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Thread: bappy4x's - Trading journal

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    Update: 763 @ 07.01.2021 @ 10:45 AM (GMT+6)


    Index: Greetings & Introductions, The Market Sentiment, The Inspirational Trading Quote, Trades update from GBPUSD, The Forecast for Gold metal and EURUSD.


    Greetings & Introductions:

    Hello Everyone! Welcome to my trading journal and greetings to you all traders, readers and fellow members of the forum meanwhile I am on frustration during this week because of lack of capital although I have started demo trading since the beginning of this year. The truth is that the forex trading is not a much easier thing as we think but its a bit complex business meanwhile every business you have to do hard work that I am trying to get recover my mistakes during trading.


    The Market Sentiment:


    As we expecting during on Christmas & New Year Holidays, the market was not stable as the previous year and previously I have mentioned this issue that due to the pandemic situation, everything has bee changed. There were lots of lockdown during this pandemic situation and these locks down have changed the news schedule. Yesterday the Dollar Index has moved to downwards and has made a record lower price after April’2018 and the price has created a support level at 89.18 price mark which should be broken the 88.00 price mark by next couple weeks if we won’t get the further good news of USD currency.


    The Inspiration Trading Quotes:



    The Forex trading is all about the knowledge that when/what/where you have to make a deal and close the deal with the desired profits. The very truth is that the Forex trading a complex business a little bit if you don’t get all knowledge about forex trading and its system.
    The motivation or inspiration is playing a vital role to get success on Forex trading meanwhile 90% of traders are losing their capitals due to lack of Inspiration. Maximum traders giving up their trades whenever they see a loss on trading and closing their trades with the loss with a wrong decision. Whatever, the actual insight should be that the losing trend should be revert back during the session or by the next session if the trader has good equity and margin. If a trader keeps some inspirational quotes on their mind, they must get back from the losing streak and can grow up the account with huge profits.

    You may state and explain your inspirational quotes through the below link:


    The Inspiration Trading Quotes:



    Trades Update:

    I have some current trades with the hot pair GBPUSD meanwhile yesterday my trades were floating with some handsome profits but I thought the price of GBPUSD should make some more bullish trend according to the USD Index. But due to some good data, the price of USD Index has pulled back its price to upwards and due to this reason and still, the price of GBPUSD looks bearish trend a little bit.


    The USD Index looks not stable on the bullish way and it should be turned back to downwards again and it will push the GBPUSD to make a long bullish trend during this week, and for long term traders, right now I am looking forward here a potential buying opportunity with GBPUSD pair which should reach above 1.3700 price mark by this week.


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    The Forecast for Gold Metal (XAUUSD):

    Headline: The Precious metal gold is trying to trade back the December region around $1850 price mark.


    Yesterday, after 2 months the precious metal has reached near to the major resistance level around $1965 price mark which was exactly at $1958 level and after reaching that price, the price has pullback its price to downwards again. The Gold metal price has created a weaker support level at $1900 price mark. That short bearish pullback is inspiring sellers to put more sell from the precious metal gold which has done 0.10% intraday loss by yesterday.


    In 4 hour time frame, the price of gold metal fully looks on bearish trend meanwhile the technical indicator zigzag is showing a bearish indication for coming sessions. The two months ascending trend has been pulled back to downwards again. But it should be noted that, there is more possible chance to see a further bullish trend from the gold metal because the USD Index looks attempting to make a long bearish trend which should push the Gold metal to cross over $1980 price mark by next week.

    Technically, the $1965 mark should be tested soon meanwhile the price has done a correction to bearish trend just restoring the price below $1920 price mark and by this evening, the gold price may test $1905 price mark. Short term traders may make some selling plans for the gold metal but for long term traders, right now I am looking forward here a potential buying opportunity with the gold metal which should be reached above $2000 price mark by this month. But positive feedback from the USD currency may turn the Gold trend to bearish trend to trade below $1800 price mark.

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    The Forecast for EURUSD:

    Headline: The EURUSD has moved to the bullish region around 1.2350 price mark.


    The price of EURUSD has changed its trading region during the last session of yesterday and right now, the price of EURUSD is trading above the 1.2330 price mark. Yesterday, the dollar index has made a lower price again below 89.20 price mark which is the most lower price after 2018. But the Dollar index has pulled back its price to upwards again and today we may see some bearish trend from the EURUSD due to the hike price from USD Index. In coming days, the USD Index should pull back its price to downwards and its aiming to reach below 88.00 price mark very soon.

    The upside new region has been started from the beginning of the week, and this region should be extended on coming days to 1.2500 price region. With the technical perspective, the technical indicators is showing the index to bullish trend meanwhile due to upcoming news of EUR and USD currency may change the direction of EURUSD pair. But overall, For long term traders, I am looking forward here a potential buying opportunity with the EURUSD pair which should be trading above 1.2450 price mark by this week.


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    In conclusion, attention to GBP currency lovers that we should remember that, we did not see the impact of EU-UK Brexit deal impact on Forex market meanwhile, the London session has been divided into two sessions named as pairs session and London session. The impact of EU-UK Brexit has not seen yet but anytime we may see a huge difference on the market and for this reason, GBP lovers should avoid big lot trading till coming couple weeks whereas it may make a huge impact on your equity or may be the reason to get the stop house.


  2. #10842 Collapse Post
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    Update: 764 @ 07.01.2021@ 11:35 PM (GMT+6)


    Hello Everyone! Greetings to you all traders and hope so that you traders are managing some handsome profits meanwhile this is the first week of the new year 2021 and just beginning of the year, the USD Index market has been started with bearish gap and it's trading below 30 months lower price. Due to the massive volatile market from the USD Index, the USD market looks more volatile and even though the Gold metal has traded near to the major resistance level around $1960 price mark.


