Forex Trading Basics


Euro Currency Trading

Forex Trading Basics

 

 

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Forex Trading Basics

 

 

 

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Forex Trading Basics

 

 

 

 

Forex Trading Basics

 

 

 

 

 

 

 

Forex Trading Basics

Forex Trading Basics

Forex Trading Basics DAILY MARKET REPORT
January 16th 2017

EUR/USD Forex Trading Basics

Forex Trading Basics

The EUR/USD pair closed the week above the 1.0600 level for the first time last November, as upcoming US President Donald Trump´s press conference, erode confidence in the US.  Following FED’s Minutes full of uncertainty, Trump disappointed investors by providing no clues on his upcoming policies, but focusing on fueling the fire on possible international conflicts with Russia and Mexico. A conflict with China has also escalated over the weekend, as on Friday, Trump expressed his willingness to end the “one-China” policy, the one that considers Taiwan as a part of the country, as he said that “everything is under negotiation, including one-China.” The country quickly responded on Sunday, saying that its one-China policy is “non-negotiable.” Trump will take the office this upcoming Friday, and the market will be eagerly waiting for his words, although more of the same is expected.

In the news, US data was mixed last Friday, with December Retail Sales growing by 0.6%, in the month, below the 0.7% expected. The core reading printed 0.2%, below the expected 0.5%, while the control group figure was also a miss. Inflation prices at factory gates, however, improved as the PPI rose by 0.3% monthly basis, and 1.6% when compared  to a year earlier, whilst the core readings beat expectations with the PPI ex Food and Energy up 1.6% YoY.

From a technical point of view, the daily chart shows that the latest recovery has stalled below the 38.2% retracement of the November/January decline at 1.0710, now the critical resistance to break to confirm additional advances during the upcoming days towards the long term resistance in the 1.0800/40 region. In the mentioned chart, the price remains well below its moving averages, whilst technical indicators maintain their upward potential, heading north within positive territory, supporting a new leg higher for the days ahead. Shorter term, and according to the 4 hours chart, the risk is also towards the upside, as the price has been finding intraday support on a bullish 20 SMA, now around 1.0610, while the Momentum indicator keeps heading higher well above its mid-line.

Support levels: 1.0610 1.0565 1.0520

Resistance levels: 1.0710 1.0750 1.0800

Forex Trading Basics

Forex Trading Basics

 

USD/JPY Forex Trading Basics

The USD/JPY pair closed the week sharply lower at 114.44, the largest weekly decline since mid July 2016, as confidence in the US future economic growth kept decreasing, following Trump’s press conference. Better-than-expected data coming from Japan, as the Leading Economic Index rose to 102.7 in November from previous 100.8, was not enough to offsets concerns about a stronger yen, as if the currency keeps appreciating, the BOJ will have to take additional easing steps. The pair closed in the red on Friday, despite US inflation, in the form of PPI, came in better-than-expected, and that US Treasury yields recovered from the multi-month lows seen earlier in the week, indicating that further declines are likely for the upcoming days. From a technical point of view, the daily chart shows that the price has retraced just the 23.6% of its latest bullish run, but also that it stands a few pips above 114.00, the 23.6% retracement of the 2011/2015 rally, with renewed selling pressure below this last probably resulting in a steeper slide. In the same chart, technical indicators head sharply lower within negative territory, while a bullish 100 DMA stands around 109.10, too far away to be relevant as support. Shorter term, technical readings in the 4 hours chart favor a bearish extension, given that indicators head south within negative territory, whilst the price remains far below its 100 and 200 SMAs, with the shortest gaining downward strength for the first time in over three  months.

Support levels: 114.00 113.65 113.20

Resistance levels: 114.70 115.20 115.60

Forex Trading Basics

Forex Trading Basics

 

GBP/USD Forex Trading Basics

The GBP/USD pair fell to its lowest since last October this past week, and closed a second consecutive one with losses, hit once again by Brexit’s concerns. Despite broad dollar’s weakness, the Pound was unable to sustain gains, with Wednesday’s decline fueled by news that Prime Minister Theresa May, will outline the government’s Brexit strategy next Tuesday. Her wording over the previous weekend, suggested that May is more interested in keeping the borders under control than on retaining access to the EU single market. Despite she later stated that the media misunderstood her words, the damage was already done. Also, during the upcoming week, the UK High Court will likely unveil its decision on whether the Parliament has to vote, or not, on the date of the beginning of Brexit. Despite closing flat on Friday, the pair is poised to extend its decline, as in the daily chart, a bearish 20 DMA keeps capping the upside, while the RSI indicator heads north around 38, although the Momentum indicator lacks directional strength, but holds within negative territory. In the 4 hours chart, the price is hovering around a horizontal 20 SMA, whilst the RSI indicator heads south around 44, supporting some further slides despite the diverging Momentum.

