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Atirox.com Forex Broker - Daily Analysis - Support & Resistant

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EUR/USD: technical analysis 22.02.2019

EURUSDH422022019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bearish bias. The instrument is now testing the level of 1.1337 (Murray [7/8]) , which coincided with the middle line of Bollinger Bands. Breaking 1.1322 and holding below it will push the price back to 1.1306 (Murray [3/8])-1.2191 (Murray [4/8]) support-zone. Alternatively, break of of 1.1337, can accelerate the pair towards 1.1352 (Murray [8/8])- 1.1383 (Murray [+2/8]). Technical indicators reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are slightly decreasing in the positive zone.

Support and resistance

Support levels: 1.1322, 1.1306, 1.1291, 1.1276.
Resistance levels: 1.1333, 1.1352, 1.1362, 1.1383.

Trading recommendations

Long positions can be opened above the level of 1.1337 with the target at around 1.1352-1.1383 and stop-loss 1.1322.
Short positions can be opened below the level of 1.1322 with the target at around 1.1291-1.1276 and stop-loss 1.1340.

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USD/CHF: technical analysis 22.02.2019

USDCHFH422022019-1024x576.png

Current trend

On the 4-hour chart, USD/CHF is trading below the middle line of the Bollinger Bands and key support level 1.0009 (Murray [0/8]). Pair’s sustained trading below the 1.0009 will let USD/CHF fall to the level of 0.9994 (Murray [-1/8])-0.9979 (Murray [-2/8]). If the price is set above the level of 1.0025 (Murray [1/8]), the upward movement can restore, and the instrument can back to 1.0040 (Murray [2/8])-1.0070 (Murray [4/8]) resistance-zone. The technical picture is mixed. Bollinger Bands are converging, reflecting the moderate development of the current downward movement. Stochastic is pointed sideways. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.0009, 0.9994, 0.9979, 0.9960.
Resistance levels: 1.0025, 1.0040, 1.0070.

Trading recommendations

Short positions can be opened below the level of 1.0009 with the target at around 0.9994-0.9960 and stop-loss 1.0026.
Long positions can be opened above the level of 1.0025 with the target at around 1.0070 and stop-loss 1.0010.

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USD/CHF: technical analysis 25.02.2019

USDCHFH425022019-1024x576.png

Current trend

On the 4-hour chart, USD/CHF is falling along the lower line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 0.9979 (Murray [-2/8]). A significant decrease is possible after the breakdown of the level 0.9979, which can develop to the levels of 0.9955-0.9929. Assuming the pair’s ability to cross 1.0009 (Murray [0/8]), the 1.0025 (Murray [1/8]) and the 1.0040 (Murray [2/8]) can be targeted if holding long positions. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are slightly leaned downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.9979, 0.9955, 0.9929.
Resistance levels: 1.0009, 1.0025, 1.0055.

Trading recommendations

Short positions can be opened below the level of 0.9979 with the target at around 0.9955-0.9929 and stop-loss 1.0000.
Long positions can be opened above the level of 1.0009 with the target at around 1.0025-1.0055 and stop-loss 0.9995.

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XAU/USD: technical analysis 25.02.2019

XAUUSDH425022019-1024x576.png

Current trend

On 4-hour chart, XAU/USD price went up 1328.12 (Murray [2/8]) level and trying to consolidate above it. The downward trend will be restored after the price is set below the level of 1326.86. In this case, the next targets of sellers will be the level of 1320.31 (Murray [1/8]). Alternatively, break of 1335.93 (middle line of Bollinger Bands) can accelerate the pair towards 1343.75 (Murray [4/8]) but any attempted recovery seems more likely to get sold into aggressively near the 1332.05-1335.93 region.
Technical indicators maintain a sell signal. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are in the positive zone and are moving along the zero line.

Support and resistance

Support levels: 1328.15, 1320.31, 1312.50.
Resistance levels: 1335.93, 1343.75, 1351.56.

Trading recommendations

Short positions can be opened below the level of 1328.15 with the target at around 1320.31 and stop-loss 1330.00.
Long positions can be opened above the level of 1335.93 with the target at around 1343.75 and stop-loss 1334.00.

