Hello everyone, and welcome to my trading journal, today's market is off and will open next Monday but crypto trading is active if someone wants to trade in them then they can easily do it. Today many members received a 23-week bonus but still, we are waiting for our bonus, I don't know what is the problem regarding bonus distribution because some members receive their bonuses regularly while some members-only waiting for that, I am requesting to administration team kindly solve this issue as soon as possible.
On Friday I took two small lot size trades and then closed both the trades in small profits, I closed both the trades immediately because I didn't want to hold my trades during weekends days, that's why when both the trades went to profits then I closed it and locked some small profit from both trades. Yesterday nonfarm payroll data came negative which shaken the US dollar and it lost strength against all major currencies, next week will be more interesting for all USD-based pairs, so let's prepare yourself for upcoming trades.
USD/CAD Trade opportunity
The USD/CAD pair rose to its highest level in a week at 1.2134 on Friday but turned south in the second half of the day. After dropping to a daily low of 1.2070, the pair seems to have gone into a consolidation phase and was last seen losing 0.15 on the day at 1.2083. For the week, the pair remains on track to close little changed. The pair is still under the bearish zone and shows the oversold condition, that's why it needs correction into the upside, so it is good to buy on dips around 1.2050 for the target of 1.2150 with a stop loss at 1.2000 regions.
Hello everyone, and welcome to my trading journal as you know today is the last day of the trading week next two days will be off, so good is that to close all your pending orders and prepare yourself for the upcoming week.
Today GBP retail sales data came into the market, unfortunately, all retail sales data were negative that's why GBP lost its strength in the market and it down against all major currencies, now all GBP pairs enter into oversold conditions but due to negative data still GBP under pressure and have no sign to recover its value against USD and other major currencies.
After a long time yesterday I submitted a withdrawal request and today I had received my withdrawal successfully, the financial department is so supportive and professional they process withdrawals request very fast, I must appreciate their efforts and say thanks to them.
EUR/USD Trade Opportunity
EUR/USD plummets to fresh levels below the 1.1900 mark on Friday, always in response to the strong improvement in the sentiment surrounding the greenback exclusively following the FOMC event on Wednesday. In the meantime, support for the European currency comes in the form of auspicious results from fundamentals in the bloc coupled with higher morale, prospects of a strong rebound in the economic activity, and the investors’ appetite for riskier assets. So far, the spot is losing 0.24% at 1.1876 and a breakdown of 1.1867, which would target 1.1835 and route to 1.1704. On the flip side, the next hurdle comes in at 1.1991 followed by 1.2035, and finally 1.2064.
Hello to everyone, and welcome to my trading journal after so many days today I am updating my trading journal because I was busy with different projects and was unable to update my journal, besides I am so disappointed because I didn't receive any bonus from last few weeks, I don't know what is the problem.
The previous week I took a small buy trade in GBP/USD, at some stages it went to profits but I didn't close and now the trade is in deep trouble because it's in loss and my capital is also not much healthy so I am very concerned about GBP/USD trade and hoping for quick recovery.
Today some very important news was expected which was CB consumer confidence and ECB governor Legarde's speech, US consumer confidence data came to beat its expectations and came positive which was very good for the US dollar and it gained very good value in the market against all major currencies. If upcoming days data come also positive then there's no doubt USD will be gain more strength in the market.
GBP/USD Trade opportunity
The GBP/USD pair bottomed at 1.3813 and then rebounded, trimming losses. It is trading near the 1.3850 area, still in negative ground for the day but off lows. The recovery of the cable was favored by a pullback of the dollar across the board. The GBP/USD managed to remain above 1.3800, however it is still under pressure. The area around 1.3800 is strong support that if it is firmly broken it could lead to an acceleration of the decline. The next area stands at 1.3660/65.
A recovery above 1.4020 is needed to change the short-term bias to the upside. Before that level, a strong resistance emerges at 1.3890 and 1.3950.
Hello to all forum members and traders.
Welcome to my trading journal, after a very long time today I decided to update my trading journal with new enthusiasm, last time I didn't receive any bonus due to some unexpected bonus distribution problems, now I think the problem is fixed and I hope for a good bonus, that's why I am here and want to share and update my trading journal once again.
Current Trade Position
Today I took one small sell trade in GBP/USD pair at the point of 1.3830, now the trade is in small profit but still, I am looking for more because I strongly believe the pair will go down to more in an upcoming hour's that's why I want to hold my trade for some more time, trend conditions also shows bearish momentum so it is good to wait for more bearish pips.
The GBP/USD pair refreshed daily lows during the early North American session, with bears now looking to extend the downward trajectory further below the 1.3800 marks. Currently, the pair is trading just above 1.3800 marks but the market situation of GBP/USD pair indicates the bearish trend, for now, The pair extended Friday's sharp intraday retracement slide from the vicinity of monthly tops and witnessed some follow-through selling on the first day of a new trading week. The US dollar jumped back closer to last week's swing highs amid expectations for an imminent Fed taper announcement. This, in turn, was seen as a key factor that exerted heavy downward pressure on the GBP/USD pair.
Hello dear forum members
Welcome to my trading journal today is the second trading day of the week I hope everyone doing their best in forex trading, today I want to update and share my current trading activities and also share some good trading opportunities so let's start it.
Current Trade position
One of my small sell trade in GBP/USD is still open and now the trade is running in some small losses, yesterday I shared this current trade position and it was in profit but today it consolidates in a loss. The market is still completely uncertain and no one can guess the next right momentum that's why today I changed my plans and want to close my trade when it goes to some profits.
Today News Events
Today some very important US financial data will be due, which is the consumer price index we know when this type of data is very important for upcoming USD prices, if today consumers price index data comes positive then USD will be gaining more strength against all other currencies while if these data comes negative then USD will lose its value against all other currencies. So we need to focus on these data outcomes.
The precious metal initially cheered risk-on mood before the cautious sentiment ahead of the US Consumer Price Index (CPI) data weighs on the gold prices inside a familiar trading range between $1,780 and $1,804. Gold is consolidating in the range of 1780 to 1800 from last few days, we can't see any huge changes in last few hour's which mean that gold stays calm due to the lack of any important news and events. For the upcoming direction 1780 level seems to be the strong support level while the 1800 level seems to be the strong resistance level, so for any trade, we need to understand both resistance level and support level because these two levels will be decided the next target.
Sell Below to 1780 for the target of 1750
Buy above to 1800 for the target of 1830
Welcome to my trading journal, again I am here to update my trading journal with new updates and information, my priority is always to provide some good trading opportunities and some useful information, so let's see and discuss what's going in the market.
Yesterday I closed two small trades, one trade was in the loss while another trade in profit. I faced some losses from GBP/USD trade because my trade was in sell and the pair went to the upper side that's why I decided to close my trade-in losses. After that immediately I took a buy trade in gold and very quickly that trade went to profits and then I closed the trade in profit, so at the end almost I recovered my losses.
Yesterday US consumer price index came negative and it disappoints investors to purchase further USD, today UK consumer's price index data are due which is very important for all GBP pairs. If CPI data comes positive then it will be very good for GBP strength while if CPI data comes negative then GBP will be likely to lose its value in the market, so we need to watch it closely and then decide for trades.
Despite the weak US consumer price index data EUR lost its strength against the USD and currently, the pair is trading just above 1.1800, yesterday the pair reached to 1.1850 level but due to strong US bond yields, the USD perform well against EURO and other currencies. Technically the 50 and 20-day simple moving averages (DMA) around 1.1800 offer strong downside support to the EUR/USD bears targeting the late July lows near 1.1750. Meanwhile, the corrective pullback may aim for 1.1850 but remains doubtful until staying below the double tops around 1.1910.
Buy above to 1.1830 for the target of 1.1880
Sell below to 1.1790 for the target of 1.1750
Hello dear traders and forum members.
Welcome to my trading journal, I hope everyone is fine and doing their best and forex trading. Today I want to share my trade position with all of you and also trying to analyze different currencies pairs, so let's start it.
Yesterday I closed two small trades in little profits, both of the trades were in GBP/USD pair when UK CPI data comes positive then I decided to purchase GBP against US dollar so I took buy trades in the pair and after some time both trades went to profits, I closed both trades at the same time. I am happy with this small profit because it will be very good for my small capital account.
Today some very high-impact financial data are scheduled, which is very important for all USD pairs. The data are core retail sales, retail sales, Philadelphia fed manufacturing index, and initial jobless claim, this all data will be very crucial for USD strength, if this data comes positive then USD will be gaining more value in the market while if it comes negative then USD will be suffering more in the market and it will lose its current strength against all major currencies. So we need to wait for it and only take our trades after data results.
Gold lost its strength against the US dollar and comes down again from 1804 level to 1792 level. From the last few hours, there is no major movement seen because now all intentions are shifted towards today's retail sales data and jobless claim data, most of the investors waiting for today data results in that's why gold prices are still calm and have no any huge impact seen from yesterday. For all of us, it is good to wait for confirmation of the financial data results because it will clear further direction.
Buy above to 1800 for the target of 1830
Sell below to 1780 for the target of 1750
Hello dear traders and forum members.
Welcome to my trading journal, today is the last trading day of the week because the next two days will be off, so it is good to keep this thing in your mind when you want to take a trade in the market. I am here to update my journal so let's see and discuss some possibilities and opportunities in the market.
Today I took a small buy trade in gold and now the trade is in profit, yesterday we seen a huge downfall in gold prices it straight down from 1800 level to 1745 level, this huge downfall was due to strong US retail sales growth because US retail sales data came positive and most investors purchase USD against gold. Today I took this small trade on the buy-side at the point of 1758 and want to hold at least for 1765 because gold prices need some good correction after a huge selloff.
European CPI data are scheduled which is very important for all EUR pairs if this data comes positive then EURO will become stronger against all other currencies while if this CPI data comes negative then EUR will lose its current position against all major currencies. This is the only important financial data that is scheduled today.
After strong US retail sales USD gained very good value against GBP, yesterday the pair was down from 1.3830 to 1.3760 level but then after correction, the pair managed some gain and now the pair is trading at 1.3800 level. Today UK consumer's price index data also came negative that's why it is a strong chance the pair will go down again in upcoming hours.
Buy above to 1.3830 for the target of 1.3880
Sell below to 1.3800 for the target of 1.3750
Hello dear traders and forum members.
Welcome to my trading journal, today's market is off and will open on Monday but as usual, I am here to update my journal with my trades positions. So let's start it and discuss some good trading opportunities for the upcoming week.
On Friday I took three small trades in different trading instruments, two of the trades were in gold and successfully I closed both of the trades in profits, another trade was in GBP/USD pair and I closed that trade also in some profit. So I managed some little profit from all three trades which is very helpful for my small capital account, I will also try the same trading practice in the upcoming week for some more gain.
The previous week was full of important news and financial data, United kingdom CPI data came positive while US CPI data came negative, United kingdom average hourly earnings and climate count change data came very positive, same like this US retail sales data also came positive which boost US dollar in the market. So last week was very busy in terms of news and financial data outcomes.
The previous week was very tough for gold price because gold was down from 1800 level and now standing at 1754 level, this huge selloff in the gold was due to strong USD demand. US retail sales data came positive which was very supportive for USD strength So gold lost its strength and came down very sharply. For the upcoming direction, a strong support level is present at 1745 area so if gold manages to hold this support level in the upcoming week then it will gain from its current position.
Buy above to 1750 for the target of 1770
Sell below to 1745 for the target of 1730
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