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Downward momentum is confirmed in EURJPY on a Weekly and Daily time frame. A rally up to previous resistance level and subsequent bearish engulfing candle gives signal to go short if market breaks lower than the bearish candle. Stop Loss a few pips higher than the high at the bearish candle, 134.257. TP first target 133.957, but ultimately 133.726
#eurjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
EUR AUD is pulling back to daily pivot. Entry at the figure of 1.500 which is also a 50% retracement of the previous swing high.
Reversal pattern starting to emerge.
#euraud #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair begin to move upward after a two swing down move. And the market just stopped at R1 level. In here we have to see what will happen. The stronger case is that the movement will continue upward. If this happens take LONG position with the TP of R3. If R1 will hold than take SHORT position with the TP of S1.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #fxtraders #traders #trading #fx
A decline below 1.66238 and then a failure to break the high of 1.67212 today would suggest that the turn for the GBPUSD is in effect a day early having hit the .707 retrace of the ABCD move down ...
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The GBPU has a potential turn in time for either today or tommorrow. As of this moment there is a perfect abcd formation on the daily. There is also a .78% fib ratio of the last swing, sometimes these ratios work together to provide additional resistance. I also have ....
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This graph shows the results of my original GBPUSD potential turn 5 - 8 Feb 2010 from the 5th February 2010.
The fx pair USD/CAD is in a downtrend move. We have a strong resistance at 1.42266, the price tried to retest the R1 and bounced back , thus we go short at 1.41915.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
On Thursday, the Cabinet Committee of India has approved Rs 24000 crore investments for Railways. The funds have been approved in order to expand the track. Not only the track expansion is important but also the committee has relased fund for decongestion of rail routes. The Vice Chancellor and Managing Director of Titagarh Wagons, Umesh Chowdhary in a meeting with the media shared his view and said that the Railways might not be able to achieve its targets due to low procurement rates. The Vice Chancellor also added that phenomenal jump has been observed in the implementation of railway projects.
Read More @ mcrworld.com/railway-project-low-procurement/
GBPUSD primary trend now has upward bias supported by rising lows as seen on H4 chart. A strong break and then test of the 1.4650 level is needed to confirm this upward direction, until which the market may continue to trade within a range down to 1.4350. A break with closes below 1.4320 could lead to further weakness to the downside.
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The reason for which the coal projects are delayed is that of land acquisition problem and rehabilitation as well as resettlement issues. However, the PSU is looking forward for one billion tones of coal output by the year 2020. An Official informed the media that many of the Coal mining projects are facing delay. Only 57 coal-mining projects out of 123 are running on schedule and rest 66 projects are delayed. The cost of the project is estimated to be Rs 20 crore or more. Out of 66 projects, which are not running on time, 34 coal-mining projects are not on time because of delay in obtaining forestry clearances and other 17 projects are delayed due to delay in acquisition of land and associated R&R issues.
Read More @ mcrworld.com/coal-mining-projects-delay/
At Pivot, price consolidated and recover. Go Long at this level. SL at 158.00. TP at R2
#gbpjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is in a bigger correction in D TF. In longer distance it has much more percentage to move upward. But now it is not really clear what the market want. On H8 it is still not clear the movement. After a few candles it will be easier to decide. Let’s see one TF under (H2). This TF shows much more and a range can be viewed at list minimum. This means on smaller TF (like M15) SHORT position can be taken with the TP of S1. But in S1 careful. The market can turn if gets support.Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
The fx pair seems to finish its correction after two days. This is verified by the correction structure, first a channel and after a stick, and both of them are made from two swing. And S1 level gives also support for it. From now LONG position can be taken with the TP of R1 for minimum. It also can reach R2 but it may take several days. Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #forexsignals #investing #traders #fxtraders #trading #fx
The fx pair had two days correction and seemed to turn back to downward. But after the morning stop and the turn confirmation in the news period just a few minutes ago for another up move it has got more percentage. Therefore LONG position can be taken with the TP of R1 for first. In a little longer term it has got the possibility to move until R3.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
The fx pair at the last days moved downward and formed a nice 3 swing movement with its last ‘barded’ wave. This all means the market is really in its finish or maybe already turned. But doesn’t matter which one. The point is even it will form a lower low –if yes do not expect much just a few pips- it is much more percentage given that it will move upward. So LONG positions can be taken with the minimum TP of R1. And as how I said in my last days midterm analysis the upcoming correction can take back a lot from the down move (R3 can be reached easily).
