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Tuesday, July 31, 2018

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 08:23PM :

" πŸ“ˆ Alert: CAD/CHF jumped [+0.80%] in 14 h. 31 min. New level: 0.760745 "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 04:01PM :

" πŸ“ˆ Hourly Change Alert - USD/JPY +0.36%. "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 03:33PM :

" πŸ“ˆ Hourly Change Alert : USD/JPY +0.36% "

 

|>> New Crypto Analysis by FX for Dummies July 31, 2018 at 03:11PM :

" πŸ“‰ Litecoin and Ethereum are falling 5.3% and 4.5% respectively vs. USD, both setting 2 weeks low. "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 02:54PM :

" πŸ“‰ USD Core Personal Consumption Expenditure - Price Index (YoY) /// Act: 1.9% Cons: 2.0% Prev: 2.0% /// Worse than expected /// The Core Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average amount of money that consumers spend in a month. "Core" excludes seasonally volatile products such as food and energy in order to capture an accurate calculation of the expenditure. It is a significant indicator of inflation. A high reading is bullish for the USD, while a low reading is bearish. "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 11:18AM :

" πŸ“ˆ EUR Consumer Price Index (YoY) /// Act: 2.1% Cons: 2.0% Prev: 2.0% /// Better than expected /// The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish). "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 11:11AM :

" πŸ“‰ EUR Gross Domestic Product s.a. (QoQ) /// Act: 0.3% Cons: 0.4% Prev: 0.4% /// Worse than expected /// 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 ). "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 11:10AM :

" πŸ“‰ EUR Gross Domestic Product s.a. (YoY) /// Act: 2.1% Cons: 2.2% Prev: 2.5% /// Worse than expected /// 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). "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 10:09AM :

" πŸ“‰ EUR ITA Unemployment /// Act: 10.9% Cons: 10.8% Prev: 10.7% /// Worse than expected /// The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Euro. "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 10:08AM :

" πŸ“‰ EUR GER The Unemployment Change /// Act: -6.0K Cons: -10.0K Prev: -15.0K /// Worse than expected /// The Unemployment Change released by the Bundesagentur fΓΌr Arbeit and published by the German Statistics Office is a measure of the absolute change in the number of unemployed people in Germany using seasonally adjusted data.. A rise in this indicator has negative implications for consumer spending, as there’s less people working and therefore diminishes economic growth in the country. "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 10:06AM :

" πŸ“‰ JPY BoJ Interest Rate Decision /// Act: -0.1% Cons: -0.1% Prev: -0.1% /// As expected /// BoJ Interest Rate Decision is announced by the Bank of Japan. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish. "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 08:05AM :

" Top 5 Things to Watch Today: 1) BOJ Monetary Policy Event /// 2) Gross Domestic Product - GDP /// 3) EUR - CPI Flash Estimate y/y /// 4) CB Consumer Confidence - USD /// 5) Labor Market Report - NZD "

 

|>> New Crypto Analysis by FX for Dummies July 31, 2018 at 07:30AM :

" Bitcoin price approached testing the key support 7800.00 but it bounced upwards quickly to settle at the minor bearish channel’s resistance that appears on the chart, which we believe that it forms bullish flag pattern, thus, the price needs to breach 8225.00 to get strong positive motive that supports the chances of continuing the recently suggested bullish trend. Therefore, we will keep our bullish overview conditioned by the price stability above 7800.00, reminding you that our main targets begin at 8643.35 and extend to 9000.00. Expected trading range for today is between 7800.00 support and 8800.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 31, 2018 at 07:29AM :

" The EURUSD pair tested the symmetrical triangle’s resistance at 1.1725 and keeps its stability below it, as the EMA50 forms negative pressure to protect the recently suggested bearish trend scenario, waiting to rebound bearishly to resume the bearish bias that its first target located at 1.1554. We should note that breaching 1.1725 followed by 1.1800 levels will stop the expected bearish trend and push the price back to its main bullish track. Expected trading range for today is between 1.1600 support and 1.17800 resistance. Expected trend for today: Bearish "

 

Monday, July 30, 2018

|>> New Forex Analysis by FX for Dummies July 30, 2018 at 04:26PM :

" πŸ“‰ Hourly Change Alert : USD/CAD -0.35% "

 

|>> New Crypto Analysis by FX for Dummies July 30, 2018 at 07:55AM :

" πŸ“Š Bitcoin price shows sideways trading and moves around the intraday bullish channel’s support line, as the EMA50 provides continuous positive support to the price, while stochastic begins the attempts to get rid of the negative momentum now. Therefore, we believe that the chance valid to continue the expected bullish trend on the intraday and short term basis, which its targets begin at 8643.35 and extend to 9000.00 after breaching the previous level, noting that the continuation of the expected rise depends on holding above 7950.00 and the most important above 7800.00. Expected trading range for today is between 7800.00 support and 8800.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 30, 2018 at 07:54AM :

