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Ways To Determine Some Of The Best Forex Brokers1. Trading Costs 2. Customer Service 3. Dealing Desk, Or No Dealing Desk 4. Trading Platform 5. Margin 6. Regulation A variety of choices among forex brokerages has arisen that may make the decision of whom to work with seem daunting. However, if traders follow some basic guidelines in regard to cutting costs and maximising the efficiency and security of their activities, they will be more likely to ensure that their trading will be a positive and profitable experience.
UEducation
by francisrv
TRADE ANALYSIS: NZDUSD SITS AT TRENDLINE RESISTANCEThe NZDUSD could see some short-term downside as price sits at the trendline resistance highs. Price has tried to break higher on a few occasions with no luck so far and with the USD looking likely to continue to the $97.50 resistance we could see NZDUSD head back towards to the trendline support. This market is in a consolidation pattern meaning that we must wait for added confirmation before looking for key high probability trading opportunities.
Short
by BlueberryMarkets
2
USD/CAD SELL - 06/11/2017 The price showed a significant fall last Friday and broke down previous lower boundary of the range. The bearish move was sharp and on large volume, so we should give preference to short positions. We can enter the market after a breakdown of the fresh volume level of support 1.2724 - 1.2747. A stop loss should be place above the breakdown volume bar. A potential of the deal is up to 200 points. The bottom line: short positions after the sure breakdown of the support
Short
by trustbrokergroup
GBP/USD SELL - 06/11/2017The pound is trading in the level of support/lower limit of the global consolidation 1.3061 - 1.3090, where large volume is concentrated. So overall, the situation remains the same: the price is locked in the consolidation, but given the strong fall last week, we should give preference to short positions. We can open sales only after a confident and sharp breakdown of the support level. The move must be supported by increased/large volume to avoid any false breakouts. A stop loss should be placed above the breakdown volume bar. A potential of the deal is more than 150 points. The bottom line: short positions after the strong breakdown of the support.
Short
by trustbrokergroup
EUR/USD SELL - 02/11/2017Despite the growth of the price during the Asian session today, we still should give preference to short positions for the Euro as there are two strong resistance levels and the fall of the price was supported by large volume while the correction was on small volume. We can enter the market after a resumption of the fall of the pair on large volume both from the current level or after a test of the resistance. A stop loss should be placed above the level of resistance. A potential of the deal is around 120 points. The bottom line: short positions after a resumption of the fall.
Short
by trustbrokergroup
USD/CAD BUY - 30/10/2017 The price corrected sharply on Friday, but the move was on average volume, so we should consider it as a reversal signal. Moreover, there is a local uptrend and the support 1.2764 - 1.2777. So we need to wait for the resumption of the growth (especially after the test of the level) and then we can open long positions. A stop loss should be placed below the support level. A potential of the deal is 130 pips. The bottom line: long positions are in priority.
Long
by trustbrokergroup
USD/JPY BUY LIMIT - 30/10/2017After the test of the level of resistance, USD/JPY rebounded down sharply and on large volume, which puts under the question the scenario of opening long positions. But on the other hand, there is a strong uptrend, so we still should give preference to purchases. We can enter the market after a sure breakout of the resistance on increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is 110+ points. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
GBP/USD Waiting - 30/10/2017Nothing has changed for the Pound as the price is still trading in the consolidation between two strong levels: the support 1.3049 and the resistance 1.3318. Also we should note that large volume is concentrated in this range, so the exit of the price from it will be a good signal for entering the market. That’s why we should wait for the price to come out from the consolidation on increased/large volume. The movement must be sharp. Only after that we can consider new deals here. The bottom line: waiting for the price to exit from the range.
by trustbrokergroup
XAU/USD - GOLD - SELL LIMIT - 27/10/2017Gold finally broke down the support and after that continued falling. Also we need to highlight the new resistance level 1273.80 - 1276.20, where large volume is concentrated.Given all these factors we should give preference to short positions. We can enter the market after a smooth correction up to the resistance in order to get a better price for entering. A stop loss should be placed above the resistance level. A potential of the fall is 120-130 pips. The bottom line: short positions after a smooth upward correction.
OANDA:XAUUSDShort
by trustbrokergroup
AUD/USD SELL LIMIT - 27/10/2017Downtrend for this currency pair continues as the price fell down sharply on increased volume. Unfortunately, it was spread throughout the chart, so we can’t point out any concrete volume level. Anyway, now we should consider only short positions. We can enter the market after a smooth upward correction on small volume. A stop loss should be place at the level 0.7720. A potential of the fall is 80 pips. The bottom line: short positions are in priority.
Short
by trustbrokergroup
EUR/USD SELL - 27/10/2017 After significant fundamental factors the ECB meeting, the decision on the interest rate), EUR/USD demonstrated a strong fall of the price. The downward movement was sharp and on very large volume. As a result, the price broke through the lower boundary of the consolidation and continued its falling. Also it is necessary to allocate 2 new levels of resistance. The first 1.1692 - 1.1705, the second 1.1740 - 1.1760. In both levels, large volume is concentrated. Considering all the above factors, now it is worth considering exceptionally short positions for this currency pair. Sales can be opened after a smooth correction of the price up on small volume. A stop loss should be placed a little above the resistance level 1.1692 - 1.1705. A potential of the fall is 150-160 points. If the price breaks through this resistance level, our scenario still remains relevant, but it is applicable to the second resistance. The bottom line: short positions are in priority.
Short
by trustbrokergroup
2
XAU/USD - GOLD Waiting 26/10/2017The situation for gold is complicated as the price showed a significant growth on large volume yesterday. Also the new support 1271.40 was created during the move. So until its breakdown we can’t consider short positions. On the other hand, there is a downtrend and huge volume accumulation at the top of the chart. So opening long positions is quite risky at the moment. Moreover, the price is trading in some kind of local consolidation, that’s why the best decision will be waiting for its exit from the range. The move should be sharp and on large volume. Until that it is better to stay out of the market. The bottom line: waiting for the exit of the price from the local range
OANDA:XAUUSD
by trustbrokergroup
1
USD/CAD BUY - 26/10/2017USD/CAD continued its growth after the release of fundamental news yesterday. It is worth noting that the upward movement was very sharp and on very large volume, which is an excellent bullish signal. It is also necessary to allocate a new support level 1.2764 - 1.2777, which was formed during this movement and which contains very large volume too. Given these factors, we should give preference exceptionally to long positions for this currency pair. Sales can be opened after the test of the level of support and the resumption of the price growth from it. A stop loss should be placed below this level. The potential of the deal is more than 100 points. The bottom line: long positions are in priority.
Long
by trustbrokergroup
GBP/USD BUY - 26/10/2017The Pound grew up sharply and on large volume yesterday, which is a good bullish signal. So even despite the fact that the price is trading in the range right now, we should consider the scenario of its exit from the consolidation up. It will give a possibility to open long positions. The move must be abrupt and supported by increased/large volume in order to insure us from fake movements. A stop loss should be placed below the breakout volume bar. A potential of the deal is up to 200 pips. The bottom line: long positions after a breakout of the upper limit of the range.
Long
by trustbrokergroup
EUR/USD BUY - 26/10/2017 Despite the strong growth of the price yesterday, the Euro is still locked in the consolidation between two strong volume levels: 1.1680 - 1.1699 and 1.1870. So our previous scenario remains the same: trading only after the exit of the price from the consolidation. But given the sharp upward move, we should give a little advantage to long positions. We can open purchases after an abrupt and sure breakout of the level 1.1870. The movement should be supported by large volume, which will be a more accurate signal. A stop loss should be placed below the breakout volume bar. The target is 1.2015. More please check section Daily Analysis website www.trustbrokergroup.com The bottom line: long positions after a sure breakout of the resistance.
Long
by trustbrokergroup
GOLD - XAU/USD - 25/10/2017Gold fell down yesterday and is testing the support level 1272.90 at the moment. Given the presence of the local downtrend and the absence of any significant reaction of the price to the level, we should consider the scenario of its breakout, which will be a strong bearish signal. The breakdown move should be sharp and supported by large volume, which will be a more accurate and sure signal for entering the market. A stop loss should be placed above the breakdown volume bar. A potential of the deal is up to 150 pips. The bottom line: short positions after a breakdown of the support.
OANDA:XAUUSDShort
by trustbrokergroup
AUD/USD - 25/10/2017AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales should be opened after a small and smooth correction of the price upwards to get a more profitable entry point and, as a consequence, a better risk/profit ratio. A stop loss should be placed for the level of 0.7785. The fall potential is about 100 points. The bottom line: short positions are in priority.
Short
by trustbrokergroup
USD/CAD - 25/10/2017The local uptrend for USD/CAD continues as the price grew up sharply yesterday. The move was supported by increased volume which only strengthens it is importance. Given all these facts we should consider exceptionally long positions. We can enter the market after a smooth downward correction of the price in order to get a better entry point. A stop loss should be placed 1.2617. A potential of the growth is more than 100 pips. The bottom line: long positions are in priority.
Long
by trustbrokergroup