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NZD/USD: technical analysis 25.02.2019

NZDUSDH425022019-1024x576.png

Current trend

On 4-hour chart, NZD/USD trying to consolidate above the level of 0.6866 (Murray [+1/8]). The upward trend will be restored after the price is set above the level of 0.6897 (Murray [+2/8]). In this case, the raise may continue to the area of 0.6940-0.6967. However, overbought Stochastic could restrict further rise. If the price cannot consolidate above the level of 0.6866, the price can reverse and retest the support level of 0.6835 (Murray [8/8]), which is the middle line of Bollinger Bands . Sustained trading below the 0.6835 mark will push the price back to 0.6805 (Murray [7/8]) -0.6774 (Murray [6/8]).
The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought zone and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.6866, 0.6835, 0.6805, 0.6774.
Resistance levels: 0.6897, 0.6940, 0.6967, 0.7000.

Trading recommendations

Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.
Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6940 and stop-loss 0.6850.

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GBP/USD: technical analysis 26.02.2019

GBPUSDH426022019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The instrument is now testing the level of 1.3122 (Murray [7/8]) that holds the gate for its rise to 1.3183 (Murray [8/8]). There is a chance of an downward rebound from the level of 1.3183 , while its breakout would allow the growth to continue to the area of 1.3244 (Murray [+1/8]) level. Alternatively, breakdown of the level and consolidation of the price below the level 1.3122 will let GBP/USD reach the level of 1.3061 (Murray [6/8]). The downward trend will be restored after the price is set below the level of 1.3061, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]).

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000.
Resistance levels: 1.3183, 1.3244, 1.3305.

Trading recommendations

Long positions can be opened above the level of 1.3122 with the target at around 1.3061-1.3000 and stop-loss 1.3100.
Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.

 

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USD/JPY: technical analysis 26.02.2019

USDJPYH426022019-1024x576.png

Current trend

USD/JPY is in the stage of downward correction after raise to the level of 111.23. The first target of the correction is the level of 110.74 (Murray [7/8]), which corresponds to the middle line of Bollinger Bands. If the price is set below the level of 110.74, the downward trend can restore, and the instrument can retest the support level of 110.54 (Murray [6/8])-110.15 (Murray [4/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 111.32. In this case, the next targets of buyers will be the level of 112.00.
Technical indicators mostly reflect the maintenance of the downward potential. Stochastic has left the overbought area and is pointed downwards. MACD volumes are decreasing in the positive zone. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 110.74, 110.54, 110.35, 110.15.
Resistance levels: 110.93, 111.13, 111.32, 111.50.

Trading recommendations

Short positions can be opened below the level of 110.74 with the target at around 110.35-110.15 and stop-loss 110.95.
Long positions can be opened above the level of 111.32 with the target at around 111.50-112.00 and stop-loss 110.10.

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AUD/USD: technical analysis 26.02.2019

AUDUSDH426022019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting down from the 0.7183 mark. The main target of the correction is the level of 0.7130, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound from the level 0.7130, while its breakdown would allow the fall to continue to the area 0.7110 (Murray [2/8])-0.7080 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 0.7186, the raise can continue to the area of 0.7202 (Murray [8/8]) -0.7232 (Murray [+2/8]).
Technical indicators mostly reflect the moderate maintenance of the current downward trend. Stochastic’s lines are pointed downwards. MACD volumes are decreasing in positive zone. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.7141, 0.7125, 0.7110, 0.7080.
Resistance levels: 0.7171, 0.7186, 0.7202, 0.7232.

Trading recommendations

Short positions can be opened below the level of 0.7130 with the target at around 0.7110-0.7080 and stop-loss 0.7147.
Long positions can be opened above the level of 0.7186 with the target at around 0.7202-0.7232 and stop-loss 0.7170.

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EUR/USD: technical analysis 27.02.2019

EURUSDH427022019-1024x576.png

Current trend

EUR/USD is in the stage of downward correction after raise to the level of 1.1402.

