GBP/JPY Performed a Double Bottom After MACD Divergence

[The5ersTF]

Weekly trade Idea on NZD/USD

Week: 22-26.02.2021​

Key event: NZD. Interest Rate Decision​

RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

We expect a similar reading to the previous lecture.

https://lh3.googