Forex System

Forex System


Free Forex Signals available in VIP Signals Channel on Telegram with 85% accuracy

Posted: 09 Nov 2021 12:46 AM PST




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US Dollar Hit as Treasury Yields Fall. Fed Warns of Risky Asset Price, Will USD Rally?

Posted: 09 Nov 2021 12:24 AM PST



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US Dollar, Treasury Yields, USD, Federal Reserve, S&P 500 – Talking Points

  • The US Dollar slipped with yields as Fed leadership change bets slightly rise
  • APAC equities and currencies were mixed with Japanese Yen outperforming
  • The Fed warned on the prices of risky assets,will USD resume its uptrend?

The US Dollar lost ground today on news that Federal Reserve Governor, Lael Brainard, was interviewed for the top job at the central bank. She is seen as more dovish than current Chair Jerome Powell. Moreover, this likely came as a surprise to markets, creating cautious uncertainty. Treasury yields softened as a result with US 10-year yields remaining below 1.50%.

Lower rates helped US equities hit another record high. The S&P 500 printed 8 straight sessions of positive gains. The best run of successive green days since 2017.

While the stock market was cheering, the Federal Reserve released their Financial Stability Report. Within their framework, they were not too concerned about borrowing by businesses and households, leverage in the financial sector or funding risks for domestic banks.

However, they did express a warning in the report on the prices of risky assets. Even allowing for low Treasury yields, they still see assets at high prices and that 'asset prices are vulnerable to significant decline should risk appetite fall.'

The Chinese property sector also got a mention due to the size of the market and the linkages to the global economy.

APAC equities were mixed with the PBOC adding liquidity to help China and Hong Kong move slightly firmer. Australia and Japan stocks were a bit weaker.

The Australian Dollar was the underperformer on the day while the Japanese Yen found support

Looking ahead, US PPI data will be released and Federal Reserve Chair, Jerome Powell, is scheduled to speak at a joint Fed, ECB and BoC diversity conference.

US Dollar (DXY) Technical Analysis

The US Dollar, as represented by the USD Index (DXY), has moved lower over the last few session but remains within an ascending channel. The lower bound of the channel currently coincides with the 55-day simple moving average (SMA) at 93.463 and could provide support.

Recent lows at 93.818, 93.278 and 91.947 may see support. The later is also near the 200-day SMA, currently at 92.078.

On the topside, previous highs at 94.620 and 94.742 are potential resistance levels.

US DOLLAR CHART

Chart created in TradingView

— Written by Daniel McCarthy, Strategist for DailyFX.com

To contact Daniel, use the comments section below or @DanMcCathyFX on Twitter




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From Start To Profit | Forex Trader Motivation

Posted: 08 Nov 2021 11:45 PM PST




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3 Entry Strategies To Try

Posted: 08 Nov 2021 11:23 PM PST



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What is a forex entry point?

A forex entry point is the level or price at which a trader enters into a trade (buy/sell). Deciding on a forex entry point can be complex for traders because of the abundance of variable inputs that move the forex market. This article will cover how to enter a forex trade and outline the following entry strategies:

  • Trend channels
  • Breakouts
  • Candlestick patterns

When is the best time to enter a forex trade?

The best time to enter a forex trade depends on the strategy and style of trading. There are several different approaches and the three discussed below are popular approaches and are not meant to be all of the methods available. Join the DailyFX analysts on webinars to see how each of them approaches the market.

best entry point for forex trading

Discover the benefits of using entry orders in forex trading

Forex Entry Strategy #1

Trend channels

Trendlines are fundamental tools used by technical analysts to identify support and resistance levels. In the example below, the price shows a clear higher high and higher low movement indicating a prominent uptrend. This enables to determine a trading bias of buying at support and taking profit at resistance (see chart below). Once price breaks these key levels of support and resistance, traders should then be aware of a potential breakout or reversal in trend.

