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.
Wednesday, February 12, 2020
forex chart NZD/USD 2/12
NZD/USD rose the most since December 2 and tested the 100-day moving average
at 0.6470. The 200-day moving average sits above at 0.6501.
NZD/USD Daily Chart
NZD/USD Daily Chart
Tuesday, February 11, 2020
forex EUR/USD 1/11
The euro could receive a boost if the next German chancellor favors more fiscal
stimulus, MUFG Bank says. Friedrich Merz--the vice president of the CDU party's
Economic Council who is expected to enter the race to succeed Angela Merkel as
chancellor at next year's election--last week said he favors giving back half of
Germany's EUR50 billion budget surplus as a radical tax cut for the public, the
Financial Times reported Tuesday. "A potential shift to a looser fiscal policy
stance in Germany could ultimately turn out to be more supportive for the euro
further down the line," MUFG currency analyst Lee Hardman says. EUR/USD is last
flat at 1.0915.
Monday, February 10, 2020
Gold 2/10
Gold for April delivery GCJ20, +0.32% on Comex was up $4.20, or 0.3%, at
$1,577.60 an ounce, on track for a fourth consecutive gain after bullion on
Friday showed a 0.9% decline for the week based on the most-active contract,
according to FactSet data.
March silver SIH20, +0.55%, meanwhile, added 8.3 cents, or 0.5%, to $17.775 an ounce, after putting in a 1.8% weekly drop last week.
Gold “seems poised to make another run at the $1,600 level and if it can get there, we could easily see a failed triple-top pattern open the door for a move to the $1,640 region,” said Moya, in a daily update.
The death toll for the novel strain of coronavirus climbed to more than 900 in mainland China, exceeding that of the severe acute respiratory syndrome, or SARS, that claimed 774 lives and infected about 8,100 people in 2002-03. The World Health Organization warned that the spread could accelerate, with more than 40,000 cases reported as of Monday.
The most powerful patterns for Forex tradersMarch silver SIH20, +0.55%, meanwhile, added 8.3 cents, or 0.5%, to $17.775 an ounce, after putting in a 1.8% weekly drop last week.
Gold “seems poised to make another run at the $1,600 level and if it can get there, we could easily see a failed triple-top pattern open the door for a move to the $1,640 region,” said Moya, in a daily update.
The death toll for the novel strain of coronavirus climbed to more than 900 in mainland China, exceeding that of the severe acute respiratory syndrome, or SARS, that claimed 774 lives and infected about 8,100 people in 2002-03. The World Health Organization warned that the spread could accelerate, with more than 40,000 cases reported as of Monday.
forex chart EUR/ZAR 2/10
 | 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 : EURZAR  | |
| ||
| Direction : Identified time : 2020-02-10 16:01 GMT Breakout price : 16.40575 Forecast price : 16.3737 Forecast pips : 321 Probability : 61.34 % | ||
|
Subscribe to:
Posts (Atom)