    Trades Update:


    A day before ago, I have done some trades from GBPUSD pair with buying position although these trades were going to profit by last night. But due to the sudden hike price from the USD Index, the price of GBPUSD is moving back to downwards and right now my trades are floating with around $26 loss but very soon the price of GBPUSD should pull back its price to upwards because the USD Index should make a long run to a bearish trend.


    The price of GBPUSD has reverted back to its last week region earlier on Wednesday morning and still, the price of GBPUSD is trading around the last week region. The price has created a weaker support level at 1.3536 price mark which should be broken shortly to test some lower price by next day. So, from my point of view, I am looking forward here a potential buying chance with GBPUSD pair which should be traded above 1.3650 price mark very soon.


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    The Forecast for USD Index:


    Headline: US ISM Service makes ahead of the price of the dollar index.


    Today there was a news about the US ISM Service which has improved that December meanwhile there was 57.2 rate and the expected rate was 54.5 that is good for the USD currency. This news has made an impact on USD trading during the US session and the news of US ISM Sevices PMI has beaten the USD Index market to bullish trend and exactly right now the price of USD Index is trading above 89.90 price mark which is too close to 90.00 price mark.

    In long time frame likely with monthly timeframe, the price of USD Index fully looks on bearish trend although this week the price of USD Index has created a weaker support level at 89.18 price mark meanwhile after 33 months, the USD Index is trading with the lower price and oncoming days, I am expecting more bearish trend from the USD Index. So, overall I am looking forward here a potential selling chance with the USD Index which should be traded below 88.00 price mark by this month.

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    The Forecast for Crude Oil:

    Headline: The Crude Oil has slipped back its price to $51 price region and aiming to reach above $55.00 price mark soon.


    The price of Crude Oil seems has changed its trading region by this week and right now the price of Crude oil is trading above $50.80 price which is too much close to $51 price mark. Whatever, today earlier in American session, the price of Crude Oil has moved back its price to upwards but still it remains on under pressure to fall back to the safe zone during this pandemic situation. Also, the dollar index is also stimulated the crude oil price to bullish trend and this the highest price during this pandemic situation after 25th February’20.

    In 4hour time frame, the price of Crude Oil fully looks on bullish trend and the price looks has created a resistance level 51.27 price mark which should be broken during this week and with a technical perspective, overall I am looking forward here a potential buying chance with the crude oil which should be traded above $52 price mark by next week.


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  3. #10843 Collapse Post
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    Update: 765 @ 08.01.2021 @ 04:39 PM (GMT+6)


    Index: Greetings $ Introductions, The Covid-19 & UK, USD Index, Trades update, The Forecast for Gold & Crude Oil


    Greetings & Introductions:


    Hello Traders! Greetings to you all and thanks go to all of my followers who are always following my journal and end of the day, you traders are grabbing some good profits by copy trading although, since the beginning of the week, my trades from GBPUSD pairs are floating with loss due to the massive hike from the USD Index. This is the first time in this year that the price of dollar index has pulled back its price to bullish trend just above 90.00 price mark. The Index was rebounded its price from the bottom below 89.20 price mark but the price looks not stable on the bullish zone which should be pulled back its price to downwards again.


    The Covid-19 & UK:

    The new strain of Covid-19 seems too much dangerous although the vaccine has been spread to South Asian countries too. Globally the death and infections is increasing day by day which should be decreased due to the vaccine but specialists are expecting some good thing oncoming summer.

    Whatever, In UK, the new strain is infecting peoples too much meanwhile the government of UK is suffering from the shortage of hospital capacity although it’s making a huge economical negative impact on GBP currency and economists are expecting a huge drop from GBP currency and the GBP trading will be under pressure on upcoming days. But the fast vaccination will pull back the bad situation to a better situation although the National Lockdown has started from 4th January earlier beginning of this year and the current national lockdown may decrease the new infections.


    The Dollar Index (USD Index): Non-farm Payrolls


    There has been a bullish greenback movement from the dollar index earlier in Asian Session today and after the year 2020, in 2021 the current price is the higher price of the dollar index which has traded above 90.00 price mark. The USD Index has negotiated its price to the bullish trend by last night meanwhile there was some positive data from the USD currency but the greenback movement should be finished soon or it may make more greenback oncoming US session.

    The most important news Non-farm Payrolls may make a huge impact on the USD Index market meanwhile there are both chances to see a long bullish or bearish trend from the USD Index. But to Covid-19, we may see some negative news from this news and overall, I am looking forward here a potential selling chance with the USD Index which should be traded below the 88.50 price mark by this week or next week.


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    Trades Update:


    I have 0.50 lot trades from the GBPUSD which are floating with the loss now meanwhile last night the price of USD Index has done a pullback movement to upwards and due to this reason, the price of GBPUSD has rebounded its price to a bearish trend. Right now the price of GBPUSD is exactly trading around the 1.3600 price mark and coming on the US session, we may see a huge change on the market due to the massive movements from the USD Index.

    The technical indicators are indicating a pullback movement from GBPUSD pair to bullish trend and overall, right now I am looking forward here a potential buying opportunity with GBPUSD to above 1.3650 price mark. On the other side, the support has seen around 1.3566 price mark which may break if we get some good data from US Payrolls news and also buyer should recapture the trend to bullish trend and the Relative Strength Index pointing some bullish indication by this session to trade above 1.3650 price mark or more above.


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    The Forecast for Gold Metal (XAUUSD):

    Headline: The Gold Metal has quoted to bearish to below $1890 price mark again.


    In the 4-hour time frame, the price of Gold metal has pulled back its price to bearish trends due to the massive hike from the USD Index to the bullish trend. Actually, just before the NFP, traders are not expecting this bearish breakout from the Gold metal. Whatever within few hours, there is NFP news and this NFP may make a huge impact on gold trading meanwhile I am expecting again a pull back movement from the Gold metal to bullish trend to trade above $1960 price mark again.


