Tag Archives: automated trading

February 25, 2020 : EUR/USD Intraday technical analysis and trade recommendations.

On December 30, a bearish ABC reversal pattern was initiated around 1.1235 (Previous Key-zone) just before another bearish movement could take place towards 1.1100 (In the meanwhile, the EURUSD pair was losing much of its bearish momentum).One more bullish pullback was executed towards 1.1175 where the depicted key-zone as well as the recently-broken uptrend were located. That’s why, quick bearish decline was executed towards 1.1100 then 1.1035 which failed to provide enough bullish SUPPORT for the EURUSD pair.Further bearish decline took place towards 1.1000 where the pair looked quite oversold around the lower limit of the depicted bearish channel where significant bullish rejection was able to push the pair back towards the nearest SUPPLY levels around 1.1080-1.1100 (confluence of supply levels (including the upper limit of the channel).Since then, the pair has been down-trending within the depicted bearish channel until last week when bearish decline went further below 1.0950 and 1.0910 (Fibonacci Expansion levels 78.6% and 100%) establishing a new low around 1.0790.Currently, the EUR/USD pair looks quite oversold after such a long bearish decline and if bullish recovery is expressed above 1.0845-1.0860, further bullish advancement would be expected towards 1.0910 then 1.0950.Intraday traders were advised to look for signs of…

Technical analysis of ETH/USD for 25/02/2020:

Crypto Industry News:Sarah John, the chief treasurer of the Bank of England (BoE), expressed opinions on digital currencies issued by the state, according to an article published by financial media. She called on other central banks to consider developing a central bank cryptocurrency in response to recent movements of private companies in the digital payments sector.John said it was “really important” to consider central banks to think of “central bank digital currencies” as “options” in response to the efforts of large technology companies to develop stablecoins.A BoE official warned that inaction could cause regulators to be forced to catch up with private companies in the digital payments arena, claiming that “it is crucial that central banks” consider whether the public or private sector would be the best to provide digital currencies in the future “.John’s statements appear a few days after Randal Quarles, chairman of the Financial Stability Board (FSB), urged G20 members to accelerate efforts to develop a regulatory apparatus for virtual currencies and Stablecoins.In a letter sent to governors of central banks and finance ministers, Quarles emphasized the speed of innovation in digital payments and the emerging stablecoin sector, deciding to “accelerate the pace of developing the necessary regulatory…

Japan Producer Price Data Due On Tuesday

Japan is on Tuesday scheduled to release January numbers for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are forecast to hold steady, higher by 2.1 percent on year. Japan also will see final December figures for its leading and coincident indexes; their previous readings were 91.6 and 94.7, respectively. The material has been provided by InstaForex Company – www.instaforex.com…

Tick Data Suite Forex

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Trader on Chart app

Trader on Chart is a Forex Trading Tool created for faster and easier trading. Software is designed for Metatrader 4 platform. With Trader on Chart software you can open trades or place pending orders easily by one-click and the software will take care of the rest. It will choose the right lot size for your positions according to… Read More »

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Emas forex trading system.

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*Canadian Wholesale Sales Rose 0.9% To C$63.9 Billion In December

Canadian Wholesale Sales Rose 0.9% To C$63.9 Billion In December The material has been provided by InstaForex Company – www.instaforex.com…