MujkanovicFX

MujkanovicFX

Hello traders! In the previous Educational Post (4 of 20) we learned what FIST (Fundamentals, Intermarket, Sentiment, Technicals) is about and why you need to use this trading framework in your trading. I strongly believe that incorporating a range of analytical disciplines returns better trading results than focusing only on one tool. This is how big players play...

MujkanovicFX

Hi traders, here's a detailed update and forecast for EUR/USD. FUNDAMENTALS: Fundamentals remain bearish for the pair. With rising US (but also European) yields, better than expected US Manufacturing PMIs (60.8 vs 58.7), and weak European numbers this morning (German retail sales -4.5%, Spanish and German unemployment change missing forecasts), the pair is...

MujkanovicFX Updated 

Fundamentals remain supportive Fed's Powell dovish speech from yesterday failed to provide much support for the EURUSD pair, but fundamentals remain overall supportive for further gains. This morning, the final German GDP q/q beat expectations, but rising US yields are still a headwind for bulls. Later today at 15:00 London time, Powell continues his testimony...

MujkanovicFX

The EURUSD pair opened the day higher as risk-on flows led to a weakening US dollar. Markets remain focused on the Biden stimulus package, which could come soon since the Trump's trial is now over. The economic calendar for today showed that industrial production in the eurozone missed expectations (-1.6% vs -0.4%), while trade balance numbers came in better than...

MujkanovicFX

Hi traders, wish you a happy and prosperous New Year. In the last EDU post, we touched on the main factors that move currencies in the short, medium, and long run. Professional traders follow these influences to determine what currencies to buy and sell. However, each trader has its own time horizon, so following long-term market determinants if you want to hold...

MujkanovicFX

EDU 3 of 20: What Moves the Forex Market? Hello traders! First of all, I wish you a merry Christmas and a happy holiday season. Now that markets are closed and liquidity is thin, we have got some time to learn more about what it takes to become a successful Forex trader. In the last educational post (2 of 20), we have covered why you shouldn’t rely only on...

MujkanovicFX

Happy Thursday traders! It’s time to continue with our Educational Series on how to become a successful trader with a professional trading approach. It's holiday season, and closed markets mean more time to sharpen our trading skills! Let's go... In the last post, we touched on the main ingredients of a successful trader (check the link to "related idea"). Let’s...

MujkanovicFX Updated 

Hello traders, here comes an update on EUR/USD. Fundamentals: Fundamentals remain supportive for EURUSD as markets remain optimistic on US stimulus and positive numbers from the eurozone. German and French PMI numbers all beat expectations this Monday, as well as German PPI numbers and the ifo business climate index. Intermarket: 2-year yield differentials...

MujkanovicFX Updated 

Happy Tuesday traders, here is an update on our GBP/USD trade that was closed in profit today. FUNDAMENTALS News that the UK has reached an agreement in principle with the EU led to a sharp spike in GBP pairs. However, the liquidity area between the 50% and 61.8% Fib level keeps holding. An agreement in principle is not a trade deal yet! INTERMARKET 2-year...

MujkanovicFX Updated 

Hello traders, here comes today's trade in USD/JPY. Fundamentals: Broad USD weakness and Yen strength this morning, pushing pair lower. USD weakness ahead of FOMC and stimulus hopes. Intermarket: 2-year yield differentials pointing lower since Asia session. Nikkei 225 lower, pointing at JPY strength. Sentiment: JPY one of the top performing currencies in the...

MujkanovicFX

Hi traders, I've been busy with trading and didn't have much time to upload new ideas. Sorry for that, here comes a short educational post. Trading isn't complicated, but it's complex. Certain patterns appear over and over again, and our job is to take advantage of them. Here is an example in EUR/USD. The pair broke above a major resistance level on the daily...

MujkanovicFX

EDU 1: What Does It Take to Become a Profitable Trader? Hello traders. With this post, I am starting an educational series on TradingView unlike any other. We’ll go through all the aspects and nuances of becoming a professional, consistently profitable, and successful trader. Now, those are big words. You have likely heard them from various other sources that...

MujkanovicFX Updated 

Hello traders After a strong start this morning, the Australian dollar faced significant selling pressure in the US session as risk-off flows hit the market. The S&P 500 is falling, and US dollar is picking up - most likely because of flight to safety ahead of the meeting between PM Johnson and EC President Von der Leyen (scheduled at 19:00 GMT this...

MujkanovicFX Updated 

Good morning traders, Our today's Trade of the Day has already reached on of the profit targets and is currently trading 100 pips in plus. Now, here's a FIST update on EUR/USD. FIST stands for Fundamental, Intermarket, Sentiment, and Technical analysis. Fundamental The weak dollar pushed the EUR/USD pair higher and caused a break below the important 1.20...

MujkanovicFX

Hello traders, The US dollar has been in a strong downtrend in the recent months as risk sentiment improved significantly. Markets are always looking 6 to 18 months in the future, and positive vaccine news promises global economic recovery in the next year. Moreover, US President-elect Biden's plans to increase fiscal spending puts additional selling...

MujkanovicFX

Hello traders. What a day for the pound! After a strong sell-off overnight which accelerated in the London session (our Trade of the Day closed with a great profit), the pound has now moved towards its previous value area (Point of Control) where the most trades exchanged hands overnight. Some reports suggest that the call between PM Johnson and Von der Leyen...

MujkanovicFX

Hello traders, as reports show that a trade deal between the UK and the EU becomes increasingly unlikely, our trade of the day is a short in GBP/JPY. FUNDAMENTALS Trade deal weighs on the British pound and the JPY has been overall a good performer overnight on slight risk-off flows (Nikkei 225 down.) The pound was the worst performer as investors and traders...

MujkanovicFX

Good morning traders! It's December 7th, 2020. Let's prepare for the upcoming trading day with some important market updates. PREVIOUS TRADE OF THE DAY Our previous Trade of Day in EUR/AUD went nicely in our direction but the Buy Limit order never got triggered. The pullback was too shallow (strong EUR here!). MARKETS The week is starting with lower...