" πŸ“Š The EURUSD pair fluctuates at the symmetrical triangle’s support line that appears on the chart, and the price needs to break 1.1605 level to get a negative motive that supports the expectations of continuing the bearish trend on the intraday and short term basis. In general, we will continue to suggest the bearish trend in the upcoming period, supported by the EMA50, which conditions holding below 1.1725 and the most important below 1.1800 levels, noting that our main targets begin at 1.1554 and extend to 1.1443. Expected trading range for today is between 1.1550 support and 1.1725 resistance. Expected trend for today: Bearish "

 

Sunday, July 29, 2018

|>> New Forex Analysis by FX for Dummies July 29, 2018 at 09:44AM :

" πŸ“Š Three Things to Watch in the Forex Market in the Next Week: GBP, JPY and USD in Focus /// - Bank of Japan could tweak on Tuesday /// - Bank of England expected to hike on Thursday /// - US Payrolls forecast to continue rising on Friday /// "

 

Friday, July 27, 2018

|>> New Forex Analysis by FX for Dummies July 27, 2018 at 01:42PM :

" πŸ“ˆ Sentiment Alert - EUR/USD Buyers % reached 75%. "

 

|>> New Forex Analysis by FX for Dummies July 27, 2018 at 09:04AM :

" 🌑 Sentiment Alert - GBP/USD Buyers % reached 75%. "

 

|>> New Crypto Analysis by FX for Dummies July 27, 2018 at 07:36AM :

" πŸ“Š Bitcoin price traded with strong negativity on yesterday’s evening to test the bullish channel’s support line that appears on the chart, as the price settles at this support, noticing that the EMA50 provides the positive support to the price, to keep the chances valid to continue the bullish trend in the upcoming period. Therefore, we will keep our bullish overview unless breaking 7875.00 followed by 7740.00 levels and holding below them, noting that our first waited target is located at 8643.35. Expected trading range for today is between 7500.00 support and 8640.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 27, 2018 at 07:36AM :

" πŸ“Š The EURUSD pair resumed its negative trading yesterday to settle around 1.1650 level now, as the EMA50 managed to keep trades below the symmetrical triangle’s resistance, noticing that stochastic continues to provide the negative signals. Therefore, we believe that the chances are valid to achieve more decline in the upcoming sessions, noting that our main targets begin at 1.1554 and extend to 1.1443, while achieving them conditions holding below 1.1735 and 1.1790 levels. Expected trading range for today is between 1.1550 support and 1.1735 resistance. Expected trend for today: Bearish "

 

Thursday, July 26, 2018

|>> New Crypto Analysis by FX for Dummies July 26, 2018 at 12:21PM :

" πŸ“ˆ BTCUSD(1D) is @Strong Buy! 12:19 Rate: 8287.35 "

 

|>> New Forex Analysis by FX for Dummies July 26, 2018 at 08:10AM :

" πŸ“Š The EURUSD pair returns to test the symmetrical triangle’s resistance that appears on the chart, accompanied by stochastic reach to the overbought areas, while the EMA50 meets the triangle’s resistance at 1.1740 to add more strength to it. Therefore, these factors encourage us to keep our bearish overview for the upcoming period, waiting to head towards 1.1554 followed by 1.1443 levels as next main stations, reminding you that the continuation of the bearish trend conditions holding below 1.1740 and 1.1785 levels. Expected trading range for today is between 1.1615 support and 1.1800 resistance. Expected trend for today: Overall Bearish "

 

|>> New Crypto Analysis by FX for Dummies July 26, 2018 at 08:09AM :

" πŸ“Š Bitcoin price approached 8000$ barrier, and begins to provide bullish rebound signals in attempt to resume the main bullish trend, noticing that stochastic begins to provide positive overlapping signal on the four hours’ time frame. Therefore, we believe that the chances are valid to provide positive trading in the upcoming sessions, noting that the expected targets begin at 8643.35 followed by 9000.00, while holding above 7615.00 represents key condition to achieve the suggested targets. Expected trading range for today is between 7800.00 support and 9000.00 resistance Expected trend for today: Bullish "

 

Wednesday, July 25, 2018

|>> New Forex Analysis by FX for Dummies July 25, 2018 at 05:10PM :

" πŸ“‰ GBPCAD and USDCAD are losing today 91 and 72 pips respectively (0.53% and 0.55%). "

 

|>> New Crypto Analysis by FX for Dummies July 25, 2018 at 06:30AM :

" πŸ“Š Bitcoin price keeps achieving strong gains to approach our next waited target at 8643.35, moving within bullish channel that reinforces the chances of breaching the mentioned level to open the way to achieve more rise on the intraday and short term basis. Therefore, we will continue to suggest the bullish trend supported by the EMA50 that carries the price from below, noting that surpassing the waited target will push the price towards 9000.00 as a next station, while holding above 7635.00 represents key condition to continue the expected rise. Expected trading range for today is between 7800.00 support and 9000.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 25, 2018 at 06:29AM :