    The Relative Strength Index is still remaining on the bearish channel by last night but it was a little bit stable around the $1905 region although the 200 hourly moving average is indicating a more bearish trend from the Gold metal to trade below the $1870 price mark.

    A few days back, the gold metal was trading for a long time with the $1880 price region and it seems that the price has created a support level around the $1880 price region. I think the price may go back to the region again. But due to the least resistance which is indicating the gold way to see the more bullish trend and overall, I am looking forward to a potential buying chance with the gold metal and especially, the price should confirm the rising channel to bullish trend with the long timeframe.


    Name: XAUUSDH4.png Views: 254 Size: 35.2 KB


    The Forecast for Crude Oil:

    Headline: The Crude Oil hits the 12 months higher price above $51 price mark.


    In a long time frame, the price of Crude Oil fully looks on bullish trend meanwhile the price of crude oil has moved to 12 months top price earlier last Thursday. The crude oil looks has created a bullish channel earlier just beginning of the year and the greenback movement to bullish trend still looks unbeaten and predictors are expecting the crude oil price just above the $55 price mark by next couple weeks.


    If we look the crude oil chart with 4-hour time frame, the price is fully on bullish trend meanwhile during this pandemic situation, this is the most higher price although still some countries are on lock down and there is a national lockdown In UK and due to this reason, I was expecting a bearish trend from the crude oil but the inventories of crude oil has changed the trend which has turned back to upwards again and right now its trading exactly above $51 price mark.

    Coming payrolls news may change the direction of Crude Oil trend although the US oil should continue its price to bullish trend whatever its risk on the market mode but the stimulation of the Dollar Index may turn the Crude Oil price to a bearish trend which should be trading below $50 price mark by this evening.

    From a technical perspective, there is not such a major resistance level meanwhile before the resistance level has been made as the support level now. Although the multi-day high is at a $51.29 price mark and this is called the immediate resistance level which should be broken by this night and overall I am looking forward here a potential buying opportunity with crude oil which should reach above the $52 price mark by today.


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    Update: 766 @ 09.01.2021 @ 10:53 AM (GMT+6)


    Index: Greetings, The sentiment of USD Index, Trades Update, The forecast for EURUSD & USDCAD.



    Greetings & Introductions:

    Hi Everyone! Greetings to you all of the traders, readers and fellow members of the forum. Whatever the first week of the first year has passed successfully with huge breakouts from gold metal and USD trading. Although last week there was some decent movements to bearish trend and the price has created a new lower price at 89.18 price mark after such a long time.


    The Sentiment of USD Index:


    Yesterday the NFP jobs data was too disappointing during the last day of last week and the USD Index market was focused on the economic recovery by the NFP jobs data but the data has come negative according to the expectation. Whatever yesterday the price of USD Index has pulled back its price to upwards meanwhile the price was trading below the support region since a long time and next week, we may see some bearish gap after opening the market.


    Name: #USDXH4.png Views: 874 Size: 37.8 KB


    Trades Update:


    I was too much confidence that I could close my trades by the NFP news but there was bad data from USD currency and according to the bad job data, the Dollar Index did not make such bearish trend and that's the reason, we did not see such bullish breakout from the GBPUSD pair and for next week, I am looking forward here a potential buying opportunity with GBPUSD pair which should be trading above 1.3700 price mark.


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    The Forecast for EURUSD:


    Headline: The EURUSD price has bounced back to downwards below the 1.2200 price mark during NFP.



    Yesterday, the price of EURUSD has dropped back its price to bearish trend just below 1.2200 price mark and it clearly have seen that the price has rejected the up-channel by last day and briefly its attempting its price to move downwards. Actually, due to the rising back from the Dollar Index as making a weekly higher price by last day, the price of EURUSD has to get lost some power and has moved to downwards.

    Just end of the day, the USD Index has created a huge bearish pressure to EURUSD pair meanwhile the DXY was getting its strength and it was contributed to make a pullback movement to downwards. And overall, for next week I am looking forward to potential selling chances with the EURUSD pair which should be trading below the 1.2100 price mark.

    With the technical perspective, the EURUSD has broken the support level by yesterday and since the beginning of the last week, the price of EURUSD was trading with a bullish channel and the channel has changed to the bearish trend by the last session and by next week, the key support of 1.2050 should be rechecked by next week and it goes back the 1.200 price region again.


    Name: EURUSDH4.png Views: 288 Size: 47.5 KB



    The Forecast for USDCAD:


    Headline: The USDCAD kept its price around the 1.2700 price mark starting in 2021.


    In 4-hour time frame, the price of USDCAD fully looks stable by last week although last week we have seen some major breakout from the USD Index meanwhile the impact of USD Index has not fallen too much during the first week of the new year. The USDCAD price was on depression and under pressure to bearish trend since a long time and it has stayed its price below 1.2700 price mark after the last session although the NFP data has disappointed and as well as also the Canada jobs reports was too much bad which has turned back the USDCAD price to bearish trends.


    Just whenever the market was closing last night, the price of USDCAD was trading below the 1.2690 price mark after publishing the NFP and the job reports of Canada. Overall it seems that the price of USDCAD is struggling to find the final and actual destination during the news session and the USD Index has returned its price to bearish region but the dollar index has done a weekly high above 90.00 price mark and after testing som higher price, the dollar index has pulled back its price to downwards.


    Next week, there is a most possible chance is to see a long bearish trend from the USDCAD pair because the USD Index should lose its price more and with the technical perspective, there is a support level at 1.2629 price mark which should be broken by next week and based on the USD weakness, the USDCAD may struggle more to break the support level and to trade below 1.2600 price mark.



