Morning Trader 😉

Correlation Analysis for USDCAD, USDCHF, CADCHF (For Educational Purposes)

⚠️ USDCAD and USDCHF both correlate together in the CADCHF currency pair (USDCAD + USDCHF = CADCHF).

⚠️ USDCAD stands at the lower low of the downtrend line.

⚠️ USDCHF stands at the Support level.

⚠️ CADCHF stands at the height below the downtrend line.

Morning Trader 😉

The Truth About Being A Trader
phase 1 = all traders dream of wanting to get rich quick
phase 2 = 80% stop being traders within months to 2 Years
phase 3 = Only 7% remaining from 100% in the next 5 years.

Morning Trader, Happy Weekend 😉

Its Monday Lets Make Some Money 😉 Market is open Guys 😊

⚠️ It is highly recommended to follow these risk management strategies:

▶️ $100-$200=0.01 lot size (Max 3 trades)

▶️ $300-$400= 0.02 lot size (Max 3 trades)

▶️ $500-$600=0.02-0.03 lot size per trade (Max 3 trades)

▶️ $1000=0.05 lot size per trade (Max 5 trades)

▶️ $2000=0.10 lot size per trade (Max 5 trades)

▶️ $3000=0.15 lot size per trade (Max 5 trades)

▶️ $4000=0.20 lot size per trade (Max 5 trades)

▶️ $5000=0.25 lot size per trade (Max 5 trades)

⚠️ All eyes on tomorrow NZD ⚠️

⏰ The RBNZ will make a monetary policy statement on August 12 at 5:00 MT time / 09:00 WIB (GMT+7 Asia/Jakarta)

🔎 Instruments to trade: NZD / USD, NZD / CHF, NZD / JPY

▶️ This statement is very important to follow because it will determine the future movement of NZD. Let's take a quick look at the background. The Reserve Bank of New Zealand set interest rates at a record low of 0.25% on June 24. Also enacted a large-scale asset purchase program (LSAP) at NZ$60 billion. Officials assured that they would use all the necessary tools to further support the economy in such unstable times. The latest data show that the labor market is recovering: New Zealand's unemployment rate rose less than analysts expected. It turned out to be 4.0%, while the estimate was 5.6%. This may be a signal for the government to loosen its policies. In addition, the authorities may be interested in lowering the NZD because it is now very expensive for other countries to buy goods in New Zealand.

⏬ If the RBNZ eases its policy, NZD will fall (downtrend).
⏫ If the RBNZ leaves monetary policy unchanged, NZD will increase (uptrend).

Morning Trader 😉

BOTT Price Action Guide