" πŸ“Š The EURUSD pair did not show any strong move yesterday, to continue fluctuating below 1.1700 barrier, noticing that stochastic begins to provide negative overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the bearish trend in the upcoming sessions. Therefore, we will continue to suggest the bearish trend for today unless breaching 1.1740 followed by 1.1785 levels, reminding you that our main targets begin at 1.1554 and extend to 1.1443. Expected trading range for today is between 1.1580 support and 1.1780 resistance. Expected trend for today: Overall Bearish "

 

Tuesday, July 24, 2018

|>> New Economic Event by FX for Dummies July 24, 2018 at 09:11AM :

" πŸ“ˆ EUR FR Markit Manufacturing PMI /// Act: 53.1 Cons: 52.4 Prev: 52.5 /// Better than expected /// The Manufacturing Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in France. A result above 50 signals is bullish for the Euro "

 

|>> New Crypto Analysis by FX for Dummies July 24, 2018 at 07:07AM :

" πŸ“Š Bitcoin price confirmed breaching the sideways range’s resistance that dominated the recent trades as appears on the chart, which reinforces the expectations of achieving more gains on the intraday and short term basis, affected by the previously completed double bottom pattern, reminding you that our waited targets begin at 7950.00 and extend to 8643.35. The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 7160.00. Expected trading range for today is between 7200.00 support and 8200.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 24, 2018 at 07:06AM :

" πŸ“Š The EURUSD pair bounced bearishly after testing the symmetrical triangle’s resistance that appears on the chart, noticing that the EMA50 continues to press negatively on the price, accompanied by stochastic approach to the overbought areas. Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, which targets 1.1554 followed by 1.1443 levels mainly, noting that the continuation of the expected decline depends on holding below 1.1745 and the most important 1.1780 levels. Expected trading range for today is between 1.1580 support and 1.1780 resistance. Expected trend for today: Overall Bearish "

 

Monday, July 23, 2018

|>> New Economic Event by FX for Dummies July 23, 2018 at 04:02PM :

" USD Existing Home Sales (MoM) /// Act: 5.38M Cons: 5.44M Prev: 5.43M /// Worse than expected /// The Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is positive for the Dollar, while a low reading is negative. "

 

|>> New Crypto Analysis by FX for Dummies July 23, 2018 at 08:23AM :

" Bitcoin price begins today’s trading with clear positivity to start surpassing 7600.00$ barrier, which supports the continuation of the recently suggested bullish trend scenario, reinforced by stochastic positivity, besides that the EMA50 carries the price from below. Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 7160.00, noting that our next main target is located at 7950.00, which breaching it represents the key to rally towards 8643.35 as a next main station. Expected trading range for today is between 7200.00 support and 8200.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 23, 2018 at 08:22AM :

" The EURUSD pair showed more bullish bias in the previous sessions to test the key resistance at 1.1750, which represents the symmetrical triangle’s resistance that confines the recent trades as appears on the chart, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum gradually. Therefore, these factors encourage us to suggest the bearish rebound from the current areas to resume the overall bearish trend, which its main targets begin at 1.1554 and extend to 1.1443, taking into consideration that breaching 1.1750 – 1.1780 levels will stop the expected decline and lead the price to return to the main bullish trend again. Expected trading range for today is between 1.1630 support and 1.1800 resistance. Expected trend for today: Overall Bearish "

 

Sunday, July 22, 2018

|>> New Forex Analysis by FX for Dummies July 22, 2018 at 04:54PM :

" FX outlook next week: US Existing Home Sales: Monday, 14:00. Most transactions in the housing market are of second-hand, existing homes. Annualized sales stood at 5.43 million in May and a similar figure is likely in June: 5.46 million. /// Australian CPI: Wednesday, 1:30. Contrary to most other countries, Australia publishes inflation data only once per quarter. The pace of price rises slowed down to 0.4% q/q in the first quarter of 2018. Core inflation, known in Australia as Trimmed Mean CPI, advanced by 0.5%, faster than previously. We will now get the fresh data for Q2 2018. The publication impacts the Reserve Bank of Australia which has not changed interest rates in nearly two years. Both figures are projected to rise by 0.5%. /// US New Home Sales: Wednesday, 14:00. Sales of new homes trigger a broad range of economic activities, such as infrastructure spending. The report for May surprised on the upside by advancing to 689K annualized sales. The high levels are expected to be maintained in the figures for June. /// ECB decision: Thursday, 11:45, press conference at 12:30. The European Central Bank sent EUR/USD plunging in its previous decision on June 14th. While they announced the beginning of the end of the bond-buying scheme, they added many conditions to any tightening move and pledged to leave interest rates unchanged “through the summer of 2019”. Since then, various reports about the meaning of this phrase have floated. Any clarification or lack thereof will move the euro. Comments about trade will also be watched very closely. /// US Durable Goods Orders: Thursday, 12:30. Orders of durable goods reflect investment and are eyed by the Fed. This specific publication is for the month of June, concluding the second quarter and feeding into the GDP report the following day. Headline orders dropped by 0.4% and this volatile figure may bounce back in June: a jump of 2.7% is on the cards. Core orders, which carry more weight, remained flat in the final read. Also here, we could see a small advance: an increase of 0.5% is on the cards. /// US Advance GDP: Friday, 12:30. The world’s No. 1 economy publishes the first release of Q2 GDP. The final read for the first quarter stood at 2.3%, annualized, better than previous first quarters of the year but better than peers in the developed world. Expectations for the second quarter are already much higher, with various estimates standing at around 4% and the consensus is at an annualized jump of 4.1%. It is important to note that durable goods orders may modify projections at the last moment. "

