Forex Weekly Analysis Report - Currency Review, Market News, Forecast and Outlook, Strategy, US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New All major pairs, some trade ideas and other markets including BTC GOLD & STOCKS May 04, · The market failed to sustain Nasdaq index’s movement above the 14, level as it has been restricted by the resistance level and holds the support level at 13,, the Nasdaq index making a sideway formation. Amazon, Facebook, Apple, and Google have completed their positive earnings report, which is reflected in the Nasdaq index’s chart
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Economic news are generally skewed by the fact that they do not always factor in some main data as sometimes forex weekly preview post countries wanted to show that they are doing well in good times and alright during bad times which is linked to political factors. Normally when news is released, everyone will have the same idea of the markets thus creating a herd mentality.
Since everyone is talking about buying, the tendency will be might as well join in for a ride to make a killing. But those who knew what was going on chose to stick to what they always believe in and that is what the chart is telling them. A well informed trader will use long term fundamentals together with trends spotted with technical to establish a trade bias. Short term news such as non-farm payrolls NFP often may develop knee jerk reactions in the market, creating false signals that mislead traders that there is a change in the market sentiment, forex weekly preview post.
It is only after when the dust settles that one can see the trend which the market is heading. Having only forex fundamental analysis do not provide a whole picture to your trading decision, it is always advisable to combine with technical analysis to aid in your decision making.
If you are unsure about how news can affect your trades, always look to avoid trading during high profile news release and wait till a few days while still observing the movement of the markets before you decide it is comfortable to trade again.
Skip to content There are basically two forms of analysis that traders divide themselves between: the fundamental and the technical. Though both forms of analysis are great in their own ways, they have their problem with them. Fundamental analysis mainly focuses on the overall state of the economy, interest rates, forex weekly preview post, monetary policies which are basically the economic conditions of a country.
It is always great to know how the markets move and the economics of the world as it greatly affects financial markets but solely depending on fundamental analysis to trading the market such as forex will be disastrous.
By the time you receive economic news, forex weekly preview post, there are other people beforehand who knew this piece of news acted on it and the result will have been reflected on forex weekly preview post charts.
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2 days ago · Weekly Preview: Earnings to Watch This Week (BB, FDX, NKE) Jun 20, Weekly Preview: Earnings to Watch This Week (MU, WBA) 1 day ago Pre-Market Earnings Report for June 22, PLUG, KFY Jun Forex Weekly Analysis Report - Currency Review, Market News, Forecast and Outlook, Strategy, US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New There are basically two forms of analysis that traders divide themselves between: the fundamental and the technical. Though both forms of analysis are great in their own ways, they have their problem with them. In this article, i’ll be focusing on the problem with forex fundamental blogger.comental analysis mainly focuses on the overall state of Home Read More»
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