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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.

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.

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.

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.

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.

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.

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.

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.

Making a Profitable Business in the Forex Market For many people trading may be something small they do on the side, and do not take really seriously but for some trading can become their main source of income, or at least a big part of it and that is when Forex trading can become a Forex Business. Like any other business you need to calculate and manage your costs. In Forex the costs are the losses you are likely to suffer through your trades, the commission you will pay to the broker through the spread – or separately – your basic equipment which is a computer and internet access. Losing trades may seem like a cost you can avoid but they are not, no matter how good of a trader you are and how much money you are making, you are always going to have some losing trades, and it will be your biggest cost as a trader. So your plan should be to make sure your revenue can offset your cost enough for you to make a profit. You need to always make sure that over all you have successful trades making enough profits to cover the losing ones, over all costs and leave a profit, otherwise it is completely useless to trade, and you will be spending more than you are making. You can do that by making goals for your trading journey and always aim at reaching them. You goals should be to reach a very high percentage of winnings opposed to the percentage of losing or the winning trades need to be larger than your losing trades to balance it off. This is what is referred to as the risk reward ration. For example your risk reward ration can be set at 1:2 for every trade, meaning 35 to 40 percent of the times your trade have to right. Most successful traders win between 40-60% of the time however their wins are substantially bigger than their losses and therefore make up for the imbalance. So in essence you can be wrong more than you are right and still make a big profit. It takes a lot more skills and tactics to have a Forex business of course, and you cannot find out about all of them through one article but over time you can learn to manage your trading well enough to make a good business out of it.

Technical Overview of EUR/CHF, EUR/JPY and AUD/JPY Currency Pair EUR CHF EUR traded higher against CHF and closed at 1.1116. Long-term trend: Neutral. The weekly close below support around 1.1130 suggests further selling pressure. Short-term trend: Down. The consolidation below the lower end trading of the trading range around 1.1150 is bearish. According to the Analysis, pair is expected to find support at 1.10864 and a fall through could take it to the next support level of 1.10571. The pair is expected to find its first resistance at 1.11345, and a rise through could take it to the next resistance level of 1.11533. EUR JPY EUR traded higher against JPY and closed at 122.527. Long-term trend: Down. A test of the solid horizontal support around 111.95 should be expected. Short-term trend: Neutral. Higher prices are still possible, although the upside potential remains limited. According to the Analysis, pair is expected to find support at 121.983, and a fall through could take it to the next support level of 121.440. The pair is expected to find its first resistance at 122.848, and a rise through could take it to the next resistance level of 123.170. AUD JPY AUD traded higher against JPY and closed at 75.271. Long-term trend: Down. Long-term solid horizontal support comes in around 72.15. Short-term trend: Neutral: Bottoming scenario confirmed by breaking upper end falling trend channel around 74.70. According to the Analysis, pair is expected to find support at 74.745, and a fall through could take it to the next support level of 74.220. The pair is expected to find its first resistance at 75.572, and a rise through could take it to the next resistance level of 75.874. For Detailed analysis visit XtreamForex YouTube Channel.

Technical Overview of EUR/USD and GBP/USD Currency Pair EUR USD EUR traded lower against USD and closed at 1.1365. EUR/USD position as the second-best G-10 FX trade in months leading up to the first Fed cut, only outpaced by a long EUR/NZD position. ECB easing is also a done deal now, as Draghi hinted of easing unless the outlook improves (more QE and a rate cut). The outlook will not improve (before 2020), but the ECB usually delivers when projections are updated – i.e. in September (they will ease with a time-lag after the Fed. Break of ADR Highs to further extensions or Break of Support to form a Double top. According to the Analysis, pair is expected to find support at 1.13353 and a fall through could take it to the next support level of 1.13059. The pair is expected to find its first resistance at 1.14030, and a rise through could take it to the next resistance level of 1.14413. GBP USD GBP traded lower against USD and closed at 1.2675. Pair @ support from previous 3 week Pivot. Pair @ support from Pivot support candle. Preparing for Pre G-20 Meeting. Resistance @ Pivot resistance candle. Resistance @ Monthly Pivot. According to the Analysis, pair is expected to find support at 1.26366, and a fall through could take it to the next support level of 1.25980. The pair is expected to find its first resistance at 1.27488, and a rise through could take it to the next resistance level of 1.28224. Key Fundamentals of the Day The dollar fell against most major currencies on Tuesday, hitting a three-month low against the euro. As expectations of multiple decreases of U.S. interest rates by the Federal Reserve have spurred selling of the U.S. currency. Growing tensions between Iran and the United States stoked fresh safe-haven buying of the yen. President Donald Trump believes the U.S. dollar is too strong, and the euro is. For Detailed analysis visit XtreamForex YouTube Channel.