 

Friday, July 20, 2018

|>> New Forex Alert by FX for Dummies July 20, 2018 at 04:13PM :

" πŸ“‰ USD/CAD dropped [-1.01%] in 5 h. 20 min. New level: 1.31286 "

 

|>> New Economic Event by FX for Dummies July 20, 2018 at 02:31PM :

" πŸ“Š CAD Bank of Canada Consumer Price Index Core (YoY) --- Act: 1.3% Cons: 1.4% Prev: 1.3% --- Worse than expected --- 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. "

 

|>> New Crypto Analysis by FX for Dummies July 20, 2018 at 07:03AM :

" πŸ“Š Bitcoin price shows some bullish bias to move above 7400.00 barrier, reinforcing the chances of continuing the recently suggested bullish trend, supported by stochastic reach to the oversold areas, besides the positive support provided by the EMA50. Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 6840.00 level and holding below it, reminding you that we are waiting to visit 7950.00 level as a next main station. Expected trading range for today is between 7000.00 support and 8000.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 20, 2018 at 07:02AM :

" πŸ“Š The EURUSD pair keeps its stability below 1.1705 level after the rise that it witnessed by yesterday’s end, to keep the bearish trend suggested in the upcoming sessions, reminding you that our main waited targets begin at 1.1554 and extend to 1.1443 after breaking the previous level. The EMA50 keeps supporting the suggested bearish wave, while on the other hand, breaching 1.1705 followed by 1.1765 levels will stop the expected decline and lead the price to turn to rise. Expected trading range for today is between 1.1530 support and 1.1720 resistance. Expected trend for today: Bearish "

 

Thursday, July 19, 2018

|>> New Forex Alert by FX for Dummies July 19, 2018 at 02:59PM :

" πŸ“‰ Silver (XAGUSD) is losing 2.3% today, setting a new yearly low @15.157. "

 

|>> New Economic Event by FX for Dummies July 19, 2018 at 02:33PM :

" πŸ“ˆ USD Jobless Claims --- Act: 207.0K Cons: 220.0K Prev: 214.0K --- Better than expected --- The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. "

 

|>> New Crypto Analysis by FX for Dummies July 19, 2018 at 08:13AM :

" πŸ“Š Bitcoin price shows some bearish bias now affected by stochastic negativity, which begins to get rid of its negative momentum and head towards the oversold areas, to support the chances of resuming the expected bullish trend for the upcoming period, supported by the EMA50. Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 6840.00 level and holding below it, reminding you that we are waiting to target 7950.00 level mainly. Expected trading range for today is between 7000.00 support and 8000.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 19, 2018 at 08:12AM :

" The EURUSD pair settles below 1.1705 level, thus, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 1.1554 followed by 1.1443 levels as next main stations. We should note that the continuation of the expected decline depends on holding below 1.1705 and 1.1765 levels. Expected trading range for today is between 1.1530 support and 1.1720 resistance. Expected trend for today: Bearish "

 

Wednesday, July 18, 2018

|>> New Forex Alert by FX for Dummies July 18, 2018 at 05:36PM :

" πŸ“ˆ Have you seen the crypto prices? XLM +31%, ZEC +18%, BTC +10% over 24 hours! "

 

|>> New Forex Alert by FX for Dummies July 18, 2018 at 02:15PM :

" πŸ“‰ GBP/JPY dropped [-1.06%] in 20 h. 56 min. New level: 147.091 "

 

|>> New Forex Alert by FX for Dummies July 18, 2018 at 02:13PM :

" πŸ“‰ GBPUSD is falling 0.65% (86 pips), setting a new 10 months low @1.3010 earlier today. "

 

|>> New Crypto Analysis by FX for Dummies July 18, 2018 at 07:49AM :

