InvestMacro

By Alpari.com

By Alpari.com

If you cannot relax while performing in the Forex markets, your trades will be random. Then you will fail to control the positions of the trades. The entry and exits will be inefficient according to the market conditions. On the other hand, you cannot ensure safe money management for the trades. This will reduce the profit potentials of the trades. Even worse for a rookie trader, the potential loss will be very high for him. Therefore, he will become more desperate for gaining profits. With this attitude, you can only last for a very small period in the Forex markets. When you are not securing the investment and the positions of the trades, you will experience frequent losers. Therefore, relaxing is necessary to take effective decisions for the trades. This article will provide a few important procedures for maintaining patience in the business.

To ensure quality performance in the markets of Forex, you will need an effective strategy. And you must consider the influence which provides appropriate ideas for relaxing your mentality. Use the following discussions and improve your strategies for securing the investment. Then focus on the execution process of the trades. Thus, you will be safe and secured with the career.

Do not aim for high profits

When you are aiming for high-profit margins, your mind will be desperate for it. For a rookie trader, executing trades will be a paranoia. Because he might not have enough ideas to secure the investment in the business. At the same time, you will also have very low ideas for securing the positions of the trades with an effective market analysis. Therefore, you cannot assure constructive performance. That is why the profit targets must be small while you are trading as a rookie. Think of effective procedures and try to control the trades.

If you can assure a profitable execution of the trades, simple change in the plans will help you gain high profits. But before managing it, you will need proper skills and strategy to develop. That is why you must relax and try to develop the procedures with the Forex trading demo app. Remember, demo accounts offer the perfect environment to master the skills.

Ensure appropriate analysis

When the trades will be uncontrolled, you will have high tensions of losing capital. This will not help to relax while participating in the Forex markets. Instead, your mind will be highly unstable while participating in the markets. At the same time, frustration and regrets will increase with potential losses. Therefore, you will fail to handle good quality performance in the business. As a result, your profession will return high potential losses consistently from the participations.so, you must use appropriate strategies to find suitable setups for the trades.

Use a simple plan to gain a decent amount of profits. Consider the policy while you are planning for the risk to reward ratio. Then you can perform efficiently and with relaxation. Moreover, you can also maintain an effective market analysis for understanding the volatility. This will help you to find suitable positions for the trades. And you can also assure safe stop-loss, take-profit for the trades.

Improve the edge consistently

When you are running a trading business, you will experience different market conditions. Moreover, your mind must be educated with almost every necessary aspect of executing trades safely. For a rookie trader, the majority of the procedures will be hard. You must learn about them gradually but without dedication yourself to learning about an efficient system, it is not possible. Therefore, you must have the mindset to improve the edge consistently. With appropriate notes and rules, you must refine the performance.

Use a trading journal to write down the rules and procedures of executing trades. On the other hand, include valuable charts and experiences in it to improve your strategies. It will be constructive for a profitable career. And you can also gain consistent profits from the trades without losing too much capital.

By Waqas Ashraf

If you want to survive in the Forex market, ask yourself about the trading plans. Alongside them, you will also need to organize the strategy to ensure a quality trade execution. The management of the trades is possible only when a trader is focused on the process. Therefore, the system must be managed based on logics. All necessary procedures must be organized for a quality trade execution. Then with the necessary improvement of your trading ideas, you must prepare a strong execution plan. It will also indicate the improvement of the technical analysis to ensure quality performance. Most importantly, it will help the naïve Aussie traders to manage the investment business. So, you must create a perfect plan to define the most efficient experience in Forex market.

This article is dedicated to the idea of managing a quality trade execution. If you want to improve your trading edge and to manage a decent profit potential without losing too much, the following discussions will help you to manage that. There will be some important information provided in this article which is very influential for a safe and secure trading experience.

You will need patience in trading

To develop your trading edge for a safe experience in Forex, you must increase your patience. It is very vital for the improvement of the system. At the same time, you will also understand the markets properly. Therefore, your analysis will be correct for a suitable trade setup. Moreover, you can also secure the positions of the trades with proper caution. Thus, you will be safe in the currency trading industry. As we have mentioned, the safety of the trading capital should be the main concern of a rookie trader.

So, start thinking about the actual execution process and reduce your tension of making profits. Then increase efficiency by decent patience in your trading mind. Thus, you can focus on the improvement of the CFD trading edge to ensure a safe and secure trading career in the markets. Within a very short amount of time, you can manage a decent profit potential from the trades regularly.

