Update#21 Date 08 March 2021 Time 12:32PM
Good morning friends how are you? I hope that all of you fine. Today I am facing a lot of loss in my trade, so today I am very much worried. What i'm losing right now is the 70$. I have opened in my trade gold and in this I am facing this loss because my trade has let open below 1700 level.I am trying to recover my loss in some way. If my loss gets recovered then I will close my trades. Along with this, I will say that I want to do hard work in forex trading now and I am going to do my investment and I would like that my first investment will be difficult at least $ 500. I have learned a lot from Instafarex, because of this I have intended that now I will open my account with Instafarex and come and invest in real trading.
Request to respected Admin & Moderators:
I will request all the administrators and Moderators to notice my point. There is no doubt that mt5 forum is a very good platform and here we get the result of our hard work in the best way, and Instaforex is the best broker and everyone wants to do business with Instaforex. Personally, I am going to invest 500$ in it myself. But where all the members are facing the issue is that they are not getting their bonus on time, nor is their bonus transferred to their account on time. Due to this, a lot of members are upset and they want that they get their bonus on right time so that everyone can do it on the trading time. I will request all the recommended moderators and administrators to resolve this issue and the bonus is to be transferred to all the members on time on a weekly basis, so that no one can face any difficulty and everyone can work with heart and comfort. I hope that all the team administrators and moderators will look into my request and resolve this issue as soon as possible. I will especially request respected MT5 Administrator, mt5guru, Aviz,deathstar,and passionate Pisces to Solve this issue as soon as possible.Live long Mt5 forum and Instaforex.
Economic calendar for today:
If we talk about news today, there will not be any special news in the forex, but maybe we will get to see a good movement in a while because there is a high-impact news this evening which has a very good market in the evening. If we do trading today, then we have to be very careful and we will have to keep the news in our eyes, if we do our trading without keeping the news in sight then we may get lost. Today we can see high-impact news in GBP,CAD and USD and also in JPY. So do care and then only after analysing, open your trade and do not rush at all in this way, you will be successful very soon.
Bitcoin analysis and forecast for Today:
After touching the support level, the H1 timeframe chart at 46300 again rushed up, but the move was again limited, the level that restrains the rate from growth is the resistance at 51400, and the bulls cannot get above. I think that buyers are unlikely to be able to pass from above, except perhaps an attempt to 52000, and this will only confirm the sellers' intentions to decline. The sales targets are to reach the 46000 support again and break it down to 42000 and below. I believe that the time has come to unload the cryptocurrency rate down, and seriously. I think that we are on the threshold of a good southern course. growth continues to this day. At the moment, there is an obstacle ahead for the 51000 bulls, they could not gain a foothold higher yesterday. Today, most likely during the day, it will try to gain a foothold above the trend line, we can also see an attempt to decline and test the level of 49500 for some time. continue again to 46500.
Usdcad analysis and forecast for Today:
The Canadian against the US dollar remains flat for the time being between 1.2610 and 1.2790. And at the moment, the price is below the middle Bollinger band, around 1.2650. At the same time, the RSI is still neutral, although the stochastic has already started to bend upwards, so the pair may continue to grow. Of course, if it breaks above average. Well, then the growth by 1.2720, to the top of the flat, where it will be necessary to look, either the price will continue to flat, or already growth somewhere by 1.2750, that is, the last highs, and higher. If the price does not break above the Bollinger average now, then it will go down again, to 1.2610, where again it will be necessary to see if the price remains flat or breaks down. If it breaks out, then the decline is already to the last lows, to the area of approximately 1.2470. The pair is trading below the blue kijun line and the level (1.2778). Consider a decline to the level (1.2680), as the price is below the cloud, which indicates an increasing downward movement. Stochastic has completed a full turn and remains at the level of 20, so we have confirmation of this movement. The target for the pair's decline will be located at (1.2625). Cancellation of this scenario will be after growth above the cloud.
Eurusd analysis and forecast for Today:
Today in the form of a price drop to 1.2103, but again so far only within the framework of a pullback from the current overall growth. If we take into consideration the hourly chart of this pair, then it is perfectly clear that there is no break in the general bullish trend yet. It cannot be denied that we will fall below the marked 1.2103, but in this case it will be necessary to correct the further price movement based on the current circumstances. the growth of the euro after the breakdown of the line of the downward daily correction raises little doubt for me, but now the pair is already overbought locally and the divergence of the IADI hints at this, and the fourth wave may already be high time to My actions are for the evening, if the inflation data causes a correction under 1.2100, this is a good area for buying in the fifth wave of euro growth.
if we go to 1.2150 again, then I will probably close yesterday's purchases and wait for a correction in the fourth wave from there and then buy.