Weekly Trading Forecasts for Major Pairs (January 1 – 5, 2018)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
There is a Bullish Confirmation Pattern on the market. Price went upwards by 170 pips last week, almost managing to close barely above the support line at 1.2000. While there could be further bullish effort this week, it is not may not take price above the resistance line at 1.2100, because the outlook on the market is strongly bearish for this week, and mostly bearish for January as whole. Therefore, the days on the current bullish bias are numbered.

USDCHF
Dominant bias: Bearish
This trading instrument was vividly engaged in a bearish movement last week, thus ending the short-term equilibrium phase that occurred around the middle of December. The market dipped by 160 pips last week, closing below the resistance level at 0.9750. Further bearish movement is expected this week, which could take price towards the support levels at 0.9700 and 0.9650. USD would try to amass some stamina sometimes this week, but that would not make a significant bullish difference (until EURUSD dips), because CHF itself would become strong versus many major currencies this month, and USD included.

GBPUSD
Dominant bias: Bullish
This pair, which was mostly moving sideways in December, managed to start a bullish movement last week. A close above the accumulation territory at 1.3500 means the sideways phase is temporarily over. The bullish bias would hold out only as long as price is able to stay above the accumulation territory at 1.3450. There would be strong movements on this pair, as well as other GBP pairs, in January, and most of the movements would be bearish.

USDJPY
Dominant bias: Bearish
USDJPY is bearish in the short-term, and neutral in the long-term. Price consolidated on Monday and Tuesday, dropped on Wednesday, and maintained the drop till end of the week. This is what has created the short-term bearishness in the market. Since the outlook on JPY pairs is somewhat bearish for this week, it is expected that the bearish movement would continue, thus targeting the demand levels at 112.50 and 112.00.

EURJPY
Dominant bias: Bullish
Unlike what USDJPY did, EURJPY managed to go upwards last week, breaching the demand zone at 135.00 and testing the supply zone at 135.50, before closing below it. One factor responsible for this is the stamina on EUR, and there is a possibility that price would be able to go above the supply level at 135.50 (even reaching another supply zone at 136.00 and moving above it as well). However, risk of a large bearish run exists, since the outlook on most JPY pairs is bearish for the week.

GBPJPY
Dominant bias: Bullish
This cross has been able to sustain the “buy” signal it generated in the middle of December. The upwards movement is slow and gradual, and it may survive as price gains another 100 pips this week. Nonetheless, there is a possibility of a bearish movement starting before the end of the week – or sometimes this month - for GBP could become week. Additional factor is also a possible strengthening of Yen.

This forecast is concluded with the quote below:

“If traders cannot accept the losses that go with the trading, they do not deserve the profits. Failure is the greatest teacher only when a student is prepared to learn. If the student has forgotten previous lessons, or the dog ate his homework, he is not ready. A positive attitude has positive expectations of future events and normally precedes the success it creates.” – Andy Jordan

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (January 1 – 5, 2018)

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Demo trading

The demo account is really appropriate for the traders who are particularly newcomers. In my demo account I use all my trading strategies to see the performance how it works. This approach always helps me to survive in a proper way in a live account.

Demo trading

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How to get on top of your trading game?

A lot of people want to know how they can improve their trading in Forex. It is not something that you can do on your part-time and dramatically has a good result. You need to understand that trading in Forex and improving your career is not two sides of the coin. If you are trading in this market and have no progress, what is the point of your trading? You can do an office work and make a lot of money. The money that you have lost in this market will not have went in vain if you had done something in offices. Trading in this market needs you that you are on top of your game.

This is the market where millions of traders are trading for making their money. If you think you can just hide in the pack and go home with a small amount of money, you are in the wrong market. You need to know what is in the stake and trade wisely. This article will give you a very important idea that you need to follow in all your career. You cannot use it part time and trade with your mind when you want. This article has some of the very best tips that can help you to stand out from the average traders and make a name for you. If you want to trade the market with profits and live the life of a successful trader, you should read what this article says.

Premium trading environment
Those who are trading Forex as their full time professional are always trading with the high-end brokers in the financial market. Most of the retail traders don’t understand the importance of high-quality trading platform. But the expert traders know very well that without having access to the premium trading environment it’s nearly impossible to make a profit on a regular basis. You have to trade with the high class online trading platform so that all the advanced tools are there for you. Its true learning all the details about the professional trading platform is relatively hard but once you master all the sections you will see a dramatic improvement in your trading career.

Risk management
Trading with low risk is one of the easiest ways to become a profitable trader. You might have all the knowledge of this industry but if you take too much risk then you are not going to make money in this industry. If you risk a single dollar then you need to aim for 2 dollars at least. Without aiming for high-risk reward trade setup you will never become a top class trader. Try to do your technical analysis in the higher time frame since it will help you to filter the false trading signals.

Practice, practice and always practice
Know the importance of practice in Forex. If you want to make money, know that there is no way you can skip this practice and trade in live markets. This market is full of money and the only way to make that money yours is by practicing. When the brokers offer you demo account for trading, do not hurry to your live accounts. Keep practicing in your demo accounts. If you think you have mastered trading in a demo and you can make good money in live accounts, only then you can trade in live accounts. Give no chances for error and give your best shot at the market.

Trust no one, believe in yourself
A lot of people do not believe that they can win the money. They try to follow what other traders are doing in Forex and they lost their money. Do not follow what others are doing in this market has small successful traders. If you want to make money, you have to do what others are not doing. Trade with rational logic and you will be successful.

How to get on top of your trading game?

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loser

The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

loser

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Weekly Trading Forecasts for Major Pairs (December 25 - 29, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair is bullish in the short-term, but neutral in the long-term. Price rose from the support line at 1.1750 and tested the resistance line at 1.1900 (a movement of 150 pips). However, price closed below the resistance line on Friday. Bulls might still be able to sustain the short-term bullishness in the market, till the end of the year. The support line at 1.1750 would resist a bearish bias from forming this week.

USDCHF
Dominant bias: Neutral
This trading instrument did not make any significant movement last week, neither is it expected to make any significant movement this week (because volatility would thin out). Price is thus expected to oscillate between the resistance level at 0.9950 and support level at 0.9800 within the next several trading days. However, a breakout will occur early January, which would result in a directional bias, ending this current neutrality in the market.


GBPUSD
Dominant bias: Neutral
The GBPUSD consolidated throughout last week, forming no directional movement. The price has generally swung between the distribution territory at 1.3450 and the accumulation territory at 1.3300. Generally the current neutrality will exist as long as price swings between the distribution territory at 1.3500 and the accumulation territory at 1.3250. Such is the condition that will exist for the rest of this year.

USDJPY
Dominant bias: Bullish
There is a short-term bullish bias on the USDJPY, but it is not strong. Price gained 100 pips last week, from the demand level at 112.50 to the supply level at 113.50. After the supply level at 113.50 was tested, price retraced towards the southwards, but that is not a threat to current short-term bias. This week, a big price swing is not expected unless an unexpected fundamental figure comes out from the blue.

EURJPY
Dominant bias: Bullish
There is a Bullish Confirmation Pattern in the market. Here, price rose up more than 200 pips (from the demand zone at 132.50 to the supply zone at 134.50). The supply zone at 134.50 was briefly surmounted before price went below it on December 22. The bullish bias is anticipated to hold out for the rest of the year, in spite of any bearish attempts along the way. The demand zones at 133.50, 133.00 and 132.50 would impede bearish pulls in the market.

GBPJPY
Dominant bias: Bullish
The GBPJPY cross rose upwards last week, and then started to consolidate on Thursday (till the end of the week). Further sideways movement in the market, especially for a few more trading days, would result in a neutral bias. A movement to the upside (towards the supply zone at 152.50) would help strengthen the current bullish bias; and a strong movement to the downside (towards the demand zone at 149.50) would erase the bullish bias.

This forecast is concluded with the quote below:

“One of my first jobs was at a bank working in credit risk management, and it was there that I discovered my love for financial markets and trading in general. I’ve always loved strategy games and for me, trading is the ultimate way to formulate real strategy. If a trade works well for you, you get a reward…” - Andrés Padrones


Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (December 25 - 29, 2017)

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The thought of a strange trader

RANDOM THOUGHTS FROM LIFE ON THE ROAD
Louise Bedford and I have just wrapped up about a month of travelling to different states and presenting, which is something we haven’t done for probably 15 years. It was an interesting adventure and good to get out from behind the screen and talk to people. When I go anywhere I try and be a keen observer of people. It is amazing what you can learn simply by listening and watching and the one thing I learnt this time rather surprised me.

Success in any endevour has a few trials that it places in your way and if you conquer this trial then there will inevitably be another one. Life is in many ways a little bit like the 12 labours of Hercules – there is always something else. As you would expect trading also has these hurdles, some are huge but most are trivial and the thing that interested me most in my current journeys was that people fell at the first hurdle. The first hurdle for many people is actually getting off their own arses.

Let me explain by reference to my own evolution as a trader.

Step 1 – Decide I want a different life.

Step 2 – Get off my arse and decide what form this will take.

Step 3 – Learn about equities trading by once again getting off my arse and going down the the ASX.

Step 4 – Repeat Step 3 repeatedly whilst I devour everything their education department has to offer.

Step 5 – Open an account with a broker – how did I do this?…….I rang them up and asked (this also involved getting off my arse).

Step 6 – Make a trade – how did I do this?…… I rang them up and asked.

Step 7 – Get trade wrong (my trade, my mistake, my fault).

Step 8 – Repeat Steps 6 and 7 repeatedly.

Step 9 – Learn technical analysis – how did I do this?…..I found a book and read it.

Step 10 – Place another trade – make a slightly smaller mistake….repeat ad infinitum.

Step 11 – Begin using computerised technical analysis. How did I learn this?…..I bought a PC and a charting package and spent countless evenings and days playing with it.

Step 12 – Start trading derivatives and make lots of mistakes.

Whilst this is a little flippant there are two central themes, I made a vast number of mistakes and everything I did came about from my own sense of discovery and getting off my own arse. When travelling and in subsequent emails I have been surprised at the number of people who cannot begin to trade because no one will sit down beside them and show them how to place an order or how to find information on their brokers website. When I suggest that they look at the copious and detailed instructions brokers offer all of which is in glorious multimedia they are somewhat taken aback that someone should suggest this, as if the magic do everything for you fairy should sit down beside them and do it for them.

As my father used to say in his more eloquent moments…do you want me to come and wipe your arse for your as well?

One of the hallmarks of people who are successful is that they have a sense of internal direction, this internal rhythm keeps them moving forward and it is powered by their own sense of achievement. My failures are my own but so too are my successes because I seek out new things and learn new things without constantly being prodded forwarded. My hypothesis about this sort of thing is that some people have been in the employee mindset for so long that they can no longer take action for themselves and to suggest that they should overloads their brain. This I can excuse because it is a powerful form of social conditioning and it is hard to break. Lazy bastards I have no time for.

Author: Chris Tate
Article reproduced with kind permission of http://ift.tt/2kuieee



TODAY, I TRADE

WHERE ARE YOU… my brilliant trader within?

I move through the trading world with confidence.

I will walk my path with audacity.

Today I trade.

I am in awe of the future that I have ensured for my family.

I am judged, and misunderstood. Yet, I stand strong.

I am battered by my losses, but I rise above.

The world is missing what I am designed to give.

Today I trade.

I am one with the markets, and my light illuminates my most precious goals.

I am black. I am white. I am old. I am young.

I trade with precision.

I fight procrastination and lack of clarity.

I harness my anger and transform.

My power is limitless and I’ve caught a glimpse of my potential.

I emerge from my stifling cocoon of work and labour.

Today I unite with my fellow traders, my supporters, my Mentors.

Today I trade.

Today is the day I trade. – Louise Bedford


“…Successful traders realize that they are not in this business to trade, but rather to make money. And to do that you need patience. A patient trader with a second rate system will generally out perform an impatient trader with a better system…” - Jeff Wecker

“Trading is a god awful grind at times as it requires you to do the same bloody thing day after day and to sit with the pain of losing. And the pain of sitting with losing is amplified by the fact that you know the mistakes (if they are mistakes) are your own. If you have taken a trade that wasn’t there, acted on a tip or simply failed to engage a stop then these are your mistakes, they do not belong to someone else and you have to cope with the emotional cost of that. It is here that there is a schism between those who go on to be successful and those who just drop their bundle. Those who move through this have the energy to change and in doing so they naturally accept the pain that this invokes. There is no outsourcing your success to others but that is the good thing about success at any endeavour – it always belongs to the individual.” – Chris Tate

www.tallinex.com wants you to be a successful trader

The thought of a strange trader

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Weekly Trading Forecasts for Major Pairs (December 18 - 22, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
This pair is bearish in the short-term, and neutral in the long-term. Price has gradually come down since November 27, and it is now around the support line at 1.1750, and it may go lower to test other support lines at 1.1700 and 1.1650 this week. There would be some selling pressure on the market, which could hold throughout December. A meaningful rally would be somewhat difficult.

USDCHF
Dominant bias: Bearish
Although USDCHF is bearish in the short-term (and neutral in the long-term), it is likely that price would go upwards, moving above the resistance levels at 0.9950 and 1.0000, and therefore erasing the short-term bearishness. This pair would be able to enjoy some form of bullishness as long as EURUSD is under selling pressure, and this is a situation that may hold out for most part of December.

GBPUSD
Dominant bias: Bearish
The Cable is also slightly bearish in the short-term, but neutral in the long-term. A movement towards the accumulation territories at 1.3300 and 1.3250 would help strengthen the extant short-term bearishness; while a movement above the distribution territories at 1.3450 and 1.3500 would halt the bearishness. It is possible for the overall neutrality to end when the market assumes a protracted directional movement.

USDJPY
Dominant bias: Neutral
The market went sideways on Monday and Tuesday, and then began to come down on Wednesday. If price had not closed above the demand level at 112.50, there would have been a “sell” signal in the short-term. The neutrality in the market is vivid, and will end once price goes above the supply level at 114.00; or it goes below the demand level at 111.50. This condition may not be fulfilled again this month, because the kind of volatility that would bring this about may not happen this month.

EURJPY
Dominant bias: Neutral
EURJPY is currently a good example of a consolidating market. The consolidation has been in place since September 2017, and that is the how the situation would be until year 2017 is over. However, there are short-term signals that are brought about by temporary upswings and downswings in the market, which give excellent opportunities to buy dips and sell rallies as price oscillates along the way.

GBPJPY
Dominant bias: Bearish
This cross is bearish in the short-term (but neutral in the long-term). Price went downwards by more than 200 pips, creating a Bearish Confirmation Pattern in the market. The bearish movement is expected to continue as price targets the demand zones at 149.50, 149.00 and 148.50, which would be reached this week or next. There could be rallies along the way, but they are not expected to bring about a bullish bias.

This forecast is concluded with the quote below:

“When it comes to trading in the trend, you do not always have to be first, but you do not want to be wrong.” - Brandon Wendell



Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (December 18 - 22, 2017)

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EURUSD: correction ahead of the FOMC meeting

On Tuesday the 12th of December, trading on the euro/dollar pair closed down. The pair spent most of yesterday around the LB balance line (sma 55) at 1.1770. The rate then took a sharp dive after the publication of the producer price index in the US. The year on year value came out higher than expected to give investors more sleepless nights over the country’s low level of inflation.

The euro dropped to 1.1718 on the back of a rising dollar and US 10Y bond yields. After trading in Europe closed, the euro started to mount a recovery.

My expectations of a rise to 1.1811 didn’t come to pass. US data got in the way. The increase in producer inflation sent the euro down to 1.1718.

The pair has rebounded from the lower boundary of the A-A channel and as of now has recovered around 60% of yesterday’s losses. At the time of writing, the euro is trading at 1.1758 against a session high of 1.1762.

Now let’s look at the technicals imposed on the hourly chart. The rate has recovered from 1.1718 to 1.1762. The breakout of the A-A channel turned out to be false. A W-model is now forming. For it to complete its formation, we need to break out of the TR and TR1 lines.

Three euro crosses, including the EURGBP, are trading up. With the support of these pairs, buyers should be able to reach 1.1775 quite comfortably. Whether or not they can go higher remains to be seen as markets are holding their breath ahead of the Federal Reserve’s interest rate decision. Since most traders are convinced of a 25-base-point increase, more attention will be given to the Fed’s economic forecasts and Janet Yellen’s press conference. This will be Yellen’s final meeting and press conference as her term expires on the 3rd of February, 2018.
Source: http://ift.tt/2jTRZgZ

EURUSD: correction ahead of the FOMC meeting

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Online Forex Trading

Surprised by those who aspire to reasonable profits in this market are losing. Know the term risk in the Forex market and global markets, risk means (profit ratio / loss ratio).Online Forex Trading
For example, if you entered the oil deal at $ 30 and set the profit-taking point at 32, the stop loss system would force you out of the deal by 29,
This means that in this transaction you can win two dollars or lose a dollar
Indeed, I am surprised by the people who aspire to reasonable profits in the Forex market and lose for a simple reason, if I entered all deals this month with
Determine this risk ratio at least 2: 1, with simple words that risk one point in order to get two points in the future, or 3: 1 and so on.
And even lost 50% of the transactions that you opened and exited at the specified point of the system of stop loss, while the rest of the transactions succeeded at the point of reaping
Profits you are a winning investor Arincen. Think about it, you lost half your deals and won half of your deals, but when you won you would have won two points either
When you lose, you lose one point, which means that you win. With the commission paid to the company, you are still a winner, even if you have small profits.

Online Forex Trading

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Weekly Trading Forecasts for Major Pairs (December 11 - 15, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided there is a serious selling pressure in the market. There are resistance lines at 1.1850, 1.1900 and 1.1950, which should impede serious rallies.

USDCHF
Dominant bias: Bullish
This pair is bullish in the short-term, as it went northwards throughout last week, moving briefly above the resistance level at 0.9950 and then closing below that resistance level on Friday. Other resistance levels at 1.0000 and 1.0050 could be tested this week, provided there is a serious buying pressure in the market. There is also a strong possibility that the pair would plummet seriously before the end of this week, owing to a possible display of stamina in CHF. Most major currencies would drop against CHF this week (and USD possibly included).

GBPUSD
Dominant bias: Bullish
The bias on the Cable is bullish, but the bias is very weak, owing to some bearish attempt to pull down the price last week. A movement below the accumulation territory at 1.3250 would result in a bearish signal being generated, while a movement above the distribution territory at 1.3550 would result in putting more emphasis on the recent bullish signal. One of these scenarios would materialize this week.

USDJPY
Dominant bias: Bullish
From Monday to Wednesday, USDJPY went downwards; but it started moving upwards on that very Wednesday, to gain 150 pips, and to test the supply level at 113.50 by Friday (closing around that supply level). This has resulted in a Bullish Confirmation Pattern in the market, which means price would break the supply level at 113.50 to the upside, as it targets other supply levels at 114.00 and 114.50.

EURJPY
Dominant bias: Neutral
This trading instrument is quite choppy and completely neutral. There are wild upswings and downswings in the market as it is completely directionless. The current market condition would continue for some more days until price is able to stay above the supply zone at 134.50, or below the demand zone at 131.50. This is a condition that requires a high volatility and a perpetual movement in one direction. The condition would be met before the end of this month.

GBPJPY
Dominant bias: Bullish
The outlook on this cross is bullish. From November 4 to 6, the cross went downwards, and then rallied. The rally has saved the ongoing bullish outlook on the market, despite the bearish correction that took place on November 8 (which might turn out to be an opportunity to buy long at a better price). This week, price would go upwards again, reaching the supply zones at 152.00, 152.50 and 153.00.

This forecast is concluded with the quote below:

“Sometimes I wonder what would have happened if I hadn’t learned how to trade. What future would have been blocked off?” – Louise Bedford

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (December 11 - 15, 2017)

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Weekly Trading Forecasts for Major Pairs (December 4 - 8, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The bullish bias on EURUSD was challenged last week, as price was pulled towards the support line at 1.1800. However, bulls managed to push price upwards, thus saving the bullish bias. Price is currently close to the resistance line at 1.1900, and it is bent on breaching it to the upside as soon as possible. The resistance line at 1.2000 is the ultimate target; although bulls would meet a fierce opposition at the resistance line.

USDCHF
Dominant bias: Bearish
From Monday to Wednesday, this pair went upwards in the context of a downtrend, testing the price level at 0.9850, going above it briefly and then coming downwards to move below it. USDCHF cannot have a meaningful rally as long as EURUSD is able to showcase its stamina. The rally that took place in the first few days of last week has proven to be a good opportunity to sell short at a better price, as price plummeted on Friday, putting more emphasis on the ongoing bearish outlook. Further bearish movement is expected this week.

GBPUSD
Dominant bias: Bullish
The persistent bullish effort on Cable - against all odds – has already paid off. The bullish upwards movement in the market has been slow, gradual, and steady. Since November 14, price has gained more than 400 pips, roughly testing the distribution territory at 1.3549. Although price has retraced lower since then, that is just a temporary thing, it would go upwards again, targeting the distribution territories at 1.3500, 1.3550 and 1.3600.
USDJPY
Dominant bias: Bearish
After testing the supply level at 114.50, this trading instrument went downwards by 340 pips in November, creating a Bearish Confirmation Pattern in the market. However, the rally that took placed almost throughout last week nearly posed a threat to the bearishness in the market. The reneging rally met a challenge on Friday and the market pulled back considerably. This week, price could possible reach the demand levels at 112.00 and 111.50. But that does not completely rule out the possibility of some rally.

EURJPY
Dominant bias: Bullish
This cross is quite choppy, showing some indecision in the long-term, and showing some bullishness in the short-term. The market went downwards on November 27 and 28, and then started going upwards on November 29 (after testing the demand zone at (132.00). The market reached the supply zone at 134.00 and then closed just below the supply zone at 133.50. It is thus possible for the supply zones at 133.50, 134.00 and 134.50 to be reached this week. As long as the demand zone at 131.50 is not breached to the downside, this short-term bullish bias cannot be rendered invalid.

GBPJPY
Dominant bias: Bullish
GBPJPY rallied massively last week, putting an end to the recent indecision that had held out for weeks. From the demand level at 147.00, price shot skywards by 540 pips, before the slight bearish retracement that was witnessed on December 1. This week, bulls would be able to push price further upwards. The targets are the supply zones at 151.50, 152.00 and 152.50 would easily be reached, enabling the ongoing bullish bias to become stronger.

This forecast is concluded with the quote below:

“Learning the business of trading is basically no different from learning any other business. Winning means learning major guidelines and concepts that you repeat so often in your own behavior that they become good habits. These good habits then become automatic behavior patterns, which are formed as brain pathways by the rewards you get for trading well...” – Joe Ross

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (December 4 - 8, 2017)

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Only good trading knowledge

Only good trading knowledge is not able to make money from this volatile trading place , besides good trading experience obviously you have to make sure the money management approach , otherwise it is not possible at all to lead a healthy trading life at all despite of having most powerful trading experience.

Only good trading knowledge

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Technical Reviews for Gold and Silver (December 2017)

GOLD (XAUUSD)
Dominant Bias: Bearish
Gold is bearish in the short-term, and neutral in the long-term. In the long-term, price consolidated throughout November; but in the short term, the last week of November has been bearish. In the short-term, price has dropped seriously enough to generate a clean bearish bias on the market, and as price goes further southwards, a Bearish Confirmation Pattern would spread across the market. This month, upwards bounces should be temporary, as general movements in this month ought to be bearish. Thus, the current upwards bounce would end in further bearish movement, as price targets the support levels at 1260.00, 1250.00 and 1240.00 in December.

SILVER (XAGUSD)
Dominant Bias: Bearish
Silver is bearish, both in the short-term and in the long-term. The market essentially consolidated from November 1 to 28, and then dropped massively last week, shedding 8,000 pips from the high of the week (17.1895). There is a Bearish Confirmation Pattern in the market, which shows a possibility of the market journeying more and more towards the south. While there would be transitory indecisions and rallies along the way, price is expected to reach the demand levels at 16.2000, 16.0000 and 15.8000 in December.



Source: www.tallinex.com

Technical Reviews for Gold and Silver (December 2017)

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Novice trader

A number of novice traders start their live trading too earlier before completing their task in demo! That’s the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!

Novice trader

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real trading experience

It is very much difficult to find a best source to acquire real trading experience, we the traders can choose a broker which for all time make sure best trading environment for acquiring proper trading knowledge by providing a wide range of educational facilities with essential terms and conditions that are very supportive to be a knowledgeable trader rapidly.

real trading experience

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Scalping brokerage

Scalping brokerage is a trading platform which does not restrict any trading techniques especially scalping and always make sure best trading environment for scalping by providing lowest trading spreads as well minimum margin requirements. But nowadays choosing a scalping broker too much difficult, because most of them are found to be scams.

Scalping brokerage

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The best broker

The best broker is a broker which does not restrict any kinds of trading techniques with scalping and hedging. a best trading platform for all time make sure best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well minimum margin requirements. so when choosing a broker we the traders have to be more careful.

The best broker

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The US dollar bubble continues to burst as bitcoin reaches new record highs

This morning, the price of bitcoin rose to 9,771 USD on the Hong Kong exchange Bitfinex. This marks a new all-time high for bitcoin and an increase in its price by a factor of more than 10 since the beginning of 2017.

Many experts claim that this growth is the result of reduced hype surrounding the US dollar. They believe that this is more a case of the dollar depreciating than the price of bitcoin rising.

Crypto-analysts claim that the US Federal Reserve has printed so much money in the last 10 – 20 years that not even the regulator actually knows how much USD is in circulation around the globe.

We can see from the chart that the M3 money supply in 2006 amounted to 10.3tn USD.

At the end of 2008, the Fed announced they had opted for a “printing press” cure to the crisis as the first round of the regulator’s asset-purchasing program got underway. No one knows the current value of the M3 money supply in the US. Some members of Congress are long-time critics of the Fed and blame the regulator for turning the dollar into a bubble with no real backing.

I agree with this assessment. If you look at the Federal Reserve’s economic projections over the last 5- 6 years, you’ll find that they almost always miss the mark. It’s important to understand that the Fed’s main role is to regulate money supply (by forming monetary policy) to support economic growth (low unemployment and 2% annual inflation). The question is how can the money supply be efficiently controlled when the Fed itself doesn’t know how much money is in circulation (as I’ve stated above, this relates to the M3 money supply)? This is exactly why the Fed’s economic forecasts have been off for the last 10 years as well as why they’ve been unable to adequately conduct monetary policy. In other words, the Fed has become less efficient at its job and the supply of dollars has slipped form their control.

Crypto-analysts claim that during the next US crisis, not only will global investors shift towards cryptocurrencies (i.e. the dollar will lose its status as a safe haven and become a high-risk, unreliable asset), but American citizens will also look to exchange their dollars for crypto, bringing about a total collapse of the US dollar.

