Nasdaq Index Sell Opportunity

Indices such as Nasdaq, German 30 and US30 are currently the best indices that one can trade, which highly respect trade setups most especially trend analysis and breakouts, last week we made good money trading Nasdaq and had also seen a number of traders flipping their accounts on the Nasdaq buys that happened from Thursday and this week we expect a slight push up towards the order block on Nasdaq.

In the past week Nasdaq has been in a bearish run until Thursday where it was able to make a strong push to the upside after finding support on the trendline, the market is currently on its way towards the order block which is at the same level as the Optimal Trade Entry (OTE) zone which will give sellers a very strong advantage as the smart money is planning to open strong sell levels on the marked level.

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Forex Trading as a career, what things to avoid?

Forex seems to be one of the most complicating careers in the world, but going back to reality one will agree that Forex Trading has created a number of multimillionaires who have made some serious money in Trading the markets.

The industry is one of the most profitable in the world with a daily turnover of over $5 trillion per day which means there is a lot of potential in the market as money is made. Trading was once only restricted to a few in the past as it was extremely expensive to such that it cost a beginner a minimum of $100 000 to be able to trade the financial markets. at this time it was very easy to trade the markets as it was institutions and private equity firms that had excess to the markets.

With such being restrictions, it was impossible for a normal trader to access the market and that changed as technology developed. Brokerage firms got involved in the markets giving normal traders access to trade the market with balances as low as $100 and some brokerage firms allow deposits of minimum $5.

with the influx of new beginner traders, the markets changed and more volatility took place making the markets to be a bit complicated for a person who is not much educated about the financial markets.

  

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GbpUsd Selling Potential at Trend Resistance

With the dollar index at the a bullish swing we are expecting to see selling pressure mounting on it rivals, last Friday we saw GbpUsd pushing up aggressively after the the Non-Farm payrolls came out negative for the dollar pushing the dollar index down towards its support levels.

Technical Setup

The Pound has pushed up aggressively last week Friday and has currently respected the resistance of the trendline which will create more selling opportunities for the GbpUsd currency pair.

We believe that this trade setup will assist you trade profitably. for questions on this analysis please let us know in the comment box below. wish you the best trading this week

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EurGbp Potential Bullish Trade Setup

The Euro and The Great Britain Pound pair has been in a bullish trending market in which we have seen prices continue pushing up in the past weeks. 

Recommended Page:  Forex Retail Sentiment

Technical Analysis

We are expecting the continuation to the upside as price has formed a Bullish Engulfing candle on the support of the Trendline which gives the market a strong support for for the bulls.

We have been holding buys from yesterday 29 April and we are planning on adding more position on this trade setup. Please use proper risk management in all your trading 

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Nonfarm Payrolls (NFP) and Trade Setups

The Nonfarm Payrolls are to be released tomorrow which will be expected to have an impact on the markets as the previous result went beyond all expectations. Last month we saw the dollar gaining strength and recovering from poor performance of the US economy caused by the effect of covid 19

USD Index

GbpCad

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Trader Nick Forex Trader shines on Youtube

 The A1 Trading team market analyst and Forex Trader Nick Syiek known as Trader Nick has been doing really great in his trading journey as he has been able to build a huge following through his teachings and live videos. 

Trader Nick Review

Trader nick Syiek has a very interesting biography which has inspired a lot of retail traders as he had built a name for himself as being a successful trader from the young age of 18 years where he began his trading career.

Trader Nick Trading Style

Nick Syiek is a Price Action swing trader whereby he trades common price swings and price action trade setups, His trading is very much similar to the Ajaxsurf trading style as he looks for possible trade setups using trendlines, candle formations and market manipulations. 

Recommended Article: Shaun Lee Powell The London Forex Trader

Trader Nick VIP Membership

Trader Nick Syiek runs a membership program whereby he teaches his students and provide signals and EMAs for a price of 500 pounds. 

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Canada Employment review

Canada has been hit hard by low employment this December and showed recovery entering into the year 2021 as economic recovery has been taking place since the beginning of the year, on the recovery Canada has been one of the quick recovery economies as it has been performing very well against the US dollar.

In January we saw a huge drop in employment as the economy of Canada saw a further 212k jobs lost from another loss of 62k jobs in December, which was affected by the second wave of the Coronavirus that had struck the country and due to a mutation of the virus which saw flights from the United Kingdom and South Africa being blocked.

A recovery is expected on Tomorrows data release for the Month of February in which Vaccines were being used on citizens to help prevent the spread of the coronavirus.

Technicals

on the technical side the Canadian dollar has been bullish against its competitors during this week and we are looking for a continued move on the bullish CAD 

UsdCad

Below is a USDCAD H4 setup, currently the pair is on a retest of the trendline before price pushes up higher above the recent highs

 

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GbpZar finds support on Trendline

The GbpZar has been slightly bearish in the recent weeks which is much likely to see a continued bearish move continue as time goes. 