" Bitcoin price continues its strong bullish rally after confirming the completion of the double bottom pattern that its signs appear on the chart, as it moves around 7500$ barrier now, reminding you that the full target of the mentioned pattern is located at 7950.00. Therefore, the bullish trend will remain dominant in the upcoming sessions unless breaking 6840.00 level and holding below it. Expected trading range for today is between 7000.00 support and 8000.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 18, 2018 at 07:47AM :

" πŸ“Š The EURUSD pair traded with strong negativity on yesterday’s evening to settle below 1.1705 level, and the price falls under continuous negative pressure coming by the EMA50, which supports the continuation of our bearish overview on the intraday and short term basis, noting that our waited targets begin at 1.1554 followed by 1.1443. The continuation of the bearish trend depends on holding below 1.1705 and 1.1760 levels, as breaching the last one will lead the price to turn to rise and achieve gains that start at 1.1900 and extend to 1.2029. Expected trading range for today is between 1.1554 support and 1.1720 resistance. Expected trend for today: Bearish "

 

Tuesday, July 17, 2018

|>> New Forex Alert by FX for Dummies July 17, 2018 at 07:51PM :

" πŸ“‰ Alert: GBP/NZD dropped [-1.28%] in 18 h. 56 min. New level: 1.93194 "

 

|>> New Forex Alert by FX for Dummies July 17, 2018 at 03:20PM :

" πŸ“‰ GBPUSD is falling 0.53% today (69 pips), most of it in last 2 hours. "

 

|>> New Crypto Analysis by FX for Dummies July 17, 2018 at 07:47AM :

" πŸ“ˆ Bitcoin price continues to fluctuate positively to settle above 6700.00 barrier now, and by taking a deeper look at the chart, we find that the price draws a double bottom pattern that its confirmation line located at 6840.00, which means that breaching this level will provide strong positive factor that supports the chances of achieving more gains. Therefore, we believe that the chances are valid to continue the bullish trend in the upcoming sessions, which its next main target located at 7000.00, noting that breaching this level will push the price towards 7370.00 as a next station, while the expected rise will remain valid conditioned by the price stability above 6415.00 and the most important 6200.00 levels. Expected trading range for today is between 6400.00 support and 7200.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 17, 2018 at 07:46AM :

" πŸ“Š The EURUSD pair continues to fluctuate around 1.1705 level, and begins today with slight bearish bias to move below it, to keep the bearish trend valid in the upcoming sessions, depending on the price stability below the mentioned level and the most important below 1.1760, reminding you that our first main target is located at 1.1554. We should note that breaching 1.1760 will stop the expected decline and lead the price to start recovery attempts that target 1.2029 areas initially. Expected trading range for today is between 1.1600 support and 1.1760 resistance. Expected trend for today: Bearish "

 

Monday, July 16, 2018

|>> New Crypto Analysis by FX for Dummies July 16, 2018 at 06:20AM :

" πŸ“Š Bitcoin price tests the EMA50 that forms good resistance at 6355.00, accompanied by stochastic move inside the overbought areas, which supports the chances of resuming the recently suggested bearish trend, waiting to break 6039.30 level to confirm extending the bearish wave towards 5555.00 as a next main station. We should note that breaching 6400.00 will push the price to start recovery attempts that target testing 6814.00 followed by 7000.00 areas initially. Expected trading range for today is between 5700.00 support and 6600.00 resistance Expected trend for today: Bearish "

 

|>> New Forex Analysis by FX for Dummies July 16, 2018 at 06:19AM :

" πŸ“Š The EURUSD pair settles near 1.1705 level, and the price still below this level, forming the first protecting factor to the continuation of the recently suggested bearish trend scenario, supported by the negative pressure formed by the EMA50. Therefore, we will continue to suggest the bearish bias in the upcoming sessions unless breaching 1.1705 followed by 1.1755 levels and holding above them, reminding you that we are waiting to target 1.1554 followed by 1.1443 levels as first main stations. Expected trading range for today is between 1.1570 support and 1.1755 resistance. Expected trend for today: Bearish "

 

Friday, July 13, 2018

|>> New Forex Analysis by FX for Dummies July 13, 2018 at 06:25AM :

" πŸ“ŠThe EURUSD pair keeps its stability below 1.1705 level, which represents the first protecting factor to the recently suggested bearish trend scenario, falling under continuous negative pressure coming by the EMA50. Therefore, we will continue to suggest the bearish bias in the upcoming sessions, noting that the expected targets begin at 1.1554 and extend to 1.1443, while the expected decline will remain valid unless breaching 1.1705 followed by 1.1775 levels and holding above them. Expected trading range for today is between 1.1554 support and 1.1750 resistance. Expected trend for today: Bearish "

 

Thursday, July 12, 2018

|>> New Forex Alert by FX for Dummies July 12, 2018 at 08:28PM :

" πŸ“ˆ Alert: USD/ZAR jumped [+0.71%] in 2 h. 18 min. New level: 13.3249 "

