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.
Monday, November 4, 2019
The dollar was buffeted by US data
Tuesday, October 29, 2019
GBP/NZD
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 : GBPNZD | ||
Direction : Identified time : 2019-10-30 01:01 GMT Breakout price : 2.02037 Forecast price : 2.01536 Forecast pips : 50 Probability : 59.55 % | ||
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Gold has been creeping off its lows
Bitcoin has been quiet by its own standards over the last month prior to Zuckerberg’s appearance. The latest drop may spur it back to life.
Oil prices have been rising towards the back end of the week aided by a surprise inventory drawdown on Wednesday. Oil has been gradually rising since testing its summer lows. Remains vulnerable to global growth worries and further attacks in the middle east.
Gold has been creeping off its lows but is still struggling to gather any upward momentum. A softer dollar has aided the resilience in the yellow metal but it continues to linger around $1,500. Gold volatility has been relatively muted but the risk environment remains fragile.
Oil prices have been rising towards the back end of the week aided by a surprise inventory drawdown on Wednesday. Oil has been gradually rising since testing its summer lows. Remains vulnerable to global growth worries and further attacks in the middle east.
Gold has been creeping off its lows but is still struggling to gather any upward momentum. A softer dollar has aided the resilience in the yellow metal but it continues to linger around $1,500. Gold volatility has been relatively muted but the risk environment remains fragile.
Wednesday, October 16, 2019
EUR/AUD
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 : EURAUD | ||
Direction : Identified time : 2019-10-17 02:00 BST Breakout price : 1.63292 Forecast price : 1.63072 Forecast pips : 22 Probability : 59.35 % | |||
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Tuesday, October 15, 2019
GBP/USD
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 : GBPUSD | ||
Direction : Identified time : 2019-10-15 16:01 BST Breakout price : 1.27268 Forecast price : 1.27601 Forecast pips : 33 Probability : 59.91 % | ||
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