tag:blogger.com,1999:blog-91334907574596791302024-03-13T08:13:22.513-04:00Forex Trading | Forex Signal | Forex Forecastforex strategy | forex forecast | forex signal | forex signals | forex scalping | BCOUSD | Gold | XAUUSD | Brent Crude Oil | technical analysis | historical dataAdminhttp://www.blogger.com/profile/14877084041729340018noreply@blogger.comBlogger288125tag:blogger.com,1999:blog-9133490757459679130.post-53013989235038338322024-02-03T09:07:00.003-05:002024-02-03T09:07:37.249-05:00None of the Technical Indicator's strategy will work permanently as it is.There are none of the technical indicator's strategy will work permanently - no matter what! Therefore, the number one rule still depends on one's intuition based on the technical indicators signal.
1. Combination of MACD and Full Stochastic has the best technical result 2. Addition with candlestick patterns and chart patterns it make better result3. Yet intuition is much greater.Remember Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-62609090517777980702021-03-06T09:13:00.050-05:002021-06-18T11:09:59.450-04:00Gold XAUUSD Chart Pattern AnalysisHere are similar historical data that happens in the 26- to 01 December 2020
Let's if there is truth in chart patterns of the Gold XAUUSD - and how it behaves in different situation of the MACD indicator in different time frame
Updated - it goes up as expected
Updated 03-Mar-2021 - So history prove itself right once again the Gold wen't up just exactly like historical of similar Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-74435738067925307302021-03-05T02:38:00.080-05:002021-06-18T11:14:49.699-04:00Brent Crude Oil Chart Patterns Analyzing the chart patterns and the technical indicator direction against the real time market fluctuation for BCOUSD
Updated - so it's going up and away
Updated 08-Mar-2021 (It's going further up and away)
Updated 08-Mar-2021 (Reversal for corrections) - after market jump it quickly reverse
Updated 09-Mar-2021
Updated 10-Mar-2021...where will it go at this point?
Updated Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-35667622434260769012021-03-04T00:10:00.003-05:002021-04-09T02:38:38.474-04:00Why the scalper is the potential biggest losers in forex trading?Most novice traders thinks that utilize every ups and downs of the market fluctuation will make the most profits out of forex trading and that is fundamentally true if most of the trades goes their way. However that is not the case happening to most people - in fact scalp trading is high dangerous especially with stop losses.
Just remember this - all the technical indicators including MACD, Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-3656865466008100212021-03-03T12:29:00.004-05:002021-03-03T13:08:28.316-05:00Brent Crude Oil Technical Analysis Observation BCOUSDDefying MACD and Stochastic signal when the support target has been completed - The trigger candle is the deep at 1H time frame defying its MACD but that will reverse fast and quick
Brent Crude Oil = Weekly Up and Monthly Up Gold occur similar case on the 4H Time Frame while BCOUSD occur at 1H time frame -- reversal occur at Middle Daily Bollinger band.
Very similar case to Gold Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-56288881742906212232021-02-18T12:32:00.004-05:002021-02-18T12:32:47.525-05:00How a correction started Brent Crude Oil observationThis is an observation of BCOUSD or Brent Crude Oil forex market trading how a correction started continuosly and where it should ends. Initially the correction move started with the 5 and 15 minutes time frame movement synchronously by MACD and Stochastic. Then when the 15 minute ends it follows by 30 and 1 hour time frames MACD starting to diverge. In between there are minor correction Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-44838529595961138482021-02-03T23:50:00.002-05:002021-02-03T23:50:11.407-05:00Forex EUR-GBP Technical Analysis 04-Feb-2021 Forecast StrategyThis is the moment I've been waiting for - to see the behavior of the EUR-GBP movement if it will continue downtrend or making a slight correction before it's continue or reverse to uptrend instead. Let's see the perspective on each of the time frame.
On the monthly time frame MACD starting to converge downward but at the same time it is also standing on the major support level - with Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-64892073456694797812021-02-03T21:16:00.004-05:002021-02-03T21:16:34.831-05:00Brent Crude Oil USD Technical Analysis 04-Feb-2021Brent Crude Oil Technical analysis on the monthly time frame - the market direction is strong bullish with both MACD and Stochastic moving parallel in the same direction. However it is already close to the strong resistance level at 60.562 - there is a chance it could move further ups if the US Dollar weaken for the month of February.
