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Trading Performance 2017-2018

EUR/USD

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EUR/USD News & Analysis

Forex signals

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Forex Trading Strategies News & Analysis
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GBP/USD

USD/JPY

AUD/USD

USD/CAD

Latest Articles

Trading strategies:

EUR/USD

Trading strategy: Await signal

Open: -

Target: -

Stop-loss: -

Recommended size: -

Short analysis: The monthly inverted hammer and falling monthly RSI are encouraging for EUR/USD bears. But yesterday’s and today’s recovery suggests that a corrective move is likely in the near term. The pair is trying to rise above 7-day ema now.

GBP/USD

Trading strategy: Await signal

Open: -

Target: -

Stop-loss: -

Recommended size: -

Short analysis: Daily cloud attraction has been a feature since mid-September. The GBP/USD found resistance at 1.3033, ahead of daily cloud top at 1.3055. Recent price extremes November 7's 1.3176 and 1.2827 November 12 low, seen key. Would look to play the range with bullish momentum steering the bias towards longs.

USD/JPY

Trading strategy: Await signal

Open: -

Target: -

Stop-loss: -

Recommended size: -

Short analysis: Today’s USD sell-off made us cancel our bid at 112.95. We see increasing downside risk in the near term.

USD/CAD

Trading strategy: Short

Open: 1.3230

Target: 1.3120

Stop-loss: 1.3285

Recommended size: 3.61 mini lots per $10,000 in your account

Short analysis: The Canadian dollar edged higher against broadly weaker USD on Wednesday, extending its recovery from a nearly four-month low the day before as oil prices rebounded. The price of oil, one of Canada's major exports, recouped some of the previous session's slide on the growing prospect of OPEC and allied producers cutting output at a meeting next month.

AUD/USD

Trading strategy: Long

Open: 0.7220

Target: 0.7420

Stop-loss: 0.7120

Recommended size: 1.50 mini lots per $10,000 in your account

Short analysis: Our long remains but it's back in black. We see encouraging signs though. The pair failed to break support near 0.7160. The ensuing bounce sees the pair back above the 55-DMA, daily cloud base and the November 12 high get pierced. Rising monthly RSI is also encouraging.

EUR/GBP

Trading strategy: Await signal

Open: -

Target: -

Stop-loss: -

Recommended size: -

Short analysis: Monthly RSI is biased down and the 61.8% Fibo of 0.8305-0.9307 has been pierced. Those suggests downside risks. Long lower wicks on recent daily candles suggests that bulls are putting up a fight. Signals are mixed so we will stand aside for now.

U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month.

Though overall inflation could slow in the months ahead following a recent slump in oil prices, economists said Fed officials were likely to regard any retreat as temporary and focus on underlying price pressures.

The U.S. central bank, which has a 2% inflation target, left interest rates unchanged last Thursday after a two-day policy meeting. In its policy statement, the Fed noted that annual inflation measures "remain near 2%."

The Labor Department said on Wednesday its Consumer Price Index rose 0.3% last month, the biggest gain since January, after edging up 0.1% in September. In the 12 months through October, the CPI increased 2.5%, picking up from September's 2.3% rise.

Excluding the volatile food and energy components, the CPI climbed 0.2%. The so-called core CPI had gained 0.1% for two straight months. In the 12 months through October, the core CPI increased 2.1% after advancing 2.2% in September.

The market had forecast the CPI climbing 0.3% and the core CPI gaining 0.2% in October.

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