The first target of the correction is the level of 1.1352 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands.
There is a chance of an upward rebound from the level of 1.1352, while its breakdown would allow the fall to continue
to the area of 1.1322 (Murray [3/8]) – 1.1291 (Murray [2/8]).
If the “bulls” manage to raise the rate above the level of 1.1402, the raise can continue to the area of 1.1444 (Murray [7/8]), 1.1474 (Murray [8/8]).

Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.
Bollinger Bands are pointed upwards.
MACD histogram is in the positive zone keeping a signal for the opening of buy positions.
However, the price has broken the upper border of Bollinger Bands,
the downward correction is not excluded.
Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.1352, 1.1322, 1.1291, 1.1261.
Resistance levels: 1.1413, 1.1444, 1.1474, 1.1505.

Trading recommendations

Long positions can be opened above the level of 1.1413 with the target at around 1.1444-1.1474 and stop-loss 1.1394.
Short positions can be opened below the level of 1.1352 with the target at around 1.1322-1.1291 and stop-loss 1.1370.

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USD/CAD: technical analysis 27.02.2019

USDCAD.eH427022019-1024x576.png

Current trend

The USD/CAD pair begins today’s trading with slight bearish bias. On 4-hour chart, the price went down below the level of 1.1383 (Murray [4/8]) and can fall further to the levels of 1.1353 (Murray [3/8]) and 1.132 (Murray [2/8]). If the price is set above the level of 1.1383, which is the middle line of Bollinger Bands, the upward trend can restore, and the instrument can retest the resistance level of 1.3214 (Murray [5/8])-1.3244 (Murray [6/8]).
Technical indicators mostly maintain a sell signal. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold and is pointed sideways.

Support and resistance

Support levels: 1.3153, 1.3122, 1.3092, 1.3061.
Resistance levels: 1.3183,1.3214, 1.3244, 1.3275.

Trading recommendation

Short positions can be opened below the level of 1.3153 with the target at around 1.3122-1.3092 and stop-loss 1.3170.
Long positions can be opened above the level of 1.3183 with the target at around 1.3214 – 1.3244 and stop-loss 1.3163.

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USD/CHF: technical analysis 27.02.2019

USDCHFH427022019-1024x576.png

Current trend

On 4-hour chart, the price went up above the middle line of Bollinger Bands and can grow further to the level of 1.0009 (Murray [0/8]). Assuming the pair’s ability to cross 1.0009 mark, the levels of 1.0025 (Murray [1/8]) and the 1.0055 (Murray [3/8]) can be targeted if holding long positions. Pullbacks below 1.0000 could lead to the 0.9979 (Murray [-2/8]) level. A significant decrease is possible after the breakout of the level 0.9979, which can develop to the levels of 0.9955, 0.9920.
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic is poined upwards.

Support and resistance

Support levels: 0.9994, 0.9979, 0.9955, 0.9920
Resistance levels: 1.0009, 1.0025, 1.0055, 1.0070.

Trading recommendations

Long positions can be opened above the level of 1.0009 with the target at around 1.0025 – 1.0055 and stop-loss 0.9995.
Short positions can be opened below the level of 0.9994 with the target at around 0.9955 – 0.9920 and stop-loss 1.0015.

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XAU/USD: technical analysis 28.02.2019

XAUUSDH428022019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD is falling along the lower line of the Bollinger Bands. If the current trend maintains, the next target of sellers will be the level of 1312.50 (Murray [0/8]). The upward trend will be restored after the price is set above the level of 1320.31 (Murray [1/8]). In this case the correction to the area of the level of 1328.12 (the middle line of Bollinger Bands) can develop. Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1312.50, 1304.68, 1296.87.
Resistance levels: 1320.31, 1328.12, 1335.93.

Trading recommendations

Short positions can be opened from the level of 1318.00 with the target at around 1312.50 and stop-loss 1320.00.
Long positions can be opened above the level of 1320.31 with the target at around 1328.12 and stop-loss 1318.30.