Technical Overview of USD/JPY, EUR/USD and AUD/USD Currency Pair USD JPY USD traded lower against JPY and closed at 107.29. The Citigroup analysts make a case for buying the dips in the USD/JPY pair below 107.50 support area, as they believe the downside doesn’t look more compelling. USD: Weakness Likely To Extend As Key Technical Support Levels Are Broken. The dollar index finally broke below its 200-day moving average on Friday at 96.600 which opens the door to further weakness in the near-term. Flags a scope for further weakness in the future. According to the Analysis, pair is expected to find support at 107.179 and a fall through could take it to the next support level of 107.068. The pair is expected to find its first resistance at 107.468, and a rise through could take it to the next resistance level of 107.646. EUR USD EUR traded higher against USD and closed at 1.1397. Longs Super-Trade In The Month Heading To Fed's Cut. EUR/USD position as the second-best G-10 FX trade in months leading up to the first Fed cut, only outpaced by a long EUR/NZD position. ECB easing is also a done deal now, as Draghi hinted of easing unless the outlook improves (more QE and a rate cut). The outlook will not improve (before 2020), but the ECB usually delivers when projections are updated – i.e. in September (they will ease with a time-lag after the Fed. According to the Analysis, pair is expected to find support at 1.13742, and a fall through could take it to the next support level of 1.13511. The pair is expected to find its first resistance at 1.14120, and a rise through could take it to the next resistance level of 1.14267. AUD USD AUD traded lower against USD and closed at 0.6958. RBA Maintains Call For Infrastructure Investment. Rate cuts at low yield levels may not be enough to boost economy. Quantitative Easing may be done. According to the Analysis, pair is expected to find support at 0.69354, and a fall through could take it to the next support level of 0.69122. The pair is expected to find its first resistance at 0.69750, and a rise through could take it to the next resistance level of 0.69914. Key Fundamentals of the Day Gold- Fed is seen cutting rates by a 50bp in July Analysts at Morgan Stanley raises their gold price forecast for the second half of this year and the year after, in the face of the dovish Fed rate expectations, broad dollar weakness, global economic slowdown and falling US rates. Real yields close to zero would reduce demand for yielding USD assets, could increase the demand for gold. The negative territory could generate considerable further upside for gold's price. Gold price forecast to average USD 1,435 in H2 of this year and USD 1,338 in 2020. For Detailed analysis visit XtreamForex YouTube Channel.

Technical Overview of GBP/USD and AUD/USD Currency Pair GBP USD GBP traded lower against USD and closed at 1.2697. Sterling slips after BoE holds rates but cuts growth forecast The BoE message was far less dovish than the U.S. Federal Reserve and European Central Bank, which this week opened the door to rate cuts. Sterling has rallied in recent days, pulling away from five-month lows, as investors dumped the dollar following the Fed’s dovish signaling. According to the Analysis, pair is expected to find support at 1.26437 and a fall through could take it to the next support level of 1.25904. The pair is expected to find its first resistance at 1.27385, and a rise through could take it to the next resistance level of 1.27800. AUD USD AUD traded higher against USD and closed at 0.6919. Black Rock Inc. is shorting the Australian dollar. The currency has been out of favor this year as the RBA turned dovish and cut rates for the first time in three years. The central bank trimmed its cash rate by 25 basis points to 1.25% on June 4, with Governor Philip saying the decision would help reduce unemployment and boost inflation. According to the Analysis, pair is expected to find support at 0.68858, and a fall through could take it to the next support level of 0.68523. The pair is expected to find its first resistance at 0.69441, and a rise through could take it to the next resistance level of 0.69689. Key Fundamentals of the Day FED has a next move, Opportunity to Sell Fed easing will eventually pull USD lower. It’s believed that any additional USD firmness over the next 1-2 weeks will set up for a sell opportunity. Suicide Rates among Young Americans Accelerates To Highest Level Since 2000. For Detailed analysis visit XtreamForex YouTube Channel.

