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  1. Last week
  2. xtreamforex

    XtreamForex Company News

    Advantages and Requirements of the MT4 Forex Trading Platform Mt4 or Meta Trader 4 is one of the most popular and used Forex Trading Platform. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading. The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier. Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so. The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors. The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.
  3. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD, USD/JPY and USD/CHF Currency Pair AUD USD AUD traded higher against USD and closed at 0.6747. · AUD/USD maintaining bid tone as markets send mixed signals regarding risk. · US yields hitting historic lows in Asia with 30-year yield below 2.0%. · Bond market is pricing in strong chance of recession nL4N25B0GG. · Despite moves in US Treasuries. S&P futures up over 0.40%. · AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300. · Unless bond market wrong, AUD/USD should struggle on global growth concerns. · AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo. According to the Analysis, pair is expected to find support at 0.6738 and a fall through could take it to the next support level of 0.6721. The pair is expected to find its first resistance at 0.6794 and a rise through could take it to the next resistance level of 0.6811. USD JPY USD traded lower against JPY and closed at 105.89. Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country. The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes. According to the Analysis, pair is expected to find support at 105.70 and a fall through could take it to the next support level of 105.48. The pair is expected to find its first resistance at 106.44, and a rise through could take it to the next resistance level of 106.66. USD CHF USD traded higher against CHF and closed at 0.9732. According to the Analysis, pair is expected to find support at 0.9712 and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9762, and a rise through could take it to the next resistance level of 0.9777. According to Citi Research report "With risk sentiment continuing to deteriorate by the week, investors may look to extend risk aversion trades into 2020 as: (1) Worsening US – China trade tensions risk a disinflationary impulse from CNY heading towards 7.25 - 50; (2) Possible risk of USD intervention by the US; (3) Rising odds of a “No Deal” Brexit; (4) Re-emergence of Italy political risk; (5) Slowing global growth leading to central bank policy responses and a “race to the bottom” in rates sparking a currency war; (6) Potential damage to US – Japan/ Europe trade relations should Trump impose tariffs on auto imports; (7) 2020 - US presidential election year leaves scope for a more aggressive Trump; (8) Tensions in HK, Iran, North Korea, now Argentina and India – Pakistan,"
  4. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1169. · EUR/USD aims to revisit 4H 100MA after taking another U-turn from near-term resistance-line. · While 1.1283/87 can please buyers during upside break, 23.6% Fibonacci retracement can lure during post-1.1158 declines. The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 1.1170 and a fall through could take it to the next support level of 1.1156. The pair is expected to find its first resistance at 1.1214 and a rise through could take it to the next resistance level of 1.1228. GBP USD GBP traded lower against USD and closed at 1.2058. · GBP/USD remains on a back foot amid recent UK political news. · Rebel MPs readying for early-September action. · UK CPI, trade/political news in the spotlight. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). According to the Analysis, pair is expected to find support at 1.2046 and a fall through could take it to the next support level of 1.2033. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2103. AUD USD AUD traded lower against USD and closed at 0.6800. · AUD/USD drops to the intra-day low after China’s July month Retail Sales and Industrial Production lagged behind market consensus and prior. · Cautious trading and a lack of fresh clues confined the pair’s moves during the early morning. · The US-China trade news, speech from RBA’s Debelle will provide fresh impulse. The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 0.6760 and a fall through could take it to the next support level of 0.6743. The pair is expected to find its first resistance at 0.6814, and a rise through could take it to the next resistance level of 0.6831
  5. Earlier
  6. xtreamforex