On the weekly time frame the market direction also still Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-89953181329688899482021-01-28T21:31:00.001-05:002021-01-28T21:52:59.672-05:00EUR-GBP Technical Analysis and MACD technical indicatorAfter quite sometimes studying the patterns of market movement on the EUR-GBP pair - there is quite convincing evidence the MACD is one of the most important technical indicators to predict the behavior of the market movement. It may fails at times but the consistency of the forecast is quite high. It is no wonder many conventional traders probably the big traders still relying on the basic MACD Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-68809213967396717142020-12-17T04:30:00.004-05:002020-12-17T04:48:29.047-05:00Bitcoin heading to the great beyondBitcoin has sky rocket far to a greater height against the US Dollar where it never been gone to before and it currently sit on 23,0000 value. This is so incredible and of course the new high certainly will trigger financial media frenzy reporting that might make it goes further up.
However for traders this is the danger territory that becoming more dangerous to trade - going to a new territory Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-31001561382120044502020-12-14T12:02:00.000-05:002020-12-14T12:02:01.394-05:00Bitcoin Forex Technical Analysis 15-Dec-2020The hype of cryptocurrency have a great impact on the bitcoin forex trading - this can be seen on the BTCUSD chart where it sits on the overbought position and yet it is still poised to go further up based on the price actions signal. However the US dollar seems to gain some strength and it can be seen on the most traded pairs i.e. USDCAD, USDJPY, USDCHF etc. This could signal the brink of Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-56687431527105755592020-12-13T12:03:00.003-05:002020-12-13T12:03:24.615-05:00gbp usd technical analysis 14-Dec-2020 forexVery tricky position to trade the GBP-USD on monday 14-Dec-2020 because it was significantly oversold. Therefore a potential pullback for correction on the 4H is possible yet again continuation further down is also possible. We will wait and see until MACD on the 4H time frame changes course...
forex trading for beginners
forex market analysis
forex analysis today
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forex Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-18113687119420546322020-12-12T11:06:00.003-05:002020-12-12T11:06:26.721-05:00EUR-GBP Technical Analysis (Revisited) 11-Dec-2020The EUR-GBP went extremely overbought last Friday 11-Dec-2020 due to the heavy falls in the GBP-USD which went oversold. The movement of the EUR-GBP was closely related to all the Euro and Pound pairs i.e. EUR-USD, EUR-JPY, EUR-CAD etc vs GBP-USD, GBP-JPY, GBP-CAD etc. However by the end of the trading day it eventually retrace back at least at the position where it should be.
Next monday Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-20936529599544575292020-12-07T12:06:00.003-05:002020-12-07T12:06:14.693-05:00EUR-USD and EUR-GBP Technical Analysis Result 07-Dec-2020The EUR-USD follow the technical analysis as expected based on this eur-usd technical analysis. While the EUR-GBP break the resistance and go for overbought due to all pound related pairs has gone down with more volumes vs the euro which is lesser in volume
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-81515124671748174812020-12-06T13:17:00.004-05:002020-12-06T13:17:24.778-05:00EUR-USD technical analysis 07-Dec-2020This is technical analysis forecast for euro dollar pair - the prospect of further upside is high but that is not without a fight at the resistance of the weekly time frame which is on the brink of collapse. If the support on the weekly time frame hold then further upside is imminent but for the time being it maybe fluctuating without the support resistance level of the 4H time frame. We Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-90911989936316418142020-12-06T11:06:00.004-05:002020-12-06T11:12:18.328-05:00EUR-GBP Technical Analysis 06-Dec-2020This is some technical analysis insight for the Euro Pound pair - one of the interesting one to trade due to the correlation. On the monthly time frame it hold on to the support quite strongly but in forex anything is possible to break pass through it. But for the time being it is bullish or ranging up. One the weekly time frame is bearish and going down to the middle band of the Bollinger Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-72606812500483273242020-12-03T00:57:00.005-05:002020-12-03T00:57:46.640-05:00GBP-USD Daily Technical Analysis 03-Dec-2020Based on the price action - most traders should be thinking the GBP-USD is going down in the daily time frame at least for 1 candlestick down today. But then again from the bigger