 

|>> New Forex Alert by FX for Dummies July 12, 2018 at 03:53PM :

" πŸ“ˆ USDCHF is adding 0.57% today (57 pips) to set 8 weeks high @1.0017. "

 

|>> New Economic Event by FX for Dummies July 12, 2018 at 02:37PM :

" πŸ“Š USD Initial Jobless Claims --- Act: 214.0K Cons: 225.0K Prev: 231.0K --- Better than expected --- The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. "

 

|>> New Forex Alert by FX for Dummies July 12, 2018 at 11:10AM :

" πŸ“ˆ Alert: USD/JPY jumped [+1.17%] in 19 h. 43 min. New level: 112.4225 "

 

|>> New Economic Event by FX for Dummies July 12, 2018 at 08:46AM :

" πŸ“Š EUR Harmonized Index of Consumer Prices (YoY) --- Act: 2.1% Cons: 2.1% Prev: 2.1% --- As expected --- HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. "

 

|>> New Crypto Analysis by FX for Dummies July 12, 2018 at 06:36AM :

" πŸ“Š The tight range keeps dominating Bitcoin price’s trading, to continue fluctuating around 6300.00, thus, no change to our bearish overview that targets 6039.30 followed by 5555.00 levels as next main stations, noting that holding below 6780.00 is important to continue the expected decline. Expected trading range for today is between 5700.00 support and 6700.00 resistance Expected trend for today: Bearish "

 

|>> New Forex Analysis by FX for Dummies July 12, 2018 at 06:35AM :

" The EURUSD pair confirmed breaking 1.1705 level after closing the daily candlestick below it, to face more expected negative pressure in the upcoming period, supported by stochastic and the EMA50 negativity. Therefore, the bearish bias will be suggested for today, noting that our next main target is located at 1.1554, while breaching 1.1705 followed by 1.1775 levels represent the key to stop the current negative pressure and return to the main bullish trend again. Expected trading range for today is between 1.1554 support and 1.1750 resistance. Expected trend for today: Bearish "

 

Wednesday, July 11, 2018

|>> New Forex Alert by FX for Dummies July 11, 2018 at 07:20PM :

" πŸ“ˆ USD/CAD jumped [+0.75%] in 2 h. 33 min. New level: 1.31629 "

 

|>> New Forex Alert by FX for Dummies July 11, 2018 at 06:05PM :

" πŸ“ˆ USDJPY is adding 0.47% (53 pips) today to set a new 6 months high. "

 

|>> New Economic Event by FX for Dummies July 11, 2018 at 04:02PM :

" πŸ“Š CAD BoC Interest Rate Decision --- Act: 1.5% Cons: 1.5% Prev: 1.25% --- As expected --- BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish. "

 

|>> New Forex Analysis by FX for Dummies July 11, 2018 at 02:44PM :

" - Risk of GBP/CAD Breakdown Increases After Bank of Canada Rate Hike Chances Pass 80% - GBP/CAD at risk of a breakdown due to central bank action - Price charts also signal bearish bias as Elliot wave pattern points to 1.70s "

 

|>> New Crypto Analysis by FX for Dummies July 11, 2018 at 08:37AM :

" πŸ“Š Bitcoin price settled below the EMA50, as the price completed forming bearish flag pattern that puts the price under expected negative pressure on the intraday and short term basis, targeting testing 6039.30 level as a first main station. Therefore, the bearish trend will remain suggested in the upcoming sessions unless the price managed to breach 6705.00 level and hold above it, noting that breaking 6039.30 will extend Bitcoin price losses to reach 5555.00 on the near term basis. Expected trading range for today is between 5700.00 support and 6705.00 resistance Expected trend for today: Bearish "

 

|>> New Forex Analysis by FX for Dummies July 11, 2018 at 08:36AM :

" πŸ“Š The EURUSD pair settles above 1.1705 level, which keeps the bullish trend scenario valid until now, but the price faces difficulty to surpass the EMA50, as it needs a strong positive motive that reinforces the chances of continuing the rise in the upcoming period. Until now, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 1.1705 level and holding below it, reminding you that the main waited target extends to reach 1.2029, while breaking 1.1705 represents negative factor that will push the price to decline towards 1.1554 initially. Expected trading range for today is between 1.1650 support and 1.1830 resistance. Expected trend for today: Bullish "

 

Tuesday, July 10, 2018

|>> New Economic Event by FX for Dummies July 10, 2018 at 04:02PM :

" πŸ“ŠUSD JOLTS Job Openings --- Act: 6.638M Cons: 6.583M Prev: 6.698M --- Better than expected --- JOLTS Job Openings is a survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. "

 

|>> New Economic Event by FX for Dummies July 10, 2018 at 10:34AM :

" GB Gross Domestic Product (MoM) --- Act: 0.3% Cons: 0.3% Prev: --- As expected --- 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). "