    Name: USDCADH4.png Views: 279 Size: 51.2 KB


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    Update: 767 @ 09.01.2021 @ 10:39 PM (GMT+6)



    Greetings & Introductions:

    Hello Everyone! Greetings to you all of traders, readers and dearest fellow members of the forum and the weekend is going on and this is the 2nd weekend of this year. Whatever, the weekend is the best time to make good plans for next week although I have some lose trades by last week with the GBPUSD pair which are floating with the loss now and I am expecting the GBPUSD price to the bullish trend.


    The Motivational Quote: Limit’s on lot size and stays for a long time on Forex Market.



    The lot size is playing a vital role in forex trading meanwhile according to your equity and current margin, traders should put the minimum lot size during the trading. Whatever, it has been seen that most of the traders are losing their money using a higher lot size. The risk will depend on your selected lot size and as you use a small lot, you can survive on market for a long time. And its 100% sure that, if you can survive on market for a long time, you may just get some handsome profits just the end of the day.



    The Forecast for Gold Metal:



    Headline: The Gold metal has rebounded its price to bearish trend just end of the session and it was trading below $1850 price mark.



    Last week, there was a hugely volatile market from gold metal and especially from the USD trading and beginning of the week the gold metal was fully on bullish trend and due to the massive drops from the USD Index to bearish trends, the metal has reached to the major support level around $1960 price mark. The USD Index also has made the 32 months lower price meanwhile the gold metal has made a turned back movement to upwards after 2 months.

    In 4-hour time frame, the price of Gold metal was fully on bearish trend which has seen by last Friday and next week, I am expecting some good bearish gap from the Gold metal and the perspective looks because of the vaccinated. Although before market closing, the price of Gold metal has made three weeks lower price at $1828 price level and instantly it has recovered its price to bullish trend to $1848 price level.

    The technical indicator has shown some bearish channel by last week and the major resistance looks around $1850 price mark. But to the downside, the next relevant support looks at $1828 price mark which should be broken shortly and overall for next week, I am looking forward here a potential selling opportunity with the Gold metal which should be traded below $1800 price mark soon.


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  7. #10846 Collapse Post
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    Update:768 @ 10.01.2021 @ 03:39 PM (GMT+6)


    Index: Greetings & Introductions, Motivational Forex Quotes, The Sentiment & Forecast of Bitcoin, The Forecast for Crude Oil, The Forecast for EURUSD.


    Greetings & Introductions:


    Greetings to you all traders, readers and fellow members of the forum. The weekend is going on always there is no weekend who’s are trading on cryptocurrency meanwhile suddenly just end of the last year, the price of cryptocurrency is significantly increasing. The rapid movement has been seen already from the Bitcoin which is trading above the all-time higher price right now and it’s aiming to reach above higher price, even though the price may trade above $100K by this year but its first target should be traded first $50k.


    Motivational Forex Quotes: Greediness may destroy a traders career.


    The Forex trading may act the occupation of the desired person and always a trader wants to get outcomes from their investment. In business, everything you have to do with some limitations meanwhile the greediness may play a vital role to get not a success from Forex trading. If a trader wants to be a professional trader, then he must have to avoid the greediness during trading that if you want to be a rich man by one day, then you will lose your capital within just single hour. Whatever, with slow and risk-free trading, may bring you small outcomes but it will be last for many years and if you count the small outcome just end of the month, then it’s a huge amount.


    Name: greediness01.PNG Views: 781 Size: 975.6 KB


    The main fact is the emotion meanwhile the emotion may bring the greediness and due to overconfidence and over trading, traders are losing their capital and all of these are from greediness. After winning trade, just stop trading and control your emotions through demo trading and finally you will get reasonable outcomes just end of the year. So, the final statement should be ‘ Avoid Greediness and be a professional trader’.



    The Sentiment & Forecast of Bitcoin:

    Headline: The BTCUSD has tried to reverse back downwards for the correction to $35K but again its pulled back to upwards.


    In a long time frame, the price of Bitcoin looks fully on bullish trend and right now the price of Bitcoin is trading above $40K of its price, and the most advantage of Crypto trading is that you will get the market 24/7 and can execute trading on the weekend too. There was an impressive time with the Bitcoin with the rapid movements from Bitcoin and the price was too much hurry whenever it has crossed the previous all-time higher price and within just couple weeks, the Bitcoin price has raised to $40K, just from $20K.


    The Bitcoin is individually a coin on cryptocurrency meanwhile it has been trading on Forex market it is known as the BTCUSD with the base currency of US Dollar. Lets back to 2017-18, meanwhile that time, the Bitcoin was being more popular and with some intervals, most of the countries has banned the Bitcoin transaction due to tracking some illegal transaction through the Bitcoin. During that time, predictors were expecting the Bitcoin price to above $100K but due to lack of transaction, the price was reversed back to downwards and it has gone to $3K of its price. But now the time has been started again and its aiming to reach above $100K of its price.


    Last week, the price of Bitcoin has started its big journey to bullish trend and from $3000, the price has made a record high at $41990 of its price. And the technical chart is indicating more scope for further bullish pressure by the next day when the US Session will be started. Since a long time, the price of BTCUSD was trading around $35000 of its price and has created a barrier around the price and finally, the barrier has been broken by last day. The Symmetrical Triangle breakdown has been seen with 4-hour time frame by last day and it’s allowing to make a strong bullish region.

    In the technical index, indicators are showing a long bullish trend by Bitcoin and overall I am looking forward here a potential buying opportunity with the Bitcoin which should be trading above $50000 price mark soon. On the other side, the pullbacks movement should be seen by next week, if we see a further bullish trend from the dollar index and the price of Bitcoin may trade below $30000 of its price otherwise the bullish range should be continued to above $50000 price mark.


    Name: #BitcoinH4.png Views: 294 Size: 36.1 KB


    The Forecast for Crude Oil:

    Headline: There is no control of bullish trends from the crude oil and the quick aim should be above $55 price mark.


