Read my annotations and don't gt tricked by the sneaky banks who are best friends with the media.
It's all a big mafia.
Trading was opened up to the public for one reason only... so they can steal your money!!
Trade like the institutions, if you basically do the opposite of what everyone on MyFxbook does you will probably become profitable haha..
They need you...
Daily Support created the illusion for people to go long, the stop losses just below.
Remember if you buy, your stop loss is a sell. You SELL your BUY position at a worse price!
China and Australia's economies are very tied together, due to the corona outbreak the AUD is tanking.
This added with the fuel from all the stop losses below the daily resistance zone...
So... the UK data coming out today is pretty important, if bad it increases the chance of a rate cut by the BOE, but if positive it kinda kills it! So there should be pretty big movement on the GBP if the print is better than expected or worse thane expected!
The video pretty much explains our thinking here and our trading tactic, we are long on GBPUSD and we are...
ZCash has been on the extended downtrend but with news of new partnerships on the horizon it looks like ZEC may have
a sharp move back to the upside.
Estimates Bounce Zone 0.004745 - 0.004732
News Item Search Term : these-brothers-think-save-zcash
The announcement of the Federal Open Market Committee (FOMC) Fed meeting results was the main event. As we expected parameters of monetary policy were left unchanged. As for the comments, the Fed has been extremely positive about what is happening in the US economy recently. At the same time, the Central Bank noted weak inflation indicators, which were perceived...
NASDAQ - LTA de 2008 Segura para dar novo topo ou cai para 2007?
Niveis importantes a serem testados:
- LTA que vem desde 2008 (Azul)
- Resistencia que segurou o preço durante 1ano (Amarelo)
Dependendo das noticias que surgirem nos proximos relatorios o preço é segurado pela LTA ou caso sejam resultados pessimistas pode mesmo...
The Reserve Bank of Australia did not introduce changes in monetary policy. Consequently, we did not observe any significant reaction of the pairs with the Australian dollar. However, today, after the publication of week data on Australia`s GDP, against the background of previous even weaker data, the Australian dollar could not stand it and fell down....
- Weak pound due to BREXIT
- More upcoming uncertainty with the brexit date on the 29th
- Trade war in the US creating uncertainty on global demand
hurting UK exports (excluding financial sector)
- Trade surplus likely to increase during the fall in demand
- Possible upcoming Austerity in the UK
This is my view of the GBP in the current market state,...
As we mentioned the Friday data on the NFP is unlikely to cause severe damage to the dollar. Actually, the whole reaction ended on Friday. The dollar already grew on Monday, pushing off from the support of 95.60 on the Dollar Index.
Since Monday was a relatively calm day due to holidays in Japan, the USA and Canada, there were no global changes in the basic...
Last week ended for the dollar relatively on a minor note. The reason - the weak data on the NFP. That is, the number in itself in +134K is not harmful, but the markets expected a much higher value of the indicator (+185K). The negative effect was compensated partially for by unemployment figures, which dropped to the lowest since 1969 values and turned out to be...
In the past few weeks we've seen the selling of the gold metal becoming hectic as if it was in an alternative gold rush to sell.
A position of sellers still, at around the 1200.00 area, price looks like it had a moment of strength to take it back up to that level and the sellers will enter again for another sell off and take price down further to an area we...
Looks like a build up of Sell orders at around the 1.0150 area, Sellers getting their orders in, this week we have some news releases regarding Retail Sales m/m and Core Retail Sales m/m both of which could have an impact on USD strength. SNB Governing Board Chairman Thomas Jordan is due to speak about the Sovereign Money Initiative at a Vollgeld event. With a top...