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Thread: Forexreal Trading Journal

  1. #171 Collapse Post
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    Greetings and welcome once again to my trading journal dear friends hope every one is safe and enjoying profitable trading, current week is very unpredictable and uncertain many traders lost their capital due to high volatility but many of them earns a lot of money so simple is that risk always pay good but if we manage it so my best wishes with all of you best of luck.

    ANALYSIS ABOUT USD/JPY

    Today i want to share my key analysis about usd/jpy so let's start and discuss some possibilities and opportunities for upcoming hour's, currently the pair is trading above to 106.00 US dollar shows bullish performance from last two days it become strong against most of the major currencies, yesterday core durable goods data comes very positive and same like that initial jobless cliam down from higher level so these developments support US dollar across the board, with these developments US 10y bond yields also jump and reached to highest level since one year so this development also play a vital role and USD become strong against JPY, current week is very bearish for JPY most of the big investors sell JPY against other currencies and this rally still in full swing so may be upcoming days will be more bearish for JPY that's why my suggestion is that buy USD/JPY on every dip.

    TECHNICAL OUTLOOK

    USD/JPY trading above to 106.00 which indicated bullish trend, last night it will reached to 106.40 which is the highest level since September 2020, for upcoming direction now 106.40 seems a strong resistance if usd/jpy break 106.40 successfully then next target will be 107.00 and then 107.50 while at the bottom side immediate support is located at the point of 105.75, if usd/jpy comes down and break 105.75 support level then next target will be 105.00 and 104.50.

    RSI ABOUT USD/JPY

    When we apply RSI on 4H time frame it stands above to 50 level and very closed to 70 which indicated strong bullish trend, but may be it will pullback at least to 50 level again and then jump, so if RSI hold that 50 level chances of more bullish momentum will be on the way while if that 50 level cross at the bottom side then may be it will retest 30 level again but in broad picture the whole scenario is bullish so i am suggesting to every one is that buy it on every dip.
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  3. #172 Collapse Post
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    ANALYSIS ABOUT EUR/USD

    Dear forum members today market is off but for upcoming week i want share some useful analysis about Eur/usd, last two days was really good for US dollar because almost it gain 2 hundred pips against EUR and the rally still in full swing, Fed bond purchasing schemes boost 10 year bond yields and it reached to highest level since 1 year that's why Eur/usd down from 1.2240 and now closed at 1.2070 area which indicated bearish trend for upcoming days so next week opening will be very important if the pair is open with negative gap then it confirm more bearish momentum at least to 1.1950 so we need to focus on monday opening, technically a support level is located at the area of 1.2050 if Eur/usd successful break that level then next target will be 1.2000 and then 1.1950, but another side if Eur/usd hold 1.2050 support level then it will move upside once again and it face a resistance level at the area of 1.2100 so my trading advice is that sell it on every spike with some tight stop loss.

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    ANALYSIS ABOUT GBP/USD

    GBP/USD lost 300 pips just in last two days and now market closed at the area of just above to 1.3900, in previous week it reached to 1.4230 which was the highest level since 3 years but then quickly reversed and the pair is down and lost round about 3 hundred pips just in two days, US GDP, US core durable goods and initial jobless claim comes very positive and the impact is that US dollar gain some very good value against all major currencies specially in last two days, and this rally still on the way the pair is slowly coming down to bearish zone and definitely it will target 1.3700 in upcoming days next week opening will be also very crucial for upcoming direction if market open with negative impact then it will confirm more bearish pips so my trading advice is simple for current market situation sell trades on every jump will be very good, now it's depend on traders how they will make their trades successful.

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    ANALYSIS ABOUT GOLD

    Gold is also under extreme selling pressure last week was very bearish for gold because it straight down from 1810 to 1720 which indicated strong bearish trend, US dollar perform very good against gold because US treasury bond yields reached to one year highest level so these developments attract investors and they purchased US dollar against Gold, currently gold stands at the area of 1739 and it already broke 1750 support level last friday and then reached to 1715 which is the lowest level after so many months so next support will be located on 1720 area if it will break 1715 support then next target will be 1700 and then 1680 but if gold successfully hold 1720 then it will face a resistance level at the area of 1750 and then on 1780 .

