Trade Idea: EUR/GBP – Sell again at 0.8140
As the single currency has rebounded after holding above yesterday’s low at 0.8023, suggesting further consolidation within 0.8012-0.8163 range would be seen and risk of a stronger recovery to 0.8110-20 cannot be ruled out, however, price should falter well below the indicated upper range and bring another fall later. Only
Trade Idea: USD/CAD – Stand aside
Failure to extend yesterday’s rebound and current break of indicated support at 1.0192 dampened our bullishness and suggest near term downside risk remain for the fall from 1.0446 temporary top to bring a deeper correction of the rise from 0.9800 to 1.0140-50 and possibly towards 1.0100 but previous resistance at
Trade Idea: EUR/JPY – Buy at 99.00
Despite yesterday’s anticipated rebound to 100.85, as the single currency has retreated again after faltering below indicated resistance at 100.90 (last week’s high), retaining our view that further consolidation below this level would be seen and weakness to 99.09 cannot be ruled out but reckon support at 98.55 should hold,
Trade Idea: AUD/USD – Buy at 1.0000
As aussie has continued to trade with a firm undertone after recent rally, adding credence to our view that the rebound from 0.9581 low is still in progress and near term bullishness remains for a stronger retracement of recent decline to 1.0190-00, however, overbought condition should limit upside to 1.0215-20
Trade Idea: EUR/GBP – Sell again at 0.8120
Despite Friday’s brief rise to 0.8153, the subsequent selloff after faltering below indicated resistance at 0.8163 (last week’s high) has retained our view that further consolidation would be seen and weakness to 0.8012 is likely, however, break of this support (last week’s low) is needed to retain bearishness and signal
Trade Idea: USD/CAD – Hold long entered at 1.0230
Despite intra-day brief fall to 1.0192, as the greenback has found good support there and rebounded, retaining our bullishness and consolidation with mild upside bias remains for another bounce to 1.0327, however, break of indicated resistance at 1.0358 is needed to signal the pullback from 1.0446 has ended and bring
Trade Idea: EUR/JPY – Target met and stand aside
Despite Friday’s retreat to 99.11, the single currency found renewed buying interests and staged the anticipated rise this morning to indicated upside target at 100.85 (our long position entered at 99.00 met target at 100.85 with 185 points profit). Having said that, as price has retreated again after faltering below
Trade Idea: AUD/USD – Buy at 1.0000
Last week’s rise signals the rebound from 0.9581 low is still in progress and near term bullishness remains for a stronger retracement of recent decline to 1.0190-00, however, overbought condition should limit upside to 1.0215-20 (50% Fibonacci retracement of 1.0857-0.9581) and price should falter well below 1.0250-60, bring retreat later.
Currency Trading – 5 Tips for Getting Rich From Currency Trading
With all the different forex trading advice, it can be very confusing to know who to listen. Fortunately, it is not very difficult to make money in this area. Here are five tips to help you start right now:
1) Do not make investments based on the News
Most investors expect
for the latest news to come, and then by of. Invest This is not a wise decision. Remember, 1000 posted by other investors, the message heard exactly the same time. Therefore, the price movement has already taken place, and it is too late for you to use it.
2) Do not allow your broker to invest for youThere is nothing worse than relying on your broker to tell you when to buy or sell. They obviously have their own agenda, because they receive a commission every time you get a transaction. Even if you have the best broker in the world, you are still limited in terms of income potential if you do not recognize can be a profitable investment.
3) Choose your strategyThere are two types of investment strategies are: short-term and long term.
you decide that affect how you make your purchase and sales decisions. For example, if you decide to be on a short term trader, you should be good at map reading. Graphics are very important for this method because it is the best indicator of how a currency is to be able to respond in the near future.Short term, the exchange rate by factors other than the countries affected economy. But long term, the price of the currency will tend to reflect the overall stability of the country.
4) Start smallThere is no reason to
$ 10,000 for the placement of quotation. Otherwise, you might go broke before you even get on the floor. Instead, you simply just want to start small and learn as you go.
5) Move not discouragedIf your initial investment is low. This is expected. Instead of learning from mistakes, identifying what they have to make investments together, and get more business in the Sun is planning one of the biggest mistakes investors make, because they think they need all the information before departure. Just get started and learn as you go.
The bottom line is – there are tons of buttons to make money with currency trading. However, these are the five most important call. Implement these tips and you will be profitable soon.Trade Idea: EUR/GBP – Stand aside
Despite intra-day brief rise to 0.8153, as the single currency has retreated sharply after faltering below indicated resistance at 0.8163 (this week’s high), retaining our view that further consolidation would be seen and weakness to 0.8045-50 is likely, however, break of this week’s low at 0.8012 is needed to revive
