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EUR USD forecast

Weekly outlook for the most popular FX pair, the EURUSD. Analysis with the key events for the week ahead, and possible trading ideas.
7 EUR USD Forecast Nov...
4 days ago

GBP USD forecast

Weekly outlook for the GBPUSD pair. Analysis with the key events for the week ahead, and possible trading ideas.
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27 days ago

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10 days ago

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4 days ago
Topic:
EUR USD Forecast Nov. 29th To Dec. 3rd

John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
Topic: EUR USD Forecast Nov. 29th To Dec. 3rd
EUR USD Weekly Analysis Nov. 29th to Dec. 3rd

After a long a strong move that saw the greenback strengthen across the board and pushed the exchange rate of the common currency to prices of 1.12 and slightly below; the Euro has finally made a strong come back all along Friday, forming a textbook bullish engulfing pattern on increasing volume (as seen in the 1D chart) that retraced the entire week’s losses, to finally close forming a weekly hammer (see the 1W chart).

Technically, this is a clear and strong bull signal; however… the main reason for this USD retracement across the board is the growing concern on the new Covid-19 variant, originated in South Africa and called “omicron” by the international medical community. This news is quite recent and is currently developing, constant observation will be needed throughout the weekend and the following days, as new developments on this subject could severely influence trading activity during next week.

EUR USD Forecast Nov. 29th to Dec. 3rd

The previous daily channel and the weekly support level are still far from sight, so there is plenty of room for a push-up. If the current trend continues after the recent reversal, EUR/USD could revisit the 1.15 level, where the previous weekly support could act as resistance. Further price activity will have to be observed from there on to determine a potential weekly reversal.

Although this reversal is quite likely to occur, next week’s movements will be closely tied to any news developments on the Covid-19 omicron variant. Such news can occur at any time of the day, so trade wisely, stay safe and review your positions often.
10 days ago
Topic:
Can I Trade Cryptocurrencies With A Forex Broker?

One Step
One Step
Posts: 1
Currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, and others are commonly traded by forex traders. However, there are only a few alternatives. The FX market, on the other hand, has a limited number of instruments. The coins can be used instead of money, but the most important is to make profit from trades. For this, a good thing would be to download metatrader 4, and start making more money following the strategies, based on the analyzed information.
11 days ago
Topic:
Can I Trade Cryptocurrencies With A Forex Broker?

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: Can I Trade Cryptocurrencies With A Forex Broker?
Hi everyone. We are very excited to announce a new listing on our rebates category, for those trading cryptocurrencies CFDs.

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Find out more on our complete CryptoAltum review.
11 days ago
Topic:
EUR USD Forecast Nov. 22nd To Nov. 26th

John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
Topic: EUR USD Forecast Nov. 22nd To Nov. 26th
EUR USD Weekly Analysis Nov. 22nd to Nov. 26th

The EURUSD pair kept dropping, even further than expected, to reach the 1.13 level, and briefly even lower. The pair found strong resistance around this area, twice during the week, but strong pressure remains on the common currency, as Fed talks of upcoming rate hikes lead traders into the greenback.

The two shadows in the 4H chart lead to conclude that position traders consider any price below 1.13 to be strongly oversold and therefore a buying opportunity; however, it is not that simple for the Euro, as pressure continued throughout the week. The dragonfly from Wednesday followed by a strong bull candle on Thursday was a clear buy signal, but it was followed by serious selling at the end of the week, finally retracing a bit in the afternoon but again failing to move the price upwards, as it’s seen on the 4H shadow on Friday’s afternoon.

Such behaviour is rather uncommon, and is usually associated with surprises; Friday’s movement was probably caused by Lagarde’s comments on rate hikes “unlikely on 2022”. Even so, the Euro recovered some territory, leading to believe most market participants consider the pair to be already oversold.

EUR USD Forecast Nov. 22nd to Nov. 26th

So, what to expect? The pair is already oversold, and today’s news is most likely already priced in, so most likely some recovery is on the horizon. Uncertainty seems to remain among most participants, as seen at Friday’s afternoon when shadows on both directions were formed, indicating buyers want to keep buying and sellers still want to sell some more.

The balance is inclined in favour of the common currency, where bullish Euro news or no news at all should see some recovery, whereas only more USD bullish news would move the price further down, probably with lots of resistance as new buyers jump into the action and early sellers start to take profit. Still, the leg is not over until is over, and new buying signals are required to buy an eventual retracement. These signals were lacking during last week, we hope to see them early on the week ahead.
18 days ago
Topic:
Can I Trade Cryptocurrencies With A Forex Broker?

Boris Idra
Boris Idra
Posts: 1
When you start trading on Forex, one of your trading journey's essential parts is choosing a reliable broker.
18 days ago
Topic:
EUR USD Forecast Nov. 15th to Nov. 19th

John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
Topic: EUR USD Forecast Nov. 15th to Nov. 19th
EUR USD Weekly Analysis Nov. 15th to Nov. 19th

As we expected, the EURUSD bounced up to revisit the daily resistance line, failed to make a breakthrough and resumed its way downwards to close the week on a strong bear note, breaking old weekly support levels, while almost reaching the daily support level. On the H4 chart, we can see that the RSI is in the oversold area but has not yet shown a buy signal, and the price action has almost reached the daily resistance, but there is still some room for further down action.

EUR USD Forecast Nov. 15th to Nov. 19th

We expect a Doji candle on the weekly chart, probably moving up to around 1.1510 to 1.1520, retesting this key weekly level that has acted as support and now may become resistance. The beginning of the week could show a rather strong buy activity, as a result of the current oversold situation, but lacking news to move the price further up, traders would probably see this level as a sold opportunity, and the pair should close the week at some point around the 1.1480 area.

As mentioned before, there is still some room for further down movement before the pair retraces its steps, so the next weekly candle could have a downside component that could try to reach the 1.14 area. If so, such levels would likely be visited at the beginning of the week and could potentially be an interesting entry point for a modest long position, hoping to catch some of the eventual retracement on the main downtrend that is currently developing on the daily chart.

Trade safely, and many green pips smile
20 days ago
Topic:
TradeInfo board indicator for MT5

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: TradeInfo board indicator for MT5
On the MT4 Indicators & Strategies thread we have the excellent TradeInfo Board Indicator For MT4 and several traders using the next-gen MT5 asked us if there was an MetaTrader 5 version. Well, IceFx never coded one (as far as we know) for the MT5, but we do have one!

For those who don't know what is the TradeInfo Indicator, it's quite simply one of the best tools that allows a quick look at the account info and attached to any pair, cleverly computes several data fields on open positions: margin used, swap rates, the current DD ratio, and most importantly, the estimated profit (and loss).

It’s pretty straightforward to set up and it’s a great visual tool to help and save time, with several calculations. In case you need help to add it to your trading platform, follow our short guide “How to install MT4 custom indicators on a Windows PC”. It also works for MT5, of course.

Enjoy this awesome trading tool. Comments and suggestions are welcome 😊
20 days ago
Topic:
TradeInfo board indicator for MT4

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: TradeInfo board indicator for MT4
Today I would like to share this great trading tool for MT4 – the TradeInfo board, coded by the ex-IceFx team, now DarkmoonFx.

It’s an awesome tool that allows a quick look at the account info and attached to any pair, cleverly computes several data fields on open positions: margin used, swap rates, the current DD ratio, and most importantly, the estimated profit (and loss).

Then, it can also be set to a predefined RR ratio. Say we want to risk 2% of our equity. The tool calculates it automatically on the account equity (not the balance) and displays the suggested lot size – on the screenshot below is 0.80 lot for the EUR/USD.

It’s pretty straightforward to set up and it’s a great visual tool to help and save time, with several calculations. And together with the default MT4 iExposure indicator, we can see it works.

In case you need help to add it to your trading platform, follow our short guide “How to install MT4 custom indicators on a Windows PC”.

You will also find a .tpl file with the settings that I use (pretty much, I just pick a pair, make the chart all black, delete everything and add only the TradeInfo indicator so I don’t clutter the bar charts).

Hope you guys enjoy the utility of this tool, comments and suggestions are appreciated 😊
20 days ago
Topic:
How to install MT4 custom indicators Windows PC?

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: How to install MT4 custom indicators Windows PC?
This question bothers a lot of novice traders, so, I will try to explain it as short as possible and straight to the point. So, you just downloaded a custom indicator to your desktop and now want to add it to the MT4. Let’s do it in 3 easy steps:

  • On a Windows PC, open File Explorer. Make sure the drop-down menu is visible, then click “View” and tick the “Hidden Items” box. Then click the PC folder.


  • Find the “Users” folder, click it. Select the folder with the PC’s user’s name. Now there’s a new folder in faded yellow, the “AppData” folder. Click to open it. Then click the “Roaming” folder. Scroll down to the “MetaQuotes” folder and click it. Then click the “Terminal” folder. Select your broker’s folder (a long string of numbers and letters) and click it. Then click the “MQL4” folder and finally the “Indicators” folder.


  • Now, drag and drop the custom indicator from the desktop to the folder. That’s it. Restart the MT4 platform, and find the new indicator on the left panel. Double-click it to add to a chart.


Hope this helps, any comments or suggestions are welcome 😊
25 days ago
Topic:
EUR USD Forecast Nov. 8th To Nov. 12th

John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
Topic: EUR USD Forecast Nov. 8th To Nov. 12th
Hi traders, and we are back with everyone's favorite pair this week.

The EURUSD maintains its daily downtrend intact but keeps bouncing back from the 1.1520 level, where all supports converge. Without clear signals in either direction, we expect the pair to continue trading inside its channel, consolidating a downside triangle where there is still some space for one more bounce against the daily downtrend resistance.

We expect most price action to occur inside the orange square shown in the Daily chart below; however, the pair will eventually have to break in either direction, giving us further clues on how the major trend will continue to develop. Major economic news from either the US or the Eurozone will most likely be needed to trigger a breakthrough in either direction; until that time, the space for speculation and price action keeps narrowing.

Based on the current daily and weekly trends, any level between 1.16 and 1.162 would be a decent entry point for a short position, although we don’t expect it to go a lot further below the 1.1540 level.

A close above the previous resistance point at 1.167, however, would be indicative of closing any short positions on the pair, as it would mean the end of the current daily downtrend and a possible rebound on the weekly chart that could, with enough time, send prices back to retest the 1.1880 area that worked as resistance at the beginning of September.

Such breakthroughs would probably see a correction around the 1.1770 area. This is better observed in the Weekly chart below.
27 days ago
Topic:
Why is Shiba inu price down?

stuuuped
stuuuped
Posts: 2
Thank you very much sir. Yes I hope for market go up. ☝ 🚀🚀🚀
27 days ago
Topic:
Why is Shiba inu price down?

John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
Topic: Why is Shiba inu price down?
Hi there. This price correction of the SHIB/USD was pre-announced. Just remember that no market can climb in a straight line forever (or drop in a straight line). The pair went up on October 24th, breaking the resistance level of 0.000036 (now a support level) like an arrow, and for the following 3 days went up, making an ATH at 0.000088.

Of course, the correction was imminent. If we look at the extremely overbought market and divergence in the price before the correction, we can see that profit-taking was about to happen.

Now, it's normal for cryptos to make huge drops (and bounces) due to their volatile nature, and a correction to about 50% (and even 61.8% is normal) which is the area between 0.000056 and 0.000043, can be considered normal for a crypto market.

So, to answer your question directly "Why is SHIBUSD price down?", it is down because the market is correcting. Let's see now if it bounces back up and sustains enough momentum for another push to the resistance level between 0.000088 and 0.000073. Good luck smile
27 days ago
Topic:
Why is Shiba inu price down?

stuuuped
stuuuped
Posts: 2
Hello, I am a novice trader and love the world of cryptocurrencies. After all the party done with the shiba inu currency I decided to take advantage and buy this stuff thinking about a profit. But since I bought it (a few thousand euros) the price does not go up and down only.

Why is the price of shiba inu going down? Help!
Sorry, English is not my native language.
27 days ago
Topic:
Can I Trade Cryptocurrencies With A Forex Broker?

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: Can I Trade Cryptocurrencies With A Forex Broker?
This is a common question that we receive from our users. Yes, it is possible to trade cryptocurrencies with a forex broker - if the broker has it.

Contrarily to trading cryptos via an exchange (like Binance, Kraken, CMC, etc), where traders need a wallet and to own the assets, a forex broker offers crypto CFDs. A CFD (Contract for Difference) is a financial instrument allowing investors to buy and sell the price of an asset, without owning it. Thus, crypto CFDs trading does not require a wallet for holding the cryptos, and investors are free to close the trading position at any time.

Forex brokers with crypto CFDs also allow short-selling, thus, when there is some negative news impacting the BTC price, for example, traders can make money by selling the BTC price. And the best thing is, contrarily to some crypto exchanges, forex brokers with crypto CFDs are highly regulated and supervised by financial authorities to offer the trading of this asset.

We have a complete guide with the Best Cryptocurrencies Brokers that could interest you.
Plus, did you know that you can also earn cashback rebates with your crypto trading with one of our selected brokers?
27 days ago
Topic:
Simple Stochs & OsMA MT4 Trading Strategy

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: Simple Stochs & OsMA MT4 Trading Strategy
Hello everyone, the weekend is fast approaching and it's time to relax after such an intense week with everything USD (including the SP500) going up.

