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About Naumnic

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  1. In the forex market is very dificulty trade mini account, however I think that We can participate in forex demo competition and earn money that we can investing more capital and we have succefull in the daytrade
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  3. In this piece, we will describe the situation on EURCHF, where a week ago we were waiting for a buy signal. We did not say that there'd be a buy signal right now, but we acknowledged the possibility: “As long as we stay below the Fibo mentioned above, sentiment will remain negative, but the breakout of this line will give us a proper buy signal." This is what we wrote back then. See forex trading calculator here! Patience is the virtue of every trader. Usually, you need to wait for the proper signal. In this case, it did not happen and the price dipped lower. Thursday was decisive here. The price broke the lower line of the flag and the short-term horizontal support. That gave a boost to the sellers and cleared the way south. Monday is bringing us a breakout of the green line connecting the bottom of the head and the right shoulder. That represents the total cancellation of the positive sentiment and opens the way for us towards new yearly lows. The sell signal will be cancelled when there is a breakout at the black line. That resistance has been connecting the most important lower highs since April. The chances of that are rather slim.
  4. The euro took a dive on the back of a broadly stronger dollar, along with a weakening pound and Canadian dollar, which dragged the market down with it. Today, the euro dropped from 1.1369 to 1.1316. The British pound has fallen to 1.2958. This drop came after reports of UK Minister for London Jo Johnson’s resignation, who left his post saying that he cannot support the government’s Brexit deal. Day’s news (GMT+3): 12:00 Eurozone: ECB Vice President Luis de Guindos speech. 22:30 US: FOMC member Daly speech. 24-hr US: Veterans Day. Fig1. EURUSD daily chart. Current situation: On Monday, the dollar continued on its upwards trajectory against the majors, including the euro. The pound is falling and dragging all other currencies down with it. The dollar is being propped up by expectations of further interest rate hikes. The EURUSD pair has dropped to 1.1269 today. I’ve shown the daily chart above in order for you get a better idea of the bigger picture. The trend line was broken through on the 24th of October. The bulls tried, and failed, to get the rate back to this level. The rate instead dropped to 1.1268, and is currently sitting around the lower line of the B-B channel. The forex calendar is virtually empty today. There’s a small chance of a rebound from the line. If we look at the bigger picture, the euro looks poised to drop to 1.1050. 1.1160 will provide some intermediate resistance.
  5. Following a week of generally positive volatility in the cryptocurrency markets, multiple altcoins are now trading down 5% or more as Bitcoin failed to stabilize above $6,500. The recent market action ultimately leaves investors wondering the same question that has been pondered all year: will the markets see an end-of-year rally as we head into the winter months? At the time of writing, Bitcoin (BTC) is trading at $6,450 on the aggregated markets, down just over 1% over a 24-hour trading period. Despite falling below $6,500, Bitcoin is still trading within its long-established trading range between $6,200 and $6,700, and it has yet to decisively move above or below the parameters of this range. I suggest to forex fundamental analysis for dummies here! As mentioned in yesterday’s market update, during BTC’s period of sideways trading, multiple altcoins have had an incredibly profitable week, with the recent market surge being primarily led by Ripple (XRP) and Bitcoin Cash (BCH). Today, however, these two cryptocurrencies have been the worst performers, with XRP trading down nearly 8% and BCH trading down just over 6%. Despite having a rough day filled with bearish trading volume, these two cryptocurrencies could see better pricing in the coming days, depending on whether or not today’s drop was simply a temporary retrace resulting from profit taking from traders. Bitcoin Cash especially has a high chance of seeing continued gains up until its hard fork event which is scheduled to occur on November 15th. Traders may place long positions on BCH in hopes of continued buying preceding this event, and investors may increase their positions in order to get free units of the cryptocurrency resulting from the hard fork.