 

|>> New Crypto Analysis by FX for Dummies July 10, 2018 at 08:20AM :

" πŸ“Š Bitcoin price shows some bearish bias to approach testing the EMA50, noticing that stochastic gets rid of its negativity to reach the oversold areas, which forms positive factor that we are waiting to assist to push the price to rise in the upcoming sessions. Therefore, we will continue to suggest the bullish trend unless breaking 6400.00 level and holding below it, noting that the waited targets begin at 7000.00 followed by 7750.00. Expected trading range for today is between 6400.00 support and 7200.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 10, 2018 at 08:19AM :

" πŸ“Š The EURUSD pair found difficulty to surpass 1.1770 yesterday, to show some slight bearish bias, while the price is affected by stochastic negativity. Until now, the bullish trend scenario still valid as long as the price is above 1.1705, reminding you that the main waited target reaches 1.2029, while breaking 1.1770 represents negative factor that will push the price to return to the main bearish track again, to start the negative targets at 1.1554. Expected trading range for today is between 1.1700 support and 1.1860 resistance. Expected trend for today: Bullish "

 

Monday, July 9, 2018

|>> New Forex Alert by FX for Dummies July 09, 2018 at 04:36PM :

" πŸ“ˆ AUDUSD is adding 0.61% today (45 pips), setting 3 weeks high after rising 140 pips in last 5 sessions. "

 

|>> New Forex Analysis by FX for Dummies July 09, 2018 at 09:56AM :

" πŸ“Š The EURUSD pair confirmed breaching 1.1705 level after closing last week above it, to head towards achieving gains that begin by surpassing 1.1770 level to open the way to head towards 1.2029 that represents our next main positive target. On the other hand, note that breaching 1.1850 will complete forming a bullish pattern that has the ability to push the price to achieve more rise on the short term and medium term basis. Therefore, the bullish trend will be expected for today unless we witnessed clear break and hold below 1.1705. Expected trading range for today is between 1.1700 support and 1.1860 resistance. Expected trend for today: Bullish "

 

|>> New Crypto Analysis by FX for Dummies July 09, 2018 at 09:55AM :

" πŸ“Š Bitcoin price provides calm positive trading to move above 6700.00$ barrier now, getting continuous positive support by the EMA50, to keep the bullish trend valid and active in the upcoming period, waiting to target 7000.00 followed by 7750.00 levels as next main stations, reminding you that holding above 6400.00 is important to continue the expected rise. Expected trading range for today is between 6400.00 support and 7200.00 resistance Expected trend for today: Bullish "

 

Friday, July 6, 2018

|>> New Economic Event by FX for Dummies July 06, 2018 at 02:45PM :

" USD Nonfarm Payrolls --- Act: 213.0K Cons: 195.0K Prev: 223.0K --- Better than expected --- The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months "

 

|>> New Economic Event by FX for Dummies July 06, 2018 at 02:42PM :

" CAD Unemployment Rate --- Act: 6.0% Cons: 5.8% Prev: 5.8% --- Worse than expected --- 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 "

 

|>> New Forex Analysis by FX for Dummies July 06, 2018 at 11:31AM :

" The focus today will be on wages with analysts looking for a solid 0.3% increase this month. Anything less than that will be viewed as a disappointment and could send USD/JPY towards the 110.00 figure, but a solid print should push USD/JPY through 111.00 as market expectations of 4 rate hikes by the Fed will ratchet up "

 

|>> New Forex Analysis by FX for Dummies July 06, 2018 at 11:26AM :

" πŸ“Š With EUR/USD making gains yesterday along with USD/JPY, we have seen a new high in EUR/JPY. It has potential to break above yesterday’s high – but it’s a tight balance. Much depends on the balance between the two intrinsic pairs. However, it looks like we are seeing a triple top… "

 

|>> New Crypto Analysis by FX for Dummies July 06, 2018 at 06:55AM :

" Bitcoin price continues to fluctuate within sideways track, keeping its stability above the EMA50, which keeps our bullish overview valid as it is without any change, supported by stochastic move at the oversold areas now, reminding you that our main targets begin at 7000.00 and extend to 7750.00, while holding above 6400.00 represents key condition to achieve these targets. Expected trading range for today is between 6200.00 support and 7200.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 06, 2018 at 06:54AM :

" The EURUSD pair tested 1.1705 level and keeps its stability below it, and the EMA50 keeps pressing negatively on the price, while stochastic moves at the overbought areas. Therefore, these factors encourage us to continue suggesting the bearish trend that targets 1.1554 followed by 1.1443 levels initially, reminding you that breaching 1.1705 will lead the price to start attempts to regain the main bullish trend again. Expected trading range for today is between 1.1570 support and 1.1750 resistance. Expected trend for today: Bearish "

 

Thursday, July 5, 2018

|>> New Economic Event by FX for Dummies July 05, 2018 at 04:02PM :

