system of trading currency. Following is a brief summary of the evolution of currency and how it gave rise to Forex Trading. Here are the main stages that are illustrated on the chart: 1️⃣The Ancient system of Trading - Trading with Gold As early as 6th century BC , the first gold coins were produced, and they acted as a currency because they had critical characteristics like portability, durability, divisibility, uniformity, limited supply and acceptability. 2️⃣Bank Notes Originated - Deposited Gold in banks in exchange for banknotes 3️⃣Role of Geography - Various banks of different regions printed different currencies Gold Standard - Currency pegged to gold In the 1800s countries adopted the gold standard. The gold standard guaranteed that the government would redeem any amount of paper money for its value in gold . This worked fine until World War I where European countries had to suspend the gold standard to print more money to pay for the war. 4️⃣Bretton Woods System - Currency pegged to USD The first major transformation of the foreign exchange market, the Bretton Woods System, occurred toward the end of World War II. The Bretton Woods Accord was established to create a stable environment by which global economies could restore themselves. It attempted this by creating an adjustable pegged foreign exchange market. An adjustable pegged exchange rate is an exchange rate policy whereby a currency is fixed to another currency. In this case, foreign countries would 'fix' their exchange rate to the US Dollar . 5️⃣Birth of Floating Currency - Currency that is not pegged to any assets or other currencies is known as a 'floating currency'. And what will be next? Very hard to say but blockchain technologies will make the system change again.
Education
by fxpremiere
AUD-USD Will Go Up From Support! Buy! Hello,Traders! AUD-USD has finally hit the support cluster Which I described in my previous analysis of AUD-USD And even though the cluster is broad And current level is the higher boundary of it I think there is a decent chance to see at least a local pullback With the retest of the falling resistance line But this long can potentially be a great entry for the greater swing trade as well In case we see a bullish breakout and a strong confirmation Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
8
DeGRAM | EURUSD short In light of the latest news, the dollar is strengthening. Thus, the currency pair falls in price. I have drawn strong support lines, in the area of ​​which the price is at the moment. We have broken through two intersecting levels, I expect a rollback to them and further downward movement to a strong support of 1.176. Also, if you look closely, something similar to the head and shoulders pattern is formed above the strong support. Pay attention to the global picture and it can be seen that now the price is approaching strong support of the price channel, what will happen next, no one knows yet. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
71