Open trading account 
The difference between success and failure in Forex trading is very likely to depend on which currency pairs you choose to trade each week, and not the exact methods of trading that can be used to determine trade and exit income. Every week I will analyze the fundamentals, market sentiment and technical positions in order to determine which currency pairs are most likely to produce the easiest and most profitable trading opportunities for the next week. In some cases, it will be a matter of exchanging following the trend, in others of trading on the levels of support and resistance in the wider markets.
General Framework March 18, 2018In my previous article last week, the only choice I made was the GBP / USD long. This obviously worked well, as the currency pair increased by 1.11% during the week.
Last week saw again a still volatile stock market where the S & P 500 was above a simple 200-day moving average. The steady decline in equity valuations has been interrupted, but the chart still seems relatively dangerous for the bulls. The tension on Syria played a role, even if relatively minor. The main event in the Forex market was the release of weaker-than-expected US inflation data, which had the logical effect of depressing the relative value of the dollar. It remains to be seen how markets will feel about risk appetite after weekend events in Syria, although it seems clear that an escalation of the conflict will probably not be imminent, so it could be improved.
The currencies of risk and raw materials gained during the week, with the strongest Canadian dollar, which can be explained by the increase in oil prices. It seems logical to suggest that tensions in the Middle East have played a role in that growth.
Fundamental analysis and market sentimentFundamental analysis tends to support the US dollar; however, currently the sentiment is in contradiction with the poorer than expected inflation figures. There is little US data scheduled for next week, so the greenback is likely to be more affected by any new developments related to US / Chinese trade tariffs or Russia / NATO tension.
Technical analysisIndex of the US dollarThis index printed a small bearish candle, within a larger consolidation model that lasted nearly three months. This suggests that the long-term bearish trend may continue, but far from the decisive one. The downward trend is still in force and worth following, but it should be treated with increasing caution regarding its reliability. On the other hand, the fact that all the resistance levels that have formed during this downward trend are still intact suggests the persistence of the bearish trend. Overall, it is an increasingly inconclusive but still bearish picture.
General Framework March 18, 2018In my previous article last week, the only choice I made was the GBP / USD long. This obviously worked well, as the currency pair increased by 1.11% during the week.
Last week saw again a still volatile stock market where the S & P 500 was above a simple 200-day moving average. The steady decline in equity valuations has been interrupted, but the chart still seems relatively dangerous for the bulls. The tension on Syria played a role, even if relatively minor. The main event in the Forex market was the release of weaker-than-expected US inflation data, which had the logical effect of depressing the relative value of the dollar. It remains to be seen how markets will feel about risk appetite after weekend events in Syria, although it seems clear that an escalation of the conflict will probably not be imminent, so it could be improved.
The currencies of risk and raw materials gained during the week, with the strongest Canadian dollar, which can be explained by the increase in oil prices. It seems logical to suggest that tensions in the Middle East have played a role in that growth.
Fundamental analysis and market sentimentFundamental analysis tends to support the US dollar; however, currently the sentiment is in contradiction with the poorer than expected inflation figures. There is little US data scheduled for next week, so the greenback is likely to be more affected by any new developments related to US / Chinese trade tariffs or Russia / NATO tension.
Technical analysisIndex of the US dollarThis index printed a small bearish candle, within a larger consolidation model that lasted nearly three months. This suggests that the long-term bearish trend may continue, but far from the decisive one. The downward trend is still in force and worth following, but it should be treated with increasing caution regarding its reliability. On the other hand, the fact that all the resistance levels that have formed during this downward trend are still intact suggests the persistence of the bearish trend. Overall, it is an increasingly inconclusive but still bearish picture.