" πŸ“Š ISM Non-Manufacturing PMI -- Act: 59.1 Cons: 58.3 Prev: 58.6 -- Better than expected -- The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) 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. "

 

|>> New Forex Analysis by FX for Dummies July 05, 2018 at 10:03AM :

" The EURUSD pair showed tight trades as expected yesterday, keeping its stability below 1.1705 level, thus, no change to the bearish trend scenario that depends on holding below the mentioned level, supported by stochastic and the EMA50 negativity, reminding you that our waited targets begin at 1.1554 followed by 1.1443. Expected trading range for today is between 1.1554 support and 1.1730 resistance. Expected trend for today: Bearish "

 

|>> New Crypto Analysis by FX for Dummies July 05, 2018 at 10:02AM :

" Bitcoin price provided positive trading yesterday to move away from the EMA50, reinforcing the expectations of continuing the bullish trend on the intraday basis, reminding you that our waited targets begin at 7000.00 and extend to 7750.00, while holding above 6400.00 level represents key condition to achieve the suggested targets. Expected trading range for today is between 6200.00 support and 7200.00 resistance Expected trend for today: Bullish "

 

Wednesday, July 4, 2018

|>> New Crypto Analysis by FX for Dummies July 04, 2018 at 02:58PM :

" Bitcoin price shows negative trading now to approach testing the EMA50 that forms key support at 6355.00, noticing that stochastic gains the positive momentum on the four hours’ time frame, which supports the chances of bouncing bullishly to resume the expected bullish trend on the intraday basis, which its next target located at 7000.00. Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 6355.00 level and holding below it. Expected trading range for today is between 6100.00 support and 7200.00 resistance Expected trend for today: Bullish "

 

|>> New Forex Analysis by FX for Dummies July 04, 2018 at 02:57PM :

" The EURUSD pair returns to test the key resistance 1.1705 and still below it until now, to keep our bearish overview until now, waiting to target 1.1554 followed by 1.1443 as next main stations. The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.1705 will push the price to start recovery attempts and regain the main bullish trend again. On the other hand, the major currencies’ pairs might witness weak moves today affected by the US holidays. Expected trading range for today is between 1.1554 support and 1.1730 resistance. Expected trend for today: Bearish "

 

Tuesday, July 3, 2018

|>> New Forex Alert by FX for Dummies July 03, 2018 at 06:39PM :

" πŸ“‰GBPUSD(1D) is @Strong Sell! Rate: 1.31733 "

 

|>> New Crypto Analysis by FX for Dummies July 03, 2018 at 10:18AM :

" The price of the Bitcoin has gathered up to exceed the 6450.00 level and has stabilized above, which increases the intraday track, to reach further gains in the next period, focusing on 7000.00 followed by 7750.00 levels like the next main stations. Therefore, the bullish trend is expected today to break the 6210.00 level and settle below it. The bargaining interval expected for today is between 6210.00 support and 7200.00 resistance Trend expected today: bullish "

 

|>> New Forex Analysis by FX for Dummies July 03, 2018 at 10:14AM :

" The EURUSD has not shown any strong moves since yesterday, to remain stable below the key resistance 1.1705, therefore, our bearish overview will remain valid as it is without any change, remembering that our expected targets start at 1.1554 and we they extend to 1.1443, while the 1.1705 violation represents the key to stopping the expected negative pressure and trying again to regain the main confidence trend. The trading interval forecast for today is between 1.1530 support and 1.1770 resistance. Trend expected today: bearish "

 

Monday, July 2, 2018

|>> New Crypto Analysis by FX for Dummies July 02, 2018 at 06:38AM :

" The price of the bitcoin showed a clear positive trade in the previous sessions to shift the resistance of the bearish channel that appears on the chart, showing sideways and tight trading now to exit the mentioned channel, while stochastic shows clear negative signals now. Therefore, we believe that the possibilities are valid to resume the downward trend in upcoming sessions unless they exceed the 6450.00 level and keeping it above, noting that the break of 6039.30 will open the way to head towards 5100.00 as the next main station. The trading range expected for today is between 5500.00 support and 6600.00 resistance Trend expected today: bearish "

 

|>> New Forex Analysis by FX for Dummies July 02, 2018 at 06:35AM :

" The EURUSD pair has reached the 1.705 level, starting today with a slight bearish stance indicating the beginning of a bearish rebound from the above level, which supports the chances of continuing the short-term bearish trend, supported by the negative pressure of the EMA50, waiting to test the 1.1554 level as the first station. The break in the targeted level will push the price towards 1.1443 as the next main station, while the violation of 1.1705 will halt the expected decline and will induce the price to start the recovery attempts and reach gains that reach 1.2029 in the short term. The trading range forecast for today is between 1.1554 support and 1.1720 resistance. Trend expected today: bearish "

 

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