GBP/JPY Performed a Double Bottom After MACD Divergence

[The5ersTF]

Weekly trade idea on EUR/USD Week: 25-29.01.2021​

Key event: USD. Interest Rate​

The interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading to the previous month.

835×26​

Until release day, we expect a continuation of the actual Bullish trend. A positive surprising data value could reverse the actual trend direction.

Key Levels:​

• Resistance 1.2300
• Support 1.2070, 1.2000

Trend EUR/USD​

Bullish

Price reacted to 1.2300 key resistance level and it is ranging now between 1.2070 and 1.2300.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.




EUR_USD (2)1058×401 19.2 KB

 

[The5ersTF]

Weekly Trade Idea for EUR/USD
Week: 1-5.02.2021
Key event: USD. Non-Farm Payroll

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.

We expect a higher reading than the previous month.

886×43​

Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive surprising release for the USD to really strengthen against other currencies.

Key Levels:​

• Resistance 1.2300, 1.2400
• Support 1.2070, 1.2000

Trend EUR/USD:

Bullish/Neutral

Price is ranging between 1.2300 and 1.2070. Last week, the price closed near support with a rejection of them.

Call to Action/Trade Idea

We will look for any opportunity to join the bullish trend. We might see a retracement to 1.2000 support levels. From there we will look for buying opportunities.

 

[The5ersTF]

Risk management Webinar. The least spoken ingredient for trading success

Gil Ben Hur presents the correct risk management when trading. The least spoken ingredient for trading success.

 

[The5ersTF]

Weekly Trade Idea on GBP/USD​

Week: 8-12.02.2021​

Key event: GBP. Gross Domestic Product​

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.

We expect a similar reading to the previous month.

880×37​

We do not expect this announcement to be relevant for the behavior of the GBP against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.

Key Levels:​

• Resistance 1.3750
• Support 1.3620, 1.3480

Trend GBP/USD:​

Bullish

Price closed last week at resistance, after an aggressive rejection of support and creating a very clear demand area visible on the 1h timeframe.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend. We might see a breakout of actual resistance or a pullback to the last formed demand zone.


gbpusdidea1765×740 54.8 KB

 

[The5ersTF]

Weekly trade idea on GBP/USD​

Week: 15-19.02.2021​

Key event: GBP. PMI​

Indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

We expect a similar reading to the previous month.

845×28​

We do not expect this announcement to be relevant for the behavior of the GBP against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.

Key Levels:​

• Resistance 1.3900, 1.3950
• Support 1.3750

Trend GBP/USD:​

Bullish

Price broke last week the 1.3750 resistance and closed with an important bullish candle. It is heading now towards the next resistance levels.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend with a target on the next resistance levels. The previous resistance level is now important support.

 

[The5ersTF]

Weekly trade Idea on NZD/USD

Week: 22-26.02.2021​

Key event: NZD. Interest Rate Decision​

RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

We expect a similar reading to the previous lecture.

https://lh3.googleusercontent.com/W...B6tz-saTaemiBBgbqEGj35tYf5f9LT5tKghd4hf0sbPN6​

We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.

Key Levels:​

• Resistance 0.7320, 0.7400.
• Support 0.7150, 0.7000

Trend NZD/USD:​

Bullish

Price broke last week a tight indecision range and closed on the upper ranges close to a resistance level.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend with a target on next resistance levels. Previous resistance level is now an important support.


nzdusdideattrade1824×825 127 KB

 

[The5ersTF]

Why Taking a Loss is the Most Difficult Thing to Do in Trading

Taking a loss in the trading is no fun. How can traders take their losses in their stride without it affecting them emotionally and psychologically.

If traders can understand why it is so very difficult to take a loss in our profession, rather than to take a loss in another profession - we may be able to understand and accept it more easily.

We do not like to be wrong. Accepting that we are wrong is one of the most difficult things to do. But in trading, accepting this will save you a lot of money and it’s really the best thing you can do for yourself and your trading career.

For the full article

 

[The5ersTF]

Weekly Trade Idea for EUR/USD

Week: 1-5.03.2021

Key event: USD. Non-Farm Payroll

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.

We expect a higher reading than the previous month.

https://lh5.googleusercontent.com/x...wIOpl0jAr-fVrNL6SZM5eb1st70rcDviCZ_DdYq5uxLXu​

Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive or negative surprising release for the USD to break actual ranging levels.​

Key Levels:

• Resistance 1.2300, 1.2400
• Support 1.1950, 1.1900

Trend EUR/USD:

Neutral

Price is ranging between 1.2300 and 1.1950. Last week, the price closed with false up movement and a strong bearish movement, heading support levels. We do not expect a break of key levels before the announcement.