Safety should be the main concern

The safety concern of the capital should be the main target of a trader. For a rookie trader, there should be nothing else to care about other than securing the investment. Thus, you can save yourself from losing too much. At the same time, you can also prepare a strong trading edge. With low-risk exposures, you will execute every trade correctly. Then the trading mind will be relaxed in the process. From there, you can easily manage a decent profit with effective market analysis and positioning of the trades. So, care about the security of the account balance. Then think of a strategic plan which will reduce the risk factors.

After making up your mind, try to participate in the Forex markets. Otherwise, any lucrative trade signal will reduce the profit potential of your trades. At the same time, you will also experience high potential loss from the executions.

Take time to improve the skills

When you will need a developed edge, it is important to think of the skills because without having efficient skills, you cannot reduce the risk exposures of the trades. At the same time, you can also lose control over the position of the trades. Thus, you can easily reduce the chance of making a profit from individual trades. Therefore a trader must focus on the skills while participating in the demo platform. Then you can prepare a strong trading edge which will be efficient for your profession.

You can secure the investment as well as manage a decent profit potential. Most importantly, your mind can perform consistently when the skills are developed. So, focus on the improvement of the trading plans and then try to get into the real markets for some decent profit potentials.

By Waqas Ashraf

By TheTechnicalTraders.com

As holiday trading sets up in the global markets, the SPY is starting to show signs of volatility and warning of a potential top by gapping as price attempts to trade sideways.  This type of top formation, along with the fact that the overnight REPO facility continues to roil the markets, continues to draw our researchers to the conclusion that some type of debt or liquidity issue is just below the surface of the global markets.

We believe the topping formation in the SPY may be a sign that the holiday trading, normally spanning from just before Thanksgiving to sometime after January 10^th or 15^th, may prompt a very volatile price rotation in the global markets.  The lack of liquidity in the market at this time often leads to fairly narrow ranges in price.  Yet we are seeing volatility continue to stay somewhat high at this time and the REPO issue hangs over the heads of nearly every investor at this time.

One of our friends, an ex-Chicago floor trader, wrote to us just a few days ago suggesting he was receiving phone calls from many friends and associates in the US and overseas about the REPO issue.  We believe this issue is now taking root as a concern for global investors and could become a major issue for the markets going forward into 2020.  Our friend’s suggestion was to “buy gold and to pair back equity positions”.

This SPY Daily chart highlights the GAPS in price that has our research team concerned. A breakdown below $308 would qualify as a new Bearish Price Trend.  If the most recent gap is filled to the downside, the price may begin to accelerate lower, confirming our analysis.

On the flip side of that scenario, is a breakout above $315 that can hold for a couple of days or into the end of the week. That would trigger a new uptrend and possibly a Santa Rally.

This Weekly YM chart highlights the Hangman pattern set up last week with a very long lower wick.  This pattern set up at the price high is very indicative of a topping formation.  The fact that it set up just below the GREEN Bullish Price Trigger level near $28,175 suggests this level is acting as resistance.  A breakdown in price near this level could prompt a move to levels below 26,000.

Traders need to stay cautious over the next 5+ weeks as the lack of volatility in the market may prompt some very big price moves.  We believe the REPO issue may have some legs in the future and we believe a rotation may begin before Christmas 2019.

If liquidity continues to diminish, a flash crash type of event would not be uncommon.  We believe there are serious risks of a downward price rotation in the works and urge our followers and members to prepare for unknown risks over the next 5+ weeks.

Normal trading volume will not likely start to pick back up till after January 15^th.  We have at least 4+ weeks of unknowns to contend with in a very illiquid market. We are going to trade with the short term market trends and be agile going into the new year.

S&P 500 & BOND TREND – DECEMBER 13

The stock market was setting up a topping pattern the past couple weeks but that has now been negated. The charts/technicals are bullish and so are we it’s that simple really.

Yesterday more chatter of tariffs and other news sparked a strong equities rally at the open bell which sent stocks sharply higher while bonds corrected. With yesterday’s S&P 500 hitting new highs after a fear-based correction two weeks ago the market is now back in rally mode and should have enough energy to sustain a rally into the year-end.

