Greeting and good evening My dear friends, today I have started updating my trading journal again, I am a bit late but due to some work, I have started updating the trading journal after a while. You know today is sunday And today there is a holiday in the market, due to which the market cannot do any movement but on the day of the news there is also There are some low impact news even today Which will not make much impact on the market, but will make a small impact, when the market is open, it will make a little impact that a little bit of gate can open in the market. There is no high impact news on the Sunday and only and only low to low impact news. Which we should not be afraid of at all because if there is a market opening in the gap, then a little game will be killed, but after that the market will come from where it opened. Is the tow GDP news and a bank holiday news These news are not high impact, and only the red who are news are the same high impact.
Covid 19 and coronaviruse
My dears you know that due to coronavirus there is a lot of movement in the world due to which there is a lot of movement in online markets. As you know, coronavirus was spread in Pakistan earlier, but its effect was reduced considerably then. Due to winter Coronavirus has also increased a bit in Pakistan but now it is controlled due to Covid19 So do more on number one in the whole world, not on United States. India is at number two And Brazil is at number three And United Kingdom end is at number four Russia And along with this we should use our mouse to avoid doing it and we should also Many more must be remembered, if we do history, we can make our Pakistan clean and tidy. And you can spend your life easily, but right now we are studying the effects of coronavirus in Pakistan. But still we should not panic we must do the utmost.
Next Week forecast and analysis on EUR/USD
It's boring on the pound these days, so I decided to drop by to visit the neighbors.
On Friday, I did not trade so badly in the euro, I have quite big plans for the euro / dollar, and how real they will turn out to be, we will find out after the fact. There are 2 levels at the top, from which I expect a rebound down, in case the price tag is directed to the north. 1.2150 is the M30 border to the north, and 1.2180 is the h1 border to the north. You will need to zigzag down from both borders, so I will have time to run out in any case if I mistakenly opened. At the four-hour half, we have a clear rebound, while, if you look closely, we have a clear rebound from the 2150 mark. The only thing embarrassing is this impulse north at the end of Friday, but I think everything will be settled on Monday. As for the directions of the times, here, in general, everything speaks for the continuation of the northern mood, because H4 confirmed the north that week, now it is necessary to do it down once and if they do not break anything, then I will continue to stomp to the north Zigzag down I wait somewhere up to mark 1 , 2050, and there I will again monitor the rearrangements and times, because there is a possibility of the trend continuing to the north, then the target for growth will be at 1.2250, but without ritual zigzags it will be difficult to get there.The day at this moment looks like this for me.
Next Week forecast and analysis on USD/HF
yesterday tried to play the northern card, but somehow it all ended not very informatively. At the hour, the indicators formed a buy signal, but the pair began to actively test the Bollinger average from above, as if it was going to come back. At 4 o'clock, the indicators remained south, the pair tried to break into the bullish zone, but failed until the end of the week. So the further north is in question. Yes, and on the daily day, the picture is not very good: here indicators for the north, but the pair begins to consolidate below the average MA, which is not very good for further growth. But purchases are still a priority for me. The neckline was successfully broken on Friday and the price climbed to the level of 0.9045, although the full height of the pattern was not worked out. And also, according to the candlestick analysis, a "morning star" reversal pattern has formed on the daily chart, therefore, apparently, I am of the opinion that from Monday the price will move northward to 0.9085 - 0.9095, where the resistance level is, and from there, a rollback towards the south will most likely occur with the renewal of the previous minimum. And Yes, there was an attempt to grow, but last week they returned below the downtrend and below the moving average, since Wednesday they cannot close the day higher. But even with a serious decline, not everything is smooth either, the price returned to the strong zone 0.8920-0.8850, in which, one might say, the DF traded throughout January and December. I see no reason to overcome the zone and go lower. It is hardly necessary for the "steering" of the market.
Next Week forecast and analysis on GBP/USD
watching you lately, I think, like many, you have a good working out of your forecasts, on Friday there was a very obvious growth, but I took almost half only, but the coming week will be very interesting and perhaps those sales that everyone is waiting for finally, it will come true, of course, after the specific removal of the sellers and we will fly as the pound can do it, in general, let's look at the charts below. a
week and volumesthe last sales went, the price tag is in the selling zone, the volume in purchases is decreasing, the climax of growth and the beginning of sales are expected, but since the culmination will be on new highs, growth is also expected, the growth targets are 39 and possibly at the peak of 3980-4020, and then we'll see which in fact will give those same sales, these sales will be very strong, but this was already after the climax . Day stay and volume buyers massacred right in the sales area, well look at whether they have enough for a long time, yet have mercy on 38 , the purchase targets are 39 + - and possibly 3980 + - will be reached, the level of 3750 is already going to the future breakdown of future sales, but this can only be talked about after the release is expected upon reaching the purchase targets. And so the last purchase targets are 39 + - and 3980 + -. Õ4 and volumes.
This volume in purchases was notably charged, from Monday new heights of 39 + are expected - the first is expected to reach, the second, if possible, purchases 3980 + -, starting from 39, the volume in sales is expected, where it will appear, the market itself will already show, cancellation of purchases at 38, purchase zone at 3830-3820. And here is the Friday news background on which the pound grew with pleasure and even modestly ... And this is the coming week for the pound, news expectations are not very comforting, so either we interrupt on the best moan for the pound on actual data or Monday and Tuesday for growth.