Ethereum ETH/USD market overview Ethereum ETH/USD Strong resistance in 190 level this the best opportunity for Short Sell 190 Area take profit 160 and 130 area. On the upside breakout and stable 190 level then buy this position, target 225 and 250 level.
Another side of ETH/USD touch 130/25 level buy this position target 180 and 220 level .
A sustainable move higher will take the price towards April,18 high at $176.60 and to $180.00. Ethereum is trading above the 200 EMA which is offering support at $171.17.
Newstrading
USDCAD Weekly Technical Outlook Pullback #USDCAD pullback to 1.3370 as WTI breaks $65.00
Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders.
A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250.
Alternatively, the successful break of 1.3400 can question the strength of a downward sloping trend-line stretched since early-March, at 1.3435 now, a break of which may push buyers to 1.3500.
Another way USDCAD Resistance is 1.3480 level and 1.3600 level USDCAD touch 1.3600 Area Sell position is best because Oil Price has been Up for a long time, so can OIL correction from 65$ Area. and short sell level 1.3480 level .
NEWS:
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The Prime Minister said that the US President Trump’s talks with militia leader Khalifa Haftar last could escalate the civil unrest that could boost oil prices.
He urged political dialogue without the rogue general, WSJ reported. Trump spoke last week with Haftar, who launched an offensive earlier this month to seize the Libyan capital of Tripoli.
Big Week For The Loonie {FOREX Scenario}On Wednesday April 24 the Bank of Canada will be releasing their short term interest rates
I will be paying attention to price in the days prior to the news release.
Be patience and let the institutions give you clues as to their true intention!
Some nice pending setups on this pair and I will be trading it this week.
Stay safe with your stops ;)
USDCAD Technical and Breakout strategy USDCAD 1.3400 acts as nearby resistance, a descending trend-line from March-high, at 1.3440, could challenge buyers afterward. In a case prices rally beyond 1.3440, next target 1.3510 and 1.3600 .
Downside is 1.3315 and 1.3250 may entertain short-term sellers prior to challenging them with an upward sloping support-line at 1.3220 and 200-day SMA level of 1.3200 next targets.
Nokia potentially oversold on the alcatel lucent newsFundamentals:
Nokia took a big hit after stating that they are starting an internal investigation on alcatel lucent which they have bought. Investors reacted pretty hard to this and the stock was diving more that -8% during that day. It of course could be that there will be some negative facts to be found and in the worst case even some fines to be had. So there is of course a risk associated with longing the stock at this point.
However, let's consider this from a different perspective. The company decided willingly to start investigation and they contacted officials by themselves and they do not expect any concrete consequences on the company itself based on the investigation results. Of course this is their own statement and view on the matter and they would ideally always want to make it look like a minor thing even if it weren't. However, considering the other possibility that there won't be anything significant to be found on the investigations and there won't be any fines. The stock has dived more that -5% based on these news and the fear of the potential results. If nothing will be found this would suggest the stock was significantly oversold and should be looking to recover.
Techical side:
The technical side is quite simplistic. RSI9 shows that the stock is on the edge of being oversold and looking at the previous behavior the level 30 has often provided support and the price has bounced up. Sometimes of course this has been violated and can be the case here as well. However just considering the option that after the stock has been up and being valuated at the previous levels 5.25 - 5.6 after Q4 report it would be quite hard to believe the proper value would be below 5€ which is of course a very important support level.
Considering the both sides on this price crash I would suggest that Nokia is currently oversold and will be recovering when the investigations continue and if they show no concrete results suggesting significant fines to be had. I'd be looking to long Nokia now or at the fibonacci support at 5.065 which has been already tested briefly once. Stop loss should be placed below 5.065 support or 5.00 depending on your risk tolerance and personal view on how confident you are on these news.
Lastly considering the option that the investigations bring up skeletons in the closet and significant fines are had then the stop loss is still quite small and the potential reward in my opinion clearly out weights the risk.
How to trade news eventsHi traders,
news events are market situations with strong price movements and can give as fast good profits.
But if when you use the wrong way to set your oders and maybe trade in the wron direction then you
can lose a lot of money if you have not a good exit strategy.
This picture show you how you have to trade the news with limit orders.
I wish you a good trading week.
Stefan Forex
News background & trading ideas for 14/03/2019The international currency market` attention has been captured by Brexit and the pound, again. British lawmakers rejected a no-deal Brexit (voted by 312 to 308 to reject leaving the EU without a withdrawal agreement). Consequently, there will be a vote on delaying Brexit.
It is about lack of time for completing new agreement and holding another Brexit vote ( the UK is due to leave on March 29). So, it has to be delayed. They are likely to vote "for" it (it`s the only move they have.), although that should be agreed by the EU. So, the risk factor for the pound is present.
Nevertheless, the most likely scenario for the development of Brexit that it will be transferred and start the entire process all over again. Although the topic of Brexit is already pretty fed up nevertheless, this is an opportunity for further trading on the pound spikes. Recall, our position since September is to buy pounds on declines.
Another our long-time position is selling the Russian ruble. Therefore, we follow the news background and share the most interesting and significant news related to it. The other day, Bloomberg published an interesting study. According to Bloomberg Economics` Russian assets ($750 billion) moved abroad over the past 25 years. This is half the annual RFR budget of the Russian Federation or 3 (three) annual (!) Russian budgets. This fact is the best way to explain why we so persistently recommend selling the Russian ruble on the foreign exchange market.
Yesterday`s events. The US Economic data came out pretty mixed. Demand for durable goods have increased. Industrial inflation was slightly worse than expected. In general, we treat yesterday`s data as rather weak and continue to adhere to the idea of selling the dollar in the foreign exchange market.
The data on industrial production in the Eurozone pleasantly surprised (+ 1.4% m / m -1.1% y / y, when forecast was + 1.0% m / m -2.1% y / y). Taking into account the fact that the EURUSD pair has surely fixed above the 1.1300, today we recommend its selling.
Lastly, with regard to macroeconomic statistics, Thursday promises to be a relatively calm day, so our other positions have not changed: We buy oil and gold on the intraday basis. We sell USDCAD, but we buy USDJPY.
The Week's Major EventsThe week starts light, with a bank holiday in the US, but builds up rhythm as Japan releases its trade balance data on Tuesday, while the FOMC minutes are the event of the week on Wednesday. Thursday is a big day for US data, with many releases scheduled, while, on Friday, Japanese inflation and Canadian Retail Sales are out.
Monday - 18 February 2019
US President's Day (Full Day) – No stock trading session in the US on account of the President's Day.
Tuesday - 19 February 2019
RBA Minutes (AUD, GMT 00:30) – The RBA minutes will provide more insight on the views the Australian Central Bank has about the economy.
Average Earnings and Unemployment (GBP, GMT 09:30) – Earnings are expected to have grown by 3.4% in the last quarter of 2018, while the ILO Unemployment Rate for the 3 months to December is expected to have declined to 3.9%.
Trade Balance (JPY, GMT 23:50) - Japanese imports are expected to have increased by 3.7% y/y in January, compared to 1.9% in December, in expectation of higher domestic consumption. Exports are expected to have declined by 1.9% y/y in January. Overall, the trade balance is expected to have improved in January.
Wednesday – 20 February 2019
Wage Price Index (AUD, GMT 00:30) – Australian wages are expected to have increased by 0.6% q/q in the final quarter of 2018, at the same level as in 2018Q3.
FOMC Minutes (USD, GMT 19:00) – FOMC minutes, detailing the view of each of the Fed Governors and FOMC Members shed light on their perspectives over the future of the US economy.
Thursday - 21 February 2019
Employment Data (AUD, GMT 01:30) - Employment is expected to have increased by 15K in Australia in January, compared to 21.6K in December. The unemployment rate is expected to have remained at 5%.
All Industry Activity Index (JPY, GMT 04:30) – Japanese industry activity is expected to have grown by 0.5%, compared to a 0.3% contraction last month, indicating that the Japanese economy is slowly increasing consumption.
EU PMIs (EUR, GMT 09:00) - Both manufacturing and services February PMIs are expected to have remained at the same levels as in January.
Durable Goods and Philly Fed (USD, GMT 13:30) - Durable Goods release has been delayed by the US government shutdown and are expected to have increased by 0.2% m/m in December. Philly Fed Index is expected to remain on positive grounds, albeit decreasing to 14 compared to 17 in January.
US PMIs (USD, 14:45) - The Manufacturing PMI is expected to have declined to 54.7 in February, compared to 54.9 in January, while the Services PMI is expected to have remained unchanged at 54.2
Existing Home Sales (USD, GMT 15:00) - Home sales have regained their status as an important indicator after the financial crisis and can have a strong effect on the markets. The release is expected to record 5.05M compared to 4.99M in December.
Friday - 22 February 2019
National CPI Index (JPY, GMT 01:30) - The Japanese price index is expected to have increased to 0.8% on a y/y basis, compared to 0.7% on December.
CPI Inflation (EUR, GMT 10:00) - Core CPI inflation is expected to have grown by 1.1% y/y in January, the same level as December. CPI inflation is also expected to have increased by 1.4% y/y, the same growth rate as December.
Retail Sales (CAD, GMT 13:30) - Canadian sales are expected to have decreased by 0.2% m/m in December, compared to 0.9% m/m in November.
*Delayed data from the US Government shutdown is tentatively scheduled for next week.
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DLT/BTC 15% Profit
Unfortunately,Two days ago they have hacked my Gmail account And they managed withdraw all currencies in the binance account Now I have nothing I am publishing to you all the analyzes I am doing and it is a success by 80% I need your support now. Anyone who donates to me can ask me to analyze any currency they want and at any time they want I also have a program that detects the pump before it happens Now I do not have anything to trade with. Please help me.
News Set Up for GBP pairs 2/11/19 This setup looks great for a new setup trade strategy. The GBPJPY pair moved between a range of 128-251 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
News Set Up for GBP pairs 2/11/19 4:30amThis setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 36-188 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
News Set Up for GBP pairs 2/11/19 4:30am This setup looks great for a new setup trade strategy. The GBPCAD pair moved between a range of 103-297 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
News trading for GBPEUR pairs 2/11/19 4:30amThis setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 33-188 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
News Set Up for GBPEUR pair 2/11/19 4:30amThis setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 36-188 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
GBPAUD double News retracement trade +204 Pip potentialHad major news on Both currencies in this pair. UK parliament vote on Brexit sent GBP down and a better ten expected AUD CPI sent AUD up. This setup will try an harness both results
I am using fib levels using the Pre Uk vote price (which is not the daily high) and the low after the Aud news (which still may change so we will have to re draw the fibs)
Using 2 even entries at the following fib levels:
.382 = 1.8284
.50 = 1.8307 (yes I know it's not a real fib level)
I do not expect this market to retrace more than .50 (which is where the Kejun Sen = Bold Blue line will probably be)
Stop = 1.8353 and will tighten as we keep it 10 pips above the Kejun Sen
Risk = 58 pips
Profit Target = 1.618 ext. = 1.8091
Reward = +204 Pips
Current RRR = 3.5 - 1
Possible GBP/CAD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find support at current levels at @ 1.7444 level and move towards the first Target 1 level @ 0.7100
FX:GBPCAD
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 1.7100
Target 2 @ 1.6900
Risk/Reward @ 3.0
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
US NEWS TRADES AUDJPY 15MToday's news events are NFP & Fed Powell speaking
Fractal Highs and Lows have been created by price
Price above 50 sma so Bullish bias trades
Macd above Zero line so Bullish bias trades
Breakout of fractal highs will be trade bias
1st and 2nd fractal high breakout trades have been entered
Take Profit will be 800 sma line
Adjusted SL at previous low point