While we trade based on technical analysis, there will be days when news hitting the market and causes some large moves on the same day we have technical buy or sell signals. Like yesterday, for example, The past couple of trading sessions we have been talking about how the S&P 500 has to hie new highs to kick things back into a new uptrend after the previous week’s price correction. Yesterday, the SP500 broke to new highs, while bonds broke down triggering a new breakout rally in stocks. Sure there was news to help push price higher but none the less all our analysis has confirmed for the buy trigger.

We touch on other markets or news from time to time but we do not take any of the news into consideration for our trades. While there are many warning signs out there pointing to dark times ahead for the financial markets like the Repo market and many others, the reality is we follow the price, not the news. The market is climbing a wall of worry among educated traders and investors, and that’s what the market does best and we can’t fight it. Eventually, the price will turn down for a mega bear market and we will be there to profit from it, until then we ride the fearful rally higher.

Chris Vermeulen

TheTechnicalTraders.com

By George Prior

Boris Johnson faces an uphill battle to recover more than three and a half years of lost business investment and confidence, warns the CEO of one of the world’s largest independent financial advisory organizations.

The warning from Nigel Green, founder and chief executive of deVere Group, comes after Mr Johnson’s Conservative party secured an emphatic win with a pledge to ‘get Brexit done’ in the UK’s general election.

Investors welcomed the news. The markets jumped and the pound experienced its biggest rally in almost three years.

Mr Green says: “With a clear majority in the House of Commons, the grinding parliamentary Brexit deadlock that has had a stranglehold over the UK will finally come to an end.

“There is now a clear mandate for Britain to leave the EU with Mr Johnson’s deal on January 31.

“The lifting of some of the crippling uncertainty has been welcomed by the markets, the pound and business.”

He continues: “However, now that Mr Johnson has this ‘powerful mandate’, he must use the momentum and immediately begin to recover the more than three and a half lost years of business investment and confidence that the Brexit saga created.

“The Prime Minister and his new government need to do two things as a matter of urgency.

“First, they must set out firm and unequivocal assurances around a no-deal Brexit for the end of 2020. After the passing of the Withdrawal Agreement, they have a tight, 11-month deadline to secure a deal. As such, the UK could still leave the EU without a deal if trade negotiations are not concluded in a timely and successful manner.

“Another cliff-edge of no-deal Brexit would serve as another hammer blow for investment and economic growth.

“Second, Mr Johnson’s administration must actively seek to implement pro-business policies sooner rather than later to stoke enterprise and investment.”

Mr Green goes on to add: “Brexit has cost Britain many tens of billions of pounds. Brexit has inflicted reputational damage on the UK on a monumental scale, which has created unprecedented uncertainty and impacted economic and social progress.

“Now that haemorrhaging of opportunity and money must end.”

The deVere CEO concludes: “The parliamentary paralysis might have ended but the Brexit process hasn’t.  Now the hard work begins.

“For Boris Johnson to maintain the election bounce, he must act quickly and decisively to keep uncertainty at bay. There is much at stake.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After forming a continuation pattern around 1.1111 and breaking 1.1153, EURUSD has almost reached the short-term upside target at 1.1098. Possibly, today the pair may consolidate around 1.1180 and expand this range both upwards and downwards, 1.1200 and 1.1155 respectively. If later the price breaks this range to the upside, the market may resume moving upwards with the key target at 1.1236 if to the downside – start a new correction to reach 1.1111.

GBPUSD, “Great Britain Pound vs US Dollar”

After rebounding from 1.3050 and breaking 1.3225, GBPUSD has almost reached the short-term target of the third ascending wave at 1.3488. Today, the pair may consolidate around this level. If later the price breaks this range to the downside at 1.3420, the market may start a new correction to reach 1.3333; if to the upside at 1.3511 – expand the range towards 1.3539 and then resume moving downwards with the target at 1.3200.

