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Market analisis treand !
Slowly I start to add some mid-term (weeks, months) trading & investment opportunities into my TradingView account. The first one which looks technically pretty nice is .
Pretty soon you can start building your long position on and it starts from the round number Obviously, do your own research, read fundamentals and etc.
Technical...
(Kitco News) - Gold and silver prices are down in early U.S. futures trading Wednesday, as it appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven demand aspects of the coronavirus scare. China, which is hit hardest by the outbreak, is a world leader for consumer gold demand. It can also be correctly argued the gold market is seeing a corrective pullback from recent solid gains that pushed prices to a seven-year high earlier this week. April gold futures were last down $5.90 an ounce at $1,644.10. March Comex silver prices were last down $0.241 at $17.95 an ounce.
In the first half of the day, a report was released on the UK consumer price index, which rose in November this year, but completely coincided with the forecasts of economists. However, this was enough to help the pound stay above the level of 1.3076, which determines the further downward trend observed throughout this week.
Fundamental or Technical
Another important decision which ideally should be made prior to the start of your trading is whether your approach will focus primarily on trading signals from technical indicators or from trading ideas based upon fundamentals.
I distinguish here between ideas and signals because they are two distinctly different types of approaches generated by two distinctly different understandings of the futures markets.
Later on I will provide a very thorough discussion of the two approaches, outlining their strengths, assets, liabilities, differences and methods of implementation. For now, suffice it to say that a
decision will need to be made, preferably sooner than later, about the approach you wish to employ in your trading.
Some individuals may seek to implement a hybrid approach, incorporating what they feel are the best aspects of each technique. I also will discuss the merits of this approach, or the lack thereof.
Today i will discuss this pair......
In this pair eveverybody know about this it. upward and downward movement.. ..
I see the daily chart that indicate complete downtrend of this pair.
Exponential Moving Average (10) :
Simple Moving Average (18) :
Exponential Moving Average (28) :
Simple Moving Average (35) :
Exponential Moving Average (54) :
. The list of indicator those i uses are as follows.
Parabolic SR
moving average 10
Moving average 60
Moving average 200
MACD Future
Fibo piv-2
These indicators are Most important for me and my trading know off. Everyday i am using these indicator .and earn a good profit.
Please like my post
🌷Thanks you🎋
Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
Cad/Jpy not cross the up price level 82.50, it means that Cad/Jpy pair today in selling and i recommend that trader place the sell in Cad/Jpy 82.00 - 82.50 and use of take profit at 80 to 120 pips point mean use tp at 81.00 - 80.70 and use stop loss price 82.50, I recommend today place sell order in Cad/Jpy and make good earning profit in Cad/Jpy pair trade positions.
Fundamental or Technical
Another important decision which ideally should be made prior to the start of your trading is whether your approach will focus primarily on trading signals from technical indicators or from trading ideas based upon fundamentals.
I distinguish here between ideas and signals because they are two distinctly different types of approaches generated by two distinctly different understandings of the futures markets.
Later on I will provide a very thorough discussion of the two approaches, outlining their strengths, assets, liabilities, differences and methods of implementation. For now, suffice it to say that a
decision will need to be made, preferably sooner than later, about the approach you wish to employ in your trading.
Some individuals may seek to implement a hybrid approach, incorporating what they feel are the best aspects of each technique. I also will discuss the merits of this approach, or the lack thereof.
predictions for the day.
trading is risky if no analysis is done
CAD/JPY - is the currency pair we will be focusing on
major low levels also known as supports 82.61
major high levels also known as resistance - 82.85
In this blog, we are going to take a look at the Elliottwave chart of CADJPY. The rally from August 26, 2019 low unfolded as 5 waves impulsive move up in wave (A) as a diagonal. Based on Elliottwave theory, the impulsive wave up will be followed by 3 waves correction before resuming to the upside. Therefore, we were expecting to buy at the extreme area, which is the 100% – 161.8% extension of wave W-X. We showed this area with a blue box. The blue box is the area where we expect buyers to appear for an extension higher or 3 waves bounce at least.