picture on the monthly time frame the GBP-USD is strong bullish and it could trigger an immediate upside movement without warning. Fundamental economic data from the US, EU or the UK would trigger such a move and Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-72830879054142140842020-12-02T13:47:00.001-05:002020-12-02T13:47:22.362-05:00Price Action Indicator reliabilityLive streaming trade on YouTube really has popularize the price actions indicator. Here we will discussed with example how reliable the price action indicator without any indicators assistance? You look at this at first glance it really works especially when you watch youtubers consistently winning from the price action trading. But after further observation - it seems there are flaws in it. Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-88174626090555671822020-11-25T11:55:00.003-05:002020-11-25T11:55:36.394-05:00EUR-USD Technical Analysis 26-Nov-2020As discussed in the previous analysis based on the historical data - it seems the Euro Dollar pair is eyeing to break the major resistance at 1.19041. But danger still linger as there could be a huge potential of trap to go down and the volume gonna be big around 100 or more pips. Therefore at this point we will see if the support will hold at least at the current position 1.18051 or down to Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-65119895014000756252020-11-18T03:15:00.002-05:002020-11-18T03:18:21.712-05:00High Risk High Rewards Gold and Bitcoin Trading ForexIf you are looking for high risk high rewards trade in the forex market - you shouldn't trade the pure currency pairs with the like of EUR-USD, GBP-USD, AUD-USD etc. There are two pairs associated with USD with high volumes even on the 5 minutes charts like no other and they are the XAUUSD (Gold) and BTCUSD (BitCoin). On the weekly time frames the volume traded up to 50,000 pips at average of Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-18174852274403378422020-11-07T09:52:00.000-05:002020-11-07T09:52:02.542-05:00EUR-USD Technical Analysis 07-Nov-2020We thought a big move downward in the early last week would continue further downward EUR-USD Technical Analysis 01-Nov-2020 - but instead it swing back up quickly in the midweek to proceed with the major uptrend. So we were dead wrong and that also coincide with the election day.Today we put aside of the notions of major correction and look back into the historical data of price actions that is Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-79476936315087046162020-11-01T09:25:00.005-05:002020-11-01T09:25:28.046-05:00EUR-USD Technical Analysis 01-Nov-2020The long awaited major correction for the EUR-USD finally visible - this is shown by the MACD Stochastic signal in the weekly time frame chart below. The probability to break the current support level 1.16487 is 85% certain as long as MACD and Stochastic in the weekly time frame keep moving down the experience could be painfully fast or slow till you get bored of waiting. It could go down asUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-51728658893353372612020-10-31T03:47:00.003-04:002020-10-31T03:47:57.189-04:00The ideal and precision of support and resistance that never comes in forex tradingSome people believe in the ideal while others looking for precision - but neither can happen consistently although it does occasionally. In this topic we discussed specifically about support and resistance level as it is the basic fundamental of success in technical analysis. If you can master at least of 80% accuracy there will be great success in forex trading career.Ideally the support and Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-43221267865220429682020-10-23T05:26:00.001-04:002020-10-23T05:26:13.690-04:00Why you need to learn about currency correlations in forex tradingOne of the field to learn in forex trading is the currency correlations. Why is the currency correlation is very important? Because it can trigger temporary movement that has a huge impact on another. Take for example USD-CHF where all indicators and tend is going smoothly and there are no other fundamental macro economic news on that day of trading but suddenly it triggers a counter direction Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-9133490757459679130.post-43165350422776611952020-10-22T12:18:00.000-04:002020-10-22T12:18:00.162-04:00EUR-USD Long-Term Technical Analysis 23-Oct-2020On the monthly time frame MACD signal is bullish - indicate long term uptrend. Currently sitting at the top band of the Bollinger indicator it tries to make a correction. While on the weekly time frame MACD is almost diving down - indicates bearish on the correction. The contra directions of MACD on the monthly and weekly timeframe could signal fluctuation on the 4H chart but towards Unknownnoreply@blogger.com0