Forex technical analysis and forecast: majors, stocks and commodities

EUR / USD, « Euro versus US dollar »

EUR / USD, "Euro versus US dollar"

After EURUSD hit 1.2000 and formed another consolidation range there, it broke it down. at the moment it is still falling towards 1.1950. The pair may hit this level today and then correct towards 1.1970. Later, the market could extend this descending wave to 1.1941. After breaking the channel of this wave, the instrument can grow again with the first target at 1.2155.

GBP / USD, « British pound against US dollar »

After completing the descending wave at 1.3565 and returning to 1.3670, GBPUSD is consolidating around the latter level. If the price breaks this area later on, the market can resume trading with a target at 1.3755. If down – continue correction to reach 1.3490.

USD / RUB, « US dollar versus Russian ruble »

USD / RUB falls towards 75.00 and can consolidate there later. After that, the instrument can break the downside and resume trading with the target at 73.52 on the downside.

USD / JPY, « US dollar versus Japanese yen »

USD / JPY extends the rising wave. The pair may consolidate below 105.55 today. If the price breaks down this range later on, the market may start a new drop to break around 105.00 and then continue falling with the target of 103.33.

USD / CHF, « US dollars against Swiss francs »

USD / CHF is moving higher and has ended another rising wave. Possibly the par can reach 0.9062 for another ascending structure. However, the asset can fall at any time. The first target is 0.8968.

AUD / USD, « Australian dollar versus US dollar »

AUD / USD is still falling towards 0.7550. After that, the instrument can start further growth with a target of 0.7650.


Brent completed the rising wave at 59.20. The asset may correct itself towards 57.30 today and then form another ascending structure with a target at 59.69.

XAU / USD, « Gold versus US Dollar »

Gold ended the descending wave at 1795.50. Today the metal can grow with the target of 1818.60 and then trade back down to reach 1761.50.

BTC / USD, « Bitcoin against US dollars »

BTC / USD corrects towards 35300.00. Later the market can resume trading on the upside to reach 39000.00 and then form a new descending structure with the target of 31700.00.

S & amp; P 500

The S&P index has broken the consolidation area to the upside. The asset may continue to grow to 3917.0 today and then begin a new decline towards 3821.7. After that, the instrument can form another ascending wave aiming at 3948.7.

& # xD;

What does 1.00 mean in Forex?

What does 1.00 mean in Forex?

Before entering the Forex and Stock Markets, it is important to remember that trading currencies and other investment products is natural and always involves significant risk. As a result of various financial fluctuations, you can not only significantly increase your capital, but also lose it completely.

How much is 0.01 pips?

Therefore, our clients must assure RoboForex that they understand all possible consequences of such risks and are aware of all the specifics, rules and regulations for the use of investment products, including corporate events, that result in the change in the underlying assets. The client understands that there are special risks and characteristics that affect prices, exchange rates and investment products. & # XD;

How much dollar is 0.01 lot size?

1.00 Lot is a measure of units of currency that traders buy or sell during trading, and the standard size for a lot is 100,000 units. For example, if traders are trading EURUSD, a profit of 10 pips for a lot size can generate a profit of USD 100.

How many dollars are 100 pips?

0.01 lot size, can also be referred to as a micro lot which represents $ 0.01 per pip or 1000 units of base currency. If you are trading a pair on a dollar basis, 1 pip is equal to 10 cents. 0.01 is the mini lot in forex trading.

Can Forex be Predicted?

Can Forex be Predicted?

The minimum trade size with FBS is 0.01 lots. Much is a standard contract size in the forex market. This corresponds to 100,000 units of a base currency, so that 0.01 lots are 1,000 units of the base currency. If you buy 0.01 lots of EUR / USD and your leverage is 1: 1000, you will need 1 USD as margin to trade.

How do you predict whether a stock will go up or down?

Hence, for a position of this size – 10,000 units – we gain or lose $ 1 for every pip move in either direction. So if EUR / USD moves 100 pips (i.e. 1 cent) in our direction, we will make a profit of 100 USD. We can do this for any trade size. The calculation is simply the trade size multiplied by 0.0001 (1 pip).

Is Forex Just Guessing?

Many new forex traders believe that the core of any forex trading strategy should be predicting where forex prices will go. You can’t predict the future, and if you try your predictions will be as accurate as your horoscope. …

Will Forex Make You Rich?

If the price of a stock rises at higher than normal volume, it suggests that investors are supporting the rally and that the stock would continue to move higher. However, a falling price trend with large volumes signals a likely downward trend. A high trading volume can also indicate a trend reversal.

Is Forex Riskier Than Stocks?

Forex trading is not a guessing game because it is not poker. Forex trading is an analytical game that runs based on sentiment statistics. The market movement would be different every day, so that we cannot guess, but can predict by analyzing the market situation.

Why Do Most Forex Traders Fail?

Forex trading can make you rich if you are a hedge fund with deep pockets or an unusually skilled forex trader. But for the average retailer, forex trading cannot be an easy path to riches, but rather a bumpy road to enormous losses and potential misery.

How Difficult is Forex?

Forex trading is riskier and more difficult to predict than stock movement. Stock investors use the fundamentals of a company’s stocks to predict future prices. However, there are other factors that affect the value of a country’s currency.

How do you forecast a forex chart?

The reason many forex traders fail is because they are undercapitalized relative to the size of the trades they make. It is either greed or the prospect of controlling large amounts of money with little capital that forces forex traders to take on such a huge and fragile financial risk.

Who is the Richest Forex Trader?

Yes, trading forex is tricky if your just want to make money fast. With this mindset, you will be prepared for failure even before you even begin trading. Forex trading is easy too if you are willing to invest the time and effort into becoming a successful trader. … making losses is part of trading forex.

Which Indicator is Best for Forex?

The idea is that history can repeat itself in predictable patterns. These patterns, which are created by price movements, are again known as forex signals. This is the goal of technical analysis – it is to uncover current signals of a market by examining past forex market signals.

  • One of the best Forex traders of all time is Paul Tudor Jones, who also shorted the October 1987 market crash. He is one of the richest day traders alive today, with a net worth of $ 4.5 billion as of 2018. Born in 1954, Jones graduated from the University of Virginia with a degree in economics in 1976.
  • Let’s take a look at the Top 10 Forex Indicators Every Forex Trader Should Know.
  • Moving averages. The concept of the moving average is very important that every trader should know. …
  • Relative Strength Index. …
  • MACD. …
  • Bollinger Bands. …
  • Stochastic. …
  • Ichimoku Kinko Hyo. .. .. ..

What are the 3 types of analysis?

Fibonashi. .. .. ..

Forex technical analysis and forecast: majors, stocks and commodities
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