SubscribePrice has rallied nearly 5% off the October lows with a critical resistance confluence seen just higher. Here are the levels that matter on the AUD/JPY
Thread: Aud/Jpy
Price has rallied nearly 5% off the October lows with a critical resistance confluence seen just higher. Here are the levels that matter on the AUD/JPY
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The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
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The euro, after earlier trading up 0.3 percent, was flat at $1.1316. Britain is one of the euro zone's biggest trading partners.
Sterling shed 1.3 percent versus the dollar to $1.2817 and also 1.3 percent versus the euro to 88.25 pence .
Analysts said the dollar's gains on the back of the sterling slump were contained after some cautious comments about the economic outlook from Federal Reserve chairman Jerome Powell overnight.
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Resistance and Supporting level today,s
Today Trend is:bullish
Resistance level today,s is
First Resistance is:82.63
Second Resistance is: 82.92
Third Resistance is: 82.33
Supporting levels today,s is
First Support is: 81.90
Second Support is:81.51
Third Support is:81.19
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The dollar index rose 0.3 percent to 97.123, while the yen gained 0.2 percent to 113.355 against the dollar. Both currencies are sought out as safe places to park your cash in times of market flux.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR/USD Technical Strategy: Flat
Support: 1.2173, 1.2080, 1.1929
Resistance:1.2246, 1.2324, 1.2418
The Euro dropped for a fifth consecutive day against the US Dollar, setting a new 28-month low against the US Dollar. A daily close below the 61.8% Fibonacci expansion at 1.2173 exposes the 76.4% level at 1.2080. Alternatively, a reversal above the 50% Fib at 1.2249 opens the door for a test of the 38.2% expansion at 1.2324.
Risk/reward considerations argue against entering short with prices in close proximity to support. We will remain flat for now, waiting until an attractive selling opportunity in line with our long-term outlook presents itself.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USD/JPY fell on Brexit risk scenarios and made a low of 113.30. However, stocks were falling off a cliff and the VIX was as high as 23 at one stage with the S&P was down 20.60 points, and DJIA was down by 205.99 points leaving USD/JPY exposed to the downside. USD/JPY ended at 113.63. AUD/USD was running higher from 0.7188 and met a high of 0.7253 and closed at 0.7234
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR/USD was better bid and tracking movement in the dollar and taking its cues from Brexit headlines as well, playing out its derivative role. EUR/USD moved higher from 1.1263 to a high of 1.1344. As far as data, the US core CPI y/y & weakly earnings offered some downside misses and UST yields & US dollar were lower subsequently. EUR/USD was nearing the 10-DMA and fell back towards 1.13 the figure for the NY close.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
After setting up goals, you have to know about making the right thing for your trades. And it is making a plan or plans for your trades. What we mean is, you have to create a central plan for your trading process. When it is time for placing one, you have to design the process according to it. This way, it will be a much better approach than just going to a trade. You will also be able to take immediate measure for any problem. For example, a trader can immediately change the stop-loss limit when the market charts seem to be bad for their trades. You must know about this and use this trick for your trading business. Then every trade will be executed with appropriate control.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
That is more like gambling. There is no future in that work. In the trading business, you must work for your trading capital too. Because it can also ruin your career just by being used up. Unlike any other businesses, you cannot borrow or loan money from any institution. So, in this regard, the carefulness must be even greater. In this article, we are going to talk about saving your trading capital.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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