    Daily Forex News

    Technical Overview of USD/JPY, NZD/USD and USD/CHF Currency Pair USD JPY USD traded lower against JPY and closed at 105.6900. · USD/JPY: Bears staying in control in the Asian session. · USD/JPY4-hour chart: The pair is also at risk of extending its decline, USD/JPY has lost some ground as the yen takes up another bid while geopolitics keep the yen bulls in business ahead of a key week on the US calendar. According to the Analysis, pair is expected to find support at 105.3 and a fall through could take it to the next support level of 104.92. The pair is expected to find its first resistance at 106.04 and a rise through could take it to the next resistance level of 106.39. NZD USD NZD traded lower against USD and closed at 0.6468. · NZD/USD jumps 20 pips on comments by New Zealand's Treasury that QE is less appealing. · Treasury feels RBNZ could cut rates to the negative territory if required. NZD/USD is recovering lost ground on comments by New Zealand's Treasury that asset purchases or quantitative easing (QE) are a less appealing tool of monetary easing. According to the Analysis, pair is expected to find support at 0.6402 and a fall through could take it to the next support level of 0.6359. The pair is expected to find its first resistance at 0.6478, and a rise through could take it to the next resistance level of 0.6512. USD CHF USD traded lower against CHF and closed at 0.9727. · USD/CHF's 4-hour and daily charts are showing signs of seller exhaustion. · The pair could rise to the 10-day moving average resistance during the day ahead. USD/CHF could see a corrective bounce to the 10-day moving average (MA) of 1.0938 during the day ahead as technical charts are flashing early signs of a bearish-to-bullish trend change. According to the Analysis, pair is expected to find support at 0.9703 and a fall through could take it to the next support level of 0.9680. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9784
  7. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD, GBP/USD and USD/CAD Currency Pair AUD USD AUD traded lower against USD and closed at 0.6802. RBA quarterly SOMP just released is in line with dovish market assumptions RBA notes the downside risks posed by US-China trade war escalation AUD/USD off early high (0.6822), but still holding above 0.6800 The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6666. The pair is expected to find its first resistance at 0.6789 and a rise through could take it to the next resistance level of 0.6818. GBP USD GBP traded higher against USD and closed at 1.2133. The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 1.2113 and a fall through could take it to the next support level of 1.2082. The pair is expected to find its first resistance at 1.2182, and a rise through could take it to the next resistance level of 1.2221. USD CAD USD traded lower against CAD and closed at 1.3227. The employment Change released by the Statistics Canada is a measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish. The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish. According to the Analysis, pair is expected to find support at 1.3279 and a fall through could take it to the next support level of 1.3251. The pair is expected to find its first resistance at 1.334, and a rise through could take it to the next resistance level of 1.3373
  8. xtreamforex

    Daily Forex News

    Technical Overview of NZD/USD, EUR/USD and USD/CNY Currency Pair NZD USD NZD traded lower against USD and closed at 0.6446. · Lower than expected USD/CNY fix and comments from RBNZ calming markets. · RBNZ asst Governor Hawkes by is confident inflation will rise after 50 BP cut. · Hawkes by said unconventional tools an option only if inflation tanks. · NZD/USD resistance at former support at 0.6480/90 where sellers are tipped. The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. According To consensus GDP rate is expected to be lower than previous rate. According to the Analysis, pair is expected to find support at 0.6455 and a fall through could take it to the next support level of 0.6452. The pair is expected to find its first resistance at 0.6461 and a rise through could take it to the next resistance level of 0.6463. EUR USD EUR traded higher against USD and closed at 1.1199. Danske Research discusses EUR/USD outlook and expects a dip back towards 1.10 in EUR/USD on 1-3M on yet another Fed disappointment in September. According to the Analysis, pair is expected to find support at 1.1211 and a fall through could take it to the next support level of 1.1209. The pair is expected to find its first resistance at 1.1214, and a rise through could take it to the next resistance level of 1.1216. USD CNY USD traded lower against CNY and closed at 7.0602. USD/CNY fix at 7.0039, which was below market estimates. The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY. According to the Analysis, pair is expected to find support at 7.0359 and a fall through could take it to the next support level of 7.0116. The pair is expected to find its first resistance at 7.0749, and a rise through could take it to the next resistance level of 7.0896.
  9. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD, GBP/USD and USD/JPY Currency Pair AUD USD AUD traded lower against USD and closed at 0.6756. AUD/USD remains upbeat as the RBA renounce from the policy change. The central bank stepped back from suggesting further rate cuts. Trade/political news will be followed for fresh impulse. According to the report of The Reserve Bank of Australia (RBA), there will be no change in the monetary policy, offers a 1.0% interest rate. The central bank avoid from supporting further rate cuts while leaving the door open based on future growth conditions. Earlier during the day, upbeat trade balance data for June also pleased Aussie buyers. According to the Analysis, pair is expected to find support at 0.678 and a fall through could take it to the next support level of 0.677. The pair is expected to find its first resistance at 0.6797 and a rise through could take it to the next resistance level of 0.6803. GBP USD GBP traded higher against USD and closed at 1.2143. · GBP/USD stays on defensive 100 hour exponential moving average. · 4-day old support-line seems immediate rest ahead of 1.2080. According to the Analysis, pair is expected to find support at 1.2101 and a fall through could take it to the next support level of 1.2057. The pair is expected to find its first resistance at 1.2189, and a rise through could take it to the next resistance level of 1.2233. USD JPY USD traded higher against JPY and closed at 105.9500. The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. Previous reading for Gross Domestic Product was 0.6%. Expected GDP is 0.1%. According to the Analysis, pair is expected to find support at 106.43 and a fall through could take it to the next support level of 106.17. The pair is expected to find its first resistance at 107.02, and a rise through could take it to the next resistance level of 107.36
  10. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1107. The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) today shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD. According to the Analysis, pair is expected to find support at 1.1121 and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1130 and a rise through could take it to the next resistance level of 1.1135. AUD USD AUD traded lower against USD and closed at 0.6799. AUD/USD down 0.5% in sympathy with a weakening Yuan as China fights back. USD/CNY blasts through pivotal 7.00 as US-China trade tensions escalate. Leads to risk aversion in Asia as risk/EM assets sold across board. Havens JPY, XAU +0.5%, US-10 year yield hits 1.7890, lowest since Nov 9, 2016. Risk barometer AUD/JPY -1% to a new 2019 low; RBA to sound more dovish Tues? According to the Analysis, pair is expected to find support at 0.6776 and a fall through could take it to the next support level of 0.6768. The pair is expected to find its first resistance at 0.6789, and a rise through could take it to the next resistance level of 0.6794. NZD USD NZD traded lower against USD and closed at 0.6540 A number of downward slopping trend lines indicate weakness of NZD/USD. 10-week old support-line grabs bears’ attention. In addition to a two-day long descending trend-line, the NZD/USD pair’s sustained trading below a resistance-line stretched since late-July also portrays its weakness as the quote seesaws near 0.6510 during early Monday. The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, today a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 0.6521 and a fall through could take it to the next support level of 0.6513. The pair is expected to find its first resistance at 0.6533, and a rise through could take it to the next resistance level of 0.6537.
  11. xtreamforex