I would like to share my MT4 trading strategy; it's very simple, doesn't need any custom indicators, and the best thing is, it's also pretty easy to set up on MT4 mobile. This strategy follows the asset trend and price action and only uses 2 indicators, one for trend (Stochs) and one to get an entry signal (OsMA). It can be used with anything, Bitcoin, Shiba Inu, EURUSD, GBPUSD, Apple, NIO, etc.

Simple as it can be if the Stochs MAIN line is above the SIGNAL line, the trend is up. The opposite for a bearish trend. Then we check with the OsMA to see when the histogram reverses, and enter the market accordingly, with an SL at the previous bar low's. TP, I prefer to use bar close, then look for another instrument to trade. It's easier to see on the image below, EURUSD H4 chart, greens are buy entries, reds are sell entries.

To set up on mobile use Stochs %K period 24, Slowing 1, %D period 168, Price Low/High, MA Method Exponential. Give it whatever colours work best for you. The OsMA (Moving Average of Oscillator) is set to Fast EMA 10, Slow MA 18, MACD SMA 7, Apply to Median Price (HL/2).

At the bottom there's the .tpl file with the template, just apply it to any chart you want on your MetaTrader 4. Comments are most welcome (and questions) and if you would like, share your strategy as well
27 days ago
Topic:
GBP USD Forecast Nov. 1st to Nov. 5th

G-lady
G-lady
Posts: 1
John Lee Rossi wrote:
GBPUSD Forecast Nov. 1st to Nov. 5th



WOW! Very nice forecast, spot on.Woo Hoo!

I did enter short this week on your recommendation. After BoE news and market crash I decided to keep the position open after reaching 1st TP 1.357. Do you think it will reach the 2rd TP 1.342? Shall I keep it open or close before next week?

Thank you Greedy Guts
11/1/2021
Topic:
MetaTrader 5 Indicators & Strategies

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: MetaTrader 5 Indicators & Strategies
Hi guys .
MT5... either you love it or you hate it. Not the best alternative to the old, tried and tested MT4. Dubbed the next-gen trading platform it has some strong points, but also so many flaws. Seeing that many of us also trade with the MT5, I've created this topic so users, and traders, can share their top MT5 indicators and trading strategies with other fellow traders.

Feel free to post an illustrative image and a brief explanation how the MT5 indictor, or the strategy works
11/1/2021
Topic:
II_SupDem_MOD indicator for MT4

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: II_SupDem_MOD indicator for MT4
For traders that love trading the price action, like myself, and trade on support/resistance (or demand/supply) levels, this indicator is still unbeatable due to its accuracy. Couple it with some standard indicators to get an entry point, plus a solid MM strategy, and that's all you need.

On the zip folder you will find the indicator compiled in .ex4 format and the tpl file ready to use - enjoy it
11/1/2021
Topic:
MetaTrader 4 Indicators & Strategies

Angelus
Angelus
Administrator
moderator
Posts: 13
Angelus
Angelus
Administrator
moderator
Posts: 13
Topic: MetaTrader 4 Indicators & Strategies
Hi guys .
Seeing that MT4 is still (and will always be) the trading platform choice of many traders, I've created this topic so users, and traders, can share their top MT4 indicators and trading strategies with other fellow traders.

Feel free to post an illustrative image and a brief explanation how the strategy works - welcome all
11/1/2021
Topic:
GBP USD Forecast Nov. 1st to Nov. 5th

John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
John Lee Rossi
John Lee Rossi
Administrator
Fundamental & Technical Research
Posts: 12
Topic: GBP USD Forecast Nov. 1st to Nov. 5th
GBPUSD Forecast Nov. 1st to Nov. 5th

If you followed our EURUSD analysis on the other thread, we have decided to leave EURUSD aside for the time being until price action shows how the current trend evolves and will focus on the GBPUSD this week, with a solid technical signal down, shown on Friday afternoon as depicted in the chart at the bottom.

The daily chart on Cable shows a clear downtrend with numerous support and resistance levels already established. The sharp USD movement on Friday afternoon led the pair to close below its 21 EMA, indicating further movement to the downside.

The eventual leg down could get corrected around the 1.358 area, near the previous consolidation support on the upwards leg and the second support on the main trend. The logical stop loss would be located at the 1.3840 area, where the pair has shown resistance and consolidation for several days.

The pair should eventually revisit the third support point at around 1.3420; however, consolidation in the area between this point and 1.3570 without clearly reaching the previous low could lead to a reversal. Revisiting the previous low will likely take more than 1 week; we will monitor how this trade develops and share our findings with you.

Always remember to trade with low leverage and use proper risk management strategies.