    Just end of the last session by last week, there was a significant movement from the crude oil which was trading above $52.69 price mark when the market was closing. The sudden hike price from the crude oil is indicating a more bullish breakout by coming days and the price should be brushed above $55 price mark soon. Since 24 Februrary’2020, the current price is the most higher price during this pandemic situation although due to the massive infections of Covid-19, predictors were expecting a pullback movement to downwards from crude oil below $50 price mark.

    Whatever, In 4-hour time frame, the price of Crude Oil fully looks on bullish trend although there was not much news of crude oil that it should make a long bullish trend and due to vaccinated, the price has moved to upwards significantly. The recent upside should be a pullback to downwards if the Dollar index will get some proper strength to the bullish trend. Now the crude oil has entered on the big bullish zone and by next couple weeks, we may see a huge bullish breakout and overall, I am looking forward here a potential buying opportunity with the crude oil which should reach above $55 price mark first and then $65.


    Name: #CLH4.png Views: 283 Size: 40.6 KB



    The Forecast for EURUSD:


    Headline: The EURUSD has bounced back to downwards and has broken the support level 1.2214 price mark.


    The price of EURUSD has dropped significantly below 1.2200 price mark just end of the last session by last week, and traders are expecting a bearish gap by tonight due to the hike price from USD Index. The EURUSD price has turned back its price to the bearish zone during last Friday session and the price has broken the weekly support level 1.2214 price mark and has reached to the weekly lower at 1.2193 price mark.


    The price of EURUSD has created a short term upward zone during the last December’20 and due to the massive drops from the USD Index, the EURUSD pair was trading above the 32 months higher price. End of the last weeks selling pressure has shown the new channel and the new channel may be removed if we see the further downside pressure from the USD Index. Psychologically, it is very important to understand the next trend and with some technical indicators, the EURUSD pair is showing some good signal for short term traders to put sell orders but for long term traders, overall I am looking forward here a potential buying opportunity with the EURUSD pair which should be traded again above 1.2400 price mark till 20 January of this year because President Trump has said that he will leave the Whitehouse on 20 January of this month. Because the situation will be changed when president trump will handover the power to the new president Joe Biden.




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    Update: 11.01.2021 @ 05:11 PM(GMT+6)



    Index: Greetings & Introductions, Trades Updates, The Forecast for the USD Index, the Gold Metal & the EURUSD Pair.



    Greetings & Introductions:



    Hello Everyone! Greetings to you all and the 2nd week of the new year have been started already and the first of 2nd week, we have seen a pullback upwards movement from the dollar index which has changed the price of others USD pairs. This morning after opening the market, the price of USD Index has made a higher price at 90.43 price mark. Whatever the pandemic situation looks being more dangerous on US and EU countries meanwhile there is a national lockdown in the UK due to the massive infection by the new strain.




    Trades Update:


    Last week, I have done some GBPUSD buy orders which are floating with very big loss right now although last week, there were some profits which have turned to loss right now. Due to the massive hike price from the USD Index to a bullish trend, the price of GBPUSD has opened its price with a little bit bearish gap and right now the price of GBPUSD is trading around 1.3500 price mark and very soon, we may see the pullback movement to bullish trend just above 1.3650 price mark by next session or next day.

    Right now the price of GBPUSD is trading below the two weeks lower price and earlier on Monday during the Asian session, the price has dropped its price to the session low below 1.3500 price mark due to the massive strength of USD Index. The support of 1.3532 has been broken earlier in the beginning session today. Although GBP investors were expecting a long bullish breakout from the GBPUSD pair which should trade above 1.3700 price mark or above. The further downside pressure may be started soon and during the next US session, we may see a drop from GBPUSD pair around 1.3450 price mark.


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    The Forecast for USD Index:


    Headline: The price of the dollar index has started its week around 90.50 price region earlier on Monday.


    The Dollar Index looks fully on bullish trend and right now exactly the price of USD Index is trading above 90.40 price mark. The greenback movements have been started earlier in the morning today and it has made a higher price at 90.48 price mark and the yield looks a clear bullish trend and it should be extended its price to more bullish trend above 90.80 price mark by today’s US session. Last week, there was a bearish momentum from USD Index although, with a technical view, the downside momentum has not finished yet that any time the price may pull back to downwards again as before we have seen that things too much after the US election.


    There will be a huge impact after 20th January meanwhile President Trump will hand over the power and position to Joe Bidden although still, he is not convinced about the election 2020. The new President Joe Biden has promised that he will work for the USD Index and US economy. At this moment with some technical indicator index, that the dollar index has gained its price of 0.25% by today meanwhile there is a monthly high at 91.01 price mark and now the USD Index is aiming to reach above this higher price today’s session or next session. So, overall for short term traders, I am looking forward here a potential buying chance with USD Index and for long term traders, before 21 January, I am looking here a good selling chance.


    Name: #USDXH4.png Views: 260 Size: 37.8 KB



    The Forecast for Gold (XAUUSD):

    Headline: After making a daily low at $1817 price mark, the yellow metal is trying to recover its price to the bullish trend.

    In 4-hour time frame, the price of Gold metal looks a little bit on bullish trend meanwhile earlier in this morning, the price of gold metal has made a daily low at $1817 price mark and right now it's trading above $1848 price mark. Due to the bullish pressure from the USD Index, the price of Gold metal has pulled back to downwards but right now due to less pressure by USD Index, the yellow metal is trying to pull back its price to bullish trend around the $1850 price region. With some fundamental feedbacks, there is a strong region around $1880 price mark and the gold metal price is aiming to reach around $1880 price mark by this week.


