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Which direction of Forex analysis is the most efficient? The fans of technical analysis adopted the principle “the price takes account of everything” which they use to counteract any kind of criticism.  Why should one study the influence of fundamental factors on the currency rate if they are already reflected in Forex quotes? Why try to understand the position of central banks if the market knows what they think? If everything was that easy, any technical analyst could earn millions with no problems. In fact, different people interpret information in a different way.  What’s more, who could guarantee that the...

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USCrude –oil Oil buyers broke through Target Zone 2 [57.98 – 57.62]. If they consolidate the price above the zone, the next upside target will be Target Zone 3 [61.43 – 61.07]. In the shorter timeframe, oil price has broken out TZ 2, but it hasn’t consolidated above yet. If the US session closes the price above the zone today, the next target in the uptrend will be Gold Zone 2 [59.78 – 59.60]. For today, I suggest you continue looking for buy entries at the strong supports according to the pattern. The strong support zones are Additional Zone [58.02...

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Donald Trump wants to see more supporters of federal funds rate cut among FOMC members   As I have suggested, the EUR/USD bulls failed to consolidate above 1.14 on the first try. The euro buyers were held back by the main FOMC dove. St. Louis Federal Reserve Bank President James Bullard said he does not think the U.S. central bank needs to cut interest rates by 50 bps at its next meeting in July. He suggested that 50 basis points would be overdone. The Fed should monitor the changes in inflation expectations and the yield curve. In the recent days,...

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Forex Tester (Forex Simulator) a simple piece of software for testing strategies Forex Simulator is one of relatively simple and user friendly programs, which, after downloading quotes, allows you to test manual strategies at any historical period. The program is an MT4 application that allows you to combine its functions with the basic tools of the platform. The resulting summary report can be downloaded for analysis in several formats. Quick test option allows you to get a general idea of ​​the performance of the trading system. Extended testing gives the closest possible results to trading on a real account. In...

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Santiment Network Token: platform overview, features, earning on cryptocurrency Santiment Network Token is a platform that in the future will become the database of the entire cryptocurrency market. It will collect reviews of existing and new projects, publish analytics. Network members will be able to complement startups reviews themselves, thereby forming a database for new users. The most active will receive a reward in SAN tokens. There will also be a possibility of making forecasts that will form the "opinion of the crowd." The most accurate forecasters will also be rewarded. You will find more on what a SAN is,...

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Markets face a rare phenomenon, divergence between stock indexes and USD/JPY One of the most surprising financial events in June is the stock indexes rise. Investors are less and less confident in the US-China trade battle de-escalation after the G20 summit, the US growth is slowing down, corporate profits are getting weaker, but the S&P 500 is hitting its all-time highs. It is mostly explained by the expected easing of the Fed’s monetary policy; however, if the central bank is to cut the rates, it will be only because of a slower GDP growth and the inflation failure to reach...

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Flow related to the end of the first half of 2019, the second quarter of  2019 as well as flow related to the end of the month will dominate over the next few days. Bulls: this quarter move looks very strong and most probably been done by institutions and big investors. Ordinary investor/trader even if was trying to consider longs was a bit scared by the speed of the current move. That is the main difference compare 2017 rally. As long as we are above psychological 10k levels bulls are in a good condition and the next target is around...

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Commodity markets are bullish, oil and gold are trading up USCrude –oil Oil is trading in the middle-term uptrend. The price is currently testing the resistance Target Zone 2. Including the new margin, the zone is in the range of [57.98 – 57.62]. Until the zone is broken out, it is too early to expect the further price growth. In case of a correction, I recommend looking for buy entries at the key support to the trend. The short-term uptrend continues. Traders were testing Additional Zone [57.08 – 57.00] yesterday. They failed to break it out, therefore, it is relevant...

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Donald Trump says the Fed is like a stubborn child The major currency pair is flying up. Bulls are ignoring the drop in the German IFO Business Climate Index to 97.4 from the last month’s 97.8, the IFO statement that the German economy is depressed, and Robert Kaplan’s speech. Dallas Fed President Robert Kaplan says the uncertainty around trade wars and global growth holds the US economy back but, at this stage, it is too early to decide if the interest rates need to be cut. The bond market is confident in the federal funds rate cut at the FOMC...

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Medium-term forecast for BTCUSD, ETHUSD, LTCUSD, EOSUSD, XRPUSD Wave analysis for BTCUSD The price continues flying up, getting closer to the critical level in this scenario, the level of 11,716. There is currently forming an ascending corrective link [X] that can be fully complete soon. Let us study the structure if the last section in more detail on the H4 timeframe. It is presumed that the [X] wave is a plain upward zigzag A-B-C, whose final part is currently forming. The price is highly likely to continue growing towards level 11801 during this trading week. After this level is reached,...

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