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      Test Announcement   06/28/17

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EdwinB

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  1. The brazilian real (BRL) rallied to the strongest value since January, after a volatile few months dominated by worsening political instability in the country. On 2 March, the real closed the day at 3.24 BRL per USD, which represented a sharp 5.7% appreciation over the same day of the previous month. As of that date, the real had gained 4.3% year-to-date and was 4.4% stronger in value compared to the same day last year. A mix of political developments, rising commodity prices and changing expectations over the United States’ tightening monetary cycle have combined to push the real higher. On the political front, the scene became more stable this month after the lower house of Congress shot down a motion to put President Michel Temer on trial for corruption, avoiding a repeat of Dilma Rousseff’s fate. While Temer is not out of the woods yet and could see another corruption-related accusation, the move boosted market sentiment that the government has enough support for now to move ahead with badly-needed reforms and provided support to the real. Along with the positive political development, rising prices for key commodities have helped the real gain in value along with a relatively weak U.S. dollar due to changing expectations over the Federal Reserve’s next move. In light of recent events, a number of our analysts reexamined their forecasts for the real this month. Commenting on Pezco’s outlook, Head of Research Helcio S. Takeda elaborates: “We turned bullish again on BRL, with increasing probability pension reform may get passed on Congress during 2H17. Besides, we think USD will not further strengthening against major currencies and EM currencies, even under FED’s balance sheet unwinding process – which should be very gradual.” Against this backdrop, our panel expects the real to end 2017 at 3.28 BRL per USD. In 2018, panelists believe the real will depreciate to 3.40 BRL per USD
  2. Earn 6% Extra Interest

    The Alpari Cashback program offers you the unique opportunity to exchange points to cash for use in your trading and investment or for withdrawal. You can also exchange points for funds to trade binary options; a simple and easy to use financial instrument which allows you to earn up to 100% of your investment in just a single minute. See the platforms in https://alpari.com/en/platforms/
  3. Swiss overnight rates ranged 4 points, 0.23 to 0.27 from February 2017 to February 2018. Overnight Swiss Money trades ranged 0.11 from minus 0.18 to 0.05 while 3 Month Libor ranged from 0.25 to 0.27. Libor OIS is located far below as is the norm for financial price protection at 0.01. From above, as the BOE finalizes its new system in April, welcome to the new GBP, welcome to the new DXY when US markets close. Markets are heading to interesting developments. The purpose for USD/CHF as it trades in small ranges is to maintain a location to trade below EUR/USD and GBP/USD but above AUD/USD and NZD/USD. Against USD/CAD and USD/JPY, the USD/CHF ranges trade below both. Not a problem exists in USD/CHF as it operates correctly but it lacks range and ability for the big move. As a market instrument, USD/CHF follows rather than leads. From the SNB perspective and due to a small economy, USD/CHF just wasn’t designed to move. USD/CHF hit its break point Thursday at 0.9520 and fell. USD/CHF 0.9520 remains the big break point today in order to travel higher. Higher in USD/CHF retains a sincere problem as not only is the 5 year average located at 0.9559 but many breaks point exists in 0.9500’s as follows, 0.9518, 0.9542 0.9562 then 0.9598 and 0.9600. Above the 5 year average is located the 10 year at 0.9788. The only break points below are located at 0.9436, 0.9409 and lower means USD/CHF leaves its multi year range. USD/CHF overall is slightly oversold but oversold means targets are located at 0.9488, 0.9509 and 0.9550 to inform the 5 year average won’t break anytime soon unless USD/JPY and USD/CAD travel higher. Why slightly oversold is because USD/CHF trades directly around its break points and many exist from 0.9500’s to 0.9800’s. Higher for USD/CHF will be a tough and slow grind. To see higher volatility and range expansion then 0.9784 and 0.9788 must break and 0.9784 is located the 10 year average. Below 0.9784, USD/CHF will remain a slow mover inside short ranges. USD/CHF at 0.9400’s includes slow mover and short ranges. On the way above 0.9559 is next major breaks at 0.9633, 0.9646 and 0.9667 then the 10 year average at 0.9784. To compound short ranges is USD/CHF’s position as low to near perfect neutrality to inform dramatic moves and ranges will continue into the future. See the convert this par in https://alpari.com/en/analytics/currency/converter/CHF-USD/
  4. On Thursday the 16th of March, trading on the euro closed down. The US dollar yesterday made gains against all the majors. Demand for it increased after the publication of US economic data. The US posted a rise in import prices, a decline in initial jobless claims, and a significantly higher-than-expected value on the Fed’s NY Empire State manufacturing index. Markets expect that the FOMC will raise interest rates by 0.25% next week. US10Y bond yields are currently trading at 2.83%. The end of yesterday’s session was met with the news that special prosecutor Robert Muller has subpoenaed Trump Organization documents in connection with the Russia probe. This affect to other pairs, such as currency can, Yen Japanese, MX and others more. Fig 1. EURUSD hourly chart. Source: TradingView The first half of my forecast yesterday worked out perfectly. This all changed, however, after the breakout of the trend line. During the US session, sellers trading on the news managed to break through the horizontal support zone of 1.2340 – 1.2350, as well as the trend line from the 1.2273 low. The drop slowed down around the 90thdegree. This isn’t a significant support level, so after a correction to 1.2324 (22 degrees), I’m expecting the euro to drop against the greenback to the 112th degree at 1.2274. The trend line extended from the high of 1.2413 runs through 1.2450 on the current hour (9:00 EET). Here, it is being bolstered by the 45th degree. Given that trading in Asia today paints a mixed picture of the US dollar, and that most of the euro crosses are trading up, we can’t rule out the possibility of quotes rising as far as 1.2340/50. There’s a lot of news planned for today, which should keep market volatility high. It will be worth taking note of the Eurozone’s CPI for February during the European session. Source: Alpari.com
  5. Over the last 24 hours, bitcoin’s price in currency trading rates has stabilised around the 8,000 USD mark. I reckon that bitcoin’s decline slowed down as it approached the psychological support range of 5,000 – 7,500 USD, which I believe is bitcoin’s most fundamentally reasonable price. Judging by chart analysis, nothing radical has happened on the BTCUSD pair in the last 24 hours. The downwards trend on the daily timeframe remains intact. Because of this, it’s perfectly possible that bitcoin will test the low range formed at the beginning of February, which runs from around 6,000 to 7,500 USD: If we look at the fundamentals, the last 24 hours have seen one very encouraging piece of news. Yesterday, on the 15th of March, Lightning Labs launched a beta version of the Lightning Network; developed for the main Bitcoin network. This is, of course, excellent news for Bitcoin. It shows us that developers are looking at every possible solution to Bitcoin’s scaling problem. Nevertheless, I still think that even if the Lightning Network turns out to be a viable solution to the scaling issue, it will need time to prove its worth; specifically, that it can handle bitcoin transactions without any problems. Because of this, I don’t think that bitcoin’s price will immediately go up whenever a solution to the scaling problem appears. Taking all the above into consideration, I’m going to stick to my position that if you’re thinking of buying bitcoin now, you should only do so if you plan to HODL for a very long time (at least 2-3 years) and you won’t start panicking if the current price undergoes a correction of 30-50%. If a correction does happen, I think the optimum price at which to buy bitcoin is somewhere within the range 5,000 – 7,500 USD.
  6. Over the last 24 hours, bitcoin’s price has stabilised around the 8,000 USD mark. I reckon that bitcoin’s decline slowed down as it approached the psychological support range of 5,000 – 7,500 USD, which I believe is bitcoin’s most fundamentally reasonable price. Judging by chart analysis, nothing radical has happened on the BTCUSD pair in the last 24 hours. The downwards trend on the daily timeframe remains intact. Because of this, it’s perfectly possible that bitcoin will test the low range formed at the beginning of February, which runs from around 6,000 to 7,500 USD: How I learn to trade currency, so, I can say :If we look at the fundamentals, the last 24 hours have seen one very encouraging piece of news. Yesterday, on the 15th of March, Lightning Labs launched a beta version of the Lightning Network; developed for the main Bitcoin network. This is, of course, excellent news for Bitcoin. It shows us that developers are looking at every possible solution to Bitcoin’s scaling problem.
  7. Forex Result

