Tag Archives: currencies

TUTORIAL 2 COMO USAR HOKOCLOUD PARA O NOSSO COPY TRADE

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Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets

Make Volatility and Risk Work for You with Forex Trading! “This book should be in every trader/investor’s library. As we come out of this depressed market . . . this book can be your companion, helping you avoid mistakes and enhance your trading/investment program.” —Bill M. Williams, author of Trading Chaos “Whether you’re just getting started trading the… Read More »

April 2, 2020 : EUR/USD Intraday technical analysis and trade recommendations.

Since December 30, the EURUSD pair has trended-down within the depicted bearish channel until few weeks ago, when a new low around 1.0790 was recently established where the EUR/USD pair looked OVERSOLD after such extensive bearish decline.On February 20, recent signs of bullish recovery were demonstrated around 1.0790 leading to the recent steep bullish movement towards 1.1000, 1.1175, 1.1360 and finally 1.1480 where a (123) bearish reversal pattern was initiated around.This turned the short-term technical outlook for the EURUSD pair into bearish when bearish persistence below the Keyzone of 1.1235 was maintained on a daily basis.Moreover, the mentioned intermediate-term bearish Head & Shoulders pattern has achieved all of its projection target levels.Earlier last week, the EURUSD pair has expressed significant bullish recovery around 1.1065The recent bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.0980 and 1.1075 (Fibonacci Level 50%).Key Supply-Levels in confluence with significant Fibonacci levels are located around 1.1075 (50% Fibonacci) and 1.1175 (61.8% Fibonacci) where bearish rejection was highly-expected.Moreover, a Head & Shoulders reversal pattern was being demonstrated around the price levels of 1.1075. The pattern neckline existed near the key-level around 1.1000.Further bearish movement is being…

Gold Prices Mixed As Dollar Holds Gains

Gold prices traded mixed on Thursday and the dollar held firm, as investors awaited U.S. weekly jobless claims data later in the day for an indication of the economy’s health amid mounting signs of a recession due to the worsening coronavirus outbreak. Spot gold was marginally lower at $1,590.77 per ounce, after rising 1.2 percent in the previous session. U.S. gold futures were up 0.7 percent at $1,602.15 per ounce. The U.S. Labor Department will release the report at 8:30 a.m. ET. According to analysts, the number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as many businesses face plummeting consumer demand and mandatory closures. Spain has shed close to 900,000 jobs, more than half of them temporary, since it went into lockdown in mid-March to fight the coronavirus outbreak, social security data showed earlier today as the country’s death toll surpassed China’s. Fears persist over rising Covid-19 cases, with Italy and Germany prolonging rigid lockdown measures until after Easter holiday to halt the spread of the disease. Spain reported a record 864 deaths in one day Wednesday, for a total of more than 9,000,…

Spain Unemployment Surges In March

Spain’s unemployment increased sharply in March due to the lockdown announced after the outbreak of coronavirus, or covid-19 pandemic, data from the Ministry of Labor, Migration and Social Security revealed on Thursday. The number of registered unemployment increased by 302,265, or 9.31 percent from the previous month in March. The total number of unemployed totaled 3.54 million in March. On a yearly basis, unemployment increased by 293,228 or 9.01 percent in March. Among sectors, unemployment in services increased the most, up 206,016. Unemployment rose by 59,551 in construction and by 25,194 in industry. The material has been provided by InstaForex Company – www.instaforex.com…

Trading plan for EUR/USD for April 02,2020

Technical outlook:EURUSD is still retracing and is trading around the 1.0900 levels at this point in writing. A 1H chart view has been presented today to have a closer look at potential support levels after the weekly picture seen yesterday. Overall structure looks constructive for bulls against the 1.0636 lows, with immediate upside potential towards 1.1500 resistance levels. Please note that support should come within the rectangle marked on the chart between 1.0890 and 1.0830 levels. which are also fibonacci 50% and 0.618 retracements respectively. Furthermore, the past resistance turned support zone is also seen towards 1.0890 levels. A bullish bounce can be expected there and EURUSD is likely to rally above 1.1500 mark thereafter. Trading point of view, it is still good to remain on the long side and add further towards 1.0830 levels with risk at 1.0636 levels. Trading plan:Remain long and add further between 1.0830//90, stop @ 1.0636 and target above 1.1500Good luck!The material has been provided by InstaForex Company – www.instaforex.com…

BTC analysis for 04.02.2020 – Watch for the price action around the very important pivot at the price of $6.960 to confirm

Corona virus news:Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways.In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Technical analysis: BTC has been trading upwards.The price tested the level of $6.690. Anyway, the main pivot is set at the price of $6.960 and you should watch for the price action around it. The successful rejection of the resistance at $6.960 would confirm downside and potential testing of $5.800 and $4.476The eventual breakout of the resistance $6.960 can lead us for test of $7.623.Stochastic oscillator is showing overbought condition, which increases the risk for the further upside…Resistance levels is set at the price $6.960 Support levels and downward targets are set at the price of $5.810 and $4.476.The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD: plan for the US session on April 2. Bears continue to control the market and push the euro to a minimum of 1.0880

To open long positions on EURUSD, you need:
In my morning review, I paid attention to sales after the formation of a false breakout in the resistance area of 1.0955, which happened. This is clearly visible on the 5-minute chart. Weak data on eurozone producer prices, which declined much more than expected by economists, led to an update of daily lows and the pair remaining in a downward price channel. The task of euro buyers remains the same. A break above the resistance of 1.0955 is needed, which was not possible in the first half of the day. If the bulls manage to gain a foothold in this range, and this can only happen after very bad data on the US labor market, the demand for EUR/USD will increase, which will lead to an update of the resistance of 1.1033, where I recommend fixing the profits. However, a more rational option would be to buy on the decline of the euro in the area of large support of 1.0880, provided that a false breakout is formed there, or immediately on the rebound from the minimum of 1.0790.

To open short positions on EURUSD, you need:
The bears achieved the formation of a false breakout…

Trading recommendations for GBPUSD pair on April 2

From a comprehensive analysis, we see an interesting slowdown in scale, where the market activity locally decreased below the daily average. Now, about the details. A flat formation with a scale of more than 85 hours continues to focus the special attention of market participants, where the oscillation amplitude from the frame of 1.2280/1.2480 has declined to the border of 1.2350/1.2450. We faced a consolidation relative to the end of the day, where the mirror level was the middle of the main range of 1.2280//1.2380//1.2480. If you compare the current fluctuation with the dynamics of the past month, it will be seen that this is the first significant slowdown, and the interesting thing about all this is that the external background did not affect the existing framework in any way. All this suggests that market participants are limited to possible growth, and the moment for a new round of decline has not yet come, so we have a kind of framework. Naturally, this is just a theory but supported by an external background, where the dollar looks most attractive in terms of assets.
Is it worth running and buying the dollar against the pound now? I do not think that…