I once received the $50 bonus from FBS, what I can honestly say is that their bonus accounts have very highs spreads and if you are not careful, you may loose almost everything!
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I once received the $50 bonus from FBS, what I can honestly say is that their bonus accounts have very highs spreads and if you are not careful, you may loose almost everything!
USD/MXN is fighting with resistance
28.11.2019
Trade ideas
BUY 19.64; TP 19.78; SL 19.60
SELL 19.48; TP 19.42; SL 19.50
USD/MXN has been strengthening since the start of November, although you can notice by looking at the chart that the advance hasn’t been smooth. During the recent days, the price has been trading in a kind of a “rising wedge”. This week the pair’s upside got limited by 19.5872. The next level to watch above it is 19.6345 (50% Fibonacci retracement of the August-October decline). If USD/MXN manages to overcome the resistance and fix above this point, it will have a chance to get up to 19.78 (61.8% Fibo). On the downside, the return below 19.4870 can open the way for a correction to 19.4120 (100-day MA).
For more-https://bit.ly/2OrCb4z
USD/JPY may experience a correction
29.11.2019
Trade idea
SELL 109.30; TP 109.00; SL 109.45
USD/JPY had a bullish week. Yet, we should notice that the pair has reached some heavy resistance: 100-week MA (109.66) and 200-week MA (109.84). On the D1, we can already see that the movement to the upside has stalled on Thursday as USD/JPY formed a very small inside bar candlestick that looks like a “hanging man” pattern. As a result, a return below 109.35 (61.8% Fibo of the April-August decline) will lead the price down to the 109.00/108.90 area (200-day MA).
For more-https://bit.ly/37JIcRL
USD/JPY may experience a correction
29.11.2019
Trade idea
SELL 109.30; TP 109.00; SL 109.45
USD/JPY had a bullish week. Yet, we should notice that the pair has reached some heavy resistance: 100-week MA (109.66) and 200-week MA (109.84). On the D1, we can already see that the movement to the upside has stalled on Thursday as USD/JPY formed a very small inside bar candlestick that looks like a “hanging man” pattern. As a result, a return below 109.35 (61.8% Fibo of the April-August decline) will lead the price down to the 109.00/108.90 area (200-day MA).
EUR/USD is at decisive levels
03.12.2019
Trade ideas
BUY 1.1120; TP 1.1160; SL 1.1110
SELL 1.1065; TP 1.1040; SL 1.1075
EUR/USD was supported in the 1.0990 area last week. The support was strengthened by the fact that the attempted breakout of this level failed. On Monday, the pair recovered on the weak US data and went up through the 50- and the 100-day MAs. Now these lines provide support at 1.1070 and 1.1040. Resistance is now located in the 1.1100/1.1115 area (trend line going down from October 2018 highs). The advance above this zone is needed to open the way up to 1.1160 (200-day MA). All in all, EUR/USD finds itself in a confined space now, so bigger moves should come soon.
For more-https://fbs.com/analytics/articles/e...ytics_roleclub
AUD/CHF suffered losses
04.12.2019
Trade idea
SELL 0.6730; TP 0.6700; SL 0.6740
The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday. During the Asian session on Wednesday, it has gone down to test 0.6736 (the 100-day MA; 38.2% Fibonacci of the August-November advance) as Australia released weaker-than-expected GDP growth and the overall market sentiment worsened. The slide below 0.6730 will confirm the formation of an "ascending wedge" to the downside and may be a cue for selling with a target in the 0.6695 area.
For more-http://bit.ly/2PbExnw
The year end: Brexit and trade wars in the arena again
05.12.2019
The year is ending but Brexit and trade wars continue being the hottest topics. In this article, we will consider events that will determine the market sentiment of the last month of the year.
Spotlights.
Brexit outcome and MPC Official Bank Rate Votes.
Unexpectedly, the British pound managed to gain momentum. Currently, the GBP has been appreciating against the US dollar and the euro. However, all eyes are on the Parliamentary Elections that will become the crucial barometer of the future pound’s strength.
For more-http://bit.ly/2LpUFAD
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