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Everybody waiting for French election result which is on Sunday,but little evidence of defensive positioning in the EUR. GBP continues to fly the flag, batting off the negative mood over the latest Brexit exchanges. Commodities in focus, but tentative signs of some near term relief. CAD overstretched. US jobs report mixed at best.The week after the US non-farm payrolls is usually a quiet affair, but by the time the Asian session Sunday is up and running, we should have a good idea of the outrigh…
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ARTICLE for BEGGINERS in TRADING
Hello Traders!This article is a sincere appeal from team of Powerful Traders to beginners in trading!
Please, rremember that, the real trading is not an easy deal. Do not believe in many advertisments, where some brokers or dealers offer you to teach (unpaid) for trading in short time, like a pro! It's a Lie! Why? Because the real trading is a serious business and it shall be treated as endless analysis, huge of mistakes, losses, experience & comparison! All social media with the bright advert'…
Please, rremember that, the real trading is not an easy deal. Do not believe in many advertisments, where some brokers or dealers offer you to teach (unpaid) for trading in short time, like a pro! It's a Lie! Why? Because the real trading is a serious business and it shall be treated as endless analysis, huge of mistakes, losses, experience & comparison! All social media with the bright advert'…
EURo falls below 1.05 on the first trading day
Euro fell back below 1.05 on the first trading day of the year but has already recouped half of those losses in today's Asian session. Political risks are likely to have the pair capped in the first half of the year at least.
1.05 - 1.055 is the initial resistance and then stronger one at 1.06 - 1.065. A sustained hold below 2015 low (1.046) would target 2016 low (1.035) and then area around 1.025.
1.05 - 1.055 is the initial resistance and then stronger one at 1.06 - 1.065. A sustained hold below 2015 low (1.046) would target 2016 low (1.035) and then area around 1.025.
EURo breaking to the upside
After falling in eight out of nine days since February 12th, Euro finally closed higher yesterday. A tug of war around 1.10, between 50 and 100 DMA on the downside and 200 DMA on the upside, is currently resolving to the bulls' liking.
However, the move is happening on low Asian session volume. We'll have to wait until European/London session to see whether it will be confirmed.
However, the move is happening on low Asian session volume. We'll have to wait until European/London session to see whether it will be confirmed.
Asian session currency pairs performance 26 aug 2015
In Asian session currency pairs particularly yen pairs move very fast ups and down trend lets see in FTSE session which pairs will change trend and how much??????????????
Yen bounces overnight
After nearly 200 pip fall yesterday, the pair found support in 120.40 - 120.70 band in US afternoon. It then rallied in Asian session, in line with slightly better sentiment with regard to Greece and stabilization in Chinese stocks.
It is now back above 100 DMA which has been reinforced by Weekly Support 2, Monthly Support 1 and 121.00 big figure level. First stronger resistance is seen at previous support between 121.90 and 122.05 (March high, Previous Week Low, Weekly Support 1, Daily Resistan…
It is now back above 100 DMA which has been reinforced by Weekly Support 2, Monthly Support 1 and 121.00 big figure level. First stronger resistance is seen at previous support between 121.90 and 122.05 (March high, Previous Week Low, Weekly Support 1, Daily Resistan…
EUR/USD +100 Pips Profit. Trade Explanation
In today's blog post I'll talk about my trades from yesterday. I've been trading on the short side of EUR/USD and actually I was able to take 2 trades making a cumulative profits in excess of +100 pips. My first trade was right at the London Open (see Figure 1) which is the ideal time to enter your trades because form my own experience the low/high of the day is made during that time of the day, there is a probability of 65% of that to happen.
Again, fading the London Open is one of my best …
Again, fading the London Open is one of my best …
Dollar strength continues
There was a bit more action in currencies in today's Asian Session than yesterday. General pattern was that of US Dollar gains.
Euro broke below 50 DMA (~1.0960) and traded down to Daily Support 2 (1.0931). If it doesn't bounce today, we will likely see continuation lower and a possible retest of the lows near 1.0450. Next intraday support may be found around 1.0900 - 1.0905 (Daily Support 3, 1.09 level).
Euro broke below 50 DMA (~1.0960) and traded down to Daily Support 2 (1.0931). If it doesn't bounce today, we will likely see continuation lower and a possible retest of the lows near 1.0450. Next intraday support may be found around 1.0900 - 1.0905 (Daily Support 3, 1.09 level).
EURo gained overnight
The Dollar pulled back across the board overnight into a holiday extended weekend. There's Whit Monday in some European countries, Spring Bank Holiday in UK and Memorial Day in US on the first day of the next week.
The notable movers were the Australian and New Zealand dollars, but the Euro managed to put up 50 pips, which is quite a lot for the Asian Session. Today's calendar is full, but the market will be focusing on the (Core) CPI report from the States.
The notable movers were the Australian and New Zealand dollars, but the Euro managed to put up 50 pips, which is quite a lot for the Asian Session. Today's calendar is full, but the market will be focusing on the (Core) CPI report from the States.
EURo continues higher
Following yesterday's bounce from previous (1.0450 - 1.1050) range high, Euro was bid for the most of Asian session and came into European session on its highs. Despite positive data and few attempts to the upside, it went sideways until weaker than expected ADP Non-Farm Employment Change sent it through resistance in 1.1275 - 1.1300 band.
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…