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NZD/USD: technical analysis 28.02.2019

NZDUSDH428022019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is trading in a bear trend and went down below the the middle line of Bollinger Bands. The price has tested the support level of 0.6835 (Murray [4/8]) and was slightly corrected upwards, but the downward trend maintains. A significant decrease is possible after the breakout of the level 0.6835, which can develop to the levels of 0.6805 (Murray [3/8]), 0.6774 (Murray [2/8]). If the instrument cannot consolidate below the level of 0.6835, the correction to the area of the level of 0.6872 (the middle line of Bollinger Bands) can develop. The break of 0.6872 can accelerate the pair towards 0.6897 (Murray [6/8]) – 0.6927 (Murray [7/8]) area.
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is in the oversold area and is pointed upwards reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.
Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6850.

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USD/CHF: technical analysis 28.02.2019

USDCHFH428022019-1024x576.png

Current trend

On 4-hour chart, the price went down below the middle line of Bollinger Bands and can fall further to the level of 0.9979 (Murray [-1/8]). If the pair refrains to respect the 0.9979 support, the levels 0.9948 (Murray [-2/8]) and 0.9921 levels could be set as the next sellers targets. Alternatively, breakout of 0.9996 can accelerate the pair towards 1.0009 (Murray [0/8]). Additionally, pair’s sustained trading above the 1.0009 will let the price to grow to the area of 1.0040 (Murray [1/8]).
Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.9979, 0.9948, 0.9921.
Resistance levels: 0.9996, 1.0009, 1.0040.

Trading recommendations

Short positions can be opened below the level of 0.9979 with the target at around 0.9948-0.9921 and stop-loss 1.0000.
Long positions can be opened above the level of 0.9996 with the target at around 1.0009-1.0040 and stop-loss 0.9980.

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GBP/USD: technical analysis 01.03.2019

GBPUSDH401032019-1024x576.png

Current trend

On the 4-hour chart, the GBP/USD pair trading with slight bearish bias. Now the price is consolidating around a strong supoort near 1.3261, which corresponds to the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3261. In this case, the next targets of sellers will be the level of 1.3061 (Murray [3/8]). Pullbacks below 1.3061 could lead to the 1.2939 (Murray [2/8]) and 1.2817 level (Murray [1/8]). Alternatively, break of 1.3305 (Murray [5/8]) can accelerate the pair towards 1.3427 (Murray [6/8]). Hence, any attempted recovery seems more likely to get sold into aggressively near the 1.3305-1.3427 area.
Technical indicators reflect the moderate maintenance of the current downward trend. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are converging, reflecing the relative calmness of the markets.

Support and resistance

Support levels: 1.3183, 1.3061, 1.2939.
Resistance levels: 1.3305, 1.3427, 1.3500.

Trading recommendations

Short positions can be opened below the level of 1.3261 with the target at around 1.3061 and stop-loss 1.3280.
Long positions can be opened above the level of 1.3349 with the target at around 1.3427 and stop-loss 1.3325.

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USD/JPY: technical analysis 01.03.2019

USDJPYH401032019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The instrument is now testing the resistance level of 111.71 (Murray [8/8]). Breakout of this level will let the price to grow to the area of 111.91 (Murray [+1/8]) – 112.10 (Murray [+2/8]). However, overbought Stochastic and two-month old resistance-line, could restrict further rise. Pullbacks below 111.52 (Murray [7/8]) could lead USD/JPY to the 111.32 (Murray [6/8]) and 110.93 (Murray [4/8]) level.
Technical indicators reflect the maintenance of the current upward dynamics. Bollinger Bands are diverging. MACD is slowly growing in the positive zone, keeping a buy signal. Stochastic is pointed upwards.

Support and resistance

Support levels: 111.52, 111.32, 111.13, 110.93.
Resistance levels: 111.71, 111.91, 112.10, 112.30.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.32-110.93 and stop-loss 111.70.
Long positions can be opened above the level of 111.71 with the target at around 111.91-112.30 and stop-loss 111.50.