Technical Overview of EUR/USD, USD/JPY and EUR/JPY Currency Pair EUR USD EUR traded higher against USD and closed at 1.1193. Long-term trend: Down EUR USD still moving within 8 years of falling trend channel. Short-term trend: Neutral Breaking below solid support around 1.1220. According to the Analysis, pair is expected to find support at 1.11686, and a fall through could take it to the next support level of 1.11442. The pair is expected to find its first resistance at 1.12301, and a rise through could take it to the next resistance level of 1.12672. USD JPY USD traded lower against JPY and closed at 108.442. Long-term trend: Down On the verge of completing a large triangle on the downside. Short-term trend: Down Developing a bear flag formation, indicating a continuation of the downtrend. According to the Analysis, pair is expected to find support at 108.108, and a fall through could take it to the next support level of 107.774. 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 109.010. EUR JPY EUR traded lower against JPY and closed at 121.376. Long-term trend: Down A test of the solid horizontal support around 111.95 should be expected. Short-term trend: Down The picture is weakening, waiting for a break below the crucial support around 120.90. According to the Analysis, pair is expected to find support at 121.003, and a fall through could take it to the next support level of 120.629. The pair is expected to find its first resistance at 121.808, and a rise through could take it to the next resistance level of 122.239. Key Fundamentals of the Day G10: Markets Consolidate Ahead Of FOMC; AUD/NZD: Downside FX market is likely to consolidate ahead of the Fed While flagging a scope for further downside in AUD/NZD In anticipation of another RBA cut. At the central bank coming policy meeting. Trump comments on Trade War The US President Donald Trump announced on Tuesday that the US and Chinese trade talk teams will restart talks ahead of the G20 summit. This could result in a down fall in the USD/CNH Pair Facebook goes into cryptocurrencies On Tuesday, it was announced by Facebook that the company plans to launch its Cryptocurrency, which is named Libra. Moreover, the social network will offer crypto wallets named Calibra. For Detailed analysis visit XtreamForex YouTube Channel.

Main Differences between Forex and Options Margin In Forex trading Margin is one of the biggest elements of trading. The maximum margin is determined by each broker and can but up to 1:500, it is designed to allow traders to increase their investment capital so they can make a larger trade, in Binary Options there is no use of margin at all. Pay Outs With Forex there can’t be any specified numbers on profits or losses. Traders can apply a Stop Loss order, to makes sure no big losses are made, but depending on how the market moves as the position is open losses and profits can be wide or narrow. A trader could lose all the money in his account in one trade. With Binary options the investment is pre-determined and a trader already knows how much he will make if the trade goes well and how much he will lose if it doesn’t. Closing a Position With Forex trading you can choose exactly when to close a position as the markets change. When a position opens there are no limits about when it should close that is entirely up to the trader and the decision can be made during the trade. With Binary Options the time frame is pre-determined, and the trade has to play out till the expiry date. Some brokers offer the option of “early closure” meaning you can exit your position at some point during the trade if you feel you are losing, but at a percentage cost. Order Types In Forex trading there are many order types including buy/sell, limit, stop, One Cancels the Other, Trailing Stop, Hedge Orders, and many others. In Binary Options there are five types of orders, high/low, 60 second options, Touch/No Touch, Boundary Options and Options builder. Trade Size Some Forex brokers allow trading micro lots, which are 1,000 units of the base currency, the maximum trading amount is determined by each broker and can be as high as 10,000,000 dollars. In Binary Options, the minimum and maximum is determined by each broker. The trading amount can be as low as 5 dollars per trade, and the maximum can be 1,000 dollars, or 5,000 dollars or more.

