Forex Trading Tips


Forex Trading Tips

Forex Trading Tips

 

 

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Forex Trading Tips

Forex Trading Tips

Forex Trading Tips DAILY MARKET REPORT
January 12th 2017

EUR/USD Forex Trading Tips

Forex Trading Tips

A cautious mood prevailed during the first half of the day, as the market waited for the first speech of the US upcoming President Trump, in the US afternoon. The American dollar appreciated ahead of Wall Street opening, sending the EUR/USD pair to its lowest for the week at 1.0453, helped by the positive tone in worldwide stocks and, but turned south after the presser, with the EUR/USD advancing beyond the 1.0600 level. Trump’s comments covered many aspects of his upcoming administration, but uncertainty persists as its unclear which are his priorities. Among others, he criticized the pharmaceutical industry, insisted that Mexico will end up paying the wall, and announced the creation of a  trust, administrated by his sons, who will take care of his business as he won’t be able to do both. Despite some positive words towards the automakers industry, stocks fell sharply after his comments, putting the greenback under pressure across the board.

Closing the day up, the EUR/USD pair establish itself above the 23.6% retracement of its latest bearish run, although the lower low daily basis, has somehow increased the risk of a new leg lower for the upcoming days, moreover as the pair has been steadily rejected from advances beyond the 1.0600 figure. In the 4 hours chart, the price has recovered above all of its moving averages that anyway have turned horizontal, a clear indication of the absence of directional strength, while the 20 and the 200 SMAs, stand quite close to the mentioned Fibonacci level. Technical indicators in the mentioned time frame have abruptly changed course an entered positive territory, but without enough to strength to confirm a steeper recovery. As commented on previous updates, only a firm advance beyond the 1.0650 level will open doors for additional gains, whilst below 1.0445, chances are of a retest of the multi-year low posted early January at 1.0340.

Support levels: 1.0565 1.0530 1.0490

Resistance levels: 1.0620 1.0650 1.0710

Forex Trading Tips

Forex Trading Tips

 

USD/JPY Forex Trading Tips

The USD/JPY pair plummeted to 114.23, its lowest since  early November, after the technical breakout of the 115.00 level, fueled by upcoming US President Donald Trump´s press conference. The JPY traded advanced up to 116.86 early US session, helped by the positive tone of stocks after the opening, but the dominant bearish momentum resumed after Trump´s words stirred up uncertainty. Adding to JPY’s strength were positive news coming from the country overnight, as the November Coincident index surged to its highest in almost three years, printing 115.1 from previous 113.5, a sign of consumption improvement.  The pair bounced from the mentioned low, but is having a hard time around the 115.00 level ahead of the Asian opening, and looking increasingly bearish according to technical readings, as in the 4 hours chart, the price has broken below its 200 SMA for the first time in two months, while technical indicators head strongly lower  at fresh weekly lows, supporting a continued decline for the upcoming Asian session.

Support levels: 114.60 114.20 113.70

Resistance levels: 116.10 116.60 117.00

Forex Trading Tips

Forex Trading Tips

 

GBP/USD Forex Trading Tips

The GBP/USD pair bounced from a fresh multi-month low of 1.2037 achieved during the American afternoon, as Trump’s press conference triggered a short-term dollar sell-off. At the beginning of the day, data coming from the UK showed that in November 2016, Industrial Production was estimated to have increased by 2.1% compared with October 2016, while yearly basis, the increase was of 2.0%. Manufacturing Production increased by 1.3% in the same month,  and by 1.2% when compared to November 2015. The total trade balance, however, posted  a larger-than-expected deficit of £4.167B. The pair closed the day with gains after advancing up to 1.2270, now the immediate short term resistance, and in the 4 hours chart, technical readings favor additional advances, as the price is above a bearish 20 SMA whilst technical indicators bounced from oversold readings and maintain their strong bullish slopes within positive territory. Nevertheless, the negative sentiment towards the Pound may likely resume once the dust settles, with renewed declines below the 1.2200 figure denying chances of a firmer recovery.

Support levels: 1.2200 1.2150 1.2110

Resistance levels: 1.2270 1.2310 1.3360

Forex Trading Tips

Forex Trading Tips

 

AUD/USD Forex Trading Tips

The AUD/USD pair jumped to its highest since December 14th, reaching 0.7471 before settling with solid around 0.7450. The Aussie rallied ever since the day started, backed by a continued advance in base metals, and a comeback in oil prices amid dollar’s broad weakness. The Australian macroeconomic calendar had little to offer this Wednesday, and will remain empty during the upcoming Asian session, which means that the pair will continue to take clues out of commodities. The current level stands for the 38.2% retracement of the 2016 rally, so it won’t surprise to see some consolidation/retracement before the next directional move. In the 4 hours chart, technical indicators turned sharply higher, now entering overbought territory, while the price has jumped around 100 pips from a bullish 20 SMA. Also, the price has broken above the 61.8% retracement of the latest daily decline around 0.7390, and retracements towards this last will likely attract buying interest. An advance beyond the mentioned daily high will likely result in a test of the 0.7530 region, where the pair will complete a 100% retracement of its December losses.

