ChangGoh's Posts | Myfxbook

AUDUSD,CHFJPY,USDJPY,EURJPY,EURGBP,EURUSD,GBPUSD in Experienced Traders May 02, 2017 at 12:53

The AUD/USD pair maintained its bid tone for the second directly consultation, albeit remained capped under the very critical 200-day SMA publish- RBA decision. currently trading round 0.7520-56 region, the pair had a muted reaction to RBA statement to hold its key benchmark interest prices steady, at traditionally low stage of 1.5%, quoting.Technical levels to watchA follow through momentum has the potential to lift the pair further towards 50-day SMA hurdle near 0.7590 region, above which a fresh bout of short-covering seems to pave way for continuation of the pair's recovery move furthe...

Gold in Experienced Traders May 01, 2017 at 06:57

5 REASONS PRICE OF GOLD MAY RISE IN 2017The gold market observes a steady charge rise in recent years. Clearly, factors affecting the price of gold involve the basics of aesthetic and precautionary gold demand.The gold market price has dramatically accelerated during the last decade; the gold price has made this yellow metal an attractive trading asset. The demand for gold has especially increased in the Asian countries such as Malaysia, Singapore, China, Hong-Kong etc.Reference: https://uaefinancialmarket.blogspot.com/2017/04/5-reasons-price-of-gold-may-rise-in-2017.htmlhttp://www.myfxbook.co...

AUDUSD having most interesting Short Trade setups with 1:5 R in Experienced Traders Apr 28, 2017 at 11:11

AUD/USD remains flat lined around 0.7470 following the Aussie PPI release.The uptick in the annualised figures indicates CPI inflation may choose up tempo in advance, however, the AUD is in no mood to strengthen. Furthermore, the data released earlier this week showed a drop within the Australia headline cocumer price inflation in the first zone.With treasury yields going nowhere, there may be little incentive for traders to boost the American greenback. However, things may change later if the US preliminary Q1 GDP betters estimates.Technical Levels to watch:A break below 0.7455 (Apr 26 low) w...

EUR/USD in Experienced Traders Apr 28, 2017 at 11:11

The EUR/USD pair observed support again near 1.0855 region, and tried a minor-bounce from there in a bid to regain 1.0875 amid waning US dollar demand for across the board.The dollar came beneath fresh selling pressure against maximum of its major peers, following headlines from American President Trump on North in addition to on South Korea. Additionally, reports of US house delaying the Trumpcare bill again till next week weighed down at the sentiment across the greenback, lifting the EUR/USD pair.However, the bulls lack momentum, despite persisting risk-off moods, as a dovish tone maintaine...

USD/JPY in Experienced Traders Apr 28, 2017 at 11:10

The JPY bulls maintain following a slew of blended Japanese monetary information released last hour, fuelling fresh supply in USD/JPY, in an attempt to cap the restoration once again near 111.35 levels.The spot caught a fresh bid tone last hour, in reaction to the extension of wide USD, with the USD index now breaking higher above 99 handle. Markets appeared beyond yesterday’s downbeat US dataflow, as awareness shifts towards the much-awaited US increase Q1 GDP document and revised customer sentiment records, so as to wrap up an eventful week.Technical Levels to watch:A break above 111....

GBP/USD daily outlook in Experienced Traders Apr 28, 2017 at 11:10

It’s been a irritating 1-1/2 month for GBP/USD bears because the pair keeps strengthening regardless of weak economic facts, Brexit uncertainty and May’s call for UK snap elections.The preliminary UK GDP release could turn out to be a non-event for the markets, unless the number prints way under the estimates. The UK Q1 growth rate is visible slowing to 0.4% q/q from the preceding zone’s 0.7% reading.A weaker-than-expected determines could yield a technical pull again, given the overbought conditions at the intraday charts. Strong support at 1.26 might be positioned to test o...