Forex entry strategy based on trend channels, weekly USD/ZAR chart:

forex entry points based on trend channels

Forex Entry Strategy #2

Candlestick patterns

Candlestick patterns are powerful tools used by traders to look for entry points and signals for forex. Patterns such as the engulfing and the shooting star are frequently used by experienced traders. In the example below, the hammer candlestick pattern can be seen as a reversal trigger entry point on EUR/USD.

Identifying the hammer or any other candlestick pattern does not confirm an entry point into the trade. Entry points are just as important as identifying the candlestick pattern. Entry points further validate the candlestick pattern therefore, risking less and giving traders a higher probability of success.

Hammer candlestick pattern trade entry, daily EUR/USD chart:

forex entry points based on candlestick patterns

As you can see on the chart, the hammer formation is circled in blue. It is known that the hammer signals potential reversals however, without some form of confirmation the pattern may indicate a false signal. In this case, the entry has been identified after a confirmation close higher than the close of the hammer candle. This gives a stronger upward bias to the trader and endorsement of the hammer candlestick pattern.

Traders often look for multiple signs of trade validation such as indicators in conjunction with candlestick patterns, price action and news but for the purpose of this article we have isolated different strategies into their component parts for simplicity.

Forex Entry Strategy #3

Breakouts

Using breakouts as entry signals is one of the most utilised trade entry tools by traders. Breakout trading involves identifying key levels and using these as markers to enter trades. Price action expertise is key to successfully using breakout strategies. The basis of breakout trading comprises forex prices moving beyond a demarcated level of support or resistance.

Due to the simplicity of this strategy, breakout entry points are suitable for novice traders. The example below shows a key level of support (red), after which a breakout occurs along with increased volume which further supports the move to the downside. Entry is prompted by a simple break of support. In other cases, traders look for a confirmation candle close outside of the delineated key level.

Forex entry strategy based on breakouts, daily USD/JPY chart:

forex entry points based on breakouts

Popular Forex Entry Indicators

The most popular forex entry indicators tie in with the trading strategy adopted. Indicators are regularly used as support for the aforementioned entry strategies.

The table below illustrates some of the best forex entry indicators as well as how they are used:

ENTRY INDICATOR

USE

RSI

Identifies overbought and oversold signals. Most effective within range bound and trending markets.

Moving Average (MA) crossover

Using multiple MA's, traders look for crossovers between short and long periods to generate entry signals.

MACD

Works best in range or trending markets. Taking MACD crossover points in direction of the existing trend.

Check out 4 of the most effective trading indicators that every trader should know.

Forex Entry Strategies: A Summary




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Forex Account 100% Profit In Just Few Hour | Special Forex Gap Strategy in Hindi Urdu By Tani Forex

Posted: 08 Nov 2021 10:43 PM PST




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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

Posted: 08 Nov 2021 10:22 PM PST



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Canadian Dollar, CAD, USD/CAD, CAD/JPY, EUR/CAD Talking Points:

  • USD/CAD continues to build in a bullish manner short-term, but a major spot of resistance lies ahead.
  • CAD/JPY has pulled back from the six-year-highs set last month, and currently shows a bull flag formation with a big spot of support nearing.
  • EUR/CAD may have some bullish breakout potential as bulls have been persistently pushing to resistance at 1.4435.
  • The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.

After a really strong month of October, the Canadian Dollar has taken a break so far in November, showing weakness against all of the US Dollar, the Japanese Yen and even the Euro.

In USD/CAD, the pair has pulled back to test resistance at the 50% marker of the June-August bullish move. This showed up after October trade highlighted a falling wedge formation building in the middle of the month as sellers were slowing their approach around the 1.2300 level. As of this writing, there is some short term bullish continuation potential given the hold of higher-low support around prior resistance, but the next 150 pips higher in USD/CAD sees a number of resistance levels coming into play starting with the 1.2500 psychological level.