Technical Overview of AUD/USD, CHF/JPY, AUD/CAD and EUR/JPY Currency Pair AUD USD AUD traded higher against USD and closed at 0.6869. 1 - 1 month long consolidation 0.6850-0.7000 threatens to be below because of the rate cut news. 2 - RBA will be cutting rates to 0.75% till November. 3 - On a daily chart we see a perfect resistance trend line indicating a downwards movement 4 - On daily chart the 1Month long support level can be seen 5 - The pair is below Yearly, Quarterly, Weekly and monthly pivots 6 - We can expect a bearish sentiment in the AUD till November as we know there may be massive rate cuts (4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85. According to the Analysis, The AUD/USD is expected to find support at 0.68478, and a fall through could take it to the next support level of 0.68260. The pair is expected to find its first resistance at 0.69046, and a rise through could take it to the next resistance level of 0.69396. CHF JPY CHF traded lower against JPY and closed at 108.654. As we already see that market is in a risk aversion state. There is more room for USDJPY to do down. China and Russia are shaking hands against USD, This may strengthen the CHY and devaluate the USD. Keep in mind that now a day’s its only fundamentals that are playing in the market. In my opinion The strong currencies are JPY CHF CNY and Weak are USD GBP AUD. According to the Analysis, The CHF/JPY is expected to find support at 108.384, and a fall through could take it to the next support level of 108.113. The pair is expected to find its first resistance at 109.020, and a rise through could take it to the next resistance level of 109.385. AUD CAD AUD traded higher against CAD and closed at 0.9212. Fundamentally we know that AUD is weaker due to 2 rate cuts expected in 2019 and low to 0.75% basis points. Hence we can compare it with the strength of CAD. Here we see that the pair has found a support at the low from 01.03.2019. As this is a very major support and has been the low of last year, we may expect a short term bounce but the Fundamental bias is towards South. According to the Analysis, The CHF/JPY is expected to find support at 0.91924, and a fall through could take it to the next support level of 0.91728. The pair is expected to find its first resistance at 0.92257, and a rise through could take it to the next resistance level of 0.92394. EUR JPY EUR traded higher against JPY and closed at 121.677. Risk Aversion is an open secret now. We all know that the investors are after the strength of CHF and JPY. Here in the EURJPY we see 5 bullish candles moving ahead to the 5-day ADR Monthly Pivot Weekly Pivot So, we can expect a breakout from the ADR high or A low volume test candle signaling a bearish continuation. According to the Analysis, The EUR/JPY is expected to find support at 121.422, and a fall through could take it to the next support level of 121.168. The pair is expected to find its first resistance at 122.095, and a rise through could take it to the next resistance level of 122.514. Fundamentals of the Day BCC announced that it may see a slowed growth in the British Chamber of Commerce. As this announcement may have a negative impact on the GBP, Its advised to stay short on GBP. The People’s Bank of China (PBOC), China's central bank, announced on Monday that the second phase of a cut in the reserve requirement ratio. This process is adapted by economies who want to stabilize their economy. Keep in mind that there is G-20 Meeting ahead, that’s why China is Stabilizing itself to face any sort of bad effect of the meeting. For Detailed analysis visit XtreamForex YouTube Channel.

How to Limit your Risk while Trading? No matter what method of trading, traders use, and what strategies they follow they should constantly be paying close attention to the money they are spending and the risk they have for losing that money. This can happen though one main thing which many traders choose to ignore; Cutting losses. It’s easy to get excited with an open position and keep it open because it is gaining profits or because it could possibly gain profits, so excited that when thing take a turn for the worst you are still convinced you have a chance for profit. But cutting losing trades before they drain all your position is the biggest struggle traders have, especially at the beginning of entering the world of Forex. Leaving a losing trade is a win on its own because you save more losses, but it’s much easier said than done. And for many actually leaving a trade is emotionally hard as they truly they believe they have a shot at winning. It is always said that 90 percent of all traders fail at Forex Trading; the number is so high because traders don’t how to keep their losses to a minimum, which is one of the most important things to learn in Forex trading. Developing a Forex strategy should revolve around minimizing losses and keeping losses small usually refers to the overall number of money lost rather than how many trades lost. Because if you lose 100 dollars in 10 positions in a row, it is just the same as loosing 100 dollars on 20 positions. What matters is the money you are losing or making, and you need to learn to utilize your initial funds and trades in a manner that saves you the most money. Learning how to manage risk and money is something you learn with time and experience, as you make some mistakes and fix them, and realize where your money is being mainly lost. But you should always start off with an initial plan that will help you manage your money right and use it in the right way to save the most possible for yourself.

Technical Overview of USD/CNH Currency Pair USD CNH USD traded higher against CNH and closed at 6.9286 G-20 Meeting Ahead on 28th June for US China Issues! 4 Possible outcomes at the coming G20 meeting: (1) President Xi does not show at the G20 and the US imposes more tariffs - USDCNH likely breaks 7.00 fairly quickly. (2) Xi and Trump meet but talks do not go well and US threatens further tariffs - USDCNH likely breaks 7.00 but more gradually. (3) Status quo scenario: Xi and Trump meet, agree to disagree, tariffs go up as planned but USDCNH likely tests 7.00 later in July. (4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85. According to the Analysis, The USD/CNH is expected to find support at 6.92356, and a fall through could take it to the next support level of 6.91848. The pair is expected to find its first resistance at 6.93474, and a rise through could take it to the next resistance level of 6.94084. For Detailed analysis visit XtreamForex YouTube Channel.

Technical Overview of USD Dollar Index USD Dollar Index Here we see a very interesting scenario that 1 - USD Index is in a range, the range continues buy Pound Swissie and Euro. All the above mentioned pairs share the same formations. 2 - A Motherbar/Insidebar found @ D1 time frame. 3 - Stalls @ the Year Resistance 1. 4 - Already achieved the 200% Extensions. 5 - Stalls @ Pivot Quarter 1 as a Support 6 - The Motherbar/Insidebar @ the Pivot support and resistances 7 - The most important reason for this range is the mixed data from USD. Like rate cuts and positive economic data. 8 - The CPI data is expected today. Keep in mind that it’s correlated with PPI data. Detailed Historical data Analysis shows that the Moving average of Period 2 has a downwards slope in CPI and PPI. According to the Analysis, The Dollar Index is expected to find support at 96.433, and a fall through could take it to the next support level of 96.333. The pair is expected to find its first resistance at 96.683, and a rise through could take it to the next resistance level of 96.833. For Detailed analysis visit XtreamForex YouTube Channel.

Technical Overview of USD/CHF and EUR/USD Currency Pair USD CHF The USD traded higher against the CHF and closed at 0.9897. 1 - Fundamentally the pair to follow Risk Aversion. 2 - It stalls in between the previous week value area HIGH & LOW. 3 - The VPOC level is in confluence with Quarterly Pivot. 4 - The Pair formed a Motherbar Insidebar @ Previous Week Mother Bar Inside Bar Value Area High and Low. 5 - The pair has been in a series of LH and LL. 6 - Fundamentally USD has to be weak because of 2 rate cuts expected this year. 7 - Its advised to trade the Value area High and Low as support/resistance until a market profile P/D/B shape is formed. According to the Analysis, The pair is expected to find support at 0.98808, and a fall through could take it to the next support level of 0.98647. The pair is expected to find its first resistance at 0.99164, and a rise through could take it to the next resistance level of 0.99359. USD CHF Previous Day range was 35.6 and Current Day Range is 13.5. EUR USD The EUR traded higher against the USD and closed at 1.1311. 1 - Fundamentally the pair to follow Risk Aversion. 2 - The Pair formed a Motherbar Insidebar @ Previous Week Mother bar Inside Bar. 3 - It’s in tight range of previous week Value area High and Quarter Pivot. 4 - The pair has been in a series of HH and HL. 5 - As we can see that the pair has shifted its direction to Higher Highs in the weekly Pivots. 6 - Fundamentally USD has to be weak because of 2 rate cuts expected this year. According to the Analysis, The pair is expected to find support at 1.12906, and a fall through could take it to the next support level of 1.12699. The pair is expected to find its first resistance at 1.13314, and a rise through could take it to the next resistance level of 1.13515. EUR USD Previous Day range was 40.8 and Current Day Range is 15. Morning Briefing 1 - The dollar gained on Monday after the United States and Mexico reached a deal to avoid tariffs. 2 - Euro faltered after sources said European Central Bank policymakers were open to cutting interest rates should economic growth slow. 3 - RBA to cut rates in August meeting. 4 - BoC on hold for now with the next move in rates likely up. 5 - More EUR/USD Short Covering Likely Within 1.1280 - 1.1380 Ranges.

Where Does News Trading go wrong? When news releases are put out, traders base their trading on those releases. It can lead to strength or weakness in a currency depending on the news and what it corresponds to. However the expectation of currency changes that a news release gives does not always play out as expected, and for traders who choose to trade on news this can be problematic. There are two main factors that may confuse news traders. US indicators can produce the opposite result of the dollar, due to the risk on risk off mentality, so a weaker than expected US indicator can lead to a strong US dollar. That is because the US dollar affects the whole world, and it’s better to be safe by using the US dollar. When indicators surpass expectations, the whole world’s currencies are expected to improve so no safety is needed and the dollar is sold. This behaviour has taken place for long periods of time in the aftermath of the financial crisis. In that case, never ending expectations caused the currency to return to normal behaviour followed by weak data. Creating more dollars to buy bonds weakens the US dollar, and positive figures lower chances of raising the US dollar. The second expectation that traders have on big events such as rate decisions, where high expectations don’t come true and leads to disappointment. Or high expectations do come true but they were priced in or over priced in that any result leads to sell off. This scenario is called “Buy the rumour, sell the fact” it can even happen when the event is not a rumour but a well know scheduled and debated event. For example, a future rate cut in Australia may result in a rally for the Australian dollar if this even would be priced in. This can happen despite the usual behaviour of a rate cut hurting the perspective currency and despite reality meeting expectations.

