Trading signals and online forecasts

Online trading signals with results in real time on the financial markets from professional traders


Euro/Dollar: trading forecast for the week of September 20-26, 2021
Euro/Dollar: trading forecast for the week of September 20-26, 2021 At the end of last week, the euro / dollar exchange rate fell to the support level of 1.1725. The latest US macroeconomic data showed a slight slowdown in the growth rate of inflation in August, but it continues to remain at an elevated level by historical standards.Traders expect that the US regulator will sooner or later be forced to start reducing the asset purchase program. The specific plans of the regulator may become clear as early as next Wednesday, and until that time, market participants will probably prefer not to open large positions. In the Eurozone, consumer inflation rose by 1.6% in August, and this fully coincided with the preliminary estimate. ECB Governing Council member Olli Rehn said that economic growth in the Eurozone remains strong, but still requires support from the regulator. There is no question of raising rates yet. Inflation in the euro area has strengthened recently, but the temporary effects are expected to disappear in 2022. Price growth is likely to decline again to levels below 2% in the medium term.According to the ECB representatives, with the right monetary and fiscal policy, a fairly strong recovery due to demand should lead to a return of inflation to 2% in the medium term. According to Wells Fargo analysts, in the next six months, the dollar exchange rate is likely to grow by 5% rather than decrease by a similar amount. A hawkish surprise from the Fed is much more likely than a similar surprise from the European Central Bank. This means that an increase in the rate differential between the US and Europe, and with it a strengthening of the US dollar, is more likely than a decline in the coming months. This view is based on the assumption that monetary policy and short-term rate differences are the most important factors of the currency markets at present.A 5% or more decline in the dollar is likely to require either a soft surprise from the Fed or a hawkish surprise from the ECB. Wells Fargo sees an extremely small risk that the European regulator will adopt a strategy that will significantly change the expectations of a rate change over the next six months. The Fed may refuse to tighten monetary policy if the data on inflation or employment in the US are significantly worse than expected. However, short-term rates in the US are already almost zero, which means that there is probably more room for an increase than for a decrease. This point of view may be incorrect if the foreign exchange market focuses on any other driver besides monetary policy. But even in this case, Wells Fargo doubts that any of the other factors will be able to tilt the balance of risks towards a significant fall in the dollar, rather than growth.The forecast assumes a further decline in the euro/dollar exchange rate to the levels of 1.1700, 1.1680 and ...
On Friday, euro/dollar currency pair lost more than 50 points
On Friday, euro/dollar currency pair lost more than 50 points EUR/USD fell to the level of 1.1725. The final data on consumer inflation in the Eurozone for August fully coincided with the preliminary ones. In annual terms, inflation increased by 3%. The base indicator strengthened by 1.6%. Inflation significantly exceeds the European Central Bank's target of 2%, but the regulator does not plan to tighten its monetary policy, considering the price increase a temporary phenomenon. After falling to the lowest level since 2011 in August, the indicator of consumer sentiment in the United States in early September improved moderately from 70.3 to 71 points. Analysts conclude from this that consumers are still pessimistic about the current situation. Despite the small increase, the rate is still lower than at any point during the pandemic. This remains a worrying indicator for the consumer outlook. Such a mood indicates weak spending. Retail sales in August were higher than expected, but the data mainly relate to the commodity sector and are not adjusted for price changes. Households maintain a stable financial position, taking into account the accumulated savings over the past year, but the rapid increase in consumer prices and the increase in the number of cases associated with the coronavirus will have a negative impact on spending in the short term.The forecast expects a further decline in the euro/dollar exchange rate to the levels of 1.1700, 1.1680 and ...
EUR/USD - Technical analysis of the EUR/USD currency pair as of September 17
EUR/USD - Technical analysis of the EUR/USD currency pair as of September 17 At trading in Asia on Friday, the EUR/USD currency pair is trading with a slight increase in quotations, remaining within the current support level at 1.1747 and the resistance level at 1.1847. The four-hour chart continues to develop in the area below the exponential moving averages, demonstrating the continuation of the bearish trend of this market in the short term.Moving averages with a period of 21 and 55 days continue to move down, increasing the discrepancy, which speaks in favor of further development of a bearish trend in this market in the short term.The technical picture indicates the continuation of the downtrend in this market, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fallen to the 40 line, confirming the bearish dynamics of this market in the short term.Thus, we intend to sell this trading instrument ...
