Usd
Usd has weakened significantly after worse than expected u.s data.
Most of the Pro traders were of the view that u.s data will continue to be strong which will eventually strengthen usd against major rivals.
In my opinion eur/usd and gbp/usd will fall next week which means usd will gain strength.Not only technical indicators but also market sentiments are strongly in favor of downward move for these two pairs.
What do u think guys?
Incase of eur/usd, short term trend is neutral and range-bound. Longterm trend is slightly favoring bulls.
If us data, this week, continues to be strong, u.s will definitely pull eur and gbp.
U.S continued to weaken against major rivals this week. U.S economic data wasnt very good except NFP which strengthened usd on friday.
When the dollar weakens bet to achieve parity with other benefits not always have to wait until the market improves, you can take advantage of these opportunities.
I have traded today XAUUSD, opened my position by selling when the price was 1245.46 and all indicators were showing a downward trend, I checked the Exponential Moving Average, the Stochastic Oscillator and the Commodity Channel Index (CCI 50)
I have set a stop loss order at 1253.21 and the take profit 1233.54, when the price reached the take profit at 15:00 the order was closed and I made 1.192.00 pips in Forex trading online.
Hi Margret would you be able to send me a link of your performance please, i would love to take a look :) (and follow if you're a provider:P)