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
The official informed that Dena Bank will open four more branches of It with the facility of ATM in Rajasthan by the end of this year. Rajasthan is believed to be the important state for banking business. On Thursday, the Chair Person and Managing Director, Ashwini Kumar informed the media about the opening of the new branches in Rajesthan. He also informed the media that the bank would open total fifty branches in the state. The bank had already spread its services all over the state and last year the bank had opened 12 branches and 1 corporate office. The chairperson revealed this information on the occasion of inauguration of vehicle loan carnival. Last year, the bank financed 15,000 vehicles and this year target is to finance 25,000 vehicles. The loan is given to the customer with zero processing fees and that too on eye-catching interest rates.
Read More @ mcrworld.com/dena-bank-open-branches-rajasthan/
Selling EUR/USD, as I expect the IFO current assessment readings as lower than expected, as well market sentiment is still dovish after Draghi’s comments last Thursday. On M5 we can see RSI currently at 47 and pointing south territory, and EMA5 has crossed EMA10 to the downside in both M5 and M15 after the pair reached today’s peak for the moment at 1.1055. Targeting 1.10 as strong support is located this point.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The issues related to the fall in onion prices were discussed in the meeting on Wednesday. The meeting was held for the concern of falling prices of onion in Maharashtra in which Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh, NCP chief and former Agriculture Minister Sharad Pawar participated. Not only them but also three other ministers attended the meeting, where the centre reviewed the price situation and discussed the possibility of buying more onions from farmers in order to save their interest. The centre has asked the state government to send a formal proposal in order that the market intervention can be undertaken by agency Nafed. The cooperative Nafed had already procured 15,000 tonnes of onion.
Read More @ mcrworld.com/centre-onion-price-state-government/
Support becomes resistance. Downward momentum is confirmed in USDCAD on a Weekly and Daily time frame and the currency pair has just spent the last 12 hours bouncing down from a previous support level. Go short if market breaks lower than the 4-hour channel, 1.30609. Stop Loss 1.30728. First TP target 1.30218 for a 1:3 Risk:Reward, 1.29818 for a 1:6.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair after the last days down move is in a bigger correction which seems to last for one more day minimum. From closer it is viewable that one up swing formed yesterday and now some kind of smaller correction is under development from what it will move up again before the bigger down move will continue. Therefore SHORT position can be taken with the TP of S1. If S1 won’t hold than around S2 attention will be needed because the movement can turn up much easily to form new high. In this case will be good to take LONG position with the TP of R1.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
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The price of Asset shown herein is inclined to ascend @ London session. Position: Up @ London session.
Trade details are as shown on chart herein for a Risk to Reward Ratio that sums to around 1:2
#eurusd #forex #fxtrading #investing #traders #trading #fxtraders #fx
Buying EUR/USD, as 3 bullish candles have formed indicating there is still room for the upside, RSI currently at 52 and MACD has just crossed over indicating a move to north territory is possible, as well EMA5 crossover above EMA10 confirms the move. Targeting the 1.1445/60 area as this is seen as potential zone for a reversal and shorts will be awaiting here.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
GBP/JPY is at the strong resistance level, also forming a potential double top reversal pattern at the right edge of the chart. If a double top starts getting completed, I recommend Shorting early, at the downtick of a price around its EMA 12, with a possible confirmation of a downtick of MACD.
For a high probability trade I suggest taking profits (in case a trade works) a little above the second support, at around 183.70.
#gbpjpy #forex #fxtrading #investing #traders #fxtraders #forexsignals #trading #fx
After trading in a range, the fx pair EURGBP seems to being broke the previously downtrend. Waiting for the confirmation and enter @ 0.7377 (breakout of last high).
#eurgbp #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is maybe in the end of a bigger correction. At the last few days the market formed a sideway channel with two big upswing. Now it just got close to its top. This means it may turns to downward. The only question is how long will the down move will last. Will S11 hold? And after will we have new high? We do not know jet. But the one thing is sure. Either it moves down or a bigger correction is happening before the last ‘smaller’ upswing. So SHORT position can be taken with the TP of S1 for first.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
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The fx pair is moving side way in a bigger channel. And the market just going to reach its bottom. But before a smaller correction is happening on H1. This means for a short period for one R it is ok to enter SHORT. Careful as how said do not expect too much in it just maximum S1 for TP and after one R movement move the SL to minimum +0. After it when the market will get stuck take LONG for two small upswing with the TP of between R1-R2. If the market again finds support then SHORT again and now it is OK to expect new low but again do not think in too much maximum S2-S3.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #investing #fxtrading #fxtraders #traders #trading #fx
GBPUSD in consolidation mode after rising above 1.5240 level. An hourly close under 1.5190 expose support at 1.5160. Alternatively, a reversal above 1.522 clears the way for a test of 1.5150
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
On Wednessday, Government will move some 4-5 key amendments related to the consolidation fund of India, in the GST Constitution Bill. The most talked about bill or the much awaited bill, Goods and Services Tax (GST) Bill is all set for consideration and is pipelined in the Rajya Sabha. After the government had made changes in the bill, it is ready for presentation in the parliament session. The government has decided to move some amendments, which are related to the consolidation funds of India. The amendment to clause 19 is included in the bill, which guarantees compensation to states. MP of Trinamool Congress, Derek O’ Brien stated that the Finance Minister Arun Jaitely had removed the Clause 1,9 and 18. He also stated that the Minister might pass more amendments today.
