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Forex-trading

Btc ready to jump read the caption The 4H chart shows that the BTC/USD pair has been in a strong bullish trend in the past few days. It remains below the 50-period and 25–period Exponential Moving Averages (EMA). The pair has also dropped below the Ichimoku cloud and the lower side of the Donchian channels. Also, the Relative Strength Index (RSI) has moved below the oversold point. Therefore, the pair will likely have a dead cat bounce and retest the resistance at 45.000 and then resume the uptrend trend.
BITSTAMP:BTCUSDLong
by Mrsam36
Gold soon on the moon read the caption Gold price (XAU/USD) attracts some buying during the early European session and turns positive for the second more expected buy when European session active successive day on Wednesday, albeit lacks follow-through and remains in a multi-day-old trading range above the $2,040-$2,052 zone. Traders pushed back their expectations for the first interest rate cut by the Federal Reserve (Fed) to May from March in the wake of a still-resilient US economy. This, along with the underlying bullish tone around the equity markets, turns out to be a key factor acting as a headwind for the non-yielding yellow metal. 
OANDA:XAUUSDLong
by Mrsam36
Gold struggle to selling read the caption Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
OANDA:XAUUSDShort
by Mrsam36
EURUSD follow the bearish trend read the caption EURUSD 1 hour On the 1 hour chart, we can see more closely the recent price action at the support zone and we can see that in the APAC session the price don't broke through the trendline, which might be a good omen for the sellers. In fact, if the price were to break further through the support, then the breakout would be confirmed, and the seller will likely pile in more aggressively to extend the rally into the 1.10 level. On the other hand, if the price were to erase the entire rally and break below the counter-trendline, then a fakeout would be confirmed and that’s generally a reversal pattern.
Long
by Mrsam36
WHAT IS NONFARM PAYROLLS?Let's talk about trading on Nonfarm payrolls news. What is this news, why traders always expect it, when it comes out, where to look for it and most importantly why the market fluctuates like crazy when NonFarm Payrolls are released? What is Nonfarm Payrolls? Nonfarm Payrolls (NFP) is the number of new jobs in nonfarm sectors of the economy over the past month. The released figures show the dynamics of changes (increase, decrease) relative to the previous period. This statistic covers about 500 sectors of the economy: construction, trade, business services, transportation, logistics, financial sector, health care, tourism and so on. The calculations do not take into account workers in the agricultural sector, non-profit organizations and self-employed citizens. A change in the NFP value of 100-200 thousand jobs will lead to strong volatility in prices of world currencies in pairs with the U.S. dollar, gold and stock markets. When Is This Data Released? NFP is calculated and published by the U.S. Bureau of Labor Statistics (BLS), releasing preliminary data on the first Friday of each month. Given the significance and impact of the event on the global economy, a repost of these statistics can be seen on any economic calendar, the primary source is on the BLS website. You can also view upcoming economic events on the popular Forex Factory service. The time of news release depends on the U.S. Bureau of Statistics. A trader should check the exact time and date of release every time, as it depends on the readiness of calculations of the Bureau of Labor Statistics. Any calendar indicates the format of data in the form of three figures: previous, actual value and forecast. How Does The Market React? Traders evaluate the released data by several criteria: • Matching with the forecast or with the previous value. With such figures, a spike in volatility can take place without a strong and directional short-term movement; • Strong changes cause global shifts such as reversals or strengthening of long-term trends, changes in historical volatility values. Job growth is a leading indicator of growth in the U.S. economy. New hands in an office or manufacturing facility is the last stage of preliminary work done by a company to expand its business. By this time, it has: 1. Attracted investment 2. Expanded production capacity or sales departments for already purchased products 3. Growing employment leads to US GDP growth, low nonfarm payrolls data is a sign of a coming crisis This is clearly seen in the graph of all employees, built on the dynamics of changes in NFP since the beginning of the calculation, where the areas of global economic crises are marked. Why Does The Market "Fly" On Nonfarm Payrolls ? Significant price changes occurring in the Forex market when macroeconomic indicators are released are due to the lack of support for prices by market makers. During the release of important news, there is no need to support market liquidity, as the attention and funds of large players are attracted. As it was said above - the value of the indicator is a signal for revision of long-term trends, so huge amounts of funds are put in motion. The absence of a market-maker leads: • Spread widening (distance between buying and selling prices); • Low volumes of nearby orders in the stack. Therefore, the inputs of large players literally "collect the stack" at the moment of dismantling orders at all price levels, the same applies to the exit from positions. The market moves by 50-150 points, which is an acceptable error for long-term positions, but it is killer for stops, which limit losses of intraday traders. Roughly speaking, the market "flies" during the NFP release because it is relatively easy to move the price at this time. And not because all traders of the world are panic selling/buying currencies. What Should You Do If Nonfarm Payrolls Are On The Calendar Today? There's only one 100% profitable way to trade the nonfarm payrolls! So how do we trade them? YOU DON'T. Yeah, that's right. If you see the NFP coming out today, then: - When trading intraday, close all positions half an hour before the news comes out - When trading long term, remember that the average price movement is 50-60 pips and the maximum is 150-200 pips. This should be taken into account, it is possible to change the stop loss - Remember that after an average of 6 hours the price often returns to the same level as before the news An interesting point: if you study many strategies, you will see that on bigger timeframes (H4, D1), news carrying changes can serve as a trigger. The market plays back the data in a "second wave", after the volatility calms down, market makers will start accumulating positions on the flat movement. The tactic is called "step" at the end of fluctuations in a narrow channel there is a strong impulse and directional trend, actively shifting the markets to new price levels. Conclusion Let's summarize the rules of 100% profitable strategy of trading on Nonfarm Payrolls. Half an hour to an hour before a major news release, simply clsoe all positions. Even if there is a small loss, it is probably better to close them. Two hours after the Nonfarm Payrolls release you can trade again in a normal mode. But since it is already Friday and evening, there is no sense to trade. So, an hour or half an hour before the nonfarm close all positions and go to rest.