    XtreamForex Company News

    What is a Bull Market? Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies. The term bull market derives from the way a bull attacks its enemies by swaying its thorns upwards, therefore it describes a market that is heading in an upwards direction. What stands out about a bull market is that it is generally moving upwards, and has been moving upwards for a long period of time. Even if it suffers minor losses its general direction is always positive. This doesn’t apply to just the currency, but the whole environment surrounding the currency like the economic environment, employment in the country, and number of investments. A bull market attracts many investors as it promises almost guaranteed high profits, and because it keeps getting investors, it continues to perform well and thrive. It is hard for investors to suddenly lose interest in a bull market, unless a general rumour is spread about the market, making all investors and traders believe that this market is going to decline, forcing them to withdraw their investments, and invest against the market, leading to a big decline and moving the market from bullish to bearish. Of course there are many ways for a market to be affected, and that can be through big news releases, businesses between countries and more, if the market declines on its own, it will also push investors away which will further in its decline.
  12. xtreamforex

    XtreamForex Company News

    What are Forex Signals Forex traders are constantly on the lookout for ways to help them trade better, make better predictions and ultimately make more profits. So it is important for traders to look at all the options they have before deciding what is best for them. Forex Signals provide raw data and insights about the market so that traders can make better informed trading decisions with much less risk. Unlike EAs, Forex Signals are sent on a regular basis through alerts like SMS messages, email alerts or pop up messages. Some Forex brokers offer free signals on their platforms, or through their services giving traders constant updates, but in the case that they do not there are many separate Forex Signal services. If traders want to use a Forex Signal service from a third party it is offered at a fee, usually an average of 200 dollars a month. When you pay for the service you will have more options regarding the method you would like to receive the signals, and they will be more regularly updated. It is important to note that no matter how good or reputable the service is nothing in Forex is 100% guaranteed, and even these predictions which are based on technical and fundamental analysis can prove to be wrong if unexpected market changes occur, so even in the case of using Forex Signals traders still have to use their own knowledge and trust their own instincts when making their trading decisions.
  13. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD and GBP/USD Currency Pair EUR USD EUR traded lower against USD and closed at 1.1121. Staying Tactically Bearish For 1.1050; A 50bp Fed Cut Would Be A Game Changer. According to the Analysis, pair is expected to find support at 1.12150 and a fall through could take it to the next support level of 1.11543. The pair is expected to find its first resistance at 1.14118, and a rise through could take it to the next resistance level of 1.14725. GBP USD GBP traded higher against USD and closed at 1.2343. To New 2019 Low As EU Affirms No Reopening Of Brexit Deal. According to the Analysis, pair is expected to find support at 1.25558 and a fall through could take it to the next support level of 1.24902. The pair is expected to find its first resistance at 1.27682, and a rise through could take it to the next resistance level of 1.28338. COT Report for Different Currencies this week COT Report for Swisse Swissie Net Commercials volume is above the 0 mark and in a positive side showing Net Long positions in strength. Its a wise decision to remain Long on swissie. COT Report for Canadian Dollar Here In Canadian Dollar Net Commercials we see that from the 11th June- 18th June. The Canadian Dollar has weighted towards a Net Commercial Short Position. Means that Shorting Canadian Will be a wise decision, Alternatively Going Long on the retracements can also be entertained. COT Report for US Dollar US Dollar Net Commercial Positions Weighs towards the Net Short side. It can be clearly seen that from the Year start , the commercials have been interested in shorting the US Dollar. COT Report for GBP After facing turbulance from 19 March to almost a month ,GBP Net commercials weigh towards the Long Net Positions. GBP may show some reaction to the COT Report this week. For Detailed analysis visit XtreamForex YouTube Channel.