Forex trading. Euro-Dollar EUR/USD forecast for today, September 17, 2021
Forex trading. Euro-Dollar EUR/USD forecast for today, September 17, 2021 On Thursday, the exchange rate of the euro/dollar currency pair fell to the level of 1.1765.The latest US macroeconomic data showed a slight slowdown in the growth rate of inflation, but it continues to remain at an elevated level by historical standards. As a result, the Fed will sooner or later be forced to start reducing the asset purchase program. Specific plans may become clear as early as next Wednesday, and until that time, investors will probably prefer not to make sudden movements. World commodity prices remain at ten-year highs, which is a strong inflationary factor. ECB Governing Council member Olli Rehn said yesterday that the economic growth of the Eurozone remains strong, but still requires support from the regulator. According to the banker, production problems caused by supply disruptions have a negative impact on the economic prospects of the region. No rate hike is expected yet, but one day it will take place. Market participants estimate the probability of a rate cut in the Eurozone as the lowest possible, and do not expect a tightening of monetary policy in the next year or two.The forecast assumes a further decline in the euro/dollar exchange rate to the levels of 1.1740, 1.1720 and ...

Articles about financial markets

Forex trading: understanding the forex market
Forex trading: understanding the forex market The foreign exchange market is better known as Forex or FX. Trading in this market has become very popular in recent years. However, this is not the case - Forex trading raises a number of questions. For example: what is the foreign exchange market? Which currency pairs are best to trade? Is currency trading risky? Some of the answers to these questions will be found in this article.What is the Forex market?The foreign exchange market is also called the Forex market or the English foreign exchange market. It is simply a market where currencies are exchanged. According to the Bank for International Settlements (BIS), the foreign exchange market is the largest market in terms of total volume, with up to USD 5 trillion traded daily. It is not a physical place, but rather an electronic network where institutions or individuals trade with each other.The left-hand currency is called the base currency and the right-hand currency is called the quote currency. The second currency indicates the value relative to 1 unit of the base currency. For instance, the formula EUR/USD = 1.4000 implies that EUR/USD trades at 1.4000, i.e., 1 Euro has a value of $1.40. The first currency is always expressed in the second currency. USD/JPY at 110.50 means that one USD is worth JPY 110.50. EUR/USDWhat are the best currency pairs to trade?The best currency pairs to trade effectively depend on your trading style. If you have a short term strategy, for example, if you like to scalp, then the major currency pairs will be most profitable for you because of the low spreads.On the other hand, for a fundamental trader, smaller currency pairs will be of interest based on long-term analysis. The most profitable currency pairs may be those involving the Australian dollar, Japanese yen or Canadian dollar.The best forex currency pairs:EUR/USD: this pair has the lowest spread and is not very volatile.GBP/USD: this pair is interesting in terms of spreads and possible gaps, but it is quite volatile.USD/JPY: this pair has low spreads and offers some interesting possibilities. GBP/USDHow to get started trading currencies online?To start trading currencies online, follow these steps:- Choose a regulated and reputable broker- Choose a broker by the quality of execution of trading instructions- Decide on the trading style that suits you best (scalping, intraday trading, swing trading - you keep your position open for several days)- Determine the appropriate leverage effect in the stock market according to your strategy and experience.- Do not invest more than you can afford to lose.- Choose an intuitive, simple and secure trading platform such as MetaTrader 4.- Try all the above steps on a demo account, before trading live.GoldIs online currency trading dangerous?Like any financial investment, currency trading online is subject to risks. However, there are different methods to control these risks:- Determine the price of the currency pair at which you want to close a position if developments are unfavourable (for example, if you buy and the price falls, or if you sell and the price rises),- Determine the size of the trade so that your potential loss should not exceed 2-3% of your capital per trade,- Estimate your risk/return ratio (loss/profit) before you open the trade. By default you should have a greater potential for profit than loss, e.g. risk 50 pips, but try to make a profit of e.g. 100 pips.For proper money management and risk reduction it is advisable to start trading on a demo account and try things out on the dirt first. Such an account will allow you to trade in real market conditions, but with fictitious capital, so that you have a complete understanding of the foreign exchange market without any ...
How to become a trader from scratch
How to become a trader from scratch Making money from price movements is the fastest way to make a profit. You can double or triple your investment in just a few minutes. This is what many people, tired of overwork or unemployment, would like to do. And so most of these people began to wonder how to become a trader from scratch, what it takes and how promising this kind of activity is. The answers to these questions are covered in the following overview.Who is a trader?To begin with, we must try to understand who a trader is. Essentially, he is a common speculator, who buys cheaper and sells dearer. To do this, he needs to have a stock of money - in today's world, this is electronic money. Also, he needs access to the quotes and assets to be traded, all these conditions are provided by numerous brokers.The trader earns money on the difference between the buy and sell price. And it does not matter whether the price is falling or rising. Anyway, with accurate analysis, he will always be in the black.Professional skills and knowledge of the traderTo have such prospects let's consider what you need to become a trader:Firstly, one needs to have a trading terminal or access to one online;Secondly, you need to understand how to evaluate the possible rise or fall of quotes. And for this you need to have your own trading strategy;Thirdly, you need to know how to manage your money. This science is called money management;Fourthly, to become a trader from scratch you have to manage your emotions and control your behavior when analyzing or opening a deal;Fifthly, you need to choose fundamental or technical analysis.But these are not all the conditions. Although they are easy to follow, you will have to develop or strengthen your existing skills and personal qualities. A trader must be stress-resistant, ready to process huge amounts of information, and make numerous calculations. They must also:Know how to use his calculations;be able to stop and rest on time;be disciplined in their analyses, keep notes, and not disregard trivialities.At the same time, a future trader should not be complacent. This work is constant professional growth. Experienced traders never stop at their achievements. They have to improve their trading systems and find brokers with more favorable conditions. And in recent years, such traders have to master automated trading, where trading experts, expert advisors, systems, and robots are used.What else a true expert in trading should possess is the ability to choose assets for trading. There are hundreds of currency pairs available for those who want to become a Forex trader.The cryptocurrency market is gaining particular interest, especially among young traders. There are already hundreds of trading instruments with different volatility and yields.There are about the same number of commodities, stocks, options, and futures. This direction will be of interest to those who wish to become a trader in the stock market.Read more: Volatility: types, how to track and how to useClassification of tradersProfitability and speed of making profit are the main criteria in classifying traders. There are such types of currency, stock, and cryptocurrency speculators:Scalper - trades in time intervals of no more than 5-15 minutes. They can open dozens of deals during a day and always have a lot of false signals, so they take as little profit as possible from each deal;Intraday trader (intraday) - works with timeframes from 15-30 minutes to 1 hour chart. He closes all his orders before the end of the trading day;Mid-term - trades for several days. As a rule, it is executed until the next weekend. Leaves deals with positions rollover to other days; analysis is conducted on H1-H4 timeframe;A trader with a long-term outlook - opens positions only on daily, weekly, and monthly charts. Its transactions can be active from 2-3 weeks to a year.You may become a trader in any of these categories, the main thing is to follow the sequence described below.The 6 steps of becoming a traderThere are only a few steps to become a trader - some of them are very simple, others will take some time. So - how to become a trader, step by step:Get training - on the basis of the chosen broker, on books of famous speculators, on third-party resources, professional webinars.To choose the broker with the necessary set of instruments, official registration, financial license, and obligatory registration at the international regulator.Develop your own trading strategy.Open a demo account, which you can use to test the broker's conditions, service quality, and testing your trading system.Open and deposit an objective real account.Make a trading plan.That's basically it. Now become a professional trader, start earning and take pride in your new profession. Having passed all these stages, in the near future you will see whether it is worth becoming a trader or not. The fact is that you can earn by investing in trading. But it is a separate topic for discussion.Amount of profit and tips for beginnersProfit depends on the size of the trading deposit, the number of opened orders, and the number of profitable deals. The trading lot size, the amount of leverage, broker's fees - all this affects the final sum of the profit. In practice, you will have to learn how to calculate all these things.Traders with experience advise not to make mistakes. For example - do not rush headlong into trading, leaving your main work. There is no need to borrow money to replenish your deposit - only use your own, even if it is small.Do not treat this activity as a game, an extra income - it is a job like any other.And now that you know everything you need to know about this job, take the first steps in mastering the profession and become a successful trader, and earn as much as you need for full financial ...
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