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  5. #173 Collapse Post
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    Greetings And welcome To My Trading Journal

    BONUS UPDATE

    Finally i have recieved my bonus into my trading account it's much awaited bonus for me so now i am able to start my trading journey with instaforex once again, it's not a big amount which i have received but i must appreciated instaforex and mt5 forum for this amazing gift this is really helpful, next time i will trying to improve my trading journal posts to get a good bonus thanks.

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    USD INDEX ( DAILY CHART)
    • DXY bounce back due to strong US economic outlook
    • Further bullish momentum will be expected in upcoming days
    • Higher bond yields continues his rally to support DXY

    DXY bounce back from low level and now trading very closed to 91.00 this area seems to be next resistance for upcoming direction if DXY successful cross that resistance then next target will be definitely previews high level 91.60, last two days were very bullish for US dollar index because it almost jump from 89.60 and now stands at 90.90 area which clearly indicated more bullish momentum this current strength in US dollar index is due to strong US bond yields because it almost reached to highest level since one year so with these developments DXY continually benefiting and moving towards upside, tomorrow market opening will be very crucial for further DXY momentum if market open with positive note then it will move beyond to 91.00 while if market open with negative gap then it will down towards to 90.50 again.


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    ANALYSIS ABOUT USD/JPY ( DAILY CHART)
    • Usd/jpy reached to highest level since September 2020.
    • JPY still under extreme selling pressure and lost his strength.
    • Bond purchasing schemes boost USD/JPY rally
    .

    Usd/jpy continually moving towards upside and now trading above to 106.50 last week was very bullish for the pair because it gain almost 150 pips, this current rally is due to strong bond yields and other positive developments, jpy become so weak against all major currencies and have no demand in the market, positive development in global economic recovery attract investors to purchase other currencies and assets against safe haven jpy so it still under pressure and have more room to become down in upcoming days, if usd/jpy cross 107.00 resistance also then it will target 107.50 and then 108.00 while if it retreat from current point then it will target 106.00 and then 105.00 so my advice is that be patient and wait for confirmation.


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    ANALYSIS ABOUT USD/CAD ( DAILY CHART)
    • USD/CAD rebound from multi-year lows.
    • US dollar strengthens due to risk aversion.
    • Currently trading above to 1.2700 level
    .

    Usd/Cad resumes his upside momentum last friday and reached to higher level since one week it almost gain 200 pips just in last two days and still continue to move towards upside, last week it touched 1.2460 which was the lowest level in last three years but then quickly retreated from that low level and now stands at the area of 1.2733, if the pair continue his bullish momentum then next target will be 1.2850 so as a trader we need to focus on monday opening if market open with continue rally then it will move fast towards upside while if market open with some negative impact then may be it will retreat from current higher level and down to 1.2650.


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  7. #174 Collapse Post
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    GREETINGS AND WELCOME TO MY TRADING JOURNAL

    ANALYSIS ABOUT US DOLLAR INDEX
    • DXY extend Fridays gains and now trading above to 91.00 level.
    • US 10-year yields looks positive and stands above the 1.40.
    • Important upcoming US ISM Manufacturing and Fed announcement will on the docket
    .

    US dollar index trading above to 91.00 level which seems a positive outlook for DXY, US bond yields still trading above to 1.40 which is very supportive for US dollar index if US bond yields continue current bullish rally then DXY will also follow the same pattern and moving towards upside and target 91.60 which is the last highest level in 2021, currently 91.00 level is very important for next momentum if dollar index successfully cross that level then the next target will be definitely 91.60 while if US dollar index fail to cross 91.00 and retreat from that level then once again it will start downside trend and target 90.50. Important news will also expected in upcoming hour's so the outcome of that news and data will decided upcoming direction for DXY that's why we need to wait for that data and news.



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    ANALYSIS ABOUT GBP/USD
    • GBP/USD rejected the 1.4000 mark and moving towards downside.
    • Strong pickup in the USD demand was seen as a key factor of downside pressure.
    • UK economic outlook provides some support and helped limit the downside pressure.

    Gbp/usd drop from today high 1.4000 area and now trading below from 1.3950 the downside pressure still high and any good news of US economic growth will provide more pressure, UK also very closed to left lockdown and reopen economy but US dollar still perform very well and it gain against all major currencies, this positive development of US dollar is due to strong US bond yields because it still outperformed, US ISM data and FED speaks will be due in upcoming hours which is very important for US dollar if news and data comes negative and disappoint investors then Gbp/usd will jump but if news and data comes supportive and positive then more downside pips will be expected, for now 1.3900 is seems to be a strong support level of the pair is cross it then it will down and target 1.3800 so my advice is that wait for confirmation.


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    ANALYSIS ABOUT GOLD
    • Gold gained some positive momentum on Monday.
    • The current scenario and set-up favours bearish trend.
    • A move beyond the $1772-73 region might confirm bullish trend.

    Gold gain some positive momentum on monday and reached to 1758 level but then retreated and now trading below from 1750, more bearish pips will be expected in upcoming days but it will face a strong support at the point of 1720 and then to 1700 area if it break these support levels successfully then the next target will be 1680 and 1650 but if gold hold these support levels then may be it will bounce again and reache to 1760 resistance level and then to 1780 resistance level so as a trader we need to wait for clear picture and confirmation.


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  9. #175 Collapse Post
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    ANALYSIS ABOUT GBP/USD

    GBP/USD finally breakout 1.3900 support level successfully and currently trading at the point of 1.3878, last few days were completely bearish for the pair it straight down from 1.4200 level and lost more than 300 pips, current bearish trend is due to strong US dollar because economic growth slowly coming on the track which is very helpful for USD, another good thing is US bond yields it continuously outperform and moving towards upside, US dollar index also trading above to 91.00 key level so these positive developments in recent days boost US dollar and it gain very strong value against all major currencies and other sectors, for upcoming direction Gbp/usd need to break both support and resistance levels next support level is located at the area of 1.3850 if the pair is break it then next target will be 1.3800 and 1.3750 while at the upside if the pair break 1.3900 resistance level then next target will be 1.3950 and then 1.3900, so if any one want to trade in the pair kindly keep these valuable levels in your mind .


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    ANALYSIS ABOUT EUR/USD

    EUR/USD lost his bullish strength due to strong US dollar because in last four days it straight down from 1.2240 level and currently trading just above to 1.2000 so it lost round about 200 pips just in last four days which indicates strong bearish trend, yesterday ECB dovish remarks also pressurized EUR and it continuously moving towards downside so with current scenario we can expect some more bearish movement in upcoming hours but it will face a strong support level at the point of 1.2000 if the pair also break it and down from 1.2000 then the next target will be 1.1950 and then 1.1900 but if the pair hold 1.2000 support level and any kind of positive news comes in favour of EURO then the next upside target will be 1.2050 and then 1.2100 so as a trader we need to wait for confirmation.



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    ANALYSIS ABOUT GOLD

    Gold is completely under bearish trend because it lost ground in the market and currently trading very closed to 1700 area which mean that seller are completely active and pushing gold to downside, Continues US bond rally hurting and give tough time to gold because strong US bond yields is the main key factor of gold downtrend so we can expect some more bearish pips in upcoming days but before to it will down more it will face a strong support level at the point of 1700 if gold fail to hold that support level and down below then next target will be 1650 and then 1600, while the other side if gold bounce back from 1700 support then next target will be 1750 and then 1800 so we need to focus on these valuable levels and then trades according to that resistance and support levels.



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  11. #176 Collapse Post
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    GREETINGS AND WELCOME
    Hello and welcome to my trading journal once again i am here to present my key analysis about different currencies pairs and discuss some possibilities and opportunities so hope everyone will get some good trading ideas through my this trading journal best of luck.

    IMPORTANT NEWS UPDATE

    Today some very important news will be expected both from UK government side and from US government side, UK release annual budget which is very crucial for GBP if budget supportive then GBP will gain extra value in the market while if budget disappoint investors then GBP will lose more ground against all peers, same like that US government also releasing ADP nonfarm payrolls data and ISM-non manufacturing data later in the day so the impact of these news will be definitely very high, my best advice to everyone is that wait for these important news and his impacts on market.


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    ANALYSIS ABOUT USD/JPY

    USD/JPY still stay positive in the market and currently trading very closed to 107.00 area, current week is completely bullish for the pair because it gain almost 100 pips and still moving towards upside but next at the point of 107.00 a strong resistance will definitely pushing it to downside, if usd/jpy fail to break that resistance level then high probability chance is that the pair will down again from current level and targeting 106.00 while if usd/jpy successful to break 107.00 resistance level then the next target will be 107.50 and then 108.00 so we need to follow that resistance point for our next upcoming trades, my best advice is that focus on sell trades if usd/jpy trading below from 107.00 level .


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    ANALYSIS ABOUT EUR/USD

    Yesterday Eur/usd recovered from 1.2000 level and now trading above to 1.2080, but still the pair is under bearish zone and strong possibilities are for more downside pips, Euro gain against USD because USD become weak in the market this current weakness in US dollar is due to weak treasury bond yields because yesterday US treasury bond yields lost bullish momentum and down from higher level to low level that's why investors sell USD against all major currencies, for upcoming direction 1.2100 is very important level because a strong resistance is located here if EUR/USD break 1.2100 successfully then the next target will be 1.2200 while if Eur/usd fail to break that resistance level then the next target will be 1.2000 again, so as a trader we need to be patient and wait for clear picture, today important news will clear everything soon so wait for that.


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    ANALYSIS ABOUT GOLD

    Gold successfully jump from 1700 support level because yesterday it was reached to 1707 but then quickly spike and now trading above to 1730, in broad picture gold still under pressure and any significant improvement in US economic growth will push it again into 1700 area and if it break 1700 support level also then the next target will be 1650, but currently it trying to move upside so strong possibility is that it will reach to 1760 very soon because US treasury bond yields lost ground in the market and investors slowly attracts towards gold purchasing so my suggestion is that buy gold atleast for 1760 level.



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    GREETINGS AND WELCOME
    Hello dear friends and forum members how are you all and how's your trading experiences goings on? Hope everyone will be fine and enjoying profitable trading, today once again i am here to update my trading journal with some good opportunities and possibilities in different currencies pairs and gold, so hope these material will give some help for good and profitable trading my best wishes with all of you best of luck.

    NEWS UPDATE

    Important news and financial data play a vital role in forex market when such type of news and financial data expected forex market become very volatile and mostly investors wait for those news and data and when it's comes then investors enter into market and go forward and follow that news and data impacts, so today some very important news and financial data also expected later in the day, that is nonfarm payrolls data, average hourly earnings data, unemployment data, trade balance data etc, so the impact of these valuable data will be definitely very crucial and high in the market, so my advise is that kindly focus on these financial data and stay safe.


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    ANALYSIS ABOUT USD/CAD

    WTI continuously moving towards upside and it almost reached above to 64 which is the highest level since one year, so with higher oil prices Canadian dollar perform very well, currently Usd/Cad trading above from 1.2650 but the pair still remain under pressure because oil prices and positive financial data of Canadian banks still very supportive for Canadian dollar strength, yesterday Usd/Cad trading below to 1.2600 but after FOMC chairman Jerome Powell speech it jumped and reached above to 1.2650 because Powell remarks about bond yields boost treasury bond yields prices and due to that development USD gains very good strength against all currencies so today data is very important for more bullish strength if it will comes in positive impacts then my target will be definitely 1.2800 in upcoming days so be ready and prepare yourself for some good buying opportunities hope everyone will do their best.



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    ANALYSIS ABOUT GBP/USD

    On daily time frame last few days continuously support bearish momentum which indicates GBP weakness and USD strength, currently the pair is trading below to 1.3900 and moving towards downside because from yesterday it almost lost 100 pips due to strong US bond yields, Powell remarks about current inflation, bond purchasing schemes and interest rates boost US dollar strength and the pair was down from 1.40 area to 1.39, so today unemployment number and nonfarm payrolls numbers will be very crucial for Gbp/usd, if today financial data comes positive then my next target will be 1.3750 in upcoming days while if today data disappoints investors then again the pair will move beyond to 1.3900 so as a trader we need to take right decisions on the right time and wait for clear picture and confirmation about trend.



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    ANALYSIS ABOUT GOLD

    Gold become under strong bearish trend currently it trading below from 1700 key support level which shows that gold will down more in upcoming days, investors still selling gold because US treasury bond yields reached to highest level since one year this bullish rally in US bond yields pressurized gold that's why it down and down, yesterday FED chairman Jerome Powell remarks about US economy and inflation number also boost US dollar and it attract investors to purchase USD against all other currencies and assets, that's why gold lost bullish momentum and cross 1700 support level also so if today data also comes in USD favour then my next target will be 1650 and then 1600, but if today financial data missed and comes in negative then gold will again move beyond to 1700, that's why we need to wait until data will not completely release because any wrong trade in current situation will destroy your accounts.



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  14. #178 Collapse Post
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    GREETINGS AND WELCOME
    Hello dear forum members today market is off but we are here to present our analysis and information about market this is very important for us to update ourselves on weekend also so hope everyone will get and understand market for upcoming trades in advance, today i am trying to cover some currency pair, oil and bond market for next week.

    NEWS UPDATE

    On friday US government released some very important financial data, that was Unemployment, nonfarm payrolls, private payrolls data, so all data were comes positive unemployment decreased from 6.3 to 6.2 , nonfarm payrolls jumped to 379k, private payrolls also jumped to 465k so these positive results shake the market and US dollar strengthened against all major currencies and other important assets, US economic growth slowly coming on the track because employment rates increased and unemployment decreased, next week will be also very crucial for US dollar because some more important news and development are expected.


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    US TREASURY BOND YIELDS 10Y

    Dear friends today i want to share my key analysis about US bond yields because these bond yields play a very important role in the market specially on current market situation where Fed continuously support Bond purchasing schemes, so with these things US treasury bond yields almost reached to highest level after months and this strength in bond boost US dollar in the market, investors completely on buying mood and they still buying bond in the market with this development gold is under pressure and it lost ground in the market and down below from 1700 key support level so this current rally in US bond still continue, In next week more chances are that it will gain more in the market that's why we need to follow current market mood and trades according to trends.



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    ANALYSIS ABOUT GBP/USD (WEEKLY)

    On Friday Gbp/usd lost more than 100 pips due to strong recovery of US dollar, it down from 1.3900 to 1.3770, in last post i predicted 1.3750 target so almost that target achieved yesterday, when we analyzed weekly chart then last two weeks are completely bearish it down straight from 1.4200 level and now trading just above from 1.3800 so the trend is bearish and i predicts some more bearish pips in upcoming days, if Gbp/usd continue current bearish momentum then the next target will be 1.36 and then 1.34, so my best advise is that only focus on sell trades don't go for any buy trades until trend is not completely changed.

    Sell point 1.3850
    Target 1.3700
    Stop loss 1.3900


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    ANALYSIS ABOUT WTI (OIL)

    Dear friends WTI gain very good value in the market, after Good news about Corona pandemic controls and reopening different economies then WTI continuously movind towards upside and now trading above to 66$ which is the highest level since after years, last week was also very bullish for oil prices because it jumped from 64 to 66, if current rally continues in the market then the next target will be 68 and then 70, so WTI is completely in bullish trend and my advise to all of you is that only focus on buy trades .


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