  14. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD and GBP/CHF Currency Pair EUR USD EUR traded lower against USD and closed at 1.1208. EUR/USD - Bears get clear signals ahead of ECB Meet. We have break below close below of Daily Ib and Weekly Ib. Bollinger bands facing towards south. EUR/USD near-term downside limited to channel base 1.1158 Quiet Trading Expected Ahead Of Key Event Risks ECB meeting Thursday and FOMC next week likely be catalysts for breakout. According to the Analysis, pair is expected to find support at 1.12013 and a fall through could take it to the next support level of 1.11941. The pair is expected to find its first resistance at 1.12204, and a rise through could take it to the next resistance level of 1.12323. GBP CHF GBP traded higher against CHF and closed at 1.225. The GBP/CHF continued to trade downwards, targeting the lower area located @1.2000. Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages and has breached low of Monthly candle currently located in the 1.2285/1.2325 range, it is expected, that the British Pound could continue to depreciate against the Swiss Franc. According to the Analysis, pair is expected to find support at 1.22173 and a fall through could take it to the next support level of 1.21845. The pair is expected to find its first resistance at 1.22931, and a rise through could take it to the next resistance level of 1.23361. Fundamentals of the Day 1) Dollar rises as fears of a 50 point interest-rate cut fade The U.S. dollar rose in afternoon trade on Friday as fears of a larger-than-expected 50-basis-point interest rate cut in July abated after the New York Federal Reserve walked back dovish comments from its president the prior day. 2) ECB Bank Lending Survey The bank lending survey (BLS) for the euro area was launched in 2003. Its main objective is to enhance the Eurosystem’s knowledge of financing conditions in the euro area. The BLS provides input to the ECB Governing Council’s assessment of monetary and economic developments, on which it bases its monetary policy decisions. 3) FPC Meeting Minutes Bank of England Financial Policy Committee Minutes is a detailed record of the FPC's most recent meeting. The report, which is released quarterly, provides in-depth insights into the financial conditions and decisions towards financial stability. 4) Tory Leadership Contest Result Announcement The UK Conservative Party is set to announce the results of the vote for its new leadership. UK tories have been voting for weeks and the race has been trimmed to two candidates: Boris Johnson and Jeremy Hunt. The winner of the contest will become the new British Prime Minister, succeeding Theresa May at the Number 10 Downing Street office. For Detailed analysis visit XtreamForex YouTube Channel.
  15. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, AUD/NZD and EUR/JPY Currency Pair EUR USD EUR traded higher against USD and closed at 1.1220. Below 200 and 50 EMA with the trend towards the down side. Making a series of Lower Highs and Lower Lows. Stalling in the Weekly Inside bar Pattern. Break on either side may lead the trend. The most important factor is the Fed rate cut. According to the Analysis, pair is expected to find support at 1.1214 and a fall through could take it to the next support level of 1.1207. The pair is expected to find its first resistance at 1.1226, and a rise through could take it to the next resistance level of 1.1231. AUD NZD AUD traded lower against NZD and closed at 1.0401. Below 200 and 50 EMA with the trend towards the down side. Making a series of Lower Highs and Lower Lows. Broke the Weekly inside Bar Pattern to the down side. Broke the low of Monthly candle, Any Selling opportunity may be good option. According to the Analysis, pair is expected to find support at 1.0383 and a fall through could take it to the next support level of 1.0376. The pair is expected to find its first resistance at 1.0396, and a rise through could take it to the next resistance level of 1.0402. EUR JPY EUR traded lower against JPY and closed at 120.77. Bears in control as they broke the Weekly In sidebar and are to target the bearish ABCD Pattern, heading towards minimum 127 extension. ECB steers the market towards more easing later in the year. Quantitative Easing and Further rate cut by 10 Basis Points will weaken the EURO. This rate cut may occur in September. Until then EURO may remain sideways. According to the Analysis, pair is expected to find support at 120.94 and a fall through could take it to the next support level of 120.86. The pair is expected to find its first resistance at 121.10, and a rise through could take it to the next resistance level of 121.20. For Detailed analysis visit XtreamForex YouTube Channel.
  16. xtreamforex

    Daily Forex News

    Technical Overview of EUR/AUD, AUD/JPY and GBP/AUD Currency Pair EUR AUD EUR traded higher against AUD and closed at 1.5936. Below 200 and 50 EMA. Making a series of Lower Highs and Lower Lows. A Bearish/Resistance Trend line Formed. Better option is to trade the strength of AUD and Remain short. Alternatively Go long if the pair breaches the Resistance Trend Line. According to the Analysis, pair is expected to find support at 1.58949 and a fall through could take it to the next support level of 1.58541. The pair is expected to find its first resistance at 1.60044, and a rise through could take it to the next resistance level of 1.60731. AUD JPY AUD traded higher against JPY and closed at 75.898. The pair is in a Weekly MBIB formation. The pair slashed the Daily and Weekly Highs. Making a triangle formation as well on the H4. It’s above 50 and 200 EMA Breakout Levels Marked. Target the breakout of 127 Extension on either side. According to the Analysis, pair is expected to find support at 75.563 and a fall through could take it to the next support level of 75.227. The pair is expected to find its first resistance at 76.109, and a rise through could take it to the next resistance level of 76.319. GBP AUD GBP traded higher against AUD and closed at 1.773. Perfect Example of Currency Strength Analysis. Strength of AUD leads the pair to South. The recent bearish News on the Pound supports the movement. It has already breached through Weekly Lows and is below 200 and 50 EMA. For now it's in a Daily Chart Mother bar inside Bar. A break below will be trend continuation. According to the Analysis, pair is expected to find support at 1.76797 and a fall through could take it to the next support level of 1.76296. The pair is expected to find its first resistance at 1.77716, and a rise through could take it to the next resistance level of 1.78134. For Detailed analysis visit XtreamForex YouTube Channel.
  17. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD and EUR/JPY Currency Pair AUD USD AUD traded higher against USD and closed at 0.7008. Higher After Post-Aus Jobs Short-Covering AUD/NZD rallied from a 4-month low at 1.0404 to 1.0435. AUD/USD rally was short-covering as it doesn't change RBA expectations. Resistance at 0.7045 while 10-day MA at 0.6991 is support. According to the Analysis, pair is expected to find support at 0.69948 and a fall through could take it to the next support level of 0.69811. The pair is expected to find its first resistance at 0.70233, and a rise through could take it to the next resistance level of 0.70381. EUR JPY EUR traded lower against JPY and closed at 121.15. JPY breaking its lows on daily candle as well as weekly candle. The losers against the JPY are USD and EUR for now. Pretty decent Harmonic patterns found on H4 charts that are in confluence with the Fundamental expects. According to the Analysis, pair is expected to find support at 121.038 and a fall through could take it to the next support level of 120.926. The pair is expected to find its first resistance at 121.371, and a rise through could take it to the next resistance level of 121.592. For Detailed analysis visit XtreamForex YouTube Channel.
  18. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD and USD/JPY Currency Pair AUD USD AUD traded higher against USD and closed at 0.7022. Maintain a bullish data; Staying Long is more favorable as compared to short. Daily chart has a break above close above 10 EMA. Targets may be 0.73, Daily High and Weekly High has also been breached over night. Looking for a break meaningfully above resistance earlier this week at 0.7036 and remain long AUDUSD targeting 0.7300. According to the Analysis, pair is expected to find support at 0.69868 and a fall through could take it to the next support level of 0.69515. The pair is expected to find its first resistance at 0.70409, and a rise through could take it to the next resistance level of 0.70597. USD JPY USD traded higher against JPY and closed at 107.885. 3 - Bearish Days for the Dollar, Expectations are the Rate cut by end of July. Bearish sentiment leads the currency against the basket of CHF and JPY. Selling rallies may be a positive approach in trading the safe-heaven. The basket trades below Quarterly and Yearly Pivots. According to the Analysis, pair is expected to find support at 107.589 and a fall through could take it to the next support level of 107.292. The pair is expected to find its first resistance at 108.394, and a rise through could take it to the next resistance level of 108.902. Major Events of the Day NZD: Consumer Price Index (YoY) (Q2) Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative. CNY: Gross Domestic Product (QoQ) (Q2) The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish). For Detailed analysis visit XtreamForex YouTube Channel.
  19. xtreamforex

    Daily Forex News

    Technical Overview of USD/CAD and USD/JPY Currency Pair USD CAD USD traded lower against CAD and closed at 1.3069. Trades near the yearly-low (1.3037) even though the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy, and recent price action keeps the downside targets on the radar as the exchange rate fails to break out of the monthly opening range. According to the Analysis, pair is expected to find support at 1.30436 and a fall through could take it to the next support level of 1.30179. The pair is expected to find its first resistance at 1.30931, and a rise through could take it to the next resistance level of 1.31169. USD JPY USD traded lower against JPY and closed at 108.487. USD/JPY to find support from yields may face resistance above 109.00. Its approaching resistance level and fundamentally the weakness of USD may drive the pair lower. According to the Analysis, pair is expected to find support at 108.053 and a fall through could take it to the next support level of 107.618. The pair is expected to find its first resistance at 108.726, and a rise through could take it to the next resistance level of 108.964. For Detailed analysis visit XtreamForex YouTube Channel.
  20. xtreamforex

    XtreamForex Company News

    Forex Indicators Forex Indicators also known as Expert Advisors (EAs) are tools used by traders on the trading platform to help them make better trading decisions, by using certain methods and strategies which predict the future movements of prices. Most Forex platforms allow the use of EAs although in some few cases they may not be allowed, so it is always preferable to check. These tools can be found on the platform and traders can choose which are the best to use for each trade. Some traders prefer one tool over the other, some like combining several methods. There are many Forex Indicators and EAs, here are two of the most popular ones; The Profit Taking Tool As the name suggests it advices the trader when is the right time to take the profits and close the trade. While many traders can go into good trades deciding when is the right to pull out is a little more tricky. Pulling out too soon may prevent you from making further profits and pulling out too late may cost you your profits. In this case the three day relative index can also be used to help the trader determine what the likely odds are. Another method is the known Bollinger Bands, which adds and subtracts the standard deviation of price data changes over a period from the average closing price over that same time frame to create trading ‘bands’. Another method is the trailing stop, which gives the potential of the trade to let profits run without staying open too late and losing money. Trend Confirmation Tool The trend confirmation tool is usually used as a backup for the trend following tool. It helps reassure whether the current trend following indicator is correct or not. It gives its own results and if both Trend following and trend confirmation tool results match then the trader can be reassured. Overall Forex Indicators, Expert Advisors and trade assisting tools are many, and they can each be used in many different ways, through many different method, for many different reasons, which is why it is advised to further explore Forex indicators, they can and will make your trades easier and more successful eventually helping you become a better trader.
  21. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD and AUD/USD and GBP/NZD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1208. EUR is expected to trade sideways, likely within a 1.1190/1.1230 range. According to the Analysis, pair is expected to find support at 1.11943 and a fall through could take it to the next support level of 1.11810. The pair is expected to find its first resistance at 1.12198, and a rise through could take it to the next resistance level of 1.12320. AUD USD AUD traded lower against USD and closed at 0.6926. AUD/USD - Edges Lower After Weak Consumer Confidence Bears Seem Confident Ahead Of Fed According to the Analysis, pair is expected to find support at 0.69059 and a fall through could take it to the next support level of 0.68858. The pair is expected to find its first resistance at 0.69604, and a rise through could take it to the next resistance level of 0.69948. GBP NZD GBP traded lower against NZD and closed at 1.8856. Overnight NZD was struck by a massive selling order. It was almost 34 pips in Asian session. UK Manufacturing Production today We can see that the expected 2.1 is way lot better than previous –3.9 if we have a positive tone from GBP then the Technical and fundamental bounce from the lows will be supported. According to the Analysis, pair is expected to find support at 1.88115 and a fall through could take it to the next support level of 1.87673. The pair is expected to find its first resistance at 1.88989, and a rise through could take it to the next resistance level of 1.89421. Major Economic Events of the Day CAD: BOC Tone On Wed Likely A Bit More Optimistic Than Markets Assuming – CIBC “While not a stunner for markets, the tone will tend to be a bit more optimistic than what markets are now assuming.” The Consumer Price Index is released by the National Bureau of Statistics of China. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY. Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Powell's prepared remarks are published ahead of the appearance on Capitol Hill. For Detailed analysis visit XtreamForex YouTube Channel.
  22. xtreamforex

    XtreamForex Company News

    Most Volatile Currency Pairs of 2019 Want to start Forex Trading but don’t know which forex pairs you need to focus for profit? Nobody can give this answer correctly as it depends upon the trader’s knowledge about that currency pair and the volatility of currency pairs. You need to take the time to analyze different pairs against your own strategy, to determine which are the best Forex pairs to trade on your own account. What Volatility Refers to? Volatility is a term used to indicate the change in trading price of pairs in a specific period of time. Greater the scope of price variation, greater volatility is considered to be there. The volatility of a pair is measured by calculating the standard movement away of its returns. The standard difference is a measure of how widely values are dispersed from the average value (the mean). The importance of volatility for traders Being aware of a trading product's volatility is important for every trader, as different levels of volatility are better suited to certain tricks and psychologies. For example, a Forex trader looking to progressively develop his funds without taking on a lot of risk would be advised to choose a currency pair with lower volatility. On the other hand, a risk-seeking trader would look for a currency pair with higher volatility in order to cash in on the superior price differentials that volatile pair offers. What affects the volatility of currency pairs? Currency pairs are affected by following factors or events: · Economic or Market Related Events · Change in Interest Rate of a Country · Drop in Commodity Prices The degree of volatility is generated by different aspects of the paired currencies and their economies. Moreover drivers of volatility include inflation, government debt, and current account deficits; the political and economic stability of the country whose currency is in play will also influence FX volatility. As well, currencies not regulated by a central bank - such as Bitcoin and other cryptocurrencies - will be more volatile since they are inherently speculative. According to the chart we come to the point that GBP/NZD is the most volatile currency pair of 2019.
  23. xtreamforex

    Daily Forex News

    Technical Overview of GBP/USD and EUR/JPY Currency Pair GBP USD GBP traded higher against USD and closed at 1.2527. GBP/USD - Charts Suggest the 2019 Low Is Vulnerable. D1 and H4 200 EMA Heads to south. Broke D1 Ib towards the down side. Broke the Quarter Support and Month Support. Series of Lower Lows and Lower Highs. According to the Analysis, pair is expected to find support at 1.24759 and a fall through could take it to the next support level of 1.24252. The pair is expected to find its first resistance at 1.25822, and a rise through could take it to the next resistance level of 1.26378. EUR JPY EUR traded lower against JPY and closed at 121.779. EUR/JPY: Scope for Retesting 120.82. D1 and H4 200 EMA Heads to south. Broke D1 Ib towards the down side. It's in range but projects towards the down side. According to the Analysis, pair is expected to find support at 121.596 and a fall through could take it to the next support level of 121.414. The pair is expected to find its first resistance at 121.943, and a rise through could take it to the next resistance level of 122.108. Major Economic Events of the Day Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office. For Detailed analysis visit XtreamForex YouTube Channel.
  24. xtreamforex

    XtreamForex Company News

    Forex Tips Forex trading takes more than just learning and skills but it takes confidence and belief. It is very easy to be discouraged by fails and hard times and stress and give up. Of course we do not want to deny that there is a time when for some people the best choice is to quit, but in many cases it is important to try and fight for what you believe in. Having confidence in your Forex trading is a package with having confidence in yourself in general. You need to believe that you can achieve what you think you can. Most successful people – not just traders – in the history of the world believed in their own power of visualization. Meaning they wanted to get somewhere and they did one way or another never really giving up hope. Forex trading most definitely requires never losing hope and pushing to get where you want because it is not an easy or fast process. You need to believe that you are a successful trader and act as such. This is not to encourage fake over confidence – because it can be harmful – but encourage healthy confidence in your abilities and your skills. If you tell yourself that you are not a good trader and you believe it then your whole outlook will be negative and it will make it harder for you to have the confidence to make the right choices. Hesitating during trading and questioning yourself will only lead to loss. Aside from being confident in yourself, you need to be confident in your plan, because your trading plan is your main guide and if you don’t trust it enough to always stick to it then you’re in trouble. Of course there are stages where you will go back to the plan and adjust it and make it better, but that happens when you are reviewing your trades, not while you are executing them. During trading you need to have 100% confidence in your plan and strategy and follow them. Next to your trading plan you should have a risk management plan, and one which you believe is and will continue to work well. Once again it takes some time before you get the right plan, but when you do you have to trust the plan and follow it in order to keep managing your risks and money right. Last but most definitely not least always keep a trading journal; it is your way of crafting and perfecting your plan.
  25. xtreamforex

    XtreamForex Company News

    Wide Range of Forex Trading Products offered by XtreamForex Forex trading is buying and selling of currency pairs with intent to make money or hedge investments. Forex market is most liquid asset class to trade and invest globally. There is wide range of foreign exchange products for trading that investors can pick up without difficulty but before trading in real money, it is advisable to open a demo account and try out different strategies that you could use in an actual foreign exchange environment. XtreamForex is one of the Top Online Forex Broker who offers wide range of Forex Trading Products globally. These Forex Trading Products include: 1) Forex Products 2) Cryptocurrencies 3) Indices 4) Stocks 1) Forex Products Forex Product available for trading is currency pairs. Currency pairs are the most renowned foreign exchange product in the market. Investors trade currency pairs globally. In Forex Products one currency is traded among other. The most renowned currency pairs include GBP to USD, EUR to USD and USD to JPY. With XtreamForex you can Trade More than 60 Major, Minor and Exotic currency pairs from 0.0 pips. 2) Cryptocurrencies Cryptocurrency is a digital currency built with cryptographic protocols that make transactions safe and sound and difficult to fake. In simple words Cryptocurrency is a medium of exchange value that exists in the digital world. With XtreamForex Trade the world's most traded digital currencies: Bitcoin, Litecoin, Ethereum and many more under one Forex Trading Platform. 3) Indices Indices traders speculate on price movements in stock Indices like the FTSE 100, the Dow Jones and DAX. Indices price movements and unpredictability are affected by factors like political events, major factors which affect companies in a particular sector, economic data like employment figures and big changes in the currencies markets. Trade Indices with excellent trading conditions and competitive spreads. 4) Stocks Create and manage your own portfolio of companies. Trade 60+ Stocks of some of the largest and most famous companies of US, UK and EU. XtreamForex gives you competitive spreads and exceptional execution on some of the world's most popular shares.
  26. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD Currency Pair AUD USD AUD traded higher against USD and closed at 0.6963. The Reserve Bank of Australia (RBA), as was widely expected, decided to cut interest rates for the second month in a row to a historic low level of 1.0% at its July monetary policy meeting held this Tuesday. The decision was on expected lines and hence, did little to prompt any fresh selling around the Australian Dollar, with the AUD/USD pair holding steady above mid-0.6900s. According to the Analysis, pair is expected to find support at 0.69344 and a fall through could take it to the next support level of 0.69057. The pair is expected to find its first resistance at 0.70132, and a rise through could take it to the next resistance level of 0.70633. Major Economic Events of the Day Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013. Philip Lowe replaced Glenn Stevens as governor of Australia’s central bank. Lowe was the Deputy Governor of the Reserve Bank of Australia, a position he held since February 2012. For Detailed analysis visit XtreamForex YouTube Channel.
  27. xtreamforex

    Daily Forex News

    Technical Overview of USD/CNH, USD/CHF and USD/CAD Currency Pair USD CNH USD traded higher against CNH and closed at 6.8679. G20 Summit is over now, it’s expected that the weakness of the USD may continue. On the other hand we may see strength in the safe heaven and CNH. President Donald Trump wants a weaker dollar to help boost exports, and is counting on the Federal Reserve to help make that happen. But the central bank’s chairman, Jerome Powell, has made clear it’s not his job. According to the Analysis, pair is expected to find support at 6.85980 and a fall through could take it to the next support level of 6.85170. The pair is expected to find its first resistance at 6.87757, and a rise through could take it to the next resistance level of 6.88724. USD CHF USD traded higher against CHF and closed at 0.9764. According to the Analysis, pair is expected to find support at 0.97432, and a fall through could take it to the next support level of 0.97225. The pair is expected to find its first resistance at 0.97793, and a rise through could take it to the next resistance level of 0.97947. USD CAD USD traded higher against CAD and closed at 1.3099. According to the Analysis, pair is expected to find support at 1.30715, and a fall through could take it to the next support level of 1.30440. The pair is expected to find its first resistance at 1.31142, and a rise through could take it to the next resistance level of 1.31294. Major Economic Events of the Day The Caixin China Manufacturing PMI, released by Market, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies. The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish). For Detailed analysis visit XtreamForex YouTube Channel.
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