Read More @ mcrworld.com/gst-bill-government-amendment/
In addition to being in a long-term downtrend, the downside movement on the audusd has recently accelerated. MACD, RSI and SMAs are on the bearish side. In the shorter term, the downtrend is marked by the steep diagonal connecting the last 3 highs on the chart. A pullback to this diagonal may be a good short entry point. In case of an upside breakout of this diagonal, one would place a stop-loss right above it. For those who want to play it safer, you may wait for a pullback on the 50-hour SMA (pink on the chart) to open a short position.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The FX pair EURGBP is in a 1 hour chart downtrend. Short position initiated @ 0.71402
#eurgbp #forex #fxtrading #investing #traders #fxtraders #trading #fx
Bullish Gartley pattern. Entry at the 1.27 fib extension of the AB leg. SL goes below the psychological level 1.1300
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair looks begin to form a H1 or H2 correction. The bigger TFs trend is still bull but it has to be known if S1 falls than the correction just moves one TF level upper. To trade this formation Short position would be good to take until S1. The market will try to reach S1 or sometimes S2 in two bigger swing. And this can be traded. Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is just before its upturn. As how I wrote yesterday after that news the market will form its last downswing it is happened. This means maximum just a tiny down move is in the system but after it will head up and it will form new highs. This is also supported by the bigger timeframes players. To trade it take SHORT position with the TP of S1. And if the market pass S1 from that point it is good to change to candle stop. After it when the first sign comes LONG position can be taken with the TP of R1 and later R2. But do not expect to reach it R2 for today.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtradint #investing #traders #fxtraders #trading #fx
USD/CAD is currently in a range, bouncing upwards at the bottom of the range. I recommend a Buy trade, with a target at the upper portion of a range, below the top, for about a 1:1,5 R:R.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
EUR USD. Price has consolidated after another surge higher last session, slowly drifting back toward the daily pivot area ready for the possibility of another move up. Price has a clear run to 1.1450 to retest the top of a daily channel which has contained the price since March 2015. Look to buy pull backs and ride the price up to this area.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The bulk cargo capacity of the Hazira Port will be expanded to 50 million metric tone per annum. Essar Bulk Terminal (EBTL) is a special purpose vehicle of Essar Ports. Essar is investing Rs 800 crore to increase the capacity to 20 MMPTA at its Hazira Port in Surat. Currently, the capacity of the port is of 30 MMTPA. The Chief Executive Officer of Essar Ports, Rajiv Agarwal informed the media about this on Tuesday. The process of expanding the capacity was going on since one and half year with the investment of Rs 3,250 crore. The berth of Essar Bulk Terminal of 550 meter exists currently and planning is to expand 1,100 meter to 1,650 metre. The CEO of the company informed that the work for expansion has already been done on 330 meters and by December 1,100 meter terminal will be completed. He also informed that the company will witnessed 80 percent increase in the cargo handling capacity in first quarter of the year to 4.4 MMT. However, previously it was just 2.4 MMT.
Read More @ mcrworld.com/essar-increase-capacity/
The fx pair is just looks in some kind of base building to get some power before the bigger up move will start and the market is heading to R1 level. There are two version. Both TP are R1. In the first version the market will reach it fast and easy. In the other it will reach the TP in much messy way and it will form bigger corrections. Even it can come down to S1 level. To take Long positions this way is difficult. The only good is to not to think in big runs. Also if the second version is on than maybe Short position can be taken as well.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading ##investing #traders #fxtraders #trading #fx
I have examined and tried Cherry Trade very thoroughly and have to say that I am impressed. Their platform is very easy to use and I LOVE their iFollow option (you can read more about this below).
As usual, with every broker review I do, I list every piece of information that I can find, so th...
The price of Asset shown herein is inclined to ascend @ N.Y session. Position: Up @ N.Y session.
Trade details are as shown on chart herein for a Risk to Reward Ratio that sums to around 1:2
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
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Trying to trade the news, as fundamentals regarding USD Retail Sales for September just came out at 0.1% missing expectation from consensus at 0.2%, also RS ex autos came out with a low reading at -0.3% vs the expected -0.1% consensus. Going long as disappointing news from the US economy could trigger more Eur/Usd gains all the way to 1.1460 where major resistance awaits.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx