The bonus for week-21 updated but I got nothing while I have posted, I don't know when the forum bonus system works accurately, yesterday we saw some banks were on holiday so that's why we have not seen any significant movement in the market but today I am seeing it's a very good day for the traders because the economic calendar is full with the news events, within few minutes the news of the RBA statement of the Australian Dollar will release that is dangerous news but expected in this news it will show the strength, today all the day the impact of the OPEC meeting will be vital in the market. GDP m/m of the Canadian Dollar is showing the positive rate and in USD/CAD currency pair CAD is not the base currency so that's why USD/CAD will decline today means to say that Dollar index will decline and the Canadian Dollar will get the strength. Bank of England GOV Bailey speak is important also the news of the FOMC member Benaird speak is important but the data of these news events is not provided so any side movement is possible but some of the news events are showing a decrease in the price of the Dollar index and trend of the Dollar index is bearish so that's why I am expecting the declination in the Dollar index and growth in other major currency pairs.
Yesterday my trade was in some major loss but now today I am seeing that the loss amount reduced because the EUR/USD now moving in my trade side and in the trend side because I have the bullish trade so that's why I will hold this trade at least for the 50 pips profits, now my trade is in 4$ loss, what's your opinion guys about my this active trade?
Yesterday I shared the technical analysis of the AUD-USD currency pair but my suggestions were with the bears because the price was below the triangle and the moving average line but the minor possibilities of the upside movement were also there and a final result I saw that yesterday it created the bullish candle that was not so much stronger but today the power of buyers is increasing more and now the price is in the triangle and that's why now the bullish opportunities this pair is creating, it's next two possible targets are to test the resistances 0.78881 and 0.79991, at weekly and at the monthly time frame already it's in a bullish trend so that's why buying is safe now at this currency pair, targets I already write in the paragraph so read it carefully.
Yesterday some banks were at on the holiday but still, we have seen some good movement at the EUR-USD currency pair because it created a stronger bullish candle at the daily time frame while last Friday it created a bullish pin bar candle that was enough to active the bullish trade at this pair, as you can see my bullish trade is already activated at this pair so that's why I will suggest you buy it, my target is 1.23450 because at this price we can see the stronger resistance.