Crypto-analysts claim that with the collapse of the dollar,with ecn broker for forex you can see that bitcoin will cost somewhere between 1 and 5 million USD. At the time of writing this review, bitcoin is trading at 9,712 USD with a market cap of 162.22bn USD.

The US dollar bubble continues to burst as bitcoin reaches new record highs

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CFDs: trading stock market and commodity futures contracts for difference

CFDs are contracts (derivatives) that replicate the performance of shares, stock indices, foreign currencies or metals. A contract for difference can be considered roughly as a purchase of shares through a loan. A buyer of a CFD gets all the benefits of the underlying stock, including price rises and dividends, and pays the seller for the cost of lending it them. As such, it is similar to borrowing money from the bank to buy shares: the investor benefits from share price rises from the purchases made using the loan, and bank takes interest on the loan. CFDs combine this process into one transaction. In cases where the underlying asset is a share, futures or commodity CFD, the value of the contract follows the shareholder value of the asset. In case of stock indices, the value of the relevant contract and the difference should mimic that of the particular index in question. CFDs are a tool which allows you to receive all of the benefits from the change in the price of the asset without specific delivery thereof. In addition, time and cost usually spent on purchasing underlying assets on the stock exchange is significantly reduced.

Trading commodity futures CFDs is practically no different from trading currency pairs on the Forex market. To successfully trade commodity futures CFDs, you must carefully examine the trends of the relevant market. This will help you understand the reasons that lead to the rise or fall in the prices of certain commodities. For example, the price of such commodities as oil and precious metals depends on many factors, not just the economic output of exporting countries and their plans regarding production in the near future. Fluctuations in oil prices can be observed and are linked to the publication of data about stocks. When trading futures contracts for commodities, universal methods that work equally effectively in all markets can be used, in addition to specific, study-based economic methodology that affects pricing. Futures have an expiration date, so it is necessary to close contracts for difference.

At the core of share CFD trading is the familiar principle of carrying out operations on the Forex market. At the present time, entering onto the CFD market requires little start-up capital, due to the availability of margin trading. CFDs for stock indices are a specific financial instrument, the use of which gives traders the opportunity to make profit on changes in stock market indices values. The underlying asset in this case is a stock market index. Each point of the index is equal to a predetermined amount. It is also necessary to take into account the fact that changes in indices usually amount several thousand pips per single trading session. This tool allows you to make decent profits, but at the same time, in cases of negative outcomes, be prepared for large losses. CFDs for indices have low margin requirements compared to futures contracts. CFDs for stocks allow speculators to earn from small movements in the underlying asset price during the trading session. CFDs are an excellent alternative for people accustomed to trading stocks and physical currencies that are interested in investing in a more flexible instrument.
Source: https://alpari.com/en/

CFDs: trading stock market and commodity futures contracts for difference

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Weekly Trading Forecasts for Major Pairs (November 27 – December 1, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair went upwards last week, after moving sideways on Monday and Tuesday. Price gained 210 pips, closing above the support line at 1.1900 and targeting the resistance line at 1.1950. Then another resistance level at 2.0000 (a psychological line) would be reached and possibly broken to the upside in December, as price goes further upwards. The outlook on EUR pairs is bullish for December

USDCHF
Dominant bias: Bearish
The market has come down by 220 pips in November 2017 – going downwards by 100 pips this week alone. There is a huge Bearish Confirmation Pattern in the market, which means price could continue going southwards, reaching the support levels at 0.9750, 0.9700 and 0.9650. These targets ought to be reached within the next several trading days, for there cannot be a meaningful rally in the market as long as EURUSD is strong.

GBPUSD
Dominant bias: Bullish
There is a bullish signal on GBPUSD, which has come about as a result of desperate effort by bulls, to price upward against bearish forces in the market. There is a possibility that price could reach the distribution territories at 1.3350, 1.3400 and 1.3450 this week (and in December). However, price would eventually fall seriously in December because the outlook on GBP pairs is strongly bearish for that month. Long trades may not make much sense on GBP pairs in December.
USDJPY
Dominant bias: Bearish
This trading instrument has lost about 300 pips in November, after testing the supply level at 114.50 on November 6. The market may continue going downwards, reaching the demand levels at 111.00, 110.50 and 110.00 (providing that the selling pressure is great in the market). However, things would eventually turn bullish this week, for the outlook on JPY pairs is bullish for the week. There would be a bullish reversal that would end up generating a “buy” signal.

EURJPY
Dominant bias: Bullish
This cross is bullish in the short-term and neutral in the long-term. The cross went sideways on November 20 – 23. Since bullish movements are anticipated on JPY pairs this week, it is interesting that EURJPY has already started the journey. Price managed to close above the demand zone at 133.00 on Friday, and would gain another 200 pips before the end of the week. Once the supply level at 134.00 is breached to the upside, the bias on the market would also become bullish in the long-term.

GBPJPY
Dominant bias: Neutral
GBPJPY is not an attractive market at the present. It has been consolidating for the past several weeks, and the consolidation would continue until there is a sustained breakout in the market. The most likely direction this week (and probably in December), would be northwards. The bias on the market would turn bullish once price goes above the supply zone at 150.00, which would not be an easy goal to achieve, since GBP would sometimes become weak in itself.

This forecast is concluded with the quote below:

“Think of patience as a primary part of your trading strategy. Don't assign it a secondary or lesser role, elevate it on the list of what you consider important. And don't be put off by it when it doesn't seem to be working — it's working.” – Andy Jordan

Source: Tallinex.com

Weekly Trading Forecasts for Major Pairs (November 27 – December 1, 2017)

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Forex

Nowadays, Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.

Forex

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Forex Tips

Every trader in this market place I think already knows Forex is a risky business. That’s why need experience and knowledge to minimize the risk . Without proper trading knowledge and experience, a trader many be get more loss than profit. We should understand that there is no shortcut and we can’t become rich overnight.

Forex Tips

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Risk management

Risk is an inevitable part of trading , risk reward ratio as well as profit reward ratio is very important for being a successful Forex trader! I know a trader who has almost 4 years trading experience with a good trading system, but till now he loses his profit after making because of his low quality knowledge on risk reward ratio, you have to understand how much risk you should use here or not!

Risk management

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Trading with the trend: Myth or reality?

Do not change this article when you read trading with the trend. All the traders have heard this sentence in their career more than thousand times and we really don’t have any wish to start again. If you are thinking that why we are telling you to read this article, you will know your answer when you read the full headline of this article. Most people believe that trend can tell them about the future market. If they trade with the trend, they have a better chance at winning money but no traders have analyzed or asked if this was reality or it was a myth. Time has come and we have tested this popular concept that has been around the market.

No matter what you do never trade against the market trend. The trend is your friend is the most famous proverb in the Forex market. If you can follow it then you can easily avoid lots of losing trades. On the contrary, those who don’t follow this proverb are losing money on regular basis. But before you start trading the live market you need to learn to find the perfect trend in this industry. If you think that you can deal with the financial instrument without learning the technical analysis then you are just making a big mistake. Your technical analysis skills are going to ensure your profit factors in this industry. At times you will often have to use the fundamental analysis to measure the overall strength of the market trend. Based on your technical and fundamental analysis you need to develop a balanced trading system which will help you to become a successful trader.

Profit factors
Everyone wants to become a successful trader in the financial industry. Majority of the retail traders only to trade to earn money. But the expert traders at Saxo execute their trades only to safeguard their investment. Their main concern is their investment and they are not worried about the money they will make. You need to place quality trades in your online trading account to make profit consistently. Always avoid overtrading since it is one of the key elements to jeopardize your trading career.

It is a Myth
We are kidding! It is not a myth but a reality. When we asked many professional and traders who are in this industry for a long time, they have said that it is true. You can better know the future trends of the market. If you are not making money and only using the analyses, you may be mistaken. Sometimes there is false news that is published and it can change your analysis.

Trend helps in your planning of trades
Making money in Forex is in your hands and we cannot change that. If you are taking the trend in your strategy and analysis, you will see that you will get a perfect picture of the market. The trend only happens when the market is going upward or downward. We sometimes that it has a downward trend and you know that buying is not profitable in the downward trend. This is the help that you can get from your trend. You cannot use only trends for your trades as you also need your analysis. The trend will help you in planning your future trades. Professional traders plan their trades by seeing the trends. If the trends are not good for their trades, they do not place trades. If you do not think the trend can help you in planning your trades, you can try the trends in your demo accounts. You cannot use this trend as your analysis but it can give you the edge over the traders. When you are following the trend, you know where the money is and you can place your trades. Trading with trend helps the traders to make money and it is not a myth.

Trading with the trend: Myth or reality?

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Weekly Trading Forecasts for Major Pairs (November 20 - 24, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
A bullish signal was generated on this pair last week, as the market gained 200 pips, to test the resistance line at 1.1850. After that, price began to experience some bearish correction, which made it close below the resistance line at 1.1800 on Friday. The bullish signal in the market remains valid, and it cannot be invalidated unless the market goes down by 200 pips from here. This week, the resistance lines at 1.1800, 1.1850 and 1.1900 could be reached.

USDCHF
Dominant bias: Bearish
This pair went downwards from Monday to Wednesday, jumped upwards on Thursday, and then went downwards again on Friday, closing at 0.9883 (on that very day). There is a Bearish Confirmation Pattern in the market, and the support level at 0.9850 may be tested easily, breached to the downside, as price goes further downwards towards other support levels at 0.9800, and 0.9750 (the last target of the week).

GBPUSD
Dominant bias: Neutral
The bias on Cable is essentially neutral, for price has not gone in a strong directional mode in the past 4 weeks. There is a distribution territory at 1.3300 and an accumulation territory at 1.3050 (as space of 250 pips). These distribution and accumulation territories have proven to be able to withstand bearish and bullish pressures in recent times; and as long as price remains within them, the ongoing neutrality would remain. Once either of the territory is breached, a directional bias would occur.
USDJPY
Dominant bias: Bearish
USDJPY went sideways on November 13, and began to come down from November 14. Price went down by 160 pips last week, testing the demand level at 112.00 on November 17 (before the close of the market). This week, it is possible that price would go beneath the demand level at 112.00, and aim for another demand level at 111.50. Nonetheless, there would possibly be a strong bullish reversal before the end of the week.

EURJPY
Dominant bias: Neutral
The fact is, the EURJPY cross has been consolidating since the beginning of October (in the long-term). In the short-term, there are short-term bearish and bullish swings in the market, with no directional bias. For example, price went upwards last week, on Monday and Tuesday; but the bearish movement of Wednesday, Thursday and Friday has rendered the bullish movement of Monday and Tuesday invalid. The current neutrality would continue until price goes upwards by at least, 300 pips; or until it plummets by at least 300 pips. Any pip movement below that would not be sufficient to end the current neutrality.

GBPJPY
Dominant bias: Bearish
This is also a choppy and equilibrium market, for things have gone slightly bearish. The market would need to reach the demand zone at 146.50, for the bearish signal to become stronger in the market. On the other hand, a breach of the supply zone at 150.00 would swiftly bring an end to the bearish bias. A movement to the upside is more likely this week, since the outlook on some JPY pairs is bullish for the week.

This forecast is concluded with the quote below:


“Building a Forex trading strategy is much like building a house. You need layers and a good foundation.” – Jarratt Davis


Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (November 20 - 24, 2017)

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There’s nothing special about your strategy

THE WAYS WE CON OURSELVES

I support a particular hospital charity that each year or so runs a home lottery and every year I enter. To date I have won a digital camera, an iPod, an Apple TV, a tonne of chocolate, wine (brilliant for a non-drinker but good for presents) and a host of other goodies. In fact I have never had a time when I have entered and not won something. Whilst my expectancy is not quite positive it’s not bad. If I were a news agency that sold lottery tickets and I had this many winning entries bought via my store people would be clambering over me thinking there was something special about my store.

One of the things we ignore in life is that we are subject to the same harsh statistics as everyone else – we have what I call the myth of individual specialness. Our basic narcissism leads us to believe that the laws that apply to the universe don’t really apply to us, as a result we spend a lot of time fooling ourselves into think there is something special or magical about what we do.

My capacity to win this particular lottery has nothing to do with me other than the fact that I enter, I am simply subject to the laws of large numbers as is everyone else. If you get enough people doing the same thing over a long period time then the probable drifts into the realm of the inevitable. It is no wonder some people win the lottery twice.

But because we are such poor natural statisticians this seems like magic to us and we ascribe some special quality to ourselves and this is apparently a well-known phenomenon in both lottery winners and those who have inherited wealth. They believe that something divine about themselves means that they were meant to win – they cannot accept that it was blind luck. My wife has a friend who received a very large inheritance from her parents, she has now divorced herself from all her friends of many decades because she believes that there is something superior about herself other than being the lucky product of the sperm sprint derby that we all undergo. Sometimes you land in the right spot and sometimes you don’t.

The central issue here is that even in trading we are subject to the ruthlessness of statistics and this ruthlessness is often at odds with our own emotional endurance. For example if you have a system with a positive expectancy this means that on average and over time your system will make money. But note there are two presumptive phrases involved in this definition – on average and over time.

You need to have the resilience to ride out the times when the system is not making money. When traders first encounter the notion of expectancy they assume that is means that every trade they take will make $X and are surprised when this does not happen. All trading systems will experience runs of losses, this is the natural order of things and you can experiment with this for yourself by looking at a coin toss simulator. If you click here you can see how streaks of either heads or tails form – this is a good example of what can happen in trading systems.

Despite trading being a basic exercise in statistics at its core it is an exercise in resilience because we have to find ways of dealing with brutality of statistics and even when we know our system is sound it is still hard to take a continual series of losses. Inevitably we come back to the notion of courage as a central tenet in the success of any trader.


Author: Chris Tate

Article reproduced with kind permission of: http://ift.tt/1ictipJ

This article is concluded with the 3 quotes below:

“Every time you have a hunch that the market will reverse, jot it down on paper. After 30 attempts, look back at how accurate your prediction is. You may be surprised by your results.” – Rayner Teo

“Defeats in trading are not really defeats, anyway — they are more like trial balloons we keep sending up, knowing in advance that a certain number of them are going to get shot down. Therefore, trading is really a process of two steps forward and one step back. The one step back part will always seem like a defeat, will always feel like a defeat, but is not a defeat – simply part of the process.” – Andy Jordan

“A large population of traders consider themselves to be much more effective than they really are.”- Chris Tate


www.tallinex.com wants you to make profits from the markets.

There’s nothing special about your strategy

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GOLD Sees Price Extension On Bull Pressure

GOLD: The commodity extended its recovery on Wednesday leaving risk higher in the days ahead. However, beware of pullback threats. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure targeting the 1,260.00 level. Conversely, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to recover further higher.

GOLD Sees Price Extension On Bull Pressure

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USDCHF Pressures Further Downside On Correction Weakness

USDCHF: With the pair selling off on Tuesday and seen following through lower on Wednesday, more weakness is envisaged in the days ahead. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Above here if seen will turn attention to 0.9950. All in all, USDCHF faces downside pressure on price weakness.

USDCHF Pressures Further Downside On Correction Weakness

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secure and comfortable trading life

In Fx trading we the traders first of all have to ensure the security issue, if we want o lead a comfortable trading life with certainly. We can choose the broker which always guarantee their clients funds. That’s why from my first day of trading I have been using LQDFX which always ensures secure trading environment for their cline by providing security of funds at any kinds of investments with a wide range of trading technologies. And from here I can use any kinds of trading strategies including lowest trading spreads.

secure and comfortable trading life

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EURUSD Rallies, Remains On The Corrective Offensive

EURUSD: With the pair rallying to extend its price correction on Tuesday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD continues to face further bull threats but with caution.

EURUSD Rallies, Remains On The Corrective Offensive

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GBPUSD Triggers Corrective Recovery, Eyes More Strength

GBPUSD: With the pair halting its broader weakness to trigger a strong correction on Monday, more strength is expected. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, GBPUSD continues to face further upside pressure on correction.

GBPUSD Triggers Corrective Recovery, Eyes More Strength

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Weekly Trading Forecasts for Major Pairs (October 9 - 13, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
The pair has been going southward since September 25, having lost about 200 pips. Price moved briefly below the support line at 1.1700, but closed above it on Friday. However, rallies in this kind of market situation often bring good opportunities to sell short at slightly higher prices, and that is exactly what is expected. Another opportunity to go short would emerge this week, as price turns southwards again.

USDCHF
Dominant bias: Bullish
USDCHF has managed to stay bullish for the past few weeks – although price has not gone upwards significantly either. The market was trudging upwards, sauntered above the resistance level at 0.9800, but eventually closed below it on October 6. This week, USDCHF would maintain its bullishness, but it would not be able to move northward significantly until CHF is weakened. The bullishness would also be sustained as long as EURUSD remains bearish.

GBPUSD
Dominant bias: Bearish
This market has been going downwards in the past two weeks, and price has come down by 470 pips since then (having come down by 320 pips last week). There is a huge Bearish Confirmation Pattern in the market, and the accumulation territory at 1.3050 has already been tested. The bearish movement can continue this week as other accumulation territories at 1.3000 (a strong accumulation area), 1.2950, and 1.2900 are tested. However, there could be some meaningful rally before the end of the week.

USDJPY
Dominant bias: Bullish
Albeit it consolidated throughout last week; the outlook on this market remains bullish. There could soon be an end to the short-term consolidation, as price goes above the supply level at 114.00, or below the demand level at 111.00. A movement above the supply level at 114.00 would help strengthen the existing bullish bias; while a movement below the demand level at 111.00 would threaten it.

EURJPY
Dominant bias: Bullish
This cross is basically bullish in the long-term, but neutral in the short-term. Price did practically nothing last week, save moving sideways in the context of an uptrend. Nonetheless, a closer look at the market reveals that bears are about to gain upper hands, and thus, price could go towards the demand zones at 131.50 and 131.00 this week. The bias would not turn bearish until another demand zone at 130.00 is breached to the downside.

GBPJPY
Dominant bias: Bearish
GBPJPY moved south by about 360 pips last week, resulting in a Bearish Confirmation Pattern in the market. The outlook on the market remains bearish for this week, as price goes towards other demand zones at 147.00, 146.50 and 146.00 (and possibly exceeding them). However, there could be a serious rally before the end of the week, which cannot render the current bearish bias invalid unless the market rallies by a minimum of 400 pips.