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AUD/USD: technical analysis 01.03.2019

AUDUSDH401032019-1024x576.png

Current trend

On 4-hour chart, AUD/USD shows a negative dynamic. The price is approaching a strong support in the region of 0.7080 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.7064 (Murray [-1/8]) – 0.7049 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 0.7110 (Murray [2/8]), the correction can continue to the area of 0.7125 (Murray [3/8]) – 0.7141 (Murray [4/8]). Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 0.7080, 0.7064, 0.7049, 0.7030.
Resistance levels: 0.7095, 0.7110, 0.7125, 0.7141.

Trading recommendations

Short positions can be opened below the level of 0.7080 with the target at around 0.7049 – 0.7030 and stop-loss 0.7097.
Long positions can be opened above the level of 0.7095 with the target at around 0.7125 – 0.7141 and stop-loss 0.7078.

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USD/CAD: technical analysis 04.03.2019

USDCAD.eH404032019-1-1024x576.png

Current trend

On the 4-hour chart, USD/CAD is growing along the upper line of the Bollinger Bands. Now the price has met the significant resistance around of the level 1.3305 (Murray [8/8]),that holds the gate for its rise to 1.3336 (Murray [+1/8]) and then to the 1.3366 (Murray [+2/8]) resistance-line. If USD/CAD cannot consolidate above the level of 1.3305, the downward trend restoration and pullback to the levels 1.3244 (Murray [6/8]), 1.3214 (Murray [5/8]) are possible.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current trend. However, as the Stochastic is in the overbought area, and the price has broken the upper border of Bollinger Bands, the downward correction is not excluded.

Support and resistance

Support levels: 1.3275, 1.3244, 1.3214, 1.3183.
Resistance levels: 1.3305, 1.3336, 1.3366, 1.3370.

Trading recommendations

Short positions can be opened below the level of 1.3275 with the target at around 1.3244-1.3214 and stop-loss 1.3295.
Long positions can be opened above the level of 1.3305 with the target at around 1.3336-1.3366 and stop-loss 1.3285

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EUR/USD: technical analysis 04.03.2019

EURUSDH404032019-1024x576.png

Current trend

On the 4-hour chart, EUR/USD is trading below the middle line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1.1352 (Murray [4/8]). There is a chance of an upward rebound from the level of 1.1352, while its breakdown would allow the fall to continue to the area of 1.1322 (Murray [3/8]) – 1.1291 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 1.1383, the raise can continue to the area of 1.1413 (Murray [6/8]), 1.1444 (Murray [7/8]).
Technical indicators maintain a sell signal.Bollinger Bands are slightly leaned downwards. MACD volumes are decreasing in the positive zone and ready to enter the negative zone.Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.1352, 1.1322, 1.1291, 1.1261.
Resistance levels: 1.1383, 1.1413, 1.1444, 1.1474.

Trading recommendations

Short positions can be opened below the level of 1.1352 with the target at around 1.1322-1.1291 and stop-loss 1.1370.
Long positions can be opened above the level of 1.1383 with the target at around 1.1413-1.1444 and stop-loss 1.1363.

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USD/CHF: technical analysis 04.03.2019

USDCHFH404032019-1024x576.png

Current trend

On 4-hour chart, the price went up above the middle line of Bollinger Bands and can grow further to the levels of 1.0009 (Murray [4/8]). The upward trend will be restored after the price is set above the level of 1.0009. In this case, the next targets of buyers will be the area of 1.0040 (Murray [5/8]) – 1.0070 (Murray [6/8]). Pullbacks below 0.9979 (Murray [3/8]) could lead to the 0.9948 (Murray [2/8]) and 0.9918 (Murray [1/8]) level.
The technical picture is mixed. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 0.9979, 0.9948, 0.9918.
Resistance levels: 1.0009, 1.0040, 1.0070.

Trading recommendations

Short positions can be opened below the level of 0.9979 with the target at around 0.9948-0.9918 and stop-loss 1.0000.
Long positions can be opened above the level of 1.0009 with the target at around 1.0040-1.0070 and stop-loss 0.9990.