    The daily support seems at $1817 price mark which should not be broken shortly meanwhile the hourly candles are not giving proper indications for further bearish trend and the technical indicators are providing some buying signals for Gold metal and overall, I am looking forward here a potential buying opportunity with the Gold metal which should reach above $1900 price mark again by this week. On the other side, any positive feedback from USD currency and Covid Vaccine, the price may turn its trend to bearish trends and it may reach below $1800 price mark.


    Name: GOLDH4.png Views: 255 Size: 34.7 KB



    The Forecast for EURUSD:


    Headline: The Price of EURUSD is trading below the multiday lower price and aiming to create a new region around 1.2050 price mark.

    Last night after opening the market, the price of EURUSD has dropped significantly and the reason behind the issue is all about for the USD Index meanwhile the Dollar index is strengthening and it's making a good pressure on EURUSD pair to trade below the support line. Now the price is aiming to break the support 1.2130 price mark which should be broken during the US session today. The recovery greenback movement should not be started too early because of the bearish momentum meanwhile after two weeks, the price of USD Index is trading with the positive territory and the momentum is close to reaching above 91.00 price mark soon.


    Sellers are gaining profits from the EURUSD pair whereas the sentiment looks being more weaker from the downside pressure from USD Index. During last week, the price of EURUSD has started its movement to bearish trend and this morning, the price has extended for weakening and the negative mode of EURUSD should be continued for couple days but any negative news may turn the trend of EURUSD to bearish trend. In addition, due to the massive spreads and infection of Covid-19 is being more weaker of EUR currency meanwhile some countries are on National lockdown. Overall, the pandemic situation is weakening the power of the EUR currency.


    In technical indicator index that indicators are still indicating a bearish pressure from the EURUSD pair and overall I am looking forward here a potential selling opportunity with EURUSD pair which should be trading below 1.2050 price mark by this week. On the other side, this week there are some important news on EUR and USD currency which may change the trading term and any negative change the pair price to the opposite direction.



    Name: EURUSDH4.png Views: 433 Size: 50.1 KB



    Thanks for being with bappy4x . Happy Trading.


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    Update: 770 @ 12.01.2021 @ 01:48 PM (GMT+6)


    Index: Greetings & Introductions, The World Economy, The Sentiment of USD Index, Traders update from GBPUSD, The Forecast for USDCAD, Gold and EURUSD.


    Greetings & Introductions:


    Hello Traders! Greetings to you all Respected Readers, Traders and fellow Members of the mt5 forum community. The Mt5 forum community is being more popular globally meanwhile the authority of the forum still updating the forum with some new feathers and hope so that very soon we will see more implementation of the forum. All arrangements are for readers and traders and if you readers and traders get something from us then it will bring more happiness to us. Whatever, 2nd day of the week has been started already although last day, we may see some major movements from major pairs although we know about the Monday as slow and steady Monday and coming days, we are expecting a huge breakdown from major pairs.


    The World Economy:

    Due to the Covid-19 pandemic situation, the world economy is being a more dangerous time to time and last year the global economic development was just above the deadline or some specialists are saying as the medium term. The Pandemic situation has made a very bad impact on developing countries, especially on Industrial and Garments production countries. The Extensive statistical view is asking for further arguments and decline for the current global economic situation.

    This economic situation has made a huge impact on Forex and stock trading meanwhile we know everyone that last year, due to lockdown in April, the price of Crude has gone to the negative price although right now the price of crude oil has been correcting its price since November-December of last year.



    The Sentiment of USD Index:



    The Dollar Index has raised back to upwards since last week and beginning of this week, we did not see any fall back movement to downwards and right now the price of USD Index is trading around the 90.50 price region and this region should be extended to 91.00 price region by this week.


    The USD Index already hit the two months higher price meanwhile in the last session, the price of Dollar Index has made a high at 90.70 price mark. And the greenback movements should be continued till the further bad data of USD currency. Although I did not see any fundamentals reason for the movement of USD Index meanwhile President Trump still on power who has promised that by 20 January, he will hand over the power to Joe Biden but still he is not happy with the last Election. The president trump supporter has attacked a few days ago and this issue should be the reason for the weakening of the dollar index whereas the USD Index is rising up. Under Biden’s leadership, the USD Index may make a further bullish trend although the new president has promised to work for the USD currency, I mean te whole US economy.

    Technically, In 4-hour time frame, the price of USD Index fully on bullish trend and after opening the market by last day, there was a positive sign for the bullish trend and last night the USD Index has made two months high at 90.70 price mark and the lower price of this week is at 90.05 price mark. Right now, the price of USD Index is testing some lower price but after testing some lower price, the price of USD Index should pull back its price to upwards and overall, I am looking forward here a potential buying opportunity with the USD Index whish should be traded above 91.50 prie mark by this week. On the other side, any bad data of USD currency may pullback to downwards below 90.00 price mark again.


    Name: #USDXH4.png Views: 357 Size: 37.7 KB


    Trades Update: Current Trades from GBPUSD


    For some positive outcomes, Last week I have done some good buying orders from the GBPUSD pair although these trades have profited before. But because of decent outcomes, I did not close my trades and right now I am struggling with my current orders. I have 50 cents orders in total although its no a big deal if we think about the risk management that I can survive on market for long times.


    Technically, the price of GBPUSD has started its movement to a bullish trend already and with some technical indicators, the trend is indicating a further bullish trend from the GBPUSD pair whereas right now, the price of GBPUSD is trading above 1.3550 price mark. And overall, I am looking forward here a potential buying opportunity with the GBPUSD pair which should reach above 1.3650 price mark soon.


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    The Forecast of USDCAD:

    Headline: The USDCAD has accelerated its price to bearish trend and expecting the recovery to bearish trend to 1.2600 price region.



