CAD/JPY

The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : CADJPY

Direction : Identified time : 2019-08-23 17:01 BST Breakout price : 79.041 Forecast price : 78.55999 Forecast pips : 48 Probability : 59.96 %

Pattern : Triangle Interval : 240 Min Pattern : Triangle Interval : 240 Min Pattern : Support Interval : 240 Min

GBP/JPY

The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : GBPJPY

Direction : Identified time : 2019-08-23 17:00 BST Breakout price : 129.076 Forecast price : 128.51899 Forecast pips : 56 Probability : 65.81 %

Pattern : Channel Up Interval : 240 Min Pattern : Support Interval : 240 Min

US dollar

The US dollar is higher versus the euro as investors eye renewed political turmoil in Italy, where the deputy prime minister called for snap elections a little more than a year into the current coalition government's tenure. The dollar and euro both gained against the British pound as Prime Minister Boris Johnson is seeking ways to extend talks with the European Union about the U.K.'s exit from the union.

Gold

Gold is fascinating at the moment. It’s been unshakable for months. Risk-off, fantastic. Risk-on, no problem, central banks are cutting rates anyway. It was a bit of a slow burn in July but June and August have been knockout months. The last week though has seen it lose a little momentum, surprising considering on Wednesday everyone became convinced we Bare heading for a recession, which only lifted gold a little.
At these extended levels and in an area of historical significance – around $1,520-1,560 – perhaps it’s not surprising that we’re seeing some profit taking. It had rallied around 20% since late May, that’s some rise. If it is heading for correction – and that’s obviously not a given – then it’s a question of how much. I’m not convinced it will be too great in this environment, but $1,500 looks to be crumbling a little this morning, which makes $1,480 key. A move below here draws attention to the $1,440-1,450 area we peaked around in July.

Identify market trends

 It is always wiser to scale your trades in order to lessen risks. Never trade sizes that can wipe you out of all your money. And you would have nothing to lose if you actually start small, and grow your trading transactions from there.
  Identify market trends before trading  It is also very important that you are aware of how the market is doing before you start trading. Remember to learn if trends are going up or down.

Professional Techniques For Short-Term Currency Trading