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      If you are going to succeed as a Forex trader, you must have a clear plan and strategy that allows you to thrive in real-time market conditions.
      And that's something you should DEFINITELY be doing.
      Many of these can be formulated as you continue to learn about the Forex market, while the use of a demo account through trading platforms like FP Markets allows you to apply this practically in a simulated environment and risk-free.
      Do Manage Your Expectations
      We touched earlier on the subject of emotive trading, which can also have an impact on you as an investor expectation. More specifically, the results of a large and successful trade can create an unrealistic perception of the market, and it is important to remember the loss that failed and command both are part and parcel of any trading experience. This is why you should always risk management measures such as stop-loss to protect your capital in the worst-case scenario.
      Do not listen to rumors
      Make no mistake; the Forex market is one of the most-watched and studied in the world, and in the era of social media it is not uncommon for a variety of rumors out during the trading day. You should try not to listen too closely to speculation that because it is much better to use news sources reliable and verified information wherever possible.
      Do not be greedy
      While greed may be a small factor in your decision to trade currencies, you do not have to let it be your master. The reason for this is simple; the excess of greed can weaken your patience and cause you to become an undisciplined investor who makes decisions based on the return potential than the survival of the trade.
      Don't take revenge on trading
      The term 'revenge trading' refers to the emotional reaction to the loss, as you can see for this chase and recover your lost capital. While it's natural to want to close you're lost as much capital as possible, it is always important to remain in the 'now' trade and execute orders based on the merit of each.
      In the end, Forex trading has some certain risks but if you follow the right steps and regulation then one day you may succeed in Forex. 
      And I really hope these steps which I've highlighted in this article will be benefited to many newbies and if you've any topic in mind that you want me to cover for you then please let me know.
    • By fxfarmerashik
      If you try to be a successful trader in the Forex, you should get something clues correctly. There are many major things you want to pay attention to. 
      So, today I’ll share with you some important tips that you will need along your way. These tips will guide you to sharpen your trading skills together with an eye on the most frequent weaknesses.
      Therefore, without any further ado, let’s dive right in.
      Knowledge is power
      Maybe it was normal that the starters brought in the early stages when they hit the road but you should always take precautions to educate yourself. If you do not, you may end up losing your investment.
       Therefore, it means that you must be very attentive to the educational resources that your broker has given you in the video and document formats. Additionally, you can ask your broker to give you a demo account so you can practice trading on it.
      Reliable Forex Broker
      A broker that offers clear terms of trade and the various encyclopedic assets is ideal for Forex broker. You should ensure that your broker offers to trade in certain instruments area. 
      He or she must provide a demo account where you can practice some trading skills before you go to market life. Years of experience and a well-establishment in the industry are the things that can help you to determine a reliable broker for you.
      Evaluate Fundamental
      When you are done with selecting a Forex broker, you should see if your capital designation for Forex exchange is not above or inadequate and decide your risk resilience.
      100% sure about the results you are looking for, and to achieve that you have to have an overall strategy in place.
      Be Wise While Choosing-Account Type
      Your broker may offer different types of accounts to ensure that one of them will meet your needs. It may seem like a simple process, however, choose the type of account that synchronizes with the experience and expectations. 
      The lower the risk, the higher the likelihood, therefore, it is wise to choose lower leverage.
      And if you want to choose Forex robot or software trading platforms then you should research a lot about the platforms. I think the FIX API trading platform will be best for you.
      Your working day is Similarly Important
      A few Forex exchange people to improve their standard salary by pointing out a few hours of work weekly. Meanwhile, others win alive by dedicating a lot of time and effort, perhaps at the full-time premise to get "compensation". 
      However, you have to be sensible and acknowledge that it was an example of "you only get what you put in" and given that it is likely to have a favorable opportunity, you can not expect to win on the "go".
      You can get off to a fast start with Forex trading if you keep insights and tips in your mind. In the event that you are pursuing a master's, you will be able to verify the results were great and anticipate the possibility to withdraw payment from your trading practice.
      Finally, there are also few facts like study the market, making analysis etc. In order to become a successful trader, you have to work hard.
      So, GOOD LUCK!
    • By fxfarmerashik
      The value of different currencies around the world depend on political events, economic and global social and fluctuates regularly.
      This allows traders engaged fluctuations in foreign exchange or Forex to earn money by basing the sale or purchase of currency on speculation the future value of a particular currency.
      Today the Forex market is worth more than $ 6 trillion and the largest financial market in the world.
      The global Forex market is important for the sustainability of international trade relations, import and export, and the global economic framework and provides a livelihood for thousands of Forex traders around the world.
      Read on to learn more about -
      - Forex trading strategy
      - The benefits of Forex trading
      - 5 best strategies for 19-20
      First of all, what is Forex trading?
      Forex trading is the basis for all international transactions and exceeded the volume of futures or stock market trading.
      The purpose of Forex trading is to exchange one currency for another in the faith that the value of the currency received will increase in the future.
      What are the different Forex trading strategies?
      Forex traders use many strategies and methods of analysis to determine the best time to buy and sell currencies. Here are the most important strategies involved in Forex trading.
