Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, December 1st In the first winter day the market participants continue to digest the first OPEC output cut deal, witnessed since 2008...
Trading recommendations Sell Stop 51.35. Stop-Loss 52.10. Take-Profit 51.10, 50.70, 50.00, 48.20, 47.25 Buy Stop 52.75. Stop-Loss 51.80. Take-Profit 53.00, 53.70, 55.60 Technical analysis Yesterday, oil prices have soared by 10% to new highs in the last 5 weeks...
The intra-day price is located abobe 200 SMA/100 SMA for the bullish market condition: the price is trying to break 52.63 resistance level for the bullish trend to be continuing. If the price breaks 52.63 resistance level on close H4 bar so the bullish trend will be continuing. If price breaks 52...
On 29 Nov 2016 09:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURJPY currency pair at 119.274 under 15, 68, 10. The position closed on 01 Dec 2016 07:00 AM UTC at 121.038 and the profit was 1.48%. AdMACD parameters for EURJPY on close were 15, 68, 10...
Successful traders can help you in making your trading more accurate. Traders World Magazine is a good magazine that I often read. You can download Traders World Magazine New and 40 previous copies from my blog...
Dollar Rips Higher, OPEC Reaches Deal The OPEC meeting may have been the main focus today but the soaring U.S. dollar was the big story. The greenback ripped higher against all of the major currencies with USD/JPY breaking above 114 in the process...
EURJPY: The pair resumed its medium term on Wednesday leaving risk of additional strength on the cards in the days ahead. On the downside, support comes in at the 120.00 level where a break will aim at the 119.50 level. A turn below here will target the 119...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, November 30th Wednesday is here and all attention as it was expected is focused on the one of the most important events of this week – OPEC meeting, that will begin today at 11.00 (+2 GMT) in Vienna...
Dollar Snaps Back on Strong Data But…. . When the U.S. dollar pulled back on Monday, we said dollar bulls remain in control and today they took USD/JPY above 113...
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EURUSD: The pair continues to retain its broader downside pressure having rejected higher prices on Monday. This development leaves EURUSD vulnerable to the downside in the days ahead. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, November 29th Nervousness around upcoming OPEC meeting is significantly influencing the market. This morning became known that Iran is ready to reach a deal in oil production freeze question...
Trading recommendations Sell in the market. Stop-Loss 17.10. Take-Profit 16.20, 16.05, 15.80, 14.90, 13.65 Buy Stop 17.10. Stop-Loss 16.90. Take-Profit 17.55, 17.70, 18.10, 18.30, 18.95 Technical analysis The XAG/USD has broken the important support level of 17...
MACD is a powerful indicator if you can somehow filter out the false signals. I have posted on my blog MACD Signal Line Trailing Forex Robot MQL4 Code. This forex robot uses the MACD Signal Line to trail price action. When MACD Signal Line crosses the histogram, the trade gets closed...
In the Currency Strength table the USD was again the strongest currency while the EUR was again the weakest. The AUD recovered from the strong pullback of the previous week and the GBP remains around the same level as in the previous 2 weeks...
The Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(5X) followed by the NZD(3x) and the AUD(2X). The weaker currencies are the EUR(3X) with the JPY(3X) followed by the CHF(2X...
GOLD: The commodity strengthened on the back of its Friday rejection candle on Monday. This has left it targeting further upside pressure in the days ahead. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level...
Dynamic trend: Turned up Background: W1 – weak; D1 – strong Phase: Markup Support: 111.80; 111.00 Resistance: 113.60...
You can download this Pin Bar Strategy and Pin Bar Indicator MQL4 code from my blog. Pin Bars are important signals. Most of the time you will find trend reversing with a pin bar. On my blog, you can read how you are going to apply this Pin Bar Trading Strategy...
