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Peculiarities of trading according to a popular strategy Having learnt about the Forex market and the wide opportunities it provides, a beginner trader starts searching for the Holy Grail - a strategy which will help him or her earn a stable income.  Some read and reread loads of books, some become frequent visitors of training internet resources and forums, some pay for individual training with an experienced trader, some buy trading robots... Everyone chooses their own way, but the more you search, the more you think that those who have already found the answer won’t share their findings with others....

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DXY bulls are dominating here, looks like 98,40/50 next stop with FOMC minutes later today. Bulls are hoping for less dovish rapport than what some bears expect. EURUSD was very close yesterday but bears did not reach post NFP low ( ... yet ). Look for stops under and reaction after that, don't forget it might be the case for manipulation if it's going to happen around FOMC minutes GBPUSD May new plan was enough to force weak shorts to cover but at the end of the day we were again around 1,27, UK CPI next

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Washington won’t cancel tariffs even if they could hit US growth When the US growth pace is increasing and global GDP is, on the contrary, declining, the USD index usually goes up. OECD has cut 2019 global economic growth forecast to 3.2% from 3.3%, but the US outlook has been slightly improved to 2.8% from 2.6%. This has become another argument to sell the EUR/USD. Trade wars press down global growth. It was expanding at a pace of 3.7% in 2017, in 2018, it was already at 3.5%. The US-China trade conflict hits both the participants and the rest of the world. According to the OECD, if...

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Gold price has reached short-term sell targets  USCrude – oil Oil price is rolling down from the key resistance [63.46 – 63.15]. The middle-term trend is downward. Sell target is Target Zone 2 [59.95 – 59.63]. The short-term uptrend contradicts to the middle-term downtrend. Until the zone of [62.20 – 62.04] is broken out, one might look for purchases with a target to break through the local highs. The corrective pattern is being worked out currently, the target is the test of level 62.20. Hold on sell trades, entered in Additional Zone [63.29 – 63.21], according to the yesterday’s trading...

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Hello, everybody I suggest we relax a little and go away from different trader topics for a while, from all those candlestick patterns, price swings, swaps, forex trading strategies, bulls and bears...What other clever words are there that lure you to study Forex trading? :) In general, from all this.  Surely, not only do I sometimes think about global, abstract issues. It's about something more down-to-earth than the meaning of life; for example, how significant is the influence of each of us on what is happening around. With this regard, wise people voiced beautiful thoughts like “when you pull out...

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USD/JPY bears are supported by the risks of global stock indexes correction due to trade wars The world’s large banks are still bullish on the yen, though the USDJPY has risen up from the zone of its three-month lows. Morgan Stanley and Citigroup recommend buying the yen against the US dollar, while Deutsche Bank AG recommends buying it versus the British pound and the Chinese yuan. Bank of America Merrill Lynch expects the Japanese currency to rise against the euro. At initial stages of trade wars, investors preferred the greenback, but they are now lured to other safe-haven assets due...

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DXY looks good while above  97,70/80. Looks like bulls may want to restest 98,30/ 98,50 next. 97 as key support/demand expected. EURUSD bears are targeting ( at least ) post-NFP low, 1,10 as a key psychological level... EU election next USDJPY strong bulls/bears fight around key 110 level. USA China trade tensions, now USA Iran ...all of these suggest risk off setup but is not that too obvious?

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Gold found a temporary support at 1275.0 USCrude – oil Oil is retesting the strong middle-term resistance [63.46 – 63.15]. Unless it is broken out, the middle-term downtrend will continue, and the May’s low will be broken through again. If the price consolidates above the zone at two US sessions, it will be relevant to buy with a target at Target Zone 2 [66.61 – 66.30]. Yesterday, the trade opened with a gap that was covered later. Additional Zone [62.99 – 62.91] was also broken out yesterday. Although the price has been pulled back above AZ, I wouldn’t recommend looking...

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Trade wars support U.S. status as the world’s top economy China wanted to surpass the United States, but Donald Trump has prevented this. This is the US president’s opinion. According to HSBC projection, with the current growth pace, China’s GDP will stand at $26 trillion in 2030, while U.S. GDP will rise to $25.2 trillion. The IMF suggests that the world’s top economies will be different in 11 years. Donald Trump doesn’t seem to be a free trader. All his protectionism is nothing else but the desire to set back the US main rivals. As soon as he settles the...

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Forecast for BTCUSD, ETHUSD, LTCUSD, EOSUSD Wave analysis for BTCUSD The market continues moving in the long-term descending zigzag B, with a corrective linking wave [X] forming inside. After this wave is complete, the market is highly likely to continue declining in the bearish zigzag [Z] of B. Let us see the market structure in the H4 timeframe to clarify the assumption. The corrective wave [X] is taking the shape of a plain upward zigzag АВС that consists of three parts. After the converging horizontal triangle B had been complete, the market started rising in the impulse wave C that...

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