 | Symbol : USDMXN  | |
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| Direction : Identified time : 2019-06-30 20:01 EDT Breakout price : 19.1366 Forecast price : 19.0225 Forecast pips : -114 Probability : 57.83 % | ||
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Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Sunday, June 30, 2019
USD/MXN 6/30
Forex trading service
A Forex trading service may be a great helper in your Forex trading profits since its main goal is to help you calculate the risks involved in forex trading. The different pairs are being traded daily with one another from small lot to large lot sizes. On a daily basis more than three trillion dollars are exchanged in this world wide market.The currency markets can be confusing if you do not know what you are doing with all the conversions and currencies. Finding a program like a newsletter will allow education and utilization of pairs is something all fx traders should do. Traders need to find a forex program that works well with real time weekly updates is essential to there trading success.
Don't sabotage your trading through poor minded thinking and a bad attitude. Treat your trading as a business, your in this to make money. You need to think like the best traders and learn how to be profitable. It takes time and you have to have the desire to learn what makes you a profitable trader.
The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.Don't sabotage your trading through poor minded thinking and a bad attitude. Treat your trading as a business, your in this to make money. You need to think like the best traders and learn how to be profitable. It takes time and you have to have the desire to learn what makes you a profitable trader.
Thursday, June 27, 2019
Australia's credit growth
As Australia's credit growth remained weak in May, it's now tracking an annualized rate of around 3% for 2019. Though housing credit is stabilizing at low levels, JPMorgan says don't expect an acceleration following easing of regulatory constraints on mortgage lending given the number of potential buyers satisfying all relevant lending criteria hasn't changed.
Saturday, June 22, 2019
200 day moving average
You can use the 200 day moving average as a support and resistance area. One thing to remember if the price is near the 200 MA you should wait for confirmation before you decide to hit the buy or sell button. Waiting for the trend direction off the 200 MA will increase your chances of making a profit on the trade. When a moving average lines up with true buyers and or sellers, the moving average will work a high percentage of the time. It is important that you monitor the volume to make sure that the buyers or sellers are actively involved.
The price of the stock is also keyed in to the moving averages.Shorter moving averages for daytrading.
The price of the stock is also keyed in to the moving averages.Shorter moving averages for daytrading.
Wednesday, June 12, 2019
EUR/USD is flat in the Wednesday session
EUR/USD is flat in the Wednesday session. Currently, the pair is trading at 1.1317, down 0.08% on the day. On the release front, there are no major eurozone or German events. In the U.S., we’ll get a look at consumer inflation for May. CPI is expected to dip to 0.1%, while core CPI is projected to improve to 0.2%. On Thursday, Germany releases Final CPI and the eurozone posts industrial production. The U.S. will release unemployment claims.
The Federal Reserve shook up the currency markets last week, as the comments from Fed chair Jerome Powell and FOMC member James Bullard hinted at a rate cut later in the year. Since raising rates in December, the Fed has been neutral with regard to the direction of the next rate move, but rising trade tensions have raised fears of a slowdown in the U.S. economy. This has prompted the Fed to reconsider a rate cut later this year. The CME Group has projected a 66% likelihood for a rate cut at the July meeting, up sharply from a month ago, when the odds of a July cut were just 16%. Fed officials will be keeping a close eye on the May CPI numbers – if inflation remains at very low levels, as expected, there will be more pressure on the Fed to lower rates in order to boost economic activity and inflation.
•1.1300 is a weak support line
•1.1434 is the next resistance line
• Current range: 1.300 to 1.1434
The Federal Reserve shook up the currency markets last week, as the comments from Fed chair Jerome Powell and FOMC member James Bullard hinted at a rate cut later in the year. Since raising rates in December, the Fed has been neutral with regard to the direction of the next rate move, but rising trade tensions have raised fears of a slowdown in the U.S. economy. This has prompted the Fed to reconsider a rate cut later this year. The CME Group has projected a 66% likelihood for a rate cut at the July meeting, up sharply from a month ago, when the odds of a July cut were just 16%. Fed officials will be keeping a close eye on the May CPI numbers – if inflation remains at very low levels, as expected, there will be more pressure on the Fed to lower rates in order to boost economic activity and inflation.
•1.1300 is a weak support line
•1.1434 is the next resistance line
• Current range: 1.300 to 1.1434
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