Dear friends! First of all, I want to congratulate you on the May holidays and wish you successful trading! May Fortune favor you and all deals bring you profits only! I also wish you more bright ideas and much success in all endeavors! I hope that your work will always bring you financial gains and, moreover, a great mood!
I suppose that each of you wants to share your trading results in the comments below the article. Now I will start from myself.
Hello dear friends! First things first. Let me congratulate you on Joyful Easter and wish everyone happiness, peace, and God’s grace! I do hope that global geopolitical tensions will eventually fade and people will shrug off fears, anticipating tomorrow with confidence. I wish influential people stopped asserting their military power and did not expose life of civilians to dangers. May fluctuations of trading instruments depend entirely on fundamental data which can be predicted by means of technical analysis regardless of a stance of policymakers who throw markets into turmoil.
Hello everyone! I don’t know how about you, but I still can’t find any logical fundamental explanation for the greenback’s strength against the majors that was witnessed during the recent US session. The reasons offered by analysts at large companies don’t satisfy me. It seems to me they don’t quite get what they are writing about; sometimes that’s complete rubbish. You don’t believe me? Wait for it. On Friday, we had a nice opportunity to see them wrong. Let’s look back and remember the key events of that day.
Greetings to all visitors of my blog! Despite the playful mood which is common for April 1st, I suggest we deal with serious things and calculate how much I earned in March 2017. Thanks to risk diversification, a systematic approach, and strict observance of capital management methods, my profits swelled to $1,348 last month. As you see, the use of different trading strategies and systems as well as distribution of assets between three trading accounts again proved their efficiency. Thus, another month finished in the green.
It is likely that continuous uptrend of the EUR/NZD pair is at the final stage and I expect to see the pair start falling today.I forecast further price movements with the help of technical analysis tools. In this case, chart and candlestick patterns were used. The four-hour time frame showed:
the Double Top pattern
the Shooting Star candlestick pattern which is located at the second top
Last week the single currency gained ground against the greenback, the British pound, the yen, and the kiwi. Today euro bulls touched Friday’s highs, but recently bears have gathered momentum. The candlestick charts prompted me to join bears and sell EUR/USD and EUR/JPY. In this review, I will show you the reversal candlestick patterns and the key levels for the euro to recover.
The EUR/JPY and EUR/NZD pairs have finally started moving in accordance with my expectations which I presented last month. These trading instruments have formed reversal patterns that have been developing successfully over the last few days. If you had enough patience to keep trades on these pairs open, then it’s time for you to reap a decent profit. At the same time, there were some unlucky fellows, like me, who managed to lock only small gains or whose trades were closed by stop loss orders. So, let me show you what price levels I’m going to use to enter the market again.
Hi to everyone. Today is the last winter day, so it’s time to sum up trading results for February 2017. This month was quite difficult for me, as quotes broke through support and resistance levels many times and ignored the mirror levels. Besides, the gains received from trading on patterns were limited as deals closed at first target levelsto lock in a profit. All in all, the total profit on three accounts came in at $392.
Dear colleagues, I hasten to tell you my forecast for the further movements of USD/CHF and EUR/JPY pairs:
USD/CHF – the Bearish Wolfe wave was formed on the four-hour time frame. It will cause a short-term weakening of the US dollar against the Swiss franc;
EUR/JPY – consolidation shaped the Wedge. Currently, the price is near the support level at 118.70; any breach will lead to a mid-term rise of the euro against the yen.
