firsttouchfxtrading

firsttouchfxtrading

EURGBP – ongoing Brexit talks where information coming out are once positive once negative, all political games that are affecting forex market. Lots of meetings and speeches this week for both. Charts indicate on 1H and 4H downtrend and daily is indicating uptrend however seems to be stuck at 50 EMA. Next key level if continues down is 0.90190. Fundamentals:...

firsttouchfxtrading

AUDUSD - on down movement all week for AUD. The chart indicates on 1H and 4H downtrend, daily indicates still uptrend however price has broken 50 EMA and seems to be traveling towards 200EMA – sell. We would not look to take a position on this pair until we see a high volume which would cause a big downtrend. Fundamentals: USD: FED chairman Jerome Powell...

firsttouchfxtrading

USDCAD: a lot at stake as the demand for oil starts to decrease which might pull CAD lower. On the other hand, a lot of uncertainty in US when it comes to stimulus and the political situation regarding the election. The chart indicates strong down movement on all 3 timeframes - sell. Next key level at 1.30400 Fundamentals: USD: FED chairman Jerome Powell speech...

firsttouchfxtrading

USDJPY – Chinas Monday data might push JPY higher if outcome better than forecasted, FED speech will be possibly the same as previously where they will be asking for the stimulus to get approved to prevent economic tragedy. Chart trend on all 3 timeframes indicates strong down movement – sell. Monday Fundamentals: Trade Balance - Difference in value between...

firsttouchfxtrading

Fundamentals: HICP MoM (Harmonized Index of Consumer Prices) GER-is a measure of price used by the Governing Council of the EU to define and assess price stability in the euro area as a whole in quantitative terms. Forecasted to remain at -0.4%. Economic Sentiment GER-measures the institutional investor sentiment, reflecting the difference between the share of...

firsttouchfxtrading

GBPJPY = Daily indicates downtrend, 4H/1H indicates an uptrend, next key level at 139.400 if carries on up, all depends from the political and economic news coming out. Fundamentals: Unemployment Rate–currently at 4.1% and is forecasted to rise to 4.3% which will indicate problems with economic recovery and is not good for currency Claimant Count Change-Change...

firsttouchfxtrading

Daily/1H indicates an uptrend, 4H ranging, all depends on what is going to happen in the US regarding stimulus and UK/EU BREXIT, would only wait to enter when confirmation on the key political/economical news come through to determine further movement as it might be easy to get stopped out Fundamentals: Unemployment Rate–currently at 4.1% and is forecasted...

firsttouchfxtrading

CHFJPY Daily/4H/1H indicates a downtrend, the price currently at 0.90900 area, next key level at 0.90100, if continue to fall below we might see a further drop even to 0.87000 or even 0.83400 ⚠️📈Risk Management // Disclaimer 📈⚠️ • Please remember that patience is the second name of this business and risk management is everything. • Do not risk more than what...

firsttouchfxtrading

USDCAD Daily/4H/1H indicates downtrend and currently, we have ±70 pips to a key level (1.30400) where price might be rejected. Might wait for a pullback on a smaller timeframe and enter. Fundamentals: Core CPI YoY–Consumer Price Index is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and...

firsttouchfxtrading

USDJPY - Daily/4H time frames indicate a downtrend, 1H indicates an uptrend, all show rejection of the top trend line channel, wait for a pullback, and once price starts dropping enter. Fundamentals: Core CPI YoY–Consumer Price Index is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and...

firsttouchfxtrading

SELL OPPORTUNITY

firsttouchfxtrading

⚠️📈Risk Management // Disclaimer 📈⚠️ • Please remember that patience is the second name of this business and risk management is everything. • Do not risk more than what you can afford and do not be greedy. • The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not. • We will not be held...

firsttouchfxtrading

⚠️📈Risk Management // Disclaimer 📈⚠️ • Please remember that patience is the second name of this business and risk management is everything. • Do not risk more than what you can afford and do not be greedy. • The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not. • We will not be held...

firsttouchfxtrading

⚠️📈Risk Management // Disclaimer 📈⚠️ • Please remember that patience is the second name of this business and risk management is everything. • Do not risk more than what you can afford and do not be greedy. • The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not. • We will not be held...

firsttouchfxtrading

⚠️📈Risk Management // Disclaimer 📈⚠️ • Please remember that patience is the second name of this business and risk management is everything. • Do not risk more than what you can afford and do not be greedy. • The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not. • We will not be held...

firsttouchfxtrading

We have a possible two-way outcome to this trade so will be interesting to see how the fundamentals affect this pair over the course of the next 24 hours. 1. Our alert is set up at price: 0.87274 and if this hits we would then look to see how the price reacts and wait for confirmation to enter a BUY position back up to its original level of resistance. 2. The...

firsttouchfxtrading

⚜️We are expecting this to break through its bottom level of support, price just broke through a recent down trendline and has started a new uptrend, breaking through a resistance....we are expecting a retest of the broken resistance line which is also the retracement move of the recent impulse move before the bullish price action happens. BUY ENTRY/ALERT :...

firsttouchfxtrading

As you can see from the chart back on the 14th September we indicated an upward movement to a key level of resistance where we then predicted this would fall back down and bounce off down to the level of support, which happened nicely. We then saw a small consolidation zone until the buying pressure comes in and this is where we saw the level of resistance get...