      Fundamental Analysis: Fundamental analysis looks at the integral indicator of the economy to understand if the currency is likely to be undervalued or overvalued in the future. This method can be a little daunting because it involves a lot of data elements of a country's economy.
      This method also analyzes currency inflows and outflows in addition to economic news releases in the country.
      Technical Analysis: Many traders favor this strategy as it gives a decent insight into the predictive value of the currency. It involves reviewing past behavior and recently to predict the value of the currency in the future.
      Technical analysis involves a long list checklist for detecting small fluctuations in currency trends. It provides merchants with a visual and scientific basis to determine when to buy and sell currencies.
      Trade Trends: This method involves identifying a trend of increase or decrease in the price movement of the currency. Using these trends to determine the best time to buy and sell currencies based on the strength of a trend.
      This method involves a variety of factors such as the moving average, the value of the currency now and the relative strength indicator to calculate trends.
      Swing Trading: This strategy looks to set up shop during the 'swing' trading-day period. This period is when the market registers the maximum activity. This strategy reduces the false price movements observed during the lean period.
      Breakout Trade: Trade Breakout identifies the entry point of various trades before trading. If the price of the currency broke out of its range, traders can assume that the trend will continue. Similarly, if the price falls below the range, traders will know better than to sell the currency.
      Why do you have to learn Forex trading?
      Here are the main reasons that should convince you to invest the time and money to pursue a course in Forex trading.
      It can serve as an additional income: Trading in foreign exchange can help you supplement your income from a steady job, which can ease your financial situation. However, it is important to note that it takes to build skills and intuition in the subject.
      It is less dependent on the labor market: It serves as a perfect source of income because they do not get a lot of the work rate or downsizing in the companies affected.
      You can choose the timing of your work: Unlike the stock market which is open for only six hours a day, the Forex market is open 24 hours for 5 days a week trading. This gives you the flexibility to choose your work schedule.
      It involves lower transaction costs: Due to less number of intermediaries in the business, Forex trading has significantly less transaction costs unlike other types of trading. This will reduce your expenses and increase your profit margins.
      You can work anywhere: You can access the Forex market from every part of the world as long as you have a computer and an internet connection to work. These days, it is even possible to trade when you travel with the help of a smartphone.
      While all of the strategies involved in Forex trading, it takes time and technical expertise to know which one will be used at certain times. Pursuing a short course on Forex trading can help you become an experienced trader.
    • By fxfarmerashik
      FOREX trading might sound to you like something unique, but it’s not difficult to explain because most people consider it tough to understand.
      Though it is true, this is different from what you normally use in other capital markets, but the ideas behind it are the same; to get as much profit as possible in a very short time.
      The Forex exchange market is the largest market in the world without anyone approaching it. It is traded in trillions of dollars a day all the time, so it is attractive to both; traders who trade in small or larger sizes because Forex trading is relatively easy to complete your trade and the cost of doing business is much lower.
      So, without any further ado, let’s dive right into Forex trading and how it works.
      What is Forex trading?
      Forex is a synonym of foreign exchange, so basically it is trading one currency with another currency. Most of us have probably done this kind of exchange, manually if not electronically.
      For example, if you go on holiday to Malaysia, you must convert your money to Malaysian ringgit, or if you go to the US for a vacation; You will spend USD in the US. This is a form of Forex trading where you sell your own domestic currency for foreign currencies.
      How does a Forex broker work?
      Forex brokers are basically intermediaries who buy and sell on behalf of someone. Every time you work through a broker, he will get some money as a commission called a spread.
      Now, the great thing about the Forex market today is that the spreads are far lower because Forex brokers are very competitive businesses.
      When you open an account with a good broker like Exness, they will do what is known as KYC, called Know Your Clients.
      So, that means you have to show some credentials to ensure that you have good credit, especially if they give you leverage (lend money to trade).
      Who trades Forex and why?
      On a much larger scale, trade is carried out by central banks, large banks, companies, governments, and retail traders.
      Central banks intervene in the foreign exchange market to bring a balance in the currency so that they remain competitive in exports.
      So, they sell their own domestic currency on a large scale to buy whatever relevant raw materials they need from other countries.
      Finally, retail traders; like you or me, speculate in the Forex market for profit.
      The advantage of Forex trading
      High Liquidity
      So, every time you place an order on the Forex market, you don’t need to worry about completing your trade because there are many buyers and sellers in the market.
      According to the latest survey, Forex traders have jumped close to 10 million in the market.
      Risk management
      Forex allows you to trade very small lot sizes. Unlike stocks, where there is a large risk involved, in Forex, you don’t need to trade big to get big profits.
      Open 24/7
      Forex gives you the option to trade whenever you want, Monday to Friday. You can wake up early or late at night. You can go home from your daily work, and the Forex market will remain open and in full bloom.
      So, in the end, Forex trading is now on the edge of online trading. Though many people still don’t know how it works. So, for them, if you have any question in my mind regarding Forex trading then please let me know.
    • By fxfarmerashik
      The cTrader IC Markets platform gives you approach deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders throughout the world value trade in the ECN environment, combined with surpassing cTrader functionality and streaming prices from several global banks, giving you the best trading solutions.

