Todaysβ Market Summary
β The
β
β
β
π©For moreπ©
β The
Dollar strengthening has reversedβ
Futures on three main US stock indexes are mixedβ
Brent is edging lower currentlyβ
Gold prices are edging higher currentlyπ©For moreπ©
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Rules-based Day Trading Strategy - Perfect For Beginner TradersAuthor: Andela Novotna
The
Here are a few tipsπ
1οΈβ£Trade currencies that are inversely correlated with the US dollar. Example, if the US dollar is strong, you could trade the euro/dollar (EUR/USD) pair. The EUR/USD is inversely correlated with the US dollar, so if the US dollar is strong, the EUR/USD will likely be weak.
2οΈβ£Trade currencies that are not heavily traded against the US dollar. If you trade currencies that are not heavily traded against the US dollar, you will be less exposed to the volatility of the US dollar.
3οΈβ£Use technical analysis to identify trading opportunities. Technical analysis can help you identify trends and patterns in the forex market.
βοΈIt is important to remember that trading forex is a risky activity. You should always do your research and trade with caution.
US dollar is currently strong, and this can present challenges for forex traders. However, there are still opportunities to profit from a strong dollar. Here are a few tipsπ
1οΈβ£Trade currencies that are inversely correlated with the US dollar. Example, if the US dollar is strong, you could trade the euro/dollar (EUR/USD) pair. The EUR/USD is inversely correlated with the US dollar, so if the US dollar is strong, the EUR/USD will likely be weak.
2οΈβ£Trade currencies that are not heavily traded against the US dollar. If you trade currencies that are not heavily traded against the US dollar, you will be less exposed to the volatility of the US dollar.
3οΈβ£Use technical analysis to identify trading opportunities. Technical analysis can help you identify trends and patterns in the forex market.
βοΈIt is important to remember that trading forex is a risky activity. You should always do your research and trade with caution.
π£οΈDear Clients,
due to the holiday (Mountain Day) in Japan on August 11, 2023, the trading schedule for some instruments will be changed (CET).
For more information, follow the link below π
π© Trading Schedule π©
due to the holiday (Mountain Day) in Japan on August 11, 2023, the trading schedule for some instruments will be changed (CET).
For more information, follow the link below π
π© Trading Schedule π©
GBP/USD TECHNICAL ANALYSISπINDICATOR:
RSI: Neutral
MACD: Sellπ»
MA(200): Sellπ»
Fractals: Sellπ»
Parabolic SAR: Sellπ»
Donchian Channel: Sellπ»
π©Trade Nowπ©
Todaysβ Market Summary
β The
β
β
β
π©For moreπ©
β The
Dollar strengthening is intactβ
US stocks indexes futures are up currentlyβ
Brent is down currentlyβ
Gold prices are extending gainsπ©For moreπ©
AUD/USD TECHNICAL ANALYSISπINDICATOR:
RSI: Neutral
MACD: BuyπΊ
MA(200): Sellπ»
Fractals: Neutral
Parabolic SAR: BuyπΊ
Donchian Channel: Sellπ»
π©Trade Nowπ©
Todaysβ Market Summary
β The
β
β
β
π©For moreπ©
β The
Dollar strengthening has haltedβ
Futures on three main US stock indexes are downβ
Brent is extending losses currentlyβ
Gold prices are edging lower currentlyπ©For moreπ©
ββLook at the right side of the chart above and decide if you would go long on this asset. Choose the appropriate answer from the options below:
β Yes, I would open a long position.
β No, I would not open a long position.
β No thanks, I'll wait
β³οΈCheck out the explanation β³οΈ
β Yes, I would open a long position.
β No, I would not open a long position.
β No thanks, I'll wait
β³οΈCheck out the explanation β³οΈ
NZD/USD TECHNICAL ANALYSISπINDICATOR:
RSI: Neutral
MACD: Sellπ»
MA(200): Sellπ»
Fractals: Sellπ»
Parabolic SAR: Sellπ»
Donchian Channel: Sellπ»
π©Trade Nowπ©