Technical Setup

The GbpZar pair is currently on a trend support zone and buy entry setups have formed on the chart below which is a double bottom setup and an inside bar trade setup which shows a possible buy on the market.

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Can a Beginner Really Make Money Trading?

Trading, whether stocks, forex, commodities, indices, or crypto, is a fantastic way to make anything from a little extra pocket money to a substantial income. Despite reading success stories and seeing how well people do with online trading from the comfort of their own homes, many people are scared to get started. Beginners often look at the risks and decide not to bother, not believing that they can make money and worried about what they could lose. 

However, a beginner can make money, and even good money, trading. If it weren’t possible, most people would give up, and there’d be far fewer success stories. Here are some tips to help beginner traders make money and to minimize the risks.

Find a Trading Platform

If you think of trading and imagine a physical stock market where hundreds of men wave bits of paper about and shout at screens, chances are you are a little behind the times. While the stock market still exists in the form that you may have seen in the movies, things have moved on a little. 

Using a trading platform like MT4 means that you’ve got all of the tools and information you need to start trading from home. As you learn, you’ll be able to set up customizable interfaces and alerts. But, in the early days, it’s the one-click trading, interaction with other traders, and fantastic advice that might offer you the most benefits. 

Take the Right Advice

If you tell your friends and family that you are going to start trading, they are bound to suddenly all become experts, happy to share their advice and stories. Even those of them that have never traded so much as a football card will suddenly be filled with pearls of wisdom they are keen to impart. 

Often, the key to success as a beginner is knowing who to listen to and when to listen. It would be a mistake to think that you should go it alone or already know everything, but it would also be a mistake to listen to everyone and try to take all of their ideas on board. Find someone that you trust, and has plenty of experience with the markets that you are interested in, whether you know them in real life, or online, or don’t know them at all. And make the most of their knowledge. 

Know Your Limits

It’s all too easy to get carried away with trading, especially when things are going well. But, this can be a mistake. Know what you can afford to invest in trading, and don’t ever go over this limit. Use this information to manage your risks. Know what % you can afford to risk on every trade and within every day, and set firm rules for yourself. 

Play the Long Game

Being successful doesn’t mean making a fortune on day one. If this is what you are hoping for, you may need to adjust your expectations. Trading is a long game. You’ll need to research strategies and give each one a chance to work before trying the next. Take your time, learn from your mistakes, and continue to manage your risks. But remember, it will always be a long game, not a get rich quick scheme. 

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ChfJpy sells from Highs

 

Last week we have noticed a selloff from the Swiss yen pair after it had been selling from its highs, we saw a 400pip move down during the first days of October and currently price is on it way to retrace back down.

Below is our previous trade setup for the ChfJpy trade setup whereby price is seen moving towards our sell area after finding support at the fib 50.0 zone.

Previous Trade Setup

Currently price has respected our selling zone at OTE and we expecting to see a push down as shown on the trade setup below.

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Euro Finds Strength against the dollar

The Euro has experienced a huge sell off against the United States dollar the past weeks in which we anticipated a drop of just over 400 pips, with this drop on the Euro from its highs we are expecting the markets to begin a new trend as markets open on the last quarter of the year.

Technical Analysis

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Gold Retraces From New Highs

Gold Spot has increased strongly during the early stages of the year as many investors ran to invest in Gold as the coronavirus pandemic threatened currency. we have seen Gold breaking its highest levels of 1900 which were last reached almost a decade ago 

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Dollar Yen Recovers From Support

The Dollar Yen pair UsdJpy has shown some impressive recovery from the support zone last week as the the pair has managed to push over 150 pips since touching the support zone after the United States dollar showed improved recover from the pandemic which resulted in more investors buying the dollar.

Recommended Article: Dollar Buys After After ADP Data

Below is the previous Trade Setup of the UsdJpy Setup in which price reacted on the support zone resulting in a price surge of over 150 pips up within a period of one trading week. 

Below we have this weeks setup on The UsdJpy and we are currently bullish on the pair as the market has not reached our intended price target of 106.450 but currently on a channel support. we would be looking forward buying at the current retracement as price currently rests above the channel support marked in Pink rectangle.

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Dollar Strengthens as Trump signs executive orders

The dollar had been losing a lot of strength since the last two months as Europe has proven stronger against its competitor making the dollar lose more strength as investors were very much focused on investing their money on the Euro and on Gold.

With the flow of investors leaving the dollar as a safe heaven, the Trump Administration has signed executive orders to save the US economy from the impact of the covid-19 pandemic by offering financial benefits for american citizens and lowering taxes on small income citizens including businesses. the executive orders are as follows:

• Delay Payroll Tax Collection for those making less than $105 000
• Unemployment aid is extended to $400 a week
• Halt Evictions for Tenants 
• All student loan payments has to halted till 31 December 2020 

The executive orders has positively affected the dollar index and other currencies traded with the dollar index, the markets has formed great technical setups after the orders were released by the White House.