Support levels: 1.2130 1.2080 1.2040

Resistance levels: 1.2190 1.2235 1.2280

Forex Trading Basics

Forex Trading Basics

 

AUD/USD Forex Trading Basics

The Australian dollar was among the best performers this past week, up against the greenback to 0.7518 and settling around 0.7500. The AUD/USD pair trimmed most of its December losses on the back of strong recovery in metals’ prices, as Chinese Trade Balance figures showed imports continued rising in the world’s second largest economy by the end of 2016, reassuring demand for the consumer country. Early Monday, the Australian  Melbourne Institute will release the TD Securities inflation figures for December, which may fuel Aussie’s advance on improved numbers. In the meantime, the daily chart shows that the latest daily is a bit overstretched, with technical indicators showing some signs of exhaustion  in overbought territory, although without confirming an upcoming retracement. The pair has an immediate resistance at 0.7524, December’s high, and further gains below the level will deny chances of a downward correction for the upcoming sessions. In the 4 hours chart, the 20 SMA maintains a sharp bullish slope below the current level, acting as dynamic support around 0.7450, also a major static support, whilst technical indicators are holding within overbought readings, with the Momentum indicator aiming modestly higher, indicating a limited downward scope at the time being.

Support: levels: 0.7450 0.7410 0.7365

Resistance levels: 0.7525 0.7560 0.7600

Forex Trading Basics

Forex Trading Basics

 

GBP/CAD Forex Trading Basics

The GBP/CAD cross closed at 1.5952 its lowest since mid October, undermined by Pound’s weakness, and not far from the multi-year high achieved last October at 1.5856. The Canadian dollar, on the other hand, remains strong, despite oil’s retracement, taking cues from broad dollar’s weakness. In the daily chart, technical indicators present a strong bearish momentum, even despite the RSI is around 24, while the 20 DMA has extended its slide far above the current level, indicating that further slides are likely for the days ahead. In the 4 hours chart, a bearish 20 SMA caps the upside, now around 1.6035, while the Momentum indicator heads modestly higher within positive territory, but the RSI indicator turned sharply lower, now around 33, all of which supports the bearish case. A break below 1.5930, October 17th low, should see the decline extending towards the mentioned 1.5856 low, whilst below this last, the sell-off will likely accelerate.

Support levels: 1.5930 1.5875 1.5810

Resistance levels: 1.5980 1.6035 1.6090

Forex Trading Basics

Forex Trading Basics

 

Dow Jones Forex Trading Basics

US stocks closed mixed last Friday, with the Dow Jones Industrial Average down 0.03%, to 19.885.73, but the Nasdaq Composite and the S&P up by 0.48% and 0.18%, to 5.574.12 and 2,274.4 respectively. The banking sector began reporting quarterly earnings, with upbeat results keeping indexes afloat. Among the best performers were JP Morgan Chase, reporting a profit of $6.73 billion, or $1.71 a share. Bank of America announced its earnings rose by 43%, although Wells Fargo reported a profit of $5.27 billion, or 96 cents a share, below the $5.58 billion, or $1 a share, in the same period of 2015. The Dow closed the week modestly lower, having been in consolidative mode for most of the week, and the daily chart shows that the index remains stuck around a horizontal 20 SMA, whilst technical indicators maintain a neutral stance, as increasing uncertainty in the US keeps investors clueless. In the 4 hours chart, the benchmark is hovering around its 20 and 100 SMAs, both flat and within a tight range, a clear sign of the absence of directional strength, whilst technical indicators head modestly lower around their mid-lines, lending the scale towards the downside for the upcoming sessions.

Support levels: 19,869 19,806 19,805

Resistance levels: 19,928 19,974 20,045

Forex Trading Basics

Forex Trading Basics

 

FTSE Forex Trading Basics

The FTSE 100 kept posting all-time highs daily basis this past week, adding 45 points or 0.62% on Friday to end the week at 7,337.81, aided by a weaker Pound. On Friday, pharmaceutical equities reversed their previous´ day losses, with Shire up 2.34% and Hikma Pharmaceuticals by 1.99%. Mining-related equities, on the other hand, ended mostly lower, as gold eased last Friday, with Randgold Resources down 1.25% and Fresnillo shedding 0.63%. Retailers benefited from the positive mood around the sector, with Barratt Developments leading winners’ list, up by 3.61%. Technically, the index maintains its bullish tone according to the daily chart, given that it has extended further above a bullish 20 DMA, whilst the RSI indicator keeps heading north around 80, and the Momentum indicator holds well above its mid-line, although with limited directional strength. In the 4 hours chart,  technical indicators hold directionless within bullish territory, while a bullish 20 SMA keeps leading the way higher, offering a dynamic intraday support at 7,286.