USD/CAD Four-Hour Price Chart

USDCAD Price Chart

Chart prepared by James Stanley; USDCAD on Tradingview

CAD/JPY

CAD/JPY was a high-flyer in early Q4 trade as there was a potent macro combo pushing both sides of the pair. On the CAD front, higher oil prices were helping to keep the currency strong and for the Yen, higher rates were spelling for more Yen-weakness, which led to a strong topside push up to a fresh six-year-high.

But, after topping on October 21st, the pair has continued to pullback and this morning marks a fresh multi-week low in the pair. There is a big support level a little lower, around the 90 handle which is confluent with a couple of Fibonacci retracements around 90.25.

For those looking for CAD-strength, this may be a more attractive venue than USD and there's a bull flag formation brewing on the below Daily chart.

CAD/JPY Daily Chart

CADJPY Price Chart

Chart prepared by James Stanley; CADJPY on Tradingview

EUR/CAD

I highlighted this pair and this setup in late-October as EUR/CAD had finally pulled back to find a bit of resistance around 1.4435. Two weeks later, price action is still testing resistance, and while this doesn't preclude the potential for bearish continuation, it does highlight a persistence from bulls that can allow for this resistance to be implemented for topside breakout approaches.

To be sure, this wouldn't be a long-term type of setup as the fundamental backdrop is seemingly at odds with bullish EUR/CAD. But, the technical setup is what it is, and sellers have had ample opportunity to push this lower over the past couple of weeks and haven't. This can keep the door open for short-term bearish CAD plays.

EUR/CAD Daily Price Chart

EURCAD Daily Price Chart

Chart prepared by James Stanley; EURCAD on Tradingview

— Written by James Stanley, Senior Strategist for DailyFX.com

Contact and follow James on Twitter: @JStanleyFX




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Institutional Client Development – Americas – Associate

Posted: 08 Nov 2021 10:19 PM PST



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Job title: Institutional Client Development – Americas – Associate

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Como Ganhar Dinheiro com Forex – Comunidade Trader

Posted: 08 Nov 2021 09:42 PM PST




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Como ganhar dinheiro no Forex: aprenda e seja financeiramente livre

O Forex nada mais é do que a negociação entre pares de moedas como o EUR/USD (Euro/Dólar Americano) e é possível movimentar várias combinações ao mesmo tempo. Libra, Dólar Canadense e Yen Japonês são algumas das opções que podem ser utilizadas. Feitas as escolhas dos pares, o trader aposta se a relação entre as duas moedas vai subir ou descer.

Como ganhar dinheiro no Forex em pouco tempo?
O trading é a maneira mais rápida e eficiente para aumentar a rentabilidade dos investimentos. Isso porque você pode separar uma parte do seu capital para fazer as operações e utilizar com inteligência a alavancagem – recurso cujo objetivo é ampliar os ganhos, sempre controlando os riscos por meio da conta margem.

O mercado de ações e o trading de divisas são um investimento que inclui o risco de perda do seu capital e nem todos podem ganhar! Mas neste artigo vamos mostrar-lhe o que precisa de fazer para aprender Como Ganhar Dinheiro com Forex!

Antes de tudo, deve saber que um profissional deve saber como ser lucrativo, e deve ainda ajustar-se a uma ou mais estratégias de trading e adaptá-las à sua personalidade e estilo de trading, sem esquecer de controlar os seus lucros e os riscos. De qualquer forma, qualquer método pode e deve ser testado antes de ser colocado em prática numa conta real de trading, forex como ganhar dinheiro,forex com pouco dinheiro,forex portugal,forex brasil,forex.

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Como Ganhar Dinheiro com Forex – Não Persiga as Vitórias Rápidas
De facto, para saber como ganhar dinheiro com Forex Trading é preciso que não opte pelo caminho mais fácil e se sinta tentado em obter lucros muito rapidamente. Este é um ponto fundamental para entender como ser lucrativo de uma forma sistemática no trading de Forex.