    In 4-hour time frame, the price of USDCAD fully looks on bearish trend meanwhile last day, the price of USD Index has made a long bullish trend and due to this reason, the USDCAD was moving to upwards and the price has made a high price at 1.2834 price mark. The major resistance level has been created already which should not be broken too early. The rising channel of the USD Index has converted to bearish trend right now and now it's just tracking the movement of USD Index.


    The Dollar’s Index pullback was helping the movements of USDCAD pair but according to the USD Index, the USDCAD is also pulling back right now. But technically, the bullish trend has not finished yet until we get further bad news of USD Currency. Coming on US session, we may see the further pullback movement to upwards and the technical indicators are showing a long bullish breakout and if the price can break the resistance mark at 1.2834 prices, then it must reach above 1.2900 prices or above.


    Name: USDCADH4.png Views: 239 Size: 52.6 KB



    The Forecast of Gold Metal:

    Headline: The Gold metal has climbed to the safe zone around $1860 price region.



    The Precious metal Gold has raised back to upwards during the Asian Session today and still the price is fully on bullish trend and aiming to break today’s high above $1860 price mark. The weekly low is at $1817 price mark and beginning of the week, the gold metal price has pulled back its price to downwards and after creating a major support level at $1817 price mark, the gold price has started its journey again to upwards.


    Now the USD Index is pressuring the Gold metal to move upwards and the gold metal is hovering to make a new weekly higher price by today. The pullback movements have been started by last night and with the technical perspective, major indicators are showing some buying signals from the gold metal. So, overall right now I am looking forward here a potential buying opportunity with the gold metal which should reach above $1880 price mark by today or next day. But any good news from USD Index may turn the trend to bearish trend and after breaking the support $1817 price level, the price should go through to trade below $1800 price mark.


    Name: XAUUSDH4.png Views: 239 Size: 34.8 KB



    The Analysis & Forecast of EURUSD:


    Headline: After creating a new support level at 1.2132 price mark, the price of EURUSD has pulled back its price to upward.



    The previous support level has been broken by last day and the price of EURUSD has created a new and strong support level at 1.2132 price mark. Last day, the EUR currency was weakening and on the other side, the USD currency was strengthening. Due to these two reasons, the price was fully on bearish mode but right now the price of EURUSD is pulling back to upwards and exactly it’s trading around 1.2170 prie mark.



    Last week, there was a pullback movement from upwards to downwards, and there was a high price has seen by last week at 1.2350 price mark and this price has marked as the major resistance level. The Jump to the bearish trend was too much high movement and it has made a low at 1.2132 price mark which has noted as the major support level for further analysis. According to technical indicators and chart, the EURUSD price should be extended its price to the bullish trend by this US session and overall I am looking forward here a potential buying chance with the EURUSD pair which should be traded above 1.2200 price mark soon.


    Name: EURUSDH4.png Views: 239 Size: 50.5 KB



    Thanks for being with me. Happy Trading


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    Update: 771 @ 13.01.2021 @ 06.10 PM (GMT+6)


    Index: Greetings & Introductions, Closed Trades Update, Current trades Update, Forecast of EURUSD & Gold metal.


    Greetings & Introductions:

    Hi Everyone! Greetings to you all Readers, Traders and fellow members of the forum although the market sentiment looks not stable during the 2nd week of the year. Last night the dollar index was attempting its price to bearish trend and it has made a lower price at 89..89 price mark and again a few hours ago, the USD Index has pulled back its price to upwards again and still, it’s making a good range to the bullish trend and this movement has made a huge impact on USD Trading.


    Trades Update: Closed Trades


    Finally, after such a long time, I have managed some profits from the GBPUSD pair although last couple years, I was away from currency pair trading meanwhile I was converted to commodity trading and this is very true that, from commodities trading, I have managed a huge sum of money during last year.

    From yesterday, the price of GBPUSD has started its movement to upwards and just a couple hours ago, I have closed my trades around $36 of profits which is enough for me right now meanwhile I was struggling with these trades for a long time.


    Name: closedtrades13012021.PNG Views: 508 Size: 22.0 KB


    Trades Update: Current Trades


    After closing my GBPUSD trades, I have planned to buy from the Gold metal and I have done already these buy orders with 0.07 lot size meanwhile this week the price of Gold metal has made a major support level at $1817 price mark which should not be broken too early and it should pull back its price to upwards above $1880 price mark again.


    Name: opentrades13012021.PNG Views: 221 Size: 16.2 KB


    The Forecast for EURUSD:

    Headline: The EURUSD has declined again the bullish trend and it's trying to correct its price to a bearish trend.


    In 4-hour time frame, the price of EURUSD is trying back to downwards again and right now it’s exactly trading below 1.2180 price mark. The EURUSD pair has rebounded its price to bearish trend to trade around the major support level at 1.2130 price mark. The Dollar Index is strengthening during the London session and still the price of USD Index is fully on bullish trend and its exactly trading above 90.20 price mark and I am expecting more bullish trend from the base of USD currency.


    The Initial spike has started to bears trend today earlier in the morning and the trading region of EURUSD has changed to bearish trend and the price has made a daily low at 1.2170 price mark. The USD bulls are concerning the price of EURUSD to the more bearish trend by coming hours and within few times, the US session will be started and we may see more drops from EURUSD pair to the bearish trend. So, overall right now I am looking forward here a potential selling chance wth the EURUSD pair which should be broken the major support level and it may reach below 1.2100 price mark by this week.


    Name: EURUSDH4.png Views: 225 Size: 51.3 KB


    The Forecast for Gold:


    Headline: The Gold metal still on sustained to create a long bullish breakout meanwhile it has made a resistance level at $1861 price mark.


    The precious metal still looks on struggles to make a solo directional trend to bullish trend and the price has declined from the weaker resistance level from $1861 price mark. Last day, the gold metal has pulled back its price to downwards and has created a daily low at $1837 price mark and the underlying sentiment is indicating more drops from the current price. The USD Index is pressuring on the Gold metal to move to bearish trend meanwhile due to the vaccinated, the Gold metal is weakening like before the US election time.