This forecast is concluded with the quote below:

“As traders, we are the ultimate rain makers. We are the producers. We are the profit seekers. We live by our wits, making decisions that others fear. We claim our freedom and provide an unparalleled lifestyle for those we love.” – Louise Bedford

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (October 9 - 13, 2017)

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EURUSD Closes Lower But With Warning Of Correction

EURUSD: With the pair extending its weakness other past week, more decline is envisaged. However, we should see a recovery higher in the new week. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD continues to face further bear threats but with caution.

EURUSD Closes Lower But With Warning Of Correction

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USDCHF Closes Lower On Bull Price Rejection

USDCHF: With the pair rejecting higher prices to close flat on Friday, more weakness is envisaged in the new week. On the downside, support lies at the 0.9550 level. A turn below here will open the door for more weakness towards the 0.9500 level and then the 0.9450 level. On the upside, resistance resides at the 0.9650 level where a break will clear the way for more strength to occur towards the 0.9700 level. Further out, resistance comes in at the 0.9750 level. Above here if seen will turn attention to 0.9800. All in all, USDCHF faces downside pressure on price rejection.

USDCHF Closes Lower On Bull Price Rejection

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Daily Technical Strategy On Currencies & Commodities

GBPJPY: Bearish, Retains Its Downside Pressure

GBPJPY: The cross remains vulnerable to the downside on further weakness as it retains its bearish bias. On the downside, support comes in at the 148.00 level where a violation will aim at the 147.50 level. A break below here will target the 147.00 level followed by the 146.50 level. Conversely, resistance is seen at the 149.00 level followed by the 149.50 level. A cut through that level will set the stage for a move further higher towards the 150.00 level. Further out, resistance resides at the 150.50 level. All in all, GBPJPY remains weak and vulnerable to the downside.

Daily Technical Strategy On Currencies & Commodities

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Weekly Trading Forecasts for Major Pairs (September 2 - 6, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
The market lost about 200 pips last week, went briefly below the support line at 1.1750 and then went above it, to close above the support line at 1.1800. There is already a Bearish Confirmation Pattern in the market, and further downwards movement is possible as price targets the support lines at 1.1800, 1.1750 and 1.1700 this week. This means that the shallow rally that was seen on Thursday and Friday may turn out to be opportunities to go short at slightly higher prices. The outlook on EUR pairs is strongly bearish for October; so EUR would be seen falling against other major currencies.

USDCHF
Dominant bias: Bullish
The bias on USDCHF is bullish in the short-term; and the bullishness is even precarious. This week, it may be possible for this pair to retain its bullishness as EURUSD slides southwards. However, the bullishness of the market would face a challenge from another quarter, which is the expected rally in CHF. CHF may begin to gain strength versus other currencies within the next two weeks, and that may make it difficult for USDCHF to experience a smooth bullish run. However, USD would also gain serious stamina around the end of October – a factor that may help USDCHF to become a clear winner at the end of the month.

GBPUSD
Dominant bias: Bearish
GBPUSD was bullish in September, but the bearish correction that was witnessed throughout last week (at least a movement of 150 pips to the south) has resulted in a “sell” signal in the market. The outlook on GBP pairs is bearish for this week, and thus, long trades are not recommended for now. GBPUSD could reach the accumulation territories at 1.3350, 1.3300 and 1.3250 within the next several trading days.

USDJPY
Dominant bias: Bullish
This trading instrument has gained at least 450 pips since September 11. The movement of the market would largely be determined by whatever happens to USD this month. A strong USD means price would continue going upwards, whether gradually or swiftly. On the other hand, a weak USD may cause a serious reversal on USDJPY as price goes downwards by at least 200 pips within the next few weeks.

EURJPY
Dominant bias: Bullish
This cross dropped southwards on Monday and Tuesday and then consolidated throughout the rest of the week. However, a closer look at the market reveals that bulls have subtly moved price in their favor, leading to an invalidation of recent bearish efforts. A movement above the supply zone at 134.00 would result in corroboration of the recent bullish bias; while a movement below the demand zone at 131.50 would result in a bearish bias.

GBPJPY
Dominant bias: Bullish
GBPJPY rose by 1,100 pips in September and got corrected on September 29, following the consolidation that took place in most part of last week. The correction was almost nothing when compared to the general bullish movement in that month. Price could continue to go upwards – but only in a limited way – owing to the expected weakness in GBP in October. This means that the market would go down by at least, 400 pips in October, thereby invalidating the current bullish bias.

This forecast is concluded with the quote below:

“Successful trading careers start with plans that specify objectives, which in turn lead to success. There are psychological benefits to establishing objectives and developing plans to reach them.” – Joe Ross

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (September 2 - 6, 2017)

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CRUDE OIL Remains Bullish, Resumes its Broader Medium Term Uptrend

CRUDE OIL: With the commodity bullish and resuming its broader medium term uptrend on Thursday, further strength is expected in the days ahead. On the downside, support resides at the 52.00 level where a break will expose the 51.50 level. A cut through here will set the stage for a run at the 51.00 level. Further down, support resides at the 50.50 level. On the upside, resistance resides at the 53.00 level. Further out, resistance comes in at the 53.50 level. A break above here will aim at the 54.00 level and then the 54.50 level followed by the 55.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside medium term.

CRUDE OIL Remains Bullish, Resumes its Broader Medium Term Uptrend

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Unrealistic/irrational expectations from traders

“If there were a cornerstone to trading it would be the ability not only to be resilient when in drawdown but also to accept that we get things wrong. Sometimes there is a flaw in our methodology that we have not seen and that we simply have been lucky up until this point. This does raise the question of when do you know you have entered this spiral of self destruction and to my way of thinking the answer is not that hard. If you have been losing money for the better part of a decade then it is fairly obvious that there is something seriously wrong in your methodology.” – Chris Tate

Can you make 1,000% returns per year from trading?

I DON’T THINK SO.

Every so I often I am party to an email from someone who should know better. This particular email was around the topic of returns that could be expected from a novice trader. This email asserted that they were looking at the order of 1,000% pa, which in anyone’s language is a tall order.

I can understand how people get these figures in their heads, the internet is awash with people claiming that you can give up your day job and intraday trade FX with $5,000 and live like royalty with no risk. Intriguingly I have once again started receiving spam emails from people claiming that options writing is a no risk cash flow generating strategy.

As such it is easy to see how peoples psyche becomes infected with this sort of nonsense and how with little real world experience they are sucked in.

However I was curious as to what the numbers would look like if you were making 1000% pa so I fired up Excel and let it rip with a starting balance of 1,000.

Please check here to see the figure: http://ift.tt/2fNKRQW

I don’t even know how to say that last number. Suffice to say that somewhere around the first months of year 7 you are the richest person in the world and by the end of year 10 I think you have all the money.

Author: Chris Tate

Article reproduced with kind permission of: Tradinggame.com.au

Another great quote ends this article:

“You should spend a great deal of time and thought on your exit strategies, for one very good reason: you don't make money when you enter the market, you make money when you exit the market. Far too many people focus only on market entry, or what to buy, rather than on when to sell. If you approach trading with an exit strategy, it will benefit you right away.

Your system should reflect your beliefs (i.e., who you are as a trader and as a person). Many people are just looking for “any system that works,” but if your trading system doesn’t match your beliefs about the markets, you will eventually find a way to sabotage your trading.” – Van Tharp Institute


www.tallinex.com wants you to become a successful trader

Unrealistic/irrational expectations from traders

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Weekly Trading Forecasts for Major Pairs (September 25 - 29, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
On September 18 and 19, this pair made a faint bullish attempt, only to come down on September 20 (and then went upwards on September 21 and 22). Since there is no conspicuous victory between bull and bear, the market remains in a neutral region. There is a need for price to go above the resistance line at 1.2050 (staying above it); or go below the support line at 1.1850 (staying below it). That is when there would be a directional bias.

USDCHF
Dominant bias: Bullish
This pair has generated a bullish signal, owing to a visible bullish effort that was made last week. Price first consolidated in the first few days of the week, and then rose upwards. Further rise is possible this week, as the resistance levels at 0.9700, 0.9750 and 0.9800 are targeted. A drop below the support level at 0.9650 would force the market back into a neutral territory, while a drop below the support level at 0.9500 would end in a strong bearish bias.

GBPUSD
Dominant bias: Bullish
GBPUSD consolidated throughout last week – albeit in the context of an uptrend. Price has gained roughly 700 pips this month, and there are chances to gain more. The distribution territory at 1.3650 (which was tested last week) would be breached to the upside, as price goes for other distribution territories for the rest of September. The outlook on GBP pairs remain bullish for this week.

USDJPY
Dominant bias: Bullish
This trading instrument went upwards by 150 pips last week, testing the supply level at 112.50 and then getting corrected a bit lower. There is a clean Bullish Confirmation Pattern in the market, which signals further bullish movement this week. The supply levels at 112.50, 113.00 and 113.50 might be reached before the end of the month. The demand levels at 111.50 and 111.00 would impede bearish attacks along the way.

