Forex
USD has started rising against Euro, GBP, CHF and JPY. I took 2 short positions on EURUSD and I managed to realized 413 PIPS.
Let’s learn together on how to achieve this on Forex!
I am you have seen that the Nikkei climbed up by about 3.8% today. It is the largest percentage gain among the Asian stock market indices.
What a coincidence that I observed the USD is climbing UP too against JPY and it is crossing up the 200 period moving average in the hourly chart.
Do you trade Forex? USD has continued it downward trend since March. US Treasury Secretary has hinted recently that the green note is important to the US and definitely they won’t like to see it continues to fall.
But now, the question is : Is it now the Time for USD to rise again?
Taking another look at the British pound.
I saw a video which gave a detailed analysis of the British pound (GBP) versus the US dollar (USD). At that time I expected the British Pound to continue its gains against the US dollar. This video revisits GBP/USD cross to see just what has happened to this market.
Are you trading any US dollars in the forex market? Well, I have come across a video today that is pretty interesting to analyse the US dollar against some other currency pairs.
I am sharing with you here.
The EUR/USD is popping up towards March highs, exploding from our 3rd tier downtrend line as anticipated. As we explained in our previous post, breaking through the 3rd tier was a key fundamental move. Therefore, the EUR/USD should continue enjoy its upward momentum, at least until the psychological 1.40 area.
I have been testing and playing with Metatrader 4. You can use metatrader 4 to create your own indicator or expert advisor.
I have found a great place you can download and create your Metatrader 4 demo account instantly, plus, you can use this demo account forever, there is no expiry date.
Come take a look if you like to test drive Metatrader 4 now!
I have also created a MetaTrader Expert Advisor to test my trading system on forex. I am now seeing lots of volatility in the EUR-USD pair and you can see lots of trend within the 5 mins or 15 mins charts.
I was so happy that it managed to track down a rewarding trend with a return of 115 pips on EUR-USD pair.
Come to check out this expert advisor (EA) yourself!