Education
by Lingrid
1
HOW TO TRADE THE EURJPYToday we will talk about how to trade EURJPY; one of the most volatile, but also the most popular cross-currency pairs on the forex market. Quite a large percentage of profitable traders include it in their trading arsenal. We will tell you about the differences of this pair, which is sometimes called "the beast". THE ECONOMIES OF JAPAN AND THE EUROZONE Japan has the 3rd largest GDP, behind only China and the USA. The country is a producer and exporter of automobiles and high technology and is therefore very sensitive to energy prices. The central bank, the Bank of Japan, is a publicly traded company with 45% of shares owned by private and institutional shareholders. Interest rates are interspersed between negative and very low, ranging from -0.1% to 0.1%, which makes borrowing in yen extremely popular. The government has traditionally struggled with a high yen and low inflation rates to make Japanese exports more competitive. Earlier it was achieved through so-called currency interventions, and many traders had an opportunity to earn good money by anticipating the moment of the next sales by the Japanese Central Bank, but today the increase in inflation is achieved through stimulus programs - purchases of long-term government bonds and other financial assets by the Central Bank. The Euro is the official currency of the Eurozone, which consists of 27 EU member. Between them, these 27 countries of the Union form a single market with an economy that accounts for 14% of the world's output in 2021, making it the third largest economy in terms of nominal GDP, the largest exporter and the largest importer of goods and services. The main governing bank, the European Central Bank, regulates the monetary policy of the eurozone's constituent countries, maintaining overall price stability. In the long term, the ECB's policy pursues similar goals to the Bank of Japan of growing the economy through stimulus programs. GLOBAL TREND There has been an uptrend since the beginning of 2020. This is when the Eurozone consumer price index went into negative territory (from 0.3% at the beginning of 2020 to -0.3% by the end of 2020), due to the aftermath of the pandemic. No significant recovery has followed since then, and the situation was only exacerbated by the escalation of Eurosceptic sentiment in certain countries of the Union, which ultimately led to Brexit. At a greater distance EURUSD shows that this was not always the case, and the strongest uptrend in the post-crisis 2012 is proof of that, followed by a decline. And if we consider EURJPY, we should assume that the uptrend will continue in the coming time, which means that when trading on daily charts, the advantage remains for the upward signals. Of course, the situation may change, but based on the currently available data and the dynamics of recent years, the global trend indicates an upward trend. EURJPY VOLATILITY The average daily volatility of EURJPY is approximately 88 pips. The most volatile days are Wednesday and Thursday. The highest intraday volatility is observed at the American session and at the European and Pacific sessions. But it should be noted that there is no such a strong dependence on the sessions as for EUR and GBP, and therefore activity can be expected at any time of the day. CORRELATIONS The most stable correlation is observed with USDJPY on the 4-hour charts. Therefore, if you have detected some signal on this pair that has not yet played out on EURJPY, it may be worth getting ready to enter a position. USDJPY is well correlated with the Japanese stock market, namely the Nikkei 225 index. And accordingly, EURJPY will have similar correlations with the Nikkei 225 due to its close correlation with USDJPY, which is observed below: ECONOMIC CALENDAR When working with the economic calendar, it is important to follow the news related to the European currency and Japan, as well as the US dollar, paying attention to the most volatile ones, which are marked with three red bars. Speaking about the news background, it will also be important to note that cross pairs, such as EURJPY or GBPJPY, react more smoothly to USD news, as they are less popular among traders and investors who prefer to take risks during such hours on EURUSD or, say, USDCAD trading. There are noticeably fewer spikes. TRADING EURJPY The pair is universal and is perfect for both scalpers and trend traders both on higher timeframes and lower timeframes. But reasoning from the point of view of practical popularity, let's say that intraday trading certainly prevails over trading on daily charts. Strong trends are perfectly visible on daily charts, which opens up acceptable conditions for long-term trading. On 4 hourly and even 1 hourly timeframes you can easily observe steady trends with pullbacks. In addition, due to the relatively higher volatility of the pair compared to the same EURUSD, and with exactly the same characteristic sharp movements, EURJPY trends are more clean and prolonged. It is worth considering that for this pair you may also need to increase the stop loss because of the spikes, where on low timeframes it is simply necessary to put it farther away, otherwise there are risks that they will be knocked out. Breakout strategies also work well on the same strategies of consolidation exit, allowing to take good profits. Boxes (consolidations) are visible to the naked eye, but even here it is worth setting the indicators properly so that they take into account these candle wicks. TO SUMMARIZE • The EURJPY pair trades perfectly and universally both intraday and on daily timeframes. • It is worth taking into account spikes and tails, which can easily knock out your stop loss. And therefore, calculate the stop loss with the appropriate correction for higher volatility. • The same candlestick wicks can be used for your benefit by opening opposite small-target positions after long wicks. • Breakout strategies work well, in particular, bull flag and bear flag patterns. • More clearly defined trends than classic pairs such as EURUSD. • There are correlations with USDJPY, as well as the Nikkei 225 stock market.
Education
by DeGRAM
1
Potential turning on UJ h1?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too! The higher timeframe is still on the upside, just that pullback could be there and do take note of the tuesday rate news by BOJ Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys