Greeting and Good morning, I Hope you will be fine, The market searching for and progressing is getting less secure in the several days, retailers who can now not make an all the more close confirmation may similarly likewise by and by don't will acquire money from the market. I appreciate the way that I have seen huge quantities of my partners on the talk board acquiring their money except for challenges and in goliath structure. I will by using no limit be jealous of this, I need to make positive that I audit my searching for and propelling structure so I can acquire money like them. This is no extended reasonable for me this week in view of reality I endeavored hard to keep on being in advantage, on the other hand I may moreover need to not. Reality goes to how first rate we would all have the option to trade, of course my searching for and propelling disciplines are loathsome in ebb and flow events, I do now not know about why it would perhaps be the eroded standing I used to be when in the past than I got the too present day money into my buying and selling account. I do now by and by don't have an exculpation, various retailers gains, I need to stand properly. I have lost all my record balance today, it used to be when fast, I do now not figure this can appear so snappy. Acknowledgment is what I will focal factor unto in teaching or the subsequent record recharging, nothing else can help me in this troublesome condition.
Thank you for visiting this journal and sorry if I haven't had the chance to reply to your visit, today I will try to provide an analysis for the USDX and GBPUSD
USDX strengthened on Friday and managed to rise to the level of 91.93 but the sellers seemed to be pushing back until the market close, the price was at 91.63. I tried to use the Daily timeframe chart to see major trends, it seems that USDX has started moving on a bullish path since the beginning of January 2021 from previously falling to the level of 89.18 but now it has gone up far leaving the lowest level this year. USDX has the potential to move back on the bullish path because on Friday last night, the entry of buyers' strength was able to stop the bearish movement a few days earlier. Furthermore, buyers are expected to target the bullish target at the 92.50 level.
GBPUSD Market Analysis
GBPUSD failed to continue the bullish movement because it was held back by the 1.4000 resistance area which was still a strong obstacle since last week which caused the price to fall back down, referring to the USD index which is likely to strengthen, so I suspect the failure of buyers to penetrate the resistance area becomes a point behind the return of the strength of sellers who are likely to try to push GBPUSD down to a lower area. From a technical point of view, it can be seen that the price had dropped to the level of 1.3862 or had passed the lowest price the day before, which means there is a strong indication that the market wants GBPUSD to move on a bearish path next week.
Review of EURUSD Chart Analysis
In the EURUSD pair, I am quite satisfied, especially since the last open position on March 12th has gotten around 13pips. Yesterday's cut profit was based on the fact that the market had returned to the top and I decided to cut it instead of holding back floating. For yesterday's position entry, I actually waited for the price to go to the deal area, but because there was a reversal, the entry was late where I entered at the price of 1.1961. But overall I am quite satisfied because the direction of the price is in accordance with the initial prediction about the decline in Eurusd. But it seems that before the market close, the price is back up and it looks like it's going to a new trend. Now for the stop loss in the journal recap, it occurs in the trendline breakout area where I am too in a hurry to enter the market.
Review of USDCAD Chart Analysis
Remember yesterday's USDCAD analysis where I predicted that USDCAD price will retrace first before continuing its decline. Now the result of the movement turns out to be appropriate and until the market closes the price is already in the support area because that area level is also a classic profit taking from the pattern formed on the chart. However, it is very unfortunate because I did not open a position here because there were already 2 transactions on Friday. So that when you force entry you are worried that it will drain your margins. But now I am quite satisfied with the analysis on the USDCAD pair so I don't need to do an evaluation. Keep in mind that this is only a review due to a market holiday and does not display future market predictions.
Review of NZDUSD Analysis
Many say that the NZDUSD pair is a currency pair with slow movement. But for me all pairs can give results if they know how to analyze and use them. So, on this occasion, I am reviewing NZDUSD where the price has not succeeded in reaching the deal point area. In that area I also placed a pending buy stop order, but in the afternoon I canceled it because the price didn't reach that level because it was no longer valid. As a whole, for this pair I am quite satisfied and will evaluate more on the placement of the entry point.