Call to Action/Trade Idea

Neutral markets provide the opportunity to trade both long and short. We will look to buy near supports and to sell near resistance after a price action confirmation.

 

[The5ersTF]

An advanced risk allocation webinar for forex traders with Saul Lokier

We all know the Clichés of Risk Management. We won't cover that. We are going deeper into Advanced Risk Allocation.

 

[The5ersTF]

Weekly analysis for USD/CAD

Week: 08-12.03.2021

Key event: CAD. Interest Rate

Interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading than the previous month.

​

We see a slowing momentum on the actual trend. A negative surprising data value could reverse actual trend direction.​

Key Levels:​

• Resistance 1.3000
• Support 1.2500

Trend USD/CAD:

Bearish/Neutral

Price is reacting to old demand levels. Price closed last week with a bearish pin bar. We see both bullish and bearish signals.

Call to Action/Trade Idea

We will look to sell near resistance after a confirmation signal. We will look to buy near supports after a confirmation pattern. Only a surprise on data release could lead to a break of the key support.

If you want to see more ideas check out our page:

 

[The5ersTF]

Weekly trade Idea on USD/CHF

Week: 15-19.03.2021​

Key event: USD. Interest Rate Decision​

A rate hike tends to boost the local currency, as it is understood as a sign of a healthy inflation. A rate cut, on the other hand, is seen as a sign of economic and inflationary woes and, therefore, tends to weaken the local currency. If rates remain unchanged, attention turns to the tone of the FOMC statement, and whether the tone is hawkish, or dovish over future developments of inflation.**

We expect a similar reading to the previous month.

​

Until release day, we expect a continuation of the actual trend. A surprising data value could reverse the actual trend direction.​

Key Levels:​

• Resistance 0.9460**
• Support 0.9200, 0.9090, 0.9020**

Trend USD/CHF:​

Bullish

Price has surged and forming HH and HL, which could be the start of a new uptrend. It has formed new demand levels visible on lower Time Frames.

Call to Action/Trade Idea​

We will look to buy near supports and demand zones, with targets on resistance 0.9460.

 

[The5ersTF]

Weekly trade idea for EUR/USD
Week: 22-26.03.2021

Key event: USD. Fed´s Chair Powell testifies​

Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy.

During this week, there will be three speeches. On Monday, Tuesday and Wednesday.

​

These speeches tend to increase the volatility in the markets and may cause a breakout of key levels in price.

Key Levels:​

• Resistance 1.1989, 1.2180
• Support 1.18400, 1.1755

Trend EUR/USD:​

Neutral

Price is ranging between 1.1989 and 1.1840. Last week, the price closed with a false breakout down.

Call to Action/Trade Idea​

We will look to trade the breakout of the actual range, very likely near or during one of the speeches.

 

[The5ersTF]

Commodities Behind the Scenes - Understand the price movement in the mid-term and long-term view.

Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market, and what strategy could be used to trade them.

Where the commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold

 

[The5ersTF]

Weekly trade Idea for USD/CAD

Week: 5-9.04.2021

Key event: CAD. Employment Rate

Measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.

We expect a significantly lower reading than the previous month.

​

Until release day, we can expect a weakening of the Canadian dollar against other currencies. On Friday (releasing day), a surprising value could affect actual trends and cause possible breakouts of key levels.

Key Levels:​

• Resistance 1.2630, 1.2750, 1.2900
• Support 1.2400, 1.2250

Trend USD/CAD:

Bearish

Price has been respecting a down channel, reacting to horizontal and diagonal resistance. This scenario may change with fundamental announcements.

Call to Action/Trade Idea

Until Friday we will look for buying opportunities near support. A breakout of the bearish channel will provide us opportunities to buy on retracements.

 

[The5ersTF]

Weekly trade idea on NZD/USD​

Week: 12-16.04.2021​

Key event: NZD. Interest Rate Decision​

RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

We expect a similar reading to the previous lecture.

​

We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.

Key Levels:​

• Resistance 0.7100, 0.7000, 0.7450
• Support 0.6800

Trend NZD/USD:​

Bearish/Neutral

Price broke down two weeks ago the 0.7100 support level, turning it into key resistance. Price has formed a lower low; now a lower high would confirm a trend reversal.

Call to Action/Trade Idea​

We will look to sell near resistance levels. The previous support levels are now important resistances.