EURJPY
Dominant bias: Bullish
This cross has become bullish in the long-term and in the short-term. Last week price went upwards by 190 pips, and then followed a shallow correction on Friday. Following the shallow correction would be a rise towards the north, as price slashes the supply zones at 134.00, 134.50 and 135.00 to the upside (possibly exceeding them). The outlook on JPY pairs is strongly bullish for this week.

GBPJPY
Dominant bias: Bullish
The market gained about 1,100 pips this month, before the bearish correction that was witnessed on Friday. Further bearish correction could take place, but it should not be significant enough to result in a bearish bias (JPY pairs are mostly expected to go upwards this week). The bearish correction would end up giving opportunities to join the existing bullish trend, at better prices. A gain of 200 – 300 pips is anticipated before the end of September.

This forecast is concluded with the quote below:

“Trading goes best when it is yoked to rewards… that are independent of the most recent trading results.” - Brett Steenbarger, Ph.D.

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (September 25 - 29, 2017)

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STP Execution trading platform

From my first day of trading I have been using LQDFX which is real STP Execution trading platform and for all time make sure security of funds , superior execution for trading , easy withdrawal system without long time process, active customer services and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly. and they don’t restrict any don’t restrict any kinds of trading techniques with scalping and hedging. so, my trading life is very much comfortable.

STP Execution trading platform

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USDCHF Follows Through Higher On Bull Pressure

USDCHF: With the pair following through higher on the back of previous week gains the past week, more strength should follow. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9750 level where a break will clear the way for more strength to occur towards the 0.9800 level. Further out, resistance comes in at the 0.9850 level. Above here if seen will turn attention to 0.9900. All in all, USDCHF faces further upside pressure short term

USDCHF Follows Through Higher On Bull Pressure

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Brokers Tips

All the traders we have a choice of the broker to be used , should the trader can choose a broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this. Otherwise it will be more difficult to survive, basically in spite of a profitable trading approach scalping don’t allow by and large regulated trading platforms in their trading brokers.

Brokers Tips

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Power of mental stability in your trading performance

Majority of the trader is looking to become a professional trader to secure their financial freedom. Those who are trading the Forex market for a long period of time have developed unique sets of skills to deal with this market. But to make a profit on a regular basis you need to understand the nature of this market. The Aussie people are one step ahead in the Forex field since the majority of them knows about the importance of proper education in Forex trading. But learning all the details about technical and fundamental analysis is not going to make you a successful trader. You need to have the strong mental stability to deal with the dynamics of this market. In the eyes of some trained professional success is more related to stable psychology rather than knowledge. But you can’t develop your psychology without learning the details of this market.

Sentiment analysis
Sentiment analysis is the third major part to become a successful trader. This something that you can never really learn rather it will develop deep inside you. Most of the retail traders execute their trade based on technical analysis but they never realize the fact that this market pays more attention to trader’s sentiment. So try to understand the language of the market to execute profitable trades.

The human beings are programmed by nature. By default, they can’t embrace a simple loss. Those who want to become a professional trader should be more concern about psychology. Ask yourself whether you can afford consecutive losses and trade the market without taking any huge risk. If the answer is NO then to stop trading the market. If it’s a yes then there is long distance journey for you. Start learning from the professional trader about this Forex trading profession and change the way think about this market. Trading is not about making a profit rather it’s all about managing your risk. If you take the risk then you need to make sure that you will earn twice than your risked amount. This is often known high risk-reward trading in Forex.

Emotions of the Forex trader
Those who trade the Forex market for their very first time has a tendency to listen to their emotion. But you must realize the fact that this market is all about precise rational price movement. So you need to use your rational logic to find high-quality trading signals in favor of the market trend. If you do so then within a short period of time you will be able to love your losing trades. But embracing the losing trades doesn’t mean that you will always big losers in your portfolio. If you ever trade with the high-class broker Saxo then seeks help from their professional trader. Ask them how they are leading their life based on trading. You will be surprised to hear their answer since all of them will give you the same statement. You need to trade the market without any emotional attachment. The moment you bring emotion to your trading, you are bound to make mistake. If you think that you are losing control over emotions then stop trading for that day.

Life of the professional trader is perfect in every way. They always assess their risk factor to place their trade. Since most of the high-class broker like Saxo offers a demo account, it’s better for you to develop your trading skills in a demo environment. It’s true that mistakes are inevitable in trading but if you follow the proper rule of money management then even after losing 6 trades out 10, you will be on the profitable system. Always aim for 1:2 or better risk reward ratio during your trade execution. Making money out of trading should never be your main concern. You should always think about investment and assess your trade history to find your faults. If can stay sound psychologically then this profession will be the best solution for your financial need.

Power of mental stability in your trading performance

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Weekly Trading Forecasts for Major Pairs (September 18 - 22, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
The market is bullish in the long-term and neutral in the short-term. There was a slight bearish movement last week, but that was not significant. This week, price would either go above the resistance line at 1.2050, to strengthen the long-term bullish outlook; or price go below the support line at 1.1850 (which was tested last week), staying below it, to bring about a short-term bearish bias.

USDCHF
Dominant bias: Neutral
USDCHF is bearish in the long-term, but neutral in the short-term. From Monday to Wednesday, price went upwards by more than 200 pips, to test the resistance level at 0.9700. However, price began to come downwards on Thursday and Friday, thus rendering the short-term bullishness of the market vulnerable. To bring about a clean bullish bias, there is a need for the market to go upwards this week, staying above the resistance level at 0.9700; otherwise a strong bearish movement would result in a bearish bias. Movements between the resistance levels at 0.9700 and the support level at 0.9500 would enable the neutrality of the market to continue.

GBPUSD
Dominant bias: Bullish
This trading instrument has become seriously bullish. Price has gone upwards by 680 pips this month, and there is much room for it to go upwards this week. The instrument has closed just below the distribution territory at 1.3600 on Friday. The distribution territories at 1.3600, 1.3650 and 1.3700 would be reached this week (even if there would be any reversals later).

USDJPY
Dominant bias: Bullish
USDJPY is bullish in the short-term, but bearish in the long-term. The market went bearish in the first week of this month and went bullish last week, generating a bullish signal. There is a possibility that the supply levels at 111.00 (which was tested last week), and 111.50 would be reached. On the other hand, there is a stronger possibility that price would go bearish this week, so the demand levels at 110.00, 109.50 and 109.00 could be reached this week.

EURJPY
Dominant bias: Bullish
The market rose from the demand zone at 130.00, and went upwards to test the supply zone at 133.00. This has resulted in a bullish bias, and further bullish movement could be seen as price makes more attempt to continue going northwards. However, the outlook on JPY pairs is bearish for this week, and EURJPY may also experience a vivid pullback before the end of the week, and that is something that could bring about a bearish bias on the market.

GBPJPY
Dominant bias: Bullish
Last week, GBPJPY proved to be the strongest moving pair among JPY pairs. Price gained more than 820 pips, causing a huge Bullish Confirmation Pattern in the market. Further bullish movement could be seen this week, taking price towards another supply zones at 151.00 and 151.50. Then, there is a high probability of a large pullback before the end of this week, owing to a bearish expectation on JPY pairs.


This forecast is concluded with the quote below:

“Over the years, I've had the most profitable results by always making an attempt to receive pay for the risk I am taking. I want to be paid to trade.” – Joe Ross

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (September 18 - 22, 2017)

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Rate only LQDFX

I can rate only LQDFX which always ensures security of funds at any kinds of investments, lowest trading spreads for using any trading strategies freely, low transaction cost, easy withdrawal system without long time process, active customer services and much more that are very supportive to lead a comfortable trading life with certainly. And they don’t restrict any kinds of trading techniques with scalping and hedging.

Rate only LQDFX

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Warum sollte man den Forex Handel von den Profis lernen

Der Forex Handel ist recht knifflig. Wenn Sie sich die Erfolgsraten anschauen, werden Sie feststellen, dass nur fünf Prozent der Händler in dieser großen Branche konstant Gewinne machen. Was ist der wahre Grund, warum die anderen Millionen Händler nicht Geld verdienen konnten? Haben Sie einfach kein Glück oder arbeiten Sie nicht genügend? Diese vielen Fragen beschäftigen Anfänger. Wenn Sie keine klaren Antworten auf die Fragen bekommen, werden Sie niemals einen Karrieresprung machen. Wo findet man also die beste Unterweisung im Forex Handel?

Es gibt viele Wege, zum Meisterhändler zu werden. Die alte Schule des Tradings ist immer besser. In der Vergangenheit haben wir unsere Lektionen aus Büchern und mit Hilfe unserer Lehrer gelernt. Auf ähnliche Art und Weise sollten Sie im Devisenhandel auf erfolgreiche Trader setzen und diese als Ihre Mentoren annehmen. Wenn Sie in deren Fußstapfen treten, werden Sie sehr schnell die wirkliche Natur des Marktes verstehen können.