Technical Overview of AUD/CAD and EUR/GBP Currency Pair AUD CAD The AUD traded higher against the CAD and closed at 0.9291. As mentioned earlier that AUDCAD has been in a Double Top Formation. Now we see that we have 1- Broke the neckline. 2 - Broke the previous Value Area Low and VPOC levels. 3 - Broke the Trendline. 4 - Broke below the Main trend. 5 - Its below the weekly monthly yearly and quarterly pivots. 6 - Formed a Morobozu candle on D1. 7 - Fundamentally AUD is weak due to rate cuts and CAD is strong due to 25k jobs added in CANADA. 8 - Broke the - 3 week VPOC resistance. 9 - Selling at the rally may be a good opportunity. According to the Analysis, The pair is expected to find support at 0.92765, and a fall through could take it to the next support level of 0.92620. The pair is expected to find its first resistance at 0.93154, and a rise through could take it to the next resistance level of 0.93398. AUD CAD Previous Day range was 38.9 and Current Day Range is 37.6. EUR GBP The EUR traded lower against the GBP and closed at 0.8895. 1 - A bearish bias on GBP and AUD. 2 - A double top formed on the yearly pivot. 3 - The neckline is also the previous resistance. 4 - A break below the MSup1 will lead the pair to the latest resistance, triggering a buy limit situation. 5 - The pair forms a Pivot Support trend line and is supported by fundamentals. 6 - This is the first day after NFP so we will come to know the market wise by end of UK session. According to the Analysis, The pair is expected to find support at 0.88625, and a fall through could take it to the next support level of 0.88298. The pair is expected to find its first resistance at 0.89143, and a rise through could take it to the next resistance level of 0.89334. EUR GBP Previous Day range was 51.8 and Current Day Range is 24.9.

Technical Overview of EUR/GBP Currency Pair EUR GBP The EUR traded higher against the GBP and closed at 0.8841. Overall the market may be in a range because of NFP scheduled for Friday. The pair stalls at the weekly Pivot. It has a major resistance at 0.9000 Level (Distribution level). We can expect a selling pressure if the pair breaks the VPOC of current month (in confluence with the - 3 week Value area high). We may target the ADR 5 day low as Take Profit zone. No more big movements expected because of the NFP news scheduled for Friday According to the Analysis, The pair is expected to find support at 0.88292, and a fall through could take it to the next support level of 0.88169. The pair is expected to find its first resistance at 0.88657, and a rise through could take it to the next resistance level of 0.88899. EUR GBP Previous Day range was 36.5 and Current Day Range is 12.6. Morning Briefing ADP National Employment Report states that U.S. private employers added 27K jobs in May, This reading is well below the forecast, This gain is the most Smallest gain in the Past 9 years Federal Reserve Chairman stated that FED considers to cut rates and soon. Key Points in the above statements are: 1-ADP report says that the added jobs are less than expected and is the lowest increase in 9 years(This can be a negative news for USD). 2- FED considers to cut rates soon is a clear signal for weakness in the $$$. So fundamentally staying Short on the $ may be more attractive than Long. ECB will confirm economic risks remains to the downside and anticipate that ECB President Draghi will present a dovish tone to the monetary policy outlook; it means that we may have a Weaker EUR and its most strong competitor is JPY, so technically staying short on EUR pairs specially selling rallies EURJPY may be more handy. YEN after strongly appreciating, there is a reduced risks of a reversal. Even if risk appetite gains interest and equity markets continue to north (STAY LONG ON JPY).

