forex software

Create and Test Forex Strategies

forex software

Skip to forum content

Forex Forum

Forex Software, Forex Strategies, Expert Advisors Generator

You are not logged in. Please login or register.


Forex Forum → Forex Trading → Morning outlook best broker for forex trading

Pages 1

You must login or register to post a reply

RSS topic feed

Posts: 2

Topic: Morning outlook best broker for forex trading

GBPUSD recent developments and its potential impact on the markets
The pound dollar pair gained 0.3 in the last session the RSI's positive signal is in line with the overall technical analysis.

The last session saw the EUR gain 0.3 percent against the USD according to the WILLIAMS indicator we are in an overbought market.

The AUD gained 0.4 percent against the dollar in the last session the RSI's is giving a positive signal.

The USDJPY price remained largely unchanged in the last session the CCI is giving a negative signal.

(FINANCIAL NEWS)

Binance ceo  Changpeng Zhao has surpassed Mukesh Ambani asia's richest billionaire and is nearly on par with facebook founder Mark Zuckerberg who is worth
124 billion USD.

several reports have indicated that Tencent is planning to expand into the metaverse space and for this the company may soon link a deal with Xiaomi backed black shark.

Oil rose to more than 83 dollars a barrel supported by tight supply and expectations that rising coronavirus cases and the spread of the omicron variant will
not derail a global demand recovery.

(TODAY's MAJOR ECONOMIC EVENTS BEST FOREX PLATEFORM)

US CONSUMER PRICE INDEX CORE (13:30 GMT)
The core consumer price index (CPI) measures the changes in prices of goods & services, excluding food & energy.

Re: Morning outlook best broker for forex trading

XAU/USD (GOLD):

On the H4, with prices bouncing off the ichimoku cloud and breakout from descending trend line, As per the Encore Capitals Analyst gold will bullish bias that price will rise from our 1st support at 1842.65 where the horizontal swing low support is to 1st resistance at 1864.72 in line with the horizontal swing high resistance, 61.8% Fibonacci retracement and 38.2% Fibonacci retracement. Secondly, price can break our 1st support structure and head for our 2nd support at 1834.67 where the horizontal overlap support and 38.2% Fibonacci retracement are.

Areas of Major Support & Resistance:
H4 time frame, 1st Resistance at 1864.78
H4 time frame, 1st Support at 1842.69


GBP/USD:

On the H4, Price moving above the ichimoku indicator, Its bullish bias according to Encore Capitals Analyst that price will rise from the 1st support at 1.25496 where the horizontal overlap support is to 1st resistance at 1.26703 in line with the 61.8% Fibonacci retracement, 100% Fibonacci projection and swing high resistance. Secondly, price may break 1st support structure and head for 2nd support at 1.24741 where the horizontal overlap support available.

Areas of Major Support & Resistance:
H4 1st resistance at 1.26708
H4 1st support at 1.25494



EUR/USD:

On the H4, Price moving above the ichimoku cloud and within the ascending trend channel, Its bullish bias according to Encore Capitals Analyst that price will rise to our 1st overlap resistance at 1.08595 where the 61.8% Fibonacci retracement is from our 1st support at 1.07495. Secondly, price may break 1st support structure and head for 2nd support at 1.0542 in line with the 23.6% Fibonacci retracement.

Areas of Major Support & Resistance:
H4 1st resistance at 1.08591
H4 1st support at 1.07492



USD/JPY:

On the H4,Prices breaking above the ichimoku indicator and breakout from descending trend line, Bullish bias according to Encore Capitals Analyst that price will rise from 1st support at 128.070 where the horizontal overlap resistance and 78.6% Fibonacci projection are to 1st resistance at 128.899 in line with the swing high resistance, 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 127.164 where the horizontal overlap support available.

Areas of Major Support & Resistance:
H4 time frame, 1st resistance at 128.899
H4 time frame, 1st support at 128.070


CRUDE OIL:

On the H4, Price expected to reverse off the stochastic indicator, Bearish bias according to Encore Capitals Analyst that price will drop to our 1st support at 112 where the 23.6% Fibonacci retracement is from our 1st resistance at 119.02 in line with the swing high resistance. Secondly, price may break 1st resistance structure and head for 2nd resistance at 123.10 where the 127.2% Fibonacci extension is.

Areas of Major Support & Resistance:
H4 time frame, 1st resistance of 119.02
H4 time frame, 1st support of 112

Posts: 2

Pages 1

You must login or register to post a reply

Forex Forum → Forex Trading → Morning outlook best broker for forex trading

Similar topics in this forum