Professionelle Händler können Ihnen Antworten geben
Wenn wir lernen wollen, wie man Fußball wie Maradona oder Pele spielt, gehen wir dann in einen Buchladen oder kaufen uns Bücher über deren Leben? Wir kaufen uns einfach DVDs und schauen uns deren Spiele an. Wir schauen uns diese legendären Spieler in ihren wichtigsten Begegnungen an, sind von ihren Spielzügen gebannt und können es immer noch kaum glauben. Es ist die Magie dieser Spieler, die uns seit Generationen fasziniert. Wenn Sie ein erfolgreicher Fußballspieler werden wollen, müssen Sie sich DVDs der besten Fußballspieler anschauen. Warum also nicht das gleiche beim Devisenhandel tun? Der CFD Handel ist nicht schwierig, wenn Sie richtig an die Hand genommen werden. Sie sollten sich an erfahrene Händler wenden, damit diese Sie in den Markt einweisen. Das heißt aber nicht, dass Sie, nur weil Sie sich an diese erfahrenen Händler wenden, zu Unmengen Geld kommen werden. Sie müssen auf jegliche Art und Weise hart dafür arbeiten. Ohne Beharrlichkeit und starke Hingabe hat niemand in dieser Welt der Finanzen Erfolg.

Die Profi-Händler sind die klügsten Menschen in die Branche, welche Ihnen aufgrund ihrer Lebenserfahrung gute Ratschläge geben können. Sie kennen jeden Anfängerfehler, wissen, wann bei den Menschen die Gier erwacht und wann diese zum Schluss kommen, dass der Devisenhandel einfach nichts für sie ist. Sie kennen dies, weil sie genauso wie wir waren. Sie können Ihren Studienkollegen vorgaukeln, dass Sie gestern krank waren. Aber Sie können Ihren Unidozenten nicht damit täuschen. Wenn Sie wirklich daran Interesse haben, Ihre Karriere voranzutreiben und einen Vorsprung von Millionen von anderen Händlern zu haben, sollten Sie sich von diesen Profis ausbilden lassen.

Aber das kostet Geld, oder?
Was haben Sie erwartet? Sie suchen sie auf und sie machen es umsonst? Willkommen in der wahren Welt. Sie müssen das uralte Konzept des Gebens und Nehmens verstehen. Sie müssen ihr Geld investieren und es ihnen geben, um an deren Erfahrung und Strategien teilhaben zu können. In Bildung zu investieren, ist etwas, an dem man nicht sparen sollte. Ihre Handelsergebnisse werden sich schnell verbessern. Sie werden dramatische Unterschiede sehen, wenn Sie professionell ausgebildet worden sind. Seine Sie kein Geizhals. Investieren Sie Ihr Geld, um professionell für den Forex Handel ausgebildet zu werden. Ein einzig, bezahlter Trading-Kurs wird Ihnen eine riesige Menge Geld sparen. Wenn Sie das Handwerk des Tradings nicht erlernen, werden Sie am Ende des Tages mehr Geld verlieren, als ein bezahlter Trading-Kurs gekostet hätte.

Fazit: Wenn Sie Ihrer Karriere in der Finanzbrache einen Kick geben möchten, sollten Sie über einen bezahlten Lernkurs bei einem der Profis nachdenken. Dieser wird Ihnen dabei behilflich sein, Ihre Gedanken und Ideen über diesen Markt zu ordnen. Viel zu lesen und wissbegierig zu sein, ist ein wesentlicher Teil dessen, um zu einem erfolgreichen Trader zu werden.

Warum sollte man den Forex Handel von den Profis lernen

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Importanza del Candeliere e della Sequenza di Fibonacci durante il trading con Criptovaluta

Chiunque investa in criptovaluta nel trading dovrebbe sapere cosa sono i candelieri e la sequenza di Fibonacci per diventare un trader di successo. Secondo Claudio Autiero questi due elementi, quando implementati, hanno la capacità di aumentare il tasso dei profitti.

Analisi del Candeliere

I candelieri sono una delle metodologie più importanti per tenere traccia del comportamento del mercato e del percorso da seguire. Introdotta in Giappone, questa metodologia è ora utilizzata in tutto il mondo in quanto rivela più cose riguardo il mercato della criptovaluta. Il corpo del candeliere indica l'apertura e la chiusura e le candele indicano gli alti e i bassi. Come dice l'esperto di criptovalute Claudio Autiero, i modelli e le formazioni dei candelieri sono affidabili e aiutano a decidere quando acquistare e vendere criptovalute. L'analisi del candeliere a 4 ore o a tempi più lunghi fornisce segnali più forti.

 Marubozu
Il candeliere Marubozu indica che i venditori (o acquirenti) hanno controllato tutto il tempo. I candelieri hanno grandi corpi con micce piccole o con nessuna miccia. Quando la posizione di chiusura è notevolmente alta alla fine del periodo, è molto probabile che il prezzo aumenterà. Il fondo del candeliere di un Marubozu rialzista funge da supporto, mentre la parte superiore del candeliere di un Marubozo ribassista agisce da resistenza.

 Doji
Il modello Doji ha molte varianti. Se il Doji viene osservato vicino al livello di supporto o di resistenza, allora c'è una grande probabilità di inversione. È importante conoscere la posizione di un candelabro Doji sul grafico. Studiando il Doji con l'azione del prezzo precedente, è possibile raccogliere ulteriori informazioni sul mercato. La sua funzione principale è identificare l'endpoint della tendenza attuale.

Altri modelli di candelabri come l'"Hammer" sono usati per scovare inversioni. Il "Morning Star" o il modello multi-candelabro è sia rialzista che ribassista. Ogni candelabro fornisce informazioni su apertura e chiusura e su prezzo alto e basso entro il termine specificato.

La sequenza di Fibonacci
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, ..., ∞
Questa è la sequenza di Fibonacci dove la differenza comune è di circa 1.618 o il Golden Ratio. La sequenza di Fibonacci è utilizzata per capire dove acquistare la nuova tendenza una volta che la tendenza è stata stabilita. I livelli frattuali sono utili per identificare il punto basso swing e il punto alto swing. È anche importante identificare il punto esatto in cui la tendenza potrebbe invertirsi. I livelli di ritracciamento servono come punti di ingresso, mentre i livelli di estensione sono i punti di uscita. Interpretando correttamente la sequenza di Fibonacci, è possibile spendere meno bitcoin e tuttavia acquistare gli elementi necessari. Archi, ritracciamenti, fan, estensioni e zone temporali sono cinque tipi di strumenti di trading basati sulla sequenza di Fibonacci.

I candelieri sono i migliori nell'identificare quando acquistare o vendere criptovalute. La sequenza di Fibonacci è di solito utilizzata dopo un breakout.

Importanza del Candeliere e della Sequenza di Fibonacci durante il trading con Criptovaluta

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Weekly Trading Forecasts for Major Pairs (September 11 - 15, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The pair went upwards last week, gaining about 200 pips. Price moved briefly above the resistance line at 1.2050, and then closed below it on Friday. There is a strong bullish outlook on EUR pairs this week, and therefore, the pair is supposed to continue to go upwards, gaining at least, another 200 pips. There would be pauses and occasional corrections along the way, but the movement this week would generally be bullish.

USDCHF
Dominant bias: Bearish
USDCHF is bearish, both in the long-term and the short-term. Price went downwards by 150 pips, tested and breached the resistance level at 0.9450. The pair is now under the resistance level at 0.9450, targeting the support levels at 0.9400, 0.9350 and 0.9300. USDCHF cannot be expected to rally meaningfully as long as EURUSD is strong. Therefore, the bias is bearish for this week, and long trades are not currently rational.

GBPUSD
Dominant bias: Bullish
GBPUSD has become bullish after rallying by more than 280 pips last week, testing the distribution territory at 1.3200, and closing slightly below it. There is a Bullish Confirmation Pattern in the market and price is thus expected to continue going upwards this week, reaching the distribution territories 1.3250, 1.3300 and 1.3350. These distribution territories may even be exceeded as price moves further upwards.

USDJPY
Dominant bias: Bearish
This currency trading instrument dropped about 210 pips last week, testing the demand level at 107.50 and closing above it. Since the high of July 11, price has dropped 660 pips and there is much room to drop more. Nonetheless, the outlook on JPY pairs is bullish for this week, and while the demand levels at 107.00, 106.50 and 106.00 could be reached, there is also a high possibility of a strong rally before the end of the week.

EURJPY
Dominant bias: Neutral
Unlike USDJPY, this cross rather consolidated last week, refusing to assume a bearish movement. One reason behind this is the fact that EUR is strong in its own right and its strength versus strength of JPY are almost equal (hence the short-term equilibrium phase in the market). Price is going to move out of balance this week, as JPY becomes weaker eventually, allowing this cross to rally massive before the end of the week.

GBPJPY
Dominant bias: Bearish
This trading instrument is bearish in the long-term, but neutral in the short-term. Price has done nothing except to zigzag upwards and downward. The market environment is quite choppy and it would be better to wait until it either goes above the supply zone at 142.60 (staying above it); or it goes the demand zone at 141.10 (staying below it). Until one of these two conditions are met, price would remain directionless in the short-term. The most probable direction this week is towards the north.


This forecast is concluded with the quote below:

“How often you win isn’t important. How much you win is.” – Rayner Teo

Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (September 11 - 15, 2017)

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