    Apart from the USD Index, since a long time, the price of USD index was moving to downwards but if we compare with the Gold metal, then the gold metal should reach above $2200 price mark to the all-time higher price of gold. Whatever there is a most possible chance to see a drops again from the USD Index which should pressure on the Gold metal and overall, I am looking forward here a potential buying chance with the gold metal which should be traded above $1880 price mark by this week.


    Name: XAUUSDH4.png Views: 218 Size: 34.6 KB


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  14. #10850 Collapse Post
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    Update: 772 @ @ 14 January 2021 @ 10:32 PM (GMT+6)


    Index: Greetings & Introductions, Closed Trades Updates, Open Trades Updates, The Covid-19 & UK, The Sentiment & Forecast for USD Index and The Forecast for GBPUSD.


    Greetings & Introductions:



    Hi Everybody! Greetings to you all fellow members of the forum, readers and traders and hope so that you traders are trading well meanwhile there was a huge chance to trade with the commodity although chances have not finished yet that we have full one day left for trading. With proper money management and lot management, traders may earn some big profits with a certain time but without a plan, you may get profits for a single time but the end of the day, with a wrong trade, you may kick out from the market. Whatever, avoid overtrading and go through with slow and steady trading that you can survive on market for long and always you should be remembered that your profits ratio should be proportional to your staying time on the Forex Market whatever you are doing currency trading or commodity trading.



    Trades Update: Closed Trades Update


    Yesterday I have executed lots of trading through the precious metal with some buy and sell which means, I have done scalping and I was successful for each and every trades. Actually whenever, A trade wins some good trades then, the confidence level goes to a higher level and that time, traders are doing some great mistake. Whatever, I have closed my trades successfully and I have gone for the next plan.


    Name: closedtrades14012021.PNG Views: 220 Size: 32.6 KB



    Trades Update: Open Trades Update


    After closing my orders, I was fully determined that the lower price of this year is $1817 price mark and the gold metal was trading around the support level and I planned to put some buy order from the gold metal and finally I have done it. Finally, my trades have profited with some good pips and after getting some more pips, I will close my trades.


    Name: opentrades14012021.PNG Views: 183 Size: 14.7 KB


    Covid-19 & UK:


    The current situation of Covid-19 looks not cool nowadays meanwhile you traders know about the new strain of Covid-19 which is spreading too much although richest countries already have started their vaccination programme. But still, it’s on doubt that how much it will work next because predictors are telling that, the Covid-19 is coming with new genie and strain which may more danger on coming days. But the world is ready always to protect and still, scientist are working on it but for full vaccination programme will take more time. But the concern is all about the poor countries and developing countries that they are not getting the vaccination programme easily and these countries have divided the vaccination programme with several parts and within one year, everyone will be vaccinated. Let’s pray for the world because this pandemic situation also has made a huge impact on trading and it may create more impact on the coming days.

    Earlier in London session today, British Prime Minister Borish Johnson has said about the schedule meant of the vaccination programme for coming days meanwhile the UK has done the first phase of vaccination and now they are looking for the second phase whereas they are only targeted only higher-risk people for this phase. Also, the infection is increasing day by day in the UK and the government is more concern about it and they are holding on with the national lockdown.


    Name: #ukcovid19.PNG Views: 186 Size: 111.0 KB


    The Sentiment & Forecast for USD Index:


    Headline: Fed Chair Powel speaks may make a huge impact on USD trading and the USD Index will be on under pressure.



    Within two hours, there is a piece of very important news as’ Fed Chair Powel Speak’ which is the one of the most significant news on monetary issue meanwhile predictors are expecting much volatile market during the news time. There are both chances to see the upside and downside pressure from this speaks, but specialists are asking as that’ The Dollar Index will be on pressure’ which means we may see some good trend to bearish trend.

    Although after such a long time, there is a good week for USD Index meanwhile this week, the price of USD Index has made some good bullish trend and the weekly high is at 90.70 price mark and this is above 3 weeks higher price although the price has done couple tries to move downwards and the weekly lower price is at 89.89 price mark.


    Technically, the price of dollar index has created a major resistance level at 90.70 price mark and there is weaker support at 89.89 price mark. Although last couple weeks, the price of USD Index was trading below the support line and this weaker support may be broken by this night and overall, I am looking forward here a potential selling chance with USD Index which should be traded below 89.89 price mark and then below 89.00 price mark.

    On the other side, there is a huge chance to see a long bullish trend from the USD Index meanwhile after few hours, Mr Powel will speak and according to his speech, we may get some good data from the USD currency which may make pressure on the dollar index to move upwards and the price may reach above 91.00 price mark or above.

    Name: #USDXH4.png Views: 185 Size: 40.9 KB


    The Forecast for GBPUSD:


    Headline: The GBPUSD pair is eyeing to reach above 1.3700 price mark by tonight.

    In 4-hour time frame, right now the price of GBPUSD is fully on bullish trend although yesterday, the price of GBPUSD was moving to downwards but earlier today in the Asian session, the price of GBPUSD has pulled back its price to upwards. Due to this sudden hike from the USD Index, the price was moving back to downwards and now the dollar index is weakening and due to this reason, the price of GBPUSD has moved to upwards.


    This should be noted that tonight Jerome Powell will speak for some upcoming issues and this news may make a huge impact on GBPUSD trading and overall I am expecting the bullish pullback from the GBPUSD pair and the major resistance level should be broken shortly and overall I am looking forward here a potential buying chance with GBPUSD pair which should be traded above 1.3750 price mark and on the other side, due to some positive feedback about USD currency, then the GBPUSD may turn below 1.3550 price mark.


    Name: GBPUSDH4.png Views: 607 Size: 46.5 KB


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