Support levels: 7,286 7,241 7,178

Resistance levels: 7,365 7,400 7,440

Forex Trading Basics

Forex Trading Basics

 

Gold Forex Trading Basics

Gold prices posted solid gains for a third consecutive week, with stop trading as high as $1,209.93 a troy ounce before settling around 1,198.20, the highest settlement in almost two months. A weaker dollar alongside with increased physical demand fueled the advance of the metal, although some follow-through the critical 1,200 is required to confirm a steadier recovery. Daily basis, gold pared gains around the 38.2% retracement of its latest monthly decline, confirming the corrective nature of the latest advance. In the same chart, the price is firmly above a bullish 20 DMA, while the 100 DMA presents a bearish slope around the 50% retracement of the same decline, making of the $1,230.00 region a critical resistance for the upcoming days. Technical indicators in the mentioned chart are losing upward strength, but holding near overbought levels, far from indicating a downward move. In the 4 hours chart, a bullish 20 SMA leads the way higher, offering an intraday dynamic support at 1,193.80, while technical indicators resumed their advances within positive territory, limiting chances of a bearish move.

Support levels: 1,193.80 1,182.50 1,173.45

Resistance levels: 1,204.50 1,211.90 1,220.30

Forex Trading Basics

Forex Trading Basics

 

 

Forex Trading Basics

Why The Wellness Clarinet LTD –

 

Branding by Association and Wow!
Committed to helping people achieve their burning intention and critical net worth (CNW), with passion warmth focus and adventure. Luckily with a well established group of successful companies contributing to the process.

 

David Jean-Baptiste: Executive Chairman and inventor of Flow Centre, a successful clarinettist, saxophonist, trader and entrepreneurial creative thinker. With endorsements as an artist from Henri Selmer Paris  .

 

 

THE CLARITIQUE QUESTIONNAIRE

 

 

Forex Trading Basics

(for people desiring to squeeze more juice from life)

 

Forex Trading Basics

 

1. Can you share one Intention you most desire to achieve?

2. Imagine some likely future situation, what happens when you see yourself making your Intention
come real?

3. Can you imagine your favourite place in the world to relax and feel good? Some people say their
own home and this is good, can you think of another?

4. Being appreciated and respected is a human need, we can all remember at least one time when
we felt appreciated and respected. What happens as you begin to feel loved and respected?

5. What drives your passion positively? Passion sometimes reaches boiling point. What happens
when your passion for something, someone or a situation in your life was so intense it was on
fire, burning inside you with life?

6. When you learn new ways to do act on intention, beautifully your chances of making it come real
multiplies. What else happens as you begin to learn new possibilities?

7. Having a deep sense of fulfillment from within is the best elixir imaginable, magically bringing
you freedom, happiness and satisfaction. It’s good to know that people find different things
fulfilling. Can you remember a time when you felt totally fulfilled?

8. Wow moments often come unexpectedly and are often amazing thrilling us to bits. Can you
describe five different wow moments in your life?

9. The word enrichment conjures up a colourful palette of positive emotions in us. Can you tell me
what the word enrichment means to you?

10. Music is an incredible healing force, enriching the human spirit, also opening and
strengthening the connection between the body and mind. Is there any music giving you
strong feelings?

 

David Jean-Baptiste

 

Forex Trading Basics

 

 

Time v Income Reality Check

How much income do you earn per hour of work?
How many hours do you work on business that are currently non-income producing?
Where do you have time-leaks?
What impact are they having on your life?
Can you leverage the time that you work?

 

 

Open to Change Check

What would your ideal scenario be?
What hours would you like to work?
What income would you like to produce?
Do you prefer one good income stream with potential for growth, or do you prefer a few different income streams?
How closely does your current income stream, hours of work, and type of work correlate to this ideal?

 

 

Three Steps to Get Started Now!

1. Get clear, utilize your power of focus and act through your own self knowledge.
2. Get the tools, a workable plan, and include the services of a coach or a consultant. Non-action will cost you. How much?
3. Understand your own pain verses pleasure continuum. People will do more to move away from pain than they will do to move towards pleasure.
Get clear on your vision and mission. Your vision being what you desire at a level of your identity, and mission being why you want it.

What is money? Money is perceived value of something, plus creativity, plus passion.

 

 

7 Steps to Wealth Creation

1. Decide what is holding you back and deal with it.
2. Understand what money is.
3. Plan for wealth
4. Decide what you desire to attract into your Flow Centre and why you want it.
5. Understand financial concepts and the skills to create money.
6. Work with the support team you need.
7. Take ‘massive’ consistent wealth action.

 

 

4 Ways to Accelerate Your Journey to Financial Freedom

1. Increase your income
2. Save more
3. Invest more
4. Compound it, so to increase your rate of return.

 

 

Forex Trading Basics


Forex Trading Basics
 

 

Music and Trading

Clarinet and Saxophone

 

 

 


Forex Trading Basics

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

 

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

Forex Trading Basics

 

 

 





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