Thursday, August 29, 2019

AUD/CHF chart

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 : AUDCHF   


Direction :
Identified time : 2019-08-29 13:01 BST
Breakout price : 0.66327
Forecast price : 0.66555
Forecast pips : 23
Probability : 60.27 %
Pattern : Triangle
Interval : 240 Min

Pattern : Resistance
Interval : 240 Min

Friday, August 23, 2019

EUR/ZAR



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 : 2019-08-23 18:01 BST
Breakout price : 17.00386
Forecast price : 17.12956
Forecast pips : 1,257
Probability : 60.88 %
Pattern : Falling Wedge
Interval : 60 Min

Pattern : Resistance
Interval : 60 Min

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

 

Tuesday, August 20, 2019

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.

Monday, August 19, 2019

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.

Sunday, August 18, 2019

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

Friday, August 16, 2019

Professional Fund Managers


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.

Wednesday, August 14, 2019

GBP/CAD chsrt


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 : GBPCAD   


Direction :
Identified time : 2019-08-14 12:00 BST
Breakout price : 1.60385
Forecast price : 1.6087
Forecast pips : 49
Probability : 59.63 %
Pattern : Triangle
Interval : 60 Min

Pattern : Resistance
Interval : 60 Min

Tuesday, August 13, 2019

EUR/ZAR chart



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 : 2019-08-13 16:01 BST
Breakout price : 16.94614
Forecast price : 16.8724
Forecast pips : 737
Probability : 64.44 %
Pattern : Channel Up
Interval : 60 Min

Pattern : Support
Interval : 60 Min