  6. On Thursday the 8th of November, trading on the euro closed down. The euro fell markedly against the US dollar after the publication of the European Commission's report, which is expected to slow the Eurozone economy in 2019. The European Commission lowered the GDP forecast in the Eurozone from 2% to 1.9%. After the meeting, the US Federal Reserve's Open Market Committee (FOMC) accelerated the pair's descent. As expected, the FOMC decided to leave key interest rates in the country in the range of 2.00%-2.25%. The Committee confirmed its forecast for a gradual increase in interest rates. The statement that risks would remain balanced was present in the September statement, and remains intact. The next meeting is scheduled for December. Another rate hike is expected later this year. See economic calendar here! Day's news (GMT+3): 10:45 France: industrial output (Sep). 12:30 UK: GDP (Q3), total business investment (Q3), industrial production (Sep), trade balance (Sep), construction (Sep). 16:00 UK: NIESR GDP estimate (Oct). 16:30 US: PPI (Oct). 18:00 US: Michigan CSI (Nov). 21:00 US: Baker Hughes US oil rig count. Fig 1. EURUSD hourly chart Current situation: Our forecast for the high and low was accurate. I did not consider the jump from the high (1.1447). I expected a fall to the trend line on Friday, while sellers passed this yesterday. In addition, there was a breakout of the upwards channel and the area around the 112th-135th degree acted as a support. I did not make a forecast for Friday due to the conflicting situation we have. The price may fall to 1.1313, or via a correctional movement under the trend line. There is no important news scheduled for today for the euro, and should the euro strengthen to 1.1375, that could cancel the bearish scenario.
  7. On Monday the 13th of August, trading on the euro closed slightly up. Markets took a breather after a sharp drop which started on Friday due to increased tensions between The US and Turkey as well as the fact that Trump ordered the doubling of tariffs on Turkish metal. The Turkish crisis first started affecting developing markets and has gone on from there to impact the developed world. The US dollar and Japanese yen have been the safe haven assets of choice. The EURUSD pair dropped to 1.1365. In Monday’s European session, the EURUSD rate rose to 1.1433. Day’s news (GMT+3): 09:00 Germany: GDP (Q2), CPI (Jul). 09:45 France: CPI (Jul). 10:15 Switzerland: producer and import prices (Jul). 11:30 UK: claimant count change (Jul), ILO unemployment rate (Jun), average earnings (Jun). 12:00 Eurozone: GDP (Q2), industrial production (Jun), ZEW survey – economic sentiment (Aug). 12:00 Germany: ZEW survey – economic sentiment (Aug). 15:30 US: import price index (Jul). 23:30 US: API weekly crude oil stock. Fig 1. EURUSD hourly chart. Source: TradingView. Current situation: Since the USDTRY pair is consolidating at around 6.90 USD, the EURUSD pair recovered from the 225thdegree to 1.1433 as part of a correction. The rate returned to the LB balance line (sma 55). While the market is currently in equilibrium, prices may deviate from this line. The lira isn’t getting any stronger, so the correction could come to an end as the European session gets underway. Stay alert. Trading on the dollar is mixed in today’s Asian session. The euro crosses are in negative territory. Considering that an important support has been broken on the weekly timeframe, after a pullback, the first target levels for sellers will be 1.1380 (45 degrees) and 1.1351 (67 degrees). At 12:00, Eurozone GDP and industrial production figures will be released. At the same time, a ZEW survey on economic sentiment for both Germany and the Eurozone will be published. These are important indicators, so expect a surge in volatility around this time on all pairs involving the euro. If volatility does rise, this should last for about 30 – 40 minutes. Source: https://alpari.com/en/beginner/articles/trading-strategies/
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  10. Naumnic


    I think I learned how to do technical analysis forex and I consider For the first time in over a year EUR / USD is trading below 1.15. the direction remains bearish in the long and short term. I think the strength of the dollar goes on
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  12. You can earn money on each Pip won, here you have a definition pip forex trading. However, the forex market can generate profits but also lost. That's why you have to have the concepts clear and a defined strategy can be successful in your trade