USD/JPY in Experienced Traders Apr 26, 2017 at 07:47

The bulls take a breath after 2-week tops of 111.39, triggering a minor-retreat in USD/JPY returned toward 111.15 region.At the time of writing, USD/JPY is trading at 111.34, up +0.23% on the day, having posted a daily high at 111.43 and low at 110.97. Despite frequent risky market surroundings, the USD/JPY pair deflated from the highest levels in 2-weeks, because the tepid-recovery in the US dollar towards its important peers from 5-month troughs misplaced legs in advance on the day.TECHNICAL LEVELS TO WATCH:A braek above 111.39 (2-week high) could expose 111.50/61 (psychological degrees/50-D...

AUDUSD having most interesting Short Trade setups with 1:5 R in Experienced Traders Apr 25, 2017 at 10:27

The AUD/USD pair failed to take on the overnight recovery mode beyond 0.7570 levels, now pushing the rates lower towards the mid-point of 0.75 handle.The spot trades largely subdued so far this session, in absence of fresh fundamentals drivers amid holiday-thinned markets, as the Australian traders are away on a National holiday – ANZAC Day.AUD/USD Technical LevelsAt 0.7559, the immediate support is located at 0.7547/43 (20 & 200-DMA). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7470/69 (intermittent support) and below that 0.7446 (Jan 13 low). On...

USDCAD in Experienced Traders Apr 25, 2017 at 10:27

The US dollar paused its bullish run against its Canadian counterpart over the last hours, sending USD/CAD in a phase of upside consolidations near four-month highs reached at 1.3560.The spot rallied hard in Asia, after the bulls found renewed bids near 1.35 heads in the overnight trades. The Canadian dollar witnessed aggressive selling amid reports that the Trump administration plans to impose 20% tariff on soft lumber imports from Canada.USD/CAD Technical levels Analysts at Brown Brothers Harriman offered their technical outlook, “The technical indicators point to additi...

GBP/USD daily outlook in Experienced Traders Apr 25, 2017 at 10:26

GBP/USD:The GBP/USD pair prolonged its consolidative price action and is currently placed closer to the lower band of its five-day old trading range, near 1.2775 levels. The pair traded with mild bearish bias for the third consecutive session and continued with its struggle to build on previous week's strong up-surge led by the UK PM Theresa May's announcement to call for a snap election on June 8th.GBP/USD Technical Levels:On a sustained break below 1.2775-70 support, leading to a subsequent break below mid-1.2700s, would turn the pair vulnerable to aim back towards 1.2710-1.2700 supp...

USD/JPY in Experienced Traders Apr 25, 2017 at 10:26

The bulls made a solid comeback in mid-Asia, lifting the USD/JPY pair from near 109.60 region to now inch closer towards 200-DMA located at 110.26.The USD/JPY pair took a sharp U-turn after risk appetite got a further boost from a renewed buying wave caught by the Japanese stocks, while broad based US dollar buying also helped the rate to take-off beyond 110 levels.The USD index rises +0.15% to flirt with session tops reached at 99.10, while the Nikkei 225 index rallies 1% to 19,061, extending the previous rebound.USD/JPY Technical levels A break above 110.50/55 (psychological ...

EUR/USD in Experienced Traders Apr 25, 2017 at 10:26

A calm has spread across the EUR markets on Tuesday, as the bulls continue to consolidate yesterday’s massive rally, keeping EUR/USD largely flat-lined in the familiar range near 1.0865/70 region.EUR/USD Technical Levels:Technical resistances for the pair are aligned at 1.0900/20 (round number/ multi-month tops), 1.0946/50 (Fib R2/ psychological levels) and finally 1.1000 (key resistance). On the flip side, the spot finds next support at 1.0811 (5-DMA), a break below that level could open the door to 1.0757 (classic S2/ Fib S3) and 1.0736 (10-DMA).Trend Index: Bearish

EUR/USD in New Traders Apr 24, 2017 at 12:12

The upside momentum in EUR/USD stays unchanged so far today, currently gravitating around 1.0870 in the wake of the IFO figures in Germany.

