Trading with caution, this week will be very volatile with high volume, also the FED decisions will greatly affect the market. I will update as soon as possible if there are any newest developments. You can adjust the screen scale for bigger font sizes. -------------------------------------------------- Trade setup Suggested entries : 1st entry : 1.343...
Trading with caution, this week will be very volatile with high volume, also FED and BOJ decisions will greatly affect the market. I will update as soon as possible if there are any newest developments. -------------------------------------------------- Trade setup Entries : between 108 - 109. Take profit : 112 - 113. Stop loss : slightly below...
Pair GBP/USD is sideways a few days, but I think will soon move, Let's read the GBP / USD charts in this daily time by stages, 1. Green slope that began to form since the month of April 2017 lasted until now. 2. Daily line MA50(yellow) and MA100(orange) has been a strong support line since 29 March; And MA200(red) has been broken up since April 18th. The overall...
We trade US NFP news with the assumption that an increase in interest rates on June 15 will surely be raised; Or at least people buy this rumor. This setup is actually a high risk, because tomorrow June 2 will be out the news Non Farm Payroll US, if the results of the data is positive, then our position is safe; And a 'double top' price formation will be formed. Cheers!
Pair is under pressure is actually very predictable, because we can see before the price of gold has increased remarkably. Fundamentally, the Swiss-currency which is a safe-haven when the global economy is volatile, tends to strengthen; Coupled with the strengthening of gold, it is very predictable strengthening this pair. The price movement has sharply dropped...
Pair USD/CAD seems to be heading down, fundamentally the news that Saudi and Russia agree to suppress oil production, so oil prices strengthen, as well as CAD currency (CAD strengthen it mean USD/CAD going downwards). And I read an article about the seasonal trade that mention about the month of May usually CAD pair tends to strengthen. link:...
The gold price seems to have gained ground at 1216 prices, according to the uptrend line. At this time seems to appear a good enough opportunity to take a buy position.
The French presidential election has been won by Macron who has a desire to strengthen cooperation in the eurozone and establish communication with the UK about Brexit. So that the euro currency is predicted to strengthen in the next few weeks. Pair EUR / USD has soared through the Daily's MA200 and now stands for 13 days over the MA. Predicted the Daily's MA200...