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  14. Trading opportunities on the currency pair: There’s a familiar pattern on the weekly timeframe, by which we could see the Kiwi dollar start an upwards correction after the RBNZ meeting. If prices reverse along the same trajectory as the previous drop, the immediate target will then be 0.6990. This outcome is still on the cards as long as the pair is trading above 0.6660. Current situation The NZDUSD pair has been in a sideways trend with a range of 171 pips for 5 weeks. What’s caught my attention at the moment is that the downwards movement starting from 0.7437 is similar to the drop starting from 0.7558. These waves are almost identical, and considering that the pair is trading around the lower line of the 2-2 channel, there’s a high risk of an upwards reversal, as we saw in December 2017. Another important thing to note is that on the weekly timeframe, minima are formed on a cycle of 20 – 29 weeks. We’ve now passed the 29-week mark, so the situation temporarily favours the bulls. Considering that a bullish divergence has appeared on the AO indicator (second window), when it crosses the zero line, the column’s colour will change to dark grey, a sign of a strengthening Kiwi dollar. The US dollar had a mixed day against the majors on Friday. The Kiwi dollar shed 0.33% or 23 pips to reach 0.6743. July’s NFP report didn’t meet market expectations, although thanks to a rise in average hourly earnings and the upwards revision for May and June’s readings, the report was received reasonably well. 157k new jobs were created in July (forecast: 189k). The reading for May was revised from 244k to 268k, and June’s was revised from 213k to 248k. The unemployment rate dropped from 4.0% to 3.9%, which perfectly matched expectations. US10Y bond yields reacted to these statistics with a drop, which led to a lot of the major currencies to close the day down. On Thursday the 9th of August, the Reserve Bank of New Zealand will make a decision on interest rates. The regulator is expected to leave its current monetary policy unchanged. After the meeting, or even ahead of the decision, we might see the beginning of an upwards correction for the Kiwi on the weekly timeframe. NZD has been in a weak position relative to the dollar for 34 weeks. If the pair follows the pattern of the previous drop, the first target will be 0.6990. This marks the 38.2% of fib ratios forex the drop from 0.7437 to 0.6688. This level is also bolstered by the trend line drawn from 0.6197 (from August 2015). There’s support at 0.6559 (lower line of the 2-2 channel) and 0.6465 (lower line of the 1-1 channel). The RBNZ meeting is one of this week’s key events. The Kiwi dollar is in a weak position against its US counterpart, so I think it’s ok to keep your short positions open on this pair.
  15. On Friday the 3rd of August, trading on the euro closed down. High volatility was observed in light of the publication of the the US labour market report. July data on the number of those employed in the non-agricultural sector of the US did not meet market expectations. Although the data was below 189 thousand, the report is not bad, as the average hourly salary has grown and the indicators for May and June have been revised upwards. US 10-year bond yields fell on news of the report, with many major currencies closing in positive territory on Friday as a result. As a result of last week, major currencies closed in the red zone against USD. The greatest decline was shown by the British pound (-0.84%). Then came the euro (-0.75%), the New Zealand dollar (-0.68%), the Japanese yen (-0.23%), the Australian dollar (-0.03%), and the Swiss franc (-0.02%). The Canadian dollar was the only currency to record growth (+0.55%). US data: The number of new jobs was 157 thousand (forecast: 189 thousand). May figures were revised from 244 thousand to 268 thousand, and in June - from 213 thousand to 248 thousand. The overall revision amounted to +59 thousand. The unemployment level fell to 3.9% (previous: 4.0), which coincided with expectations. The average hourly earnings index was 0.3% (forecast: 0.3%, previous: revised from 0.2% to 0.1%). The ISM business activity index for the service sector for July was 55.7 (forecast: 59.0, previous: 59.1). Day's news (GMT+3): 9:00 Germany: factory orders s.a. (MoM) (Jun). 11:30 Eurozone: Sentix Investor Confidence (Aug). Fig 1. EURUSD hourly chart. Source: TradingView Current situation: Friday's multidirectional fluctuations once again confirm that it's pointless to make market forecasts on payrolls day. The 157th degree acted as a support. The price bounced off that area three times and now sellers are trying to test it below 1.1550. I see the pair is poised to rebound to 45 degrees (1.1558). The Stochastic Oscillator isn't favouring buyers at the moment, so it will only be safe to enter long positions if the trend line gets broken. The balance line (Lb) will act as an intermediate resistance. Now it is passing through 1.1600. The economic calendar is looking pretty scarce. There's nothing to stop buyers from inducing a correction. See more forex strategies in Alpari.com
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