Technical Analysis

Dollar Index
The Dollar index has been dropping recently as shown on the setup below and the currency has shown hopes for a bullish move as the dollar index has formed a double bottom pattern formation which sets the market for a bullish markets.

NzdUsd
The Kiwi Dollar pair has shown a very good Head and shoulder pattern setup, the pair is currently forming the right shoulder before it further drops more down.

EurUsd
The Euro Dollar is below a critical resistance zone at level 1.18200, below this level we are currently looking for potential sell opportunities, the current sell target for the EurUsd we are looking at price reaching 1.14470 as a primary target.

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End of the Bullish Run for The Pound and Euro

The markets have been bullish for the Euro as we have seen positive results from European countries of dealing with the current pandemic while the Dollar struggled to find ground as cases rose rapidly when they attempted to re open the economy.

Europe Has been a struggling recently where Croatia and Bulgaria have ran to the Euro zone as a safe haven to save themselves from the current global economic crisis. this move should further cause selling on most European currency pairs and causing certain support levels to be broken on the EurUsd and on the GbpUsd.

Below we have a brief low time frame based charts on the GBPUSD and The EURUSD currency pairs.

GbpUsd

The Pound sterling has been bearish since last year when Brexit was made official in the United Kingdom. 

EurUsd

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The dollar Shows Strength in the midst of Struggling Markets

The markets have been bad with a number of huge entities filing for bankruptcy in the past months as the world has suffered a huge lose due to the coronavirus pandemic, the stock markets have taken another huge hit since the 2008 market crash and the dollar has not performed well recently and caused a decline in the currency valuation.

The past two weeks the dollar currency index has shown some remarkable recovery as the currency has shown buying momentum on its support levels which showed investor confidence on the US dollar as most of the global markets has resumed across the whole world as the lockdown restrictions have eased allowing more businesses to continue with their services.

Recommended Article: Dollar Soars As Number Of Infected Increases

Below we have a technical setup of the dollar index in which we show the previous analysis of the dollar index and the current view on the currency.

Previous Setup

Previously we anticipated a bullish move on the dollar index when the currency approached its support zone which is highlighted by the green rectangle and we expected bullish momentum to build on that zone.

Previous Setup on Dollar Index

Current Setup
These upcoming weeks we expect bullish pressure to continue building on the dollar as the economy of the united states faces recovery, the markets have shown strong bullish signals on the support area and we will be looking forward to trading the dollar on its bullish run.

We believe that this article will help improve your trading results for the upcoming weeks, please apply proper risk management in all your trading.

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EurUsd Builds Bullish Momentum

The EurUsd has has been showing some bullish momentum in the previous week as price closed on a bullish Euro, the US dollar has been the safe haven in the past Months of the corona outbreak which saw the dollar gaining a lot of strength as invested flocked to buy the US Dollar as restrictions and lockdowns increased globally. with easing on global lockdowns as the world is getting to understand more about the coronavirus pandemic and its spread.

EurUsd Technicals

The Euro dollar has found strong grounds on the 1.07750 support zone as shown on the analysis posted below, we are much likely to see price push up above 1.09800 resistance during the week.

Below we have included red arrows pointing upwards to mark the high support zones and look at the most recent two arrows we have a nice double bottom pattern setup.

We hope that this setup on the Euro Dollar will help you understand the current price action on the currency pair, you are very much welcome to share your thoughts on the comments box below.

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Oil Prices Expected to Rise

The price of the US oil has dropped significantly since the beginning of this year as the coronavirus pandemic escalated, at the other hand a heavy oil war which involved Saudi Arabia and the Russian government caused the global oil price to be unstable leading to a fall of up to 65%.

OIL price has dropped at a very huge rate in the most recent weeks and we are currently on recovery as Saudi Arabia, United States and Russia have been having talks on preventing the fall of US Oil which has given investor more confident on the recovery of oil prices.

Recommended Article: Russia–Saudi Arabia oil price war

Technical Analysis

looking on the technical the price of oil has dropped at a significant rate, currently the price of US OIL has shown recovery in which we are much likely see prices getting back to normal by end of April.

On the chart below we looking for the price of oil per barrel to close above 30.10 which will confirm a further buy on the markets, it is also possible the price might retrace back down to 25.71 where we will be much likely to see more buyers entering the markets.

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Dollar suffers as US employment drops

With lock downs been extended to more cities in the united states, the battle has become very much worse for the dollar index as the US Dollar has dropped significantly in the past weeks.

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Dollar soars as number of infected increases

The dollar has found itself selling off this week as the number of affected american citizens raises beyond expectations causing investors to sell the United States Dollar. the number of affected american citizens has rose over 50 000 this month alone and the number of deaths has reached 800, and the number of cases is continually increasing at an uncontrollable manner which has affected the US dollar significantly.

Recommended Article: Coronavirus Continues To Affect Markets

With china having reduced the number of new cases to almost zero, the united states dollar has been experiencing a lot of selling in the the markets. Below we have attached a picture of the dollar index and how it has dropped significantly in the past two weeks as the number of confirmed cases increase in USA.

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