Uma boa maneira para começar a mudar é esquecer as metas e prioridades irreais que pode obter do trading. Obviamente, é possível que seja bastante lucrativo no espaço de duas ou três operações, obtendo lucros muito rápidos, no entanto, na realidade, o Forex Trading requer algumas análises técnicas mais elaborada para não perder seu investimento em todo.

Como Ganhar Dinheiro Como Trader – Nenhum Trader Está Sempre a Ganhar
Passo a passo, vai percebendo como ganhar com Trading no mercado de ações de forma consistente, e entender que, para ganhar no Trading não existe um sistema 100% bem-sucedido e infalível.

Obter um lucro rápido em todas as posições é simplesmente um mito urbano. Vamos discutir como ser constantemente lucrativo mas num amplo horizonte de tempo. O que diria se lhe dissermos que estamos a falar de um espaço temporal de um ano? Alguns dos traders profissionais podem ser rentáveis praticamente todos os dias, mas mesmo eles passam por períodos de perdas. Se é um mau perdedor, e particularmente sensível no que toca a perder dinheiro, tem muito a aprender.

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🕖 Timestamps
0:00 como Ganhar Dinheiro com Forex – Comunidade Trader
0:13 como ganhar dinheiro forex
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1:34 como ganhar dinheiro no mercado forex
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International Relationship Manager – Business Banking

Posted: 08 Nov 2021 09:31 PM PST



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Gold Eyes Key Resistance With Fed Bets in Focus as CPI Nears

Posted: 08 Nov 2021 09:20 PM PST



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Gold, XAU/USD, Treasury Yields, Fed Rate Hike Bets, CPI – Talking Points

  • Gold may continue post-BoE rise as Treasury yields scale back
  • US inflation data key potential risk driver for yellow metal prices
  • XAU/USD eyes bullish SMA crossover as major resistance looms

Gold prices moved higher overnight as markets weighed interest rate bets. Prices broke above the high-profile 1800 level last week after the Bank of England surprised markets by holding rates steady. Analysts and market-based measures predicted a high chance for a rate hike from the BoE. That challenged the broader market narrative across other central banks and weighed on Treasury yields in the United States.

The 10-year Treasury yield climbed overnight but failed to break above the 1.5% mark – a psychological level. The closely watched rate is fell through the Tuesday Asia-Pacific session, allowing gold to climb. Federal Reserve rate hike bets shifted to the right last week, with rate traders pricing in a less aggressive policy path. The chance for a 25 basis point hike at the June 2022 FOMC meeting fell to 45.5% on Tuesday, down from 47.4% a week ago. That was despite a better-than-expected jobs report.

The Fed's outlook is a key variable for rate-sensitive gold prices. That said, traders are focused on US inflation data due out later this week. Fed Chair Powell maintains that rising price pressures remain transitory but conceded recently that inflation has been stickier than first thought. A couple of additional months of hot inflation prints may pull rate hike bets forward, however.

The October consumer price index (CPI) will cross the wires Wednesday. Analysts expect inflation to rise 5.8% on a year-over-year basis following the 5.4% rise in September. Core inflation – which strips out volatile food and energy prices – is expected to drop at 4.3%, according to a Bloomberg survey, up from 4.0%. While a hotter-than-expected print may help boost rate hike bets, it will likely take multiple prints to significantly ramp up those bets to where they would force Treasury yields to accelerate higher. Nonetheless, a figure north of 4.3% may weigh on the yellow metal.

Gold Technical Forecast

XAU/USD prices have been on the move higher this month, with major resistance around the 1830 level. A recent crossover between the 20- and 50-day Simple Moving Averages (SMAs) saw prices rally following the bullish signal. If XAU bulls can't breach the 1830 level, a pullback to the rising 20-day SMA may be on the cards. Psychological resistance around 1800 is a possible downside target.

Gold Daily Chart

gold chart

Chart created with TradingView

— Written by Thomas Westwater, Analyst for DailyFX.com

To contact Thomas, use the comments section below or @FxWestwater on Twitter




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