USDCHF, “US Dollar vs Swiss Franc”

After reaching the downside target at 0.9808, USDCHF has formed the ascending impulse towards 0.9870; right now, it is consolidating around 0.9845. Possibly, today the pair may expand this range both downwards and upwards, 0.9820 and 0.9880 respectively. If later the price breaks this range to the upside, the market may start another correction with the target at 0.9916; if to the downside – form a new descending structure to reach 0.9777.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 109.00; right now, it is still growing towards 109.77. Today, the pair may reach 109.70 and then start a new correction towards 109.40, at least. After that, the instrument may form one more ascending structure to reach to 109.77.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the short-term upside target at 0.6916; right now, it is consolidating at the top. Possibly, the pair may fall to reach 0.6878 (at least) and then resume moving upwards with the key upside target at 0.6962.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the short-term downside target at 62.75. Possibly, today the pair may consolidate near the lows. If later the price breaks this range to the downside at 62.60, the market may continue trading inside the downtrend towards 62.22; if to the upside at 62.80 – start a new correction with the target at 63.25 and then resume trading inside the downtrend.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is moving downwards with the target at 1.3140. Today, the pair may reach 1.3147 and then form one more ascending structure towards 1.3200. Later, the market may resume moving downwards to reach the above-mentioned target.

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending wave at 1486.60 along with the descending impulse at 1468.60; right now, it is consolidating around the latter level. The main scenario implies that the price may form a new descending structure towards 1458.20 and then resume moving upwards to return to 1468.60. Later, the market may start another decline with the target at 1444.00.

BRENT

Brent has finished the ascending impulse at 65.15; right now, it is correcting downwards to reach 64.30. After that, the market may start a new growth with the short-term target at 65.90.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is without any particular direction. According to the main scenario, the price is expected to fall towards 7000.00 and then resume moving upwards with the target at 7600.00.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By George Prior

Expect the British pound to soar above predictions to $1.40, billions of pent up business investment to be unleashed to boost the UK economy, and the FTSE 100 to open stronger before paring back, as Boris Johnson’s Conservatives secure an impressive majority in the UK general election.

But there are many serious challenges ahead, warned the CEO of one of the world’s largest independent financial advisory organizations.

Nigel Green, chief executive and founder of deVere Group, comments: “The pound has enjoyed its biggest surge in a decade on the hopes that a solid Conservative majority can finally end the Brexit deadlock.

“Many traders were caught off guard by the size of the majority and this may push the pound even higher than previous predictions. We could see bullish traders now take it to $1.38 or maybe even as high as $1.40.”

He continues: “With more political certainty due to the large majority, the UK economy is also likely to receive an election bounce.

“Billions of pounds in business investment that has been on the sidelines due to the parliamentary paralysis is now ready to be unleashed. This will give a much-needed boost the slowing British economy.”

He goes on to add: “The UK’s FTSE 100 will open higher on Friday morning. However, this is likely to be a positive knee-jerk reaction, with some gains likely to be given up throughout the day as most FTSE companies earn in dollars and the pound is stronger.”

The deVere CEO also offers a cautionary caveat: “It now looks more likely that Boris Johnson will indeed be able to ‘get Brexit done.’

“His party’s large majority in the Commons helps him pass his Brexit deal and it gives him more political sway when negotiating the UK’s future relationship with the EU and reducing the risk of no-deal at the end of 2020.

“However, there’s still a long way to go. Mr Johnson’s self-imposed end of December 2020 deadline is a mammoth challenge, and a no-deal Brexit is still possible on January 1 2021.

He adds: “The result election also puts a question mark over Scotland’s future in the United Kingdom. The SNP’s gains will embolden them in their key aim of securing Scottish independence.

“Mr Johnson’s monumental task to deliver Brexit with a deal and the Scotland issue will continue to fuel uncertainty in 2020.”

Mr Green concludes: “Boris Johnson’s election gamble has paid off.  Christmas has come early for the pound, the British economy and UK financial assets.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, BTCUSD is trading at 61.8% fibo; this movement may be described as a short-term correction. After completing it, the pair may resume falling towards the target at 76.0% (5700.00). At the same time, there is a convergence on MACD, which may indicate a more significant correction after the price reaches the target. The key mid-term downside target is the low at 3121.90. The resistance is 50.0% fibo at 8490.00.

The H4 chart shows more detailed structure of the current local correction. By now, the pair has managed to reach 23.6% fibo; at the moment, the price is trading close to this level. The next rising impulse may later continue towards 38.2% and 50.0% fibo at 8050.00 and 8526.50 respectively. If the price breaks the local support at 6525.00, the correction will be over.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, the downtrend has reached 76.0% fibo; right now, ETHUSD is correcting. The resistance is 61.8% fibo at 189.00. After completing this short-term pullback, the instrument may continue falling towards the post-correctional extension area between 138.2 and 161.8% fibo at 134.50 and 123.70 respectively.

