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GBP/JPY Outlook (18 March 2022)Overall, GBP/JPY is ranging across. The Bank of England (BoE) hiked interest rate by 0.25% yesterday during their monetary policy meeting. However, the central bank revised its language on future rate hikes from the previous “likely appropriate in the coming months” to “might be appropriate in the coming months”, indicating a lower likelihood of future rate hikes. Furthermore, all but one committee member voted for a hike of 0.25% while the other member voted for a hike of 0.50%. This voting result is less hawkish when compared to the previous result of five members voted for a hike of 0.25% and four voted for a hike of 0.50%. As a result of this dovish rate hike, GBP took a hit and weakened across the board. Currently, GBP/JPY is testing the resistance zone of 156.000 and the next support zone is at 153.800. Look for short-term selling opportunities of GBP/JPY if it rejects the resistance zone of 156.000.
Short
by JinDao_Tai
3
GBP/USD Outlook (18 March 2022)Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the resistance zone of 1.32200. The Bank of England (BoE) hiked interest rate by 0.25% yesterday during their monetary policy meeting. However, the central bank revised its language on future rate hikes from the previous “likely appropriate in the coming months” to “might be appropriate in the coming months”, indicating a lower likelihood of future rate hikes. Furthermore, all but one committee member voted for a hike of 0.25% while the other member voted for a hike of 0.50%. This voting result is less hawkish when compared to the previous result of five members voted for a hike of 0.25% and four voted for a hike of 0.50%. As a result of this dovish rate hike, GBP took a hit and weakened across the board. GBP/USD’s next support zone is at 1.30400 and the next resistance zone is at 1.32200. Look for short-term selling opportunities of GBP/USD.
Short
by JinDao_Tai
1
AUD/USD Outlook (18 March 2022)Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.73000. The Australian employment data released yesterday indicated more jobs were created in February than in the previous month while unemployment continued to decline. - Employment Change (Actual: 77.4K, Forecast: 36.0K, Previous: 28.3K revised from 12.9K) - Unemployment Rate (Actual: 4.0%, Forecast: 4.1%, Previous: 4.2%) AUD/USD’s next support zone is at 0.73000 and the next resistance zone is at 0.75000. Look for short-term buying opportunities of AUD/USD if it breaks above the key level of 0.74.
Long
by JinDao_Tai
USD/CAD Outlook (18 March 2022)Overall, USD/CAD is ranging across. Recently, USD/CAD trended into the support zone of 1.26100. The Canadian retail sales data will be released later at 2030 (GMT+8). - Core Retail Sales m/m (Forecast: 2.3%, Previous: -2.5%) - Retail Sales m/m (Forecast: 2.4%, Previous: -1.8%) Currently, USD/CAD is testing the support zone of 1.26100 and the next resistance zone is at 1.29200. Look for short-term buying opportunities of USD/CAD if it rejects the support zone of 1.26100.
Long
by JinDao_Tai
USD/JPY Outlook (18 March 2022)Overall, USD/JPY is trending upwards. Recently, USD/JPY bounced down from the key level of 119. The Japanese National Core CPI y/y data (Actual: 0.6%, Forecast: 0.6%, Previous: 0.2%) released earlier today indicated a rise in annual core inflation at a faster pace than previous month. The Bank of Japan will be announcing their monetary policy decision later at an unannounced timing. With inflation in Japan running low and the high uncertainty caused by the ongoing Russia-Ukraine war, the central bank is expected to keep it’s monetary policy unchanged for now. Japanese banks will be closed next Monday in observance of Vernal Equinox Day. Expect lower trading volatility and volume during the usual Japanese market hours. USD/JPY’s next support zone is at 118.000 and the next resistance zone is at 120.000. Look for short-term buying opportunities of USD/JPY.
Long
by JinDao_Tai
1
Things you should consider in trading to make it as a career Hello everyone: 6 points I like to share on what you should consider in trading to make it as a career. 1. Trading is not a get rich quick scheme Contrary to what social media, scammers, fakers and fake trading gurus want you to believe, trading is NOT a get rich quick scheme. Those who believe such usually end up over trading, over leverage, blow accounts and give up. (Trading is actually a reasonable method to yield money return. It is how consistent traders make a return on their original investment/deposit with proper risk management, strategies and methods. ) 2. Technical/Fundamental Analysis dont work all the time. Trading ANY sort of strategy, method or style will always have a percentage of failure and losses. Its probability, not right or wrong. The main goal in trading is to make sure you have proper risk management, good Risk:Reward ratio, and look for consistency, sustainability in the long run. (Sometimes traders blame their strategies, method, style, mentor and other things due to their trades not working out. Not trading strategies can yield 100% strike rate, if there is, there will not need any risk management, and anyone trader should get rich) 3.Limit your risk per trade Proper risk management is super crucial to a trader’s success. Many traders often risk way more than their accounts can handle, after all what's 10%-20% of a $100 to many people ? But would you risk 10-20% on a $100,000 account ? and lose $10,000-$20,000 in one trade ? (Too many new traders deposit a small amount of money hoping it can double and double and double. But they often over risk, over leverage the account. The result is it only take a few trades to totally blow the account up.) 4.Must use stop loss It may have worked out for you a few times where you remove your SL, and the price reverses and you close with profits. But what if the price goes against you more and more? Can you stay mentally sharp enough and continue to hold the trade when the losses pile up more and more ? You more likely can not, which will end up resulting in a margin call and/or blow the account. (In the past I had a trader who approached me and showed me his losses on OIL where he removed his SL and price continued to go against him. IT has come to a point where he reaches margin call, and the broker actually open opposite positions to “hedge” his losses) 5. Don’t over analysis and combine multiple trading strategies, methods and style Over analysis and complicating your charts may lead to confusion and is not necessarily efficient. Most trading strategies do work on their own, but when combined with so many other strategies, it creates conflicts, contradiction and confusion for traders. (Often traders combine too many random indicators, S/R, trendlines…etc all on one chart. It makes it hard to analyze, and have a bias of the direction of the market) 6.Always use a top-down analysis approach. Multi-time frame analysis is key. Always start from the higher time frame to the lower time frame. The higher the time frame the stronger and noticeable the price action it is. Understanding a higher time frame can give you a possible direction and bias. While the lower time frame will be your confirmation and entry. (Have seen many new traders jump onto the 1 min chart to trade. While there are successful scalpers with proper years of experiences, good trading psychology and emotion, most newcomers will not be able to handle the stress and pressure from it. ) Don’t give up
OANDA:XAUUSDEducation
by jojofang0901
35
UPDATED BUY SIGNALWell in has been a couple of weeks since our last update and many things have happen with major consequences.... The announcement of high inflation here in the United States and world wide with high oil and gas reaching $130 a barrel and gas as high as $7.50 a gallon... Then we have the war with Russia and Ukraine.... and now today we started the first of many interest rates hike by .25.. So I make no excuses for why the our recommendations did not work but never expected a war and we have never had so many things effecting the world of the crypto coin market.... So now stepping out with a recommendation Bit coin closes above $42500 on good volume, I believe it will trigger a rally to start, if only for a short time up to $44000 to 47000....and at the time of this writing we are at $40997.... we have also added Eutherian coin to our charts. it is $2763 and looking for it to go above $2800..... it is our belief that in the long term I believe this is long term 4x..... I am stay that if you are a hodler DOGE has a 100% return from here in the next 180 days and $0,36 in 360 days...... Finally we are in new territory for crypto investing so do your own due diligence and this is just our thoughts on our own analysis for the technical side and charts show where we have been and possible way we are going.... Good investing and thank you all for following and asking your questions of our thoughts...............
BINANCE:DOGEUSDLong
by jimbo70448
BAT/USDTYesterday I published an Idea to buy BAT in deep I don't know how many of you guys got it, Our first target was filled yesterday now we are waiting for the second one What do you guys think after the second target we should sell or hold? I was checking the holders of BAT it is increasing and it's 443,370 less than 1 million Let me know your opinion guys. Good luck Dizoor be dostan rajebe arze BAT goftam nemidonam chan nafareton kharidin / target avalemon anjam shod montazere target dovom hastim. be nazareton bayad in arzo hold kard ya forokht bade residan be atrget ? holderhash zire 1 million hastesh va 443,370 hold kardan in arzo. baram nazareton benevisid . movafagh bashid
Education
by tradingwizardtw
2
GBP/JPY Outlook (17 March 2022)Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 155 and traded into the resistance zone of 156.000. The Bank of England (BoE) will be announcing their monetary policy later at 2000 (GMT+8). It is expected that the central bank will be hiking interest rate by 0.25%. If the central bank carries out a 0.50% rate hike, this will likely lead to the strengthening of GBP. Pay attention to the BoE’s view on how the ongoing Russia-Ukraine war can impact any further rate hikes in the future. Also, take note of any plans from the central bank regarding corporate bond sales. Currently, GBP/JPY is testing the resistance zone of 156.000 and the next support zone is at 153.800. Look for short-term buying opportunities of GBP/JPY if it breaks the resistance zone of 156.000.
Long
by JinDao_Tai
1
GBP/USD Outlook (17 March 2022)Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.30400 and broke above the key level of 1.31. The Bank of England (BoE) will be announcing their monetary policy later at 2000 (GMT+8). It is expected that the central bank will be hiking interest rate by 0.25%. If the central bank carries out a 0.50% rate hike, this will likely lead to the strengthening of GBP. Pay attention to the BoE’s view on how the ongoing Russia-Ukraine war can impact any further rate hikes in the future. Also, take note of any plans from the central bank regarding corporate bond sales. GBP/USD’s next support zone is at 1.30400 and the next resistance zone is at 1.32200. Look for short-term buying opportunities of GBP/USD.
Long
by JinDao_Tai
EUR/JPY Outlook (17 March 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 130.000. The European Central Bank President Lagarde will be speaking later at 1730 (GMT+8). During this time, there may be volatility in EUR. Currently, EUR/JPY is testing to break above the key level of 131. Its next support zone is at 130.000 and the next resistance zone is at 131.500. Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 131.
Long
by JinDao_Tai