Support: levels: 0.7425 0.7390 0.7350

Resistance levels: 0.7480 0.7530 0.7560

Forex Trading Tips

Forex Trading Tips

 

GBP/CAD Forex Trading Tips

The GBP/CAD cross resumed its decline this Thursday, but closed off its daily low of 1.5967 at 1.6072, with the Pound once again leading the way. The UK currency plunged to fresh multi-month lows, in spite of  encouraging industrial data, but upcoming US President Donald Trump saved the day, putting the greenback in sell-off mode and pushing the GBP back higher. A recovery in oil prices, despite rising US stockpiles, maintained the CAD also on demand, preventing the cross from advancing further intraday. From a technical point of view, the risk remains towards the downside, as in the 4 hours chart, the advance was capped by a bearish 20 SMA, while the RSI indicator has lost its upward strength after correcting oversold readings, and turned modestly lower around 38. The Momentum indicator in the same chart aims modestly higher around its mid-line, but remains within neutral territory.

Support levels: 1.6035 1.5980 1.5930

Resistance levels: 1.6120 1.6190 1.6250

Forex Trading Tips

Forex Trading Tips

 

Dow Jones Forex Trading Tips

Wall Street shrugged off Trump-triggered losses and recovered in the last hours of trading, with US major indexes closing the day in positive territory. The Dow Jones Industrial Average ended up 98 points at 19,954.28, while the S&P added 0.28% to close at 2,275.32. The pharmaceutical sector underperformed after Trump said companies were “getting away with murder” with respect to drug prices, which weighed mostly in the Nasdaq Composite that anyway added 11 points, and settled at 5,563.65. The DJIA is back on track to test the 20,000 level, as in the daily chart, the index recovered above its 20 SMA, whilst technical indicators bounced modestly after the latest retracement, still lacking enough strength to confirm a bullish move for this Thursday. In the 4 hours chart, the index settled above is 20 and 100 SMAs that anyway remain flat and within a tight range, whilst technical indicators re-entered positive territory, but also with limited upward momentum. The daily high was set at 19,974, with an advance beyond it probably seeing the benchmark extending beyond the 20,000 threshold.

Support levels: 19,913 19,869 19,806

Resistance levels: 19,974 20,045 20,100

Forex Trading Tips

Forex Trading Tips

 

FTSE Forex Trading Tips

The unstoppable rally of the FTSE 100 extended to a new all-time high as the Pound plunged, with the index adding 15 points, or 0.21% to end the day at 7,290.49. The index traded as high as 7,328 intraday, but investors are having second thoughts on the ongoing rally, triggered by a plummeting Pound due to Brexit fears. At some point, speculative interest will realize how unhealthy the run is, and the following decline could become a panic-selling movement. Anyway, the rally was once again backed by a run in base metals, with Anglo American leading the way higher, up by 11.30, followed by Rio Tinto that closed 6.80% higher and BHB Billiton that added 5.93%. Technical readings continue to support the upside, as indicators in the daily chart extended their advances, with the RSI currently at 79. In the 4 hours chart, a bullish 20 SMA continues driving the index higher, now acting as a strong dynamic support at 7,241, while the Momentum indicator holds directionless above its 100 level and the RSI aims higher within oversold territory after a modest downward move.

Support levels: 7,241 7,178 7,146

Resistance levels: 7,330 7,365 7,400

Forex Trading Tips

Forex Trading Tips

 

Gold Forex Trading Tips

Gold prices edged higher this Thursday, after Donald Trump’s press conference was closer to a media show than to a presidential statement.  Investors remained clueless over the upcoming tax reform or infrastructure investment once he was done, while negative comments towards the pharmaceutical industry triggered some risk aversion that ended up benefiting safe-haven gold. Spot rallied up to $1,198.21 a troy ounce, its highest since November 23rd, and closed the day with gains a few cents above 1,191.00. The ongoing correction from multi-month highs seems poised to extend according to the daily chart, as technical indicators keep advancing near overbought readings, while the 20 SMA has definitively turned north far below the current level. In the 4 hours chart, the price recovered quickly above a bullish 20 SMA, whilst technical indicators turned sharply higher after a modest downward move within positive territory, supporting the longer term perspective. The 38.2% retracement of the latest daily decline stands at 1,204.60, and an extension beyond it will confirm the bottom at 1,122, favoring further recoveries afterwards towards 1,280/1,300.

Support levels: 1,188.90 1,179.50 1,173.10

Resistance levels: 1,198.20 1,204.50 1,211.90

Forex Trading Tips

Forex Trading Tips

 

 

Forex Trading Tips

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 Tips

(for people desiring to squeeze more juice from life)

 

Forex Trading Tips

 

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 Tips

 

 

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 Tips


Forex Trading Tips
 

 

Music and Trading

Clarinet and Saxophone

 

 

 


Forex Trading Tips

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

 

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

Forex Trading Tips

 

 

 





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