The H4 chart shows more detailed structure of the current correction, which has already reached 38.2% fibo. Right now, the price is trading towards the low at 132.02. However, in the future the instrument may yet resume growing to reach 50.0% fibo at 165.47.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By Alpari.com

By Alpari.com

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.11289
• Open: 1.11501
• % chg. over the last day: +0.48
• Day’s range: 1.11369 – 1.11992
• 52 wk range: 1.0884 – 1.1623

The EUR/USD currency pair continues to show positive dynamics. EUR updated key extremes. Quotes are currently being consolidated. The trading tool found resistance at 1.11900. 1.11450 is already a mirror support. The ECB, as expected, kept the basic parameters of monetary policy at the same level. The mood of financial market participants improved amid positive news about the conclusion of the first stage of a trade agreement between Washington and Beijing. We recommend you to keep track of current information on this issue. Open positions from key levels.

At 15:30 (GMT+2:00), a report on US retail sales will be published.

The price has fixed above 50 MA and 100 MA, which signals the power of buyers.

The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates bullish sentiment.

Trading recommendations

• Support levels: 1.11450, 1.11100, 1.10900
• Resistance levels: 1.11900, 1.12300

If the price consolidates above the resistance level of 1.11900, expect further growth toward 1.12200-1.12400.

Alternatively, the quotes could drop toward 1.11200-1.11000.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.31964
• Open: 1.33362
• % chg. over the last day: +2.11
• Day’s range: 1.33362 – 1.35147
• 52 wk range: 1.1959 – 1.3385

The GBP/USD currency pair is showing aggressive purchases. GBP has updated annual highs against the greenback. According to exit polls, the conservative party of Boris Johnson showed a landslide victory in the election. Currently, GBP/USD quotes are consolidating. The local support and resistance levels are 1.33400 and 1.34500, respectively. The trading instrument has the potential for further growth. We recommend opening positions from key levels.

The Economic News Feed for 13.12.2019 is calm.

Indicators point to the power of buyers: the price is being traded above 50 MA and 100 MA.

The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy GBP/USD.

The Stochastic Oscillator is near the oversold zone, the %K line crossed the %D line. There are no signals at this time.

Trading recommendations

• Support levels: 1.33400, 1.32300, 1.31650
• Resistance levels: 1.34500, 1.35150

If the price consolidates above 1.34500, expect further growth toward 1.35250-1.35750.

Alternatively, the quotes could descend toward 1.32600-1.32300.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.31723
• Open: 1.31830
• % chg. over the last day: +0.04
• Day’s range: 1.31507 – 1.31835
• 52 wk range: 1.2727 – 1.3664

The USD/CAD currency pair is still dominated by a bearish sentiment. At the moment, quotes are testing key lows. Demand for CAD is supported by the positive dynamics of oil prices. The local support and resistance levels are: 1.31500 and 1.31750, respectively. The Canadian dollar has the potential for further growth relative to the US currency. Open positions from key levels.

The Economic News Feed for 13.12.2019 is calm.

Indicators point to the power of sellers: the price is being traded below 50 MA and 100 MA.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/CAD.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which also indicates a bearish sentiment.

Trading recommendations

• Support levels: 1.31500, 1.31200
• Resistance levels: 1.31750, 1.32000, 1.32250

If the price consolidates below 1.31500, expect the quotes to descend toward 1.31200-1.31000

Alternatively, the quotes could correct toward 1.32000-1.32200.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 108.550
• Open: 109.197
• % chg. over the last day: +0.78
• Day’s range: 109.131 – 109.678
• 52 wk range: 104.97 – 114.56

The USD/JPY currency pair is showing a steady uptrend. The trading tool has updated local highs. Demand for the safe haven currencies weakened amid positive news about the conclusion of the first phase of a trade agreement between Washington and Beijing. At the moment, USD/JPY quotes are consolidating in the range 109.400-109.700. We recommend that you pay attention to the dynamics of yield on US government bonds. Open positions from key levels.

Some controversial economic releases from Japan were published in the Asian trading session.

Indicators point to the strength of buyers: the price has fixed above 50 MA and 100 MA.

The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD/JPY.

The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no exact signals.

Trading recommendations

• Support levels: 109.400, 109.200, 108.950
• Resistance levels: 109.700, 110.000

If the price consolidates above 109.700, expect the quotes to rise toward 110.000-110.200.

Alternatively, the quotes could descend toward 109.200-109.000.

by JustForex