Crude in Experienced Traders Apr 24, 2017 at 07:07

WTI spot has rallied at 0.5% this morning, partially unwinding Friday’s 2% sell-off in both it and Brent. A Macron victory in France has reduced uncertainty, but an OPEC/non-OPEC working group recommending an extension to the production cut deal has probably had the greater influence.The reality is though that the world is awash in oil, and the Baker-Hugh’s Rig Count’s mandatory rise on Friday for the 14th consecutive week shows that U.S. shale isn’t going away at these levels. Barring supply disruptions or geopolitical events, and with shale producers still heavy futur...

Gold in Experienced Traders Apr 24, 2017 at 07:06

Asia’s open saw gold drop $20 on safe haven liquidation, following Macron’s win in the 1st round French presidential voting. Gold traded as low as 1265.50 from a 1284 close before rallying back to the 1272 level.With geopolitical uncertainty now subsiding globally, at a rate of knots for now, the way lies clear for a possible deeper correction in gold after multiple failures in the 1285/1295 region. Barring a massive surprise from Ms Le Pen in the 2nd round, the intricacies of the French presidency and legislature elections will fade from meaningfully affecting the price of preciou...

Crude in Experienced Traders Apr 23, 2017 at 07:13

Analysis For 24th April 2017:The WTI Crude Oil market fell significantly during the session on Friday, cracking below the $50 level. If we can continue lower, and break below the bottom of the daily range, oil markets could find themselves dropping somewhat significantly. Ultimately, this market looks as if it is going to continue dropping, and because of that bearish. There’s a lot of noise near the $47.50 level, so not necessarily that were going to break down drastically. Rallies this point in time should be selling opportunities, and with that being the case it’s only a matter ...

Gold in Experienced Traders Apr 23, 2017 at 07:08

Analysis For 24th April 2017:Gold prices broke out and are forming a bull flag pattern ahead of Sunday’s Presidential Election. The moved toward safe-haven assets continue to drive gold prices higher. It appears that the elections are a binary event that will drive prices. If Le Pen performs better than expected, gold will likely benefit. Support is seen near the 10-day moving average at 1,280. Resistance is seen near the November 8, US Election Day highs at 1,337. Momentum has turned neutral as the MACD (moving average convergence divergence) index prints near the zero-index level with ...

Shorting the GBP/USD in New Traders Apr 20, 2017 at 08:57

After yesterday, the pound made a modest retreat in the market on Thursday. It preserved key technical levels that broke during Wednesday’s rally. The GBP/USD pair failed several attempts to regain 1.28 handle in early Asia, and now wavers in an almost 20-pips trading range, as persistent US dollar strength across the board keeps the prices in check.However, the spot manages to find some support from risk-on trades amid positive Asian stocks and oil prices, which buoys the sentiment around the risk currency GBP.GBP/USD LEVELSMomentum above 1.2860 (daily high) could lift the pair above 1....

Gold in Experienced Traders Apr 20, 2017 at 08:56

Yesterday we expected bearish movement with minimum target 1271.Market move lower and bounce from 1274 zone.Current gold price is 1279, It seems bearish bias is still not over and we are still expecting a more bearish move towards minimum 1271 and maximum 1263.TREND INDEXBearishAVG SELL PRICE1291.00AVG BUY PRICE1248.00

Shorting the GBP/USD in New Traders Apr 19, 2017 at 07:53

A quiet and eventless Asian session was witnessed today, as dust settled over a volatile Tuesday led by extensive GBP flash rally. Cable corrected further away from six-month tops reached in a flash to 1.2912, now look to test the downside support at 1.2800 levels.The GBP/USD pair had the best performance in three months. It broke two key medium-term resistance levels. For live forex updates, visit http://www.mmfsolutions.sg

EURUSD	1.04757	GBPUSD	1.25897	AUDUSD	0.65106
USDJPY	154.466	USDCAD	1.39704	USDCHF	0.88662

Posts by ChangGoh