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My Euro Trades

On first day of Trader contest I had made two EURO trades of which one hit a TP and another SL. Effectively ending my day flat.
In my day's first trade I had bought EUR/USD @ 1.6450 for the target price of 1.16670 with stop loss of 1.16250 which unfortunately ended in loss as ADP employment report came in better than expected which caused USD to appreciate.
In my second trade I bought EUR/JPY @ 132.618 with stop loss of 132.470 and target price of 132.850 after the Federal Reserve rate decision …
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MyHedge 20 Nov

Nice recap, we need some new ones :)

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My USD/JPY trade.

Today I have sold USD/JPY at 112.25 for the Target price of 111.82 with the stop loss of 112.45 . Currently USD/JPY is in retracement mode of it's recent rally from 107.30 to 113.40. If it breaks and sustains below 111.99 then the next level of 111.10 can be taken as an extended target price with stop loss suitably modified with recent swing high. FOMC minutes scheduled to be released latter in the day will give us further clarity.
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A look at EUR/USD


EUR/USD has been successfully holding above the downward sloping trend line from yesterday onward. I think it marks the end of downtrend of last few weeks. My immediate target is of 1.1810, a break above this level open the door for rally towards the 1.1890. For a buy trade we can place our stop loss below 1.1740.
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Fed Chair Janet Yellen's remarks awaited.

Federal Reserve Chair Janet Yellen is scheduled to deliver opening remarks at the fifth annual Community Banking in the 21st Century research and policy conference, taking place at the Federal Reserve Bank of St. Louis from today. I am looking for additional information regarding how the Fed wants to proceed considering the state of economy. If she expresses any hawkish view USD may go to cross the recent high of 113.30 which opens up the space for further rally. Else we may see few more days of…
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Looking for a trade in EUR/USD.

EUR/USD has weakened considerably after the German election in which Angela Merkel's CDU/CSU party won only 218 seats as it's vote share declined to 33% this year from 41 % in 2103. I am expecting this weakness to persist for most of this week. Upcoming Friday's US Non Farm Payroll will shed further light on the direction of EUR/USD.
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A look at NZD/CAD

NZD/CAD has come down from the levels of 0.9750 seen in June this year to 0.9125 touched today as CAD has strengthened against almost every currency in anticipation of Bank of Canada raising interest rates from record low levels. I think the major part of weakness in NZD/CAD is over and we may see sideways trades with a upward bias. My target is 0.9205 with a stop loss of 0.9115
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Gonchar 8 Sep

индия рулит

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A look at EUR/USD

EUR/USD is likely to trade sideways with a downward bias till Wednesday in absence of any fundamental trigger of course except any unforeseen event. I will be looking for shorting opportunities with a stop loss of 1.1800 for the target of 1.1680. To make the risk reward ratio more favorable I think it will be better to enter into short trades around the levels of 1.1760 to 1.1770.
Happy trading week to all !
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Gonchar 8 Sep

вроде похоже на правду

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EUR/JPY is searching for a direction.

EUR/JPY is one of my favorite pair to trade simply because of large predictable moves. It has mostly traded in lower highs lower lows formation since the start of this month of August which is exactly opposite of higher highs higher lows formation of last month of July 2017. I don't see any fundamental trigger which may change the course of EUR/JPY in near term. Nonetheless we should watch out for Jackson Hole Symposium speeches of worlds most influential central bankers with Jenet Yellen being …
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Gonchar 8 Sep

круто

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Will EUR/USD resume the Rally?

Well, the answer is 'only CPI can tell'.
Tomorrow we will have the inflation data of Europe's major economy Germany and the United States. Given the recent spate of weak inflation number it will be closely watched for any indication to contrary.
As far as technical are concerned the EUR/USD is taking support near the levels of 1.170 which is also trendline support. If the CPI numbers come favorable I think it will resume the rally.
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Waiting for RBNZ rate decision.

All eyes are now on Reserve Bank of New Zealand for further cues on the direction of NZD/USD. The Reserve Bank of New Zealand is widely expected to keep its official cash rate unchanged at record low of 1.75 percent on August 9th, 2017. Major economic challenges such as persistent surplus capacity and extensive political uncertainty are yet to subside. GDP growth in the March quarter was lower than expected, with weaker export volumes and residential construction partially offset by stronger co…
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