Technical Overview of NZD/CAD Currency Pair NZD CAD The NZD traded higher against the CAD and closed at 0.8849. Very Interesting pair for now. Main trend aka 60/80 Ema is towards south. The pair made a Pivot low candle support trend line. It formed a Mb/Ib. It’s above weekly Pivot and has formed a CUP Pattern. A break above/below 127 extension may form a breakout. Remember yesterday it was announced to stay long on NZDCAD. Keep in mind that NZD is the most Interest paying nation for now. The rate of change in Currency strength meter shows that NZD is the most strongest for now. According to the Analysis, The pair is expected to find support at 0.88361, and a fall through could take it to the next support level of 0.88235. The pair is expected to find its first resistance at 0.88672, and a rise through could take it to the next resistance level of 0.88857. NZD CAD Previous Day range was 31.1 and Current Day Range is 37.8. Morning Briefing USD: The U.S. dollar was modestly lower on Tuesday after Federal Reserve Chair Jerome Powell alluded to the possibility of an interest rate cut in the face of economic risks, including the global trade war. EURGBP: Weakening of domestic data in UK combined with euro spread compression, the EUR/GBP could move towards 0.90. Believe tactical EUR/SEK short positions remain attract.. Also maintain our CAD/NOK short and EUR/GBP long exposure. Short USD/JPY than long EUR/USD. Short EUR/JPY still works. There’s a bit more AUD short-covering to come. AUD/USD Traders A Green Light To Sell. News of the Day! AUD GDP to be announced today. As we can see in the history we have a decline situation. Due to Weaker retail sales, weaker employment and ewages data, so it’s expected to have a weaker GDP for now. To have a better GDP, The AUD must have readings above 0.40%

Technical Overview of USD/JPY and NZD/CAD Currency Pair USD JPY The USD traded higher against the JPY and closed at 108.055. The pair formed an AB= CD pattern. It’s below Yearly, Quarterly and Monthly pivot. NO Price Action Signal. It broke the Pivot support trend line. But Fundamentally as we know that Safe Heaven is in demand and USD has announced a rate cut so we can assume to sell on the rallies. As we can see the VPOC level 108.22 is a good Value area to go short. This may be a purely fundamental trade if shorts take over the market. According to the Analysis, The pair is expected to find support at 107.809, and a fall through could take it to the next support level of 107.564. The pair is expected to find its first resistance at 108.372, and a rise through could take it to the next resistance level of 108.690. USD JPY Previous Day range was 5630 and Current Day Range is 3320. NZD CAD The NZD traded lower against the CAD and closed at 0.8864. The main trend heads towards North. Pivot support trendline formed. Price successfully trading above the current and previous weekly pivot level. Price breached towards north the - 3 week Pivots. A Buy on the dips will be preferable. For now NZD is the strongest and USD and CAD are Weakest. According to the Analysis, The pair is expected to find support at 0.88309, and a fall through could take it to the next support level of 0.87977. The pair is expected to find its first resistance at 0.88876, and a rise through could take it to the next resistance level of 0.89111. NZD CAD Previous Day range was 56.7 and Current Day Range is 30.6. Morning Briefing The U.S. dollar fell on Monday after St. Louis Federal Reserve President James Bullard said an interest rate cut "may be warranted soon," given the rising economic risk posed by global trade tensions as well as weak U.S. inflation. Hedge funds stepped up their negative bets on sterling. While sterling edged further off five-month lows on Monday, rising 0.15% to $1.2645, short positions are slowly building up in the background, reflecting growing uncertainty among investors on the outlook for the British economy. Short positions are at their highest level since March 17. The RBA is expected to cut the cash rate on Tuesday to a new record low of 1.25%. We expect a follow-up cut in August, with the risk of additional stimulus by early 2020. ING discusses EUR/USD: We are still expecting a downside breakout below the crucial horizontal support around 1.1115 in the coming weeks. This will trigger a serious Sell signal EUR/USD Bulls May Retreat If ECB Tilts Dovish On Thursday. Squawk: Prefer to sell USD/JPY on rallies, while maintains a long NZD/CAD as its trade of this week targeting a move towards 0.8950. Overview of Gold From a theoretical point of view, it is expected, that a reversal south could occur in the nearest future. In this case, the rate has to surpass the 1,309.31 level. If the given support level holds, it is likely, that gold could trade sideways between it and the upper channel line. It is unlikely, that the price for gold could jump higher than 1,333.68 due to the resistance of the Q1 R1. Gold is above the yearly and Quarterly Pivots. Better to wait for the Metal to form a Double Top and Fill the space it made. Technically if we look at the Futures Data then we see that the data is making a formation of Double Top. If we break the neck line then we may have a down movement. On the other hand we can see downwards slope in the USD Futures a crossover may strengthen USD. For Detailed Technical Analysis Visit XtreamForex YouTube Channel