      Very Low Spread

      IC Markets recommends several tight spreads from all Foreign exchange brokers globally. Spreads on EUR / USD can often be seen at 0.0 pips during European and North American trading sessions. The average spread on EUR / USD is 0.1 pip 24/5. This is currently the most stringent EUR / USD average spread from any broker globally.

      No Restrictions on Trading - Scalping Allowed

      CTrader IC Markets Platform has no restrictions on trading. We have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place an order between spreads because there is no minimum order distance and a freezing level of 0. This means orders including stop-loss orders can be placed as close to the market price you want. Traders can also hedge positions because there is no first exit rule (FIFO) with IC Markets.

      Price Level II - Market Depth

      CTrader market depth shows the full range of executable prices that come directly from liquidity providers. Orders are fulfilled for full order books using Volume Weighted Average Price (VWAP). The cTrader platform offers transparent liquidity for each currency pair by showing the available volume for each price level at a certain time. High liquidity, spot prices are out of sync, and low latency guarantees the tightest spread possible.

      About IC Markets

      IC Markets is the only forex True ECN broker in the world that provides trading solutions for active traders and brokers, as well as traders who are new to the forex market. IC Markets offers its clients the leading trading platform, low latency connectivity, and superior liquidity. IC Markets revolutionizes online forex trading online traders can now gain access to prices and liquidity that were previously only available to investment banks and high net worth individuals.

      For more information: https://www.topasiafx.com/best-forex-broker/ic-markets

      So, my trader fellows, read the process of choosing a trustable, reputable and almost best broker platform to start trading for the modern days: https://www.topasiafx.com/blogs/15-best-choosing-ways-of-a-trusted-forex-broker

      Media Contact:

      -International Capital Markets Pty Ltd

      -Level 6 309 Kent Street

      -Sydney NSW, 2000 AUSTRALIA

      Email: info@icmarkets.com

      Global Phone Numbers

      General: +61 (0)2 8014 4280

      Fax: +61 (0)2 8072 2120
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