Get started

Forexalerts

FOREX:Big Picture 5th December 2021: Pairs in FocusThe difference between success and failure in Forex trading is very likely to depend mostly upon which currency pairs you choose to trade each week and in which direction, and not on the exact trading methods you might use to determine trade entries and exits. When starting the trading week, it is a good idea to look at the big picture of what is developing in the market as a whole and how such developments and affected by macro fundamentals and market sentiment. There are a few long-term trends beginning to reassert themselves, so it can be a profitable time to trade the markets. Last week’s Forex market moved in line with the long-term bullish USD, but price movements were driven more by other currencies and falling stock markets for the second week running. The new omicron variant of the coronavirus, which is feared to be powerful enough to evade vaccines and potentially require economically painful measures, has sent risky assets lower and money flowing into safe havens. It is not known yet whether the effect of omicron will be bad or not, but until it is known, markets are likely to be dominated by fear. In the Forex market, we see the greatest weakness in the Australian and New Zealand dollars, as commodity currencies are very vulnerable to a resurgent coronavirus, with the Australian dollar especially weak after falling by more than 6% over the past five weeks alone. Safe-haven currencies such as the Japanese yen, the Swiss franc, and the US dollar are all higher. Markets are clearly in risk-off mode. I wrote in my previous piece last week that the best trades for the week were likely to be long of USD/ZAR and USD/MXN. Unfortunately, the USD/ZAR currency pair fell by 0.68%, and USD/MXN fell by 2.06%. This produced an average loss of 1.37%. Fundamental Analysis & Market Sentiment The headline takeaways from last week were: A coronavirus variant of concern, named the omicron variant, has spread to more than forty countries. The variant is heavily mutated, and it is believed that it may have a strong capacity to evade current vaccines. Some countries have already closed their borders to non-nationals and enforcing isolation on all new arrivals. It remains unclear as to what extent this variant is more transmissible, more resistant to vaccines, or more deadly. There is some evidence of the first two but little yet of the latter, in fact there is some speculation that omicron causes milder disease. However, South Africa, where omicron is becoming dominant, has seen a dramatically exponential rise in cases and an increase in the number of young people hospitalized over recent days. U.S. non-farm payrolls data came in much lower than had been expected, with only a net 210k new jobs being created compared to the expected 553k new jobs. OPEC agreed to expand production of crude oil early in 2022 by an extra 400k barrels per day, despite already falling prices. This sent the price of crude oil even lower, although WTI Crude Oil did find some support near the key inflection point at $61.89. The Chair of the Federal Reserve Jerome Powell heavily hinted that tapering would need to be expedited and also removed language about inflation being “transitory”, probably shoring up the US Dollar with this more hawkish tilt on monetary policy. Australian GDP came in better than expected, but still showed a quarterly contraction of 1.9%, compared to an expected fall of 2.7%. This is recessionary if maintained. The poor Australian outlook is reflected in the plummeting Australian dollar. The coming week is likely to see a similar amount of volatility, with direction likely to be determined mostly by how dangerous the omicron variant is believed to be as more tests are performed on it. The volatility will be more due to omicron than to anything scheduled for release, as it will be a relatively light week for data. The coming week’s major scheduled economic releases will be: Reserve Bank of Australia monthly policy release. Bank of Canada monthly policy release. US CPI (inflation). This is likely to be by far the most important item as annualized US inflation is already running at its highest level in more than 30 years and has probably not peaked yet. Last week saw the global number of confirmed new coronavirus cases rise for the seventh consecutive week after having fallen for two months before that. The situation was already not looking good in Europe before the omicron variant was discovered. Approximately 54.9% of the global population has now received at least one vaccination. Pharmaceutical industry analysts now expect a large majority of the world’s population will receive a vaccine by mid-2022. The omicron variant has been confirmed as present in forty countries. The strongest growths in new confirmed coronavirus cases overall right now are happening in Andorra, Belgium, Cyprus, Denmark, Finland, France, Germany, Italy, Jordan, Lebanon, Luxembourg, Mali, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, South Africa, Slovakia, Switzerland, Spain, Slovenia, Trinidad, and the USA. Bottom Line I see the best opportunities in the financial markets this week as likely to be short of AUD/USD and NZD/USD, following daily (New York closes) at new lows.
TVC:DXY
by SmoothJB
Forex Update 03.12.2021Hello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose slightly on Friday, ahead of the release of the latest monthly U.S. jobs report, which might solidify a faster pace of tapering and, potentially, early interest rate hikes despite the omicron-induced uncertainties. The Dollar Index, which measures the value of the US dollar against a basket of six other currencies, climbed 0.2 % to 96.305, slightly higher for the week. That would be the sixth weekly gain in a row. The EUR/USD declined 0.1 % to 1.1284. Daily Support & Resistance points : support Resistance 1) 1.1279 1) 1.1334 2) 1.1260 2) 1.1368 3) 1.1225 3) 1.1388 The GBP/USD dipped 0.2 % to 1.3279. Daily Support & Resistance points : support Resistance 1) 1.3273 1) 1.3337 2) 1.3240 2) 1.3368 3) 1.3209 3) 1.3401 The USD/JPY increased 0.2 % to 113.34. Daily Support & Resistance points : support Resistance 1) 112.79 1) 113.43 2) 112.43 2) 113.71 3) 112.15 3) 114.07 The AUD/USD sank 0.4 % to 0.7066, just above its 13-month low of 0.7063. Daily Support & Resistance points : support Resistance 1) 0.7077 1) 0.7114 2) 0.7062 2) 0.7136 3) 0.7040 3) 0.7152 The dollar gained ground this week after Federal Reserve Chair Jerome Powell testified to Congress that inflation would remain high for longer than the central bank had predicted, and that Fed policymakers would consider a faster tapering of the central bank's bond-buying program at their December meeting. This hawkish tone was maintained on Thursday, with San Francisco Fed President Mary Daly stating it may be time to "start building a plan" to raise interest rates to battle inflation, and Richmond Fed President Thomas Barkin discussing "normalizing policy." Money markets are once again predicting that the central bank would raise its benchmark rate by 25 basis points at its June 2022 meeting, as they did before the first news about Omicron. The focus now shifts to the release of the monthly official jobs report in the United States for signs that the labor market is strengthening. The report's generally definitive signals, however, are likely to be muffled by the fact that it predates the advent of the new version. Nonfarm payrolls are predicted to have climbed by 560,000 in November, up from 531,000 in October, while the unemployment rate is expected to fall to 4.5 percent from 4.6 percent in October. However, both the ADP private payrolls on Wednesday and the initial unemployment claims on Thursday were greater than predicted, indicating that a positive surprise is a possible possibility. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
CAPITALCOM:DXY
by GabiDahduh
GBPCAD SHORTS ✅✅✅On into the next week i expect GCAD to drop, price just took out liquidit above buy side liquidity (BSL) equal highs+weekly highs and closed bearish below, we have multiple bullish imbalance that price will try to close next week. For a better entry wait for a high momentum bearish candlestick on h4/d1, also what supports this idea is the correlation between usoil and cad i hope we will see a small retracement on usoil on monday so that means bullish CAD and our chart BEARISH. Comment below what you think about.
Short
by AnonimFXRO
1
EURGBP I start the week in a sell ⤵️👍Morning traders here's to a new trading week. We start the week with a EURGBP short which has been live since 8:30 UK time POW reversal strategy in use here for this trade. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart to and a few of this were covered in ideas last week. The last trade was covered on Friday and can be seen below. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed it shows all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
EURGBP long is live📈POW reversal strategy in use here for this trade. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed it shows all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
EURGBP buy valid 👊It's late on but I thought I would end the night sharing some trades I still find myself in come end of the day. POW EDGE trend strategy in use for this EURGBP trade. Entry details are shown on the chart the trade has been live since 20:00 UK time. Working the H1 time frame here and we're only looking for TP3. Previous trades can also be seen on chart and regular followers will know this strategy and some of those trades have been covered recently. Simple small pip movement this strategy but the figures in the report box back it up that it's a proven way to trade in this manner. As always the report box at foot of the idea shows the stats for this strategy. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
1
EURUSD long so far so good 📈👀As stated in my last idea I'm ending today sharing some trades I still have running. We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade. Trade has been live since 12:00 UK time, Working the H1 time frame here and we're only looking for TP3 looking for a 98 pip move to hit that target. This is a 1:5 RR strategy so natuallry the win rate is lower than some other ideas I post on my page. Win rate isn't everything in trading and despite the 28% win rate this strategy has as you will see it still makes profit. 1% risked each time but 5% gained on the trades that win see this strategy still return profit. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
NZDUSD short running 📉🏃Using the POW reversal strategy on this pair. Trade details can be found on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed show all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
3
AUDCAD sell has alerted 🔔📳POW reversal strategy in use here for this trade. Trade has just alerted and details are on the chart. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trade can be seen on chart also. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed show all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
NAS100 WITH AYANDANXUNALO_SAI am currently looking at selling nas100 we will be Selling NASDAQ once it retests my trendline forming a lower high after that low it has printed... As we know nas100 goes in correlation with Dollar index , the dxy is currently at a very significant area where it has just retested our up trending Resistance and we are expecting it to drop... Once the Dollar Index Drops then we will be looking at selling nas100 and almost all pairs with the Dollar as Base Currency How Ever we will be reactive and not predictive towards this trade
FX:NAS100Short
by FX-ICONs
1
GBPCHF short valid 👇✅It's clearly CHF day as this is my third idea on a CHF pair! Using the POW reversal script for this strategy. Trade details for current trade are shown on the chart. Trade has been live since 11:45 UK time and we are using our POW reversal script. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red short arrow is entry point and purple line is stop loss. Been a good run over the last few days on this strategy as you will see from the previous trades on the chart. Lets see if it can end the week on a high. As always trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
I'm in a EURCHF short 📉🙌Good week for this strategy as you will see on chart. Trade details for current trade are shown on the chart. Trade has been live since 10:30 UK time and we are using our POW reversal script. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little red short arrow is entry point and purple line is stop loss. In draw down at time of writing but I stick to the proven back tested plan and let the trade play out. Trade history can be seen at the foot of this trade idea too for full transparency. Previous trades of the week can be seen on chart. All bar one have found target lets see how what probably the last trade of the week for this strategy plays out. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
2
AUDCHF short has alerted 🔔⤵️We are using our POW reversal strategy for this trade a GBPAUD short. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Faast action scalp strategy this one. Previous long trades can also be seen on chart. Can we go three for three. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
1