    Very much in agreement, the strategies are very important, one way to test them is fx trading contest, with a demo account to test if these are functional, apart from earning a little money. that always falls well
  8. Trading as a profession is not easy

    It is certainly not easy, it takes a lot of training for forex trading to learn to operate, have a correct strategy, discipline, zero emotions and then you can start to see the favorable results
  9. GBP/JPY analysis

    How fx trade ideas in Intraday bias in GBP/JPY remains on the downside for the moment. Current fall from 156.59 short term top should target 146.96 support. Considering bearish divergence condition in daily MACD, firm break of 146.96 will be another sign of medium term trend reversal. On the upside, break of 154.03 resistance is needed to confirm completion of the fall. Otherwise, outlook will remain cautiously bearish even in case of recovery. As long as 146.96 key support holds, medium term outlook remains bullish. Rise from 122.36 is in favor to extend to 61.8% retracement of 195.86 to 122.36 at 167.78. However, break of 146.96 support will indicate trend reversal after rejection by 55 month EMA. In that case, deeper fall would be seen to 38.2% retracement of 122.36 to 156.59 at 143.51 and then 61.8% retracement at 135.43.
  10. Bonus issue from Brokers

    Very much in agreement, is to know how to choose a reliable forex trading broker, I have seen 30% welcome bonuses I think that is normal, but if we talk about 100% bonuses it is to consider it a lot, since it seems very good to be true. Beware of lying bonuses, choosing a qualified and reputable broker is the best
  11. Make money on Forex

    I think that investment on currency trading is a way to earn money in forex is through the PAMM Account you put the money to a connoisseur that makes you earn money with your account and have constant results
  12. Forex trading for students as part time job

    You are absolutely right to learn how to trade forex online through your broker helps a lot to perfect our investment operations and with a lot of dedication the objectives of our operations are achieved
  13. Demo trading

    I recommend the forex trading contest demo to make money with your demo account, an example is in https://alpari.com/en/contest/ It has many tournaments where with the demo account you can really win
  14. How to do Crypto currency mining?

    It seems to me that mining is very expensive to earn in the bitcoin, it seems better to invest in the CFD with my real forex broker to start earning in this emerging and exciting market of cryptocurrencies
  15. $2018 No Deposit??

    For me it is possible not to spend money since I can earn it through forex trader contest of my broker and so I do not need to invest my money, just win the competition and make my initial capital to start winning
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