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xtreamforex

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  1. xtreamforex

    Daily Forex News

    Technical Overview of GBP/USD, NZD/USD and USD/CHF Currency Pair GBP USD GBP traded lower against USD and closed at 1.2130. GBP/USD seesaws inside a choppy range between 10 and 21-DMA. MACD flashes bullish signal. The Jackson Hole Economic Policy Symposium is an annual symposium sponsored by the Federal Reserve Bank of Kansas City since 1978, and held in Jackson Hole, Wyoming, since 1981. It is a forum for central bankers, policy experts and academics to come together to focus on a topic. According to the Analysis, pair is expected to find support at 1.2108 and a fall through could take it to the next support level of 1.2086. The pair is expected to find its first resistance at 1.2156 and a rise through could take it to the next resistance level of 1.2181. NZD USD NZD traded lower against USD and closed at 0.6404. Retail Sales m/m reflect a change in New Zealand's retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes. Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018. According to the Analysis, pair is expected to find support at 0.6393 and a fall through could take it to the next support level of 0.6381. The pair is expected to find its first resistance at 0.6418, and a rise through could take it to the next resistance level of 0.6431. USD CHF USD traded higher against CHF and closed at 0.9819. The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish. According to the Analysis, pair is expected to find support at 0.9790 and a fall through could take it to the next support level of 0.9868. The pair is expected to find its first resistance at 0.9848, and a rise through could take it to the next resistance level of 0.9868.
  2. xtreamforex

    XtreamForex Company News

    XtreamForex Philippines Demo Trading Contest Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Here we offer forex trading contest for demo accounts once in a year. You can join this contest for free. Forex Demo Trading competitions are the best way for beginners to gain experience in Forex trading and to try out and improve your trading strategies in a competitive environment! Joining Link: https://xtreamforex.com/PhilippinesDemoContest.html Contest’s Time: · Registration Period: 19th August 2019 to 6th September 2019. · Trading Period: 9th September 2019 to 11th October 2019 Winner Announcement: 21st October 2019 Offer is Applicable: Only for Traders of Philippines How to Apply: The Client must register for the competition via the competition dedicated page in order to participate. To Win: The client who will generate maximum profit at the end of the contest will win. Winning Prize ·1st Prize $1000 ·2nd Prize $750 ·3rd Prize $500
  3. xtreamforex

    XtreamForex Company News

    XtreamForex Thailand Demo Trading Contest XtreamForex demo contest provide traders a chance to get real money without investing your own funds! Before you start real trading take your first step in this exciting opportunity, make little real cash and test your skills. Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Joining Link: https://xtreamforex.com/thailanddemocontest.html Contest’s Time: · Registration Period: 19th August 2019 to 6th September 2019. · Trading Period: 9th September 2019 to 11th October 2019 Winner Announcement: 21st October 2019 Offer is Applicable: Only for Traders of Thailand, Malaysia and Indonesia How to Apply: The Client must register for the competition via the competition dedicated page in order to participate. To Win: The client who will generate maximum profit at the end of the contest will win. Winning Prize ·1st Prize $1000 ·2nd Prize $750 ·3rd Prize $500
  4. xtreamforex

    Daily Forex News

    Technical Overview of USD/CAD, USD/JPY and EUR/USD Currency Pair USD CAD USD traded lower against CAD and closed at 1.3323. Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD. According to the Analysis, pair is expected to find support at 1.3270 and a fall through could take it to the next support level of 1.3250. The pair is expected to find its first resistance at 1.3304 and a rise through could take it to the next resistance level of 1.3338. USD JPY USD traded lower against JPY and closed at 106.62. FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and 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. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy. According to the Analysis, pair is expected to find support at 106.36 and a fall through could take it to the next support level of 106.25. The pair is expected to find its first resistance at 106.70, and a rise through could take it to the next resistance level of 106.81. EUR USD EUR traded higher against USD and closed at 1.1087. According to the Analysis, pair is expected to find support at 1.1075 and a fall through could take it to the next support level of 1.1066. The pair is expected to find its first resistance at 1.1105, and a rise through could take it to the next resistance level of 1.1114.
  5. 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.
  6. 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,"
  7. 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
  8. 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
  9. 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
  10. 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.
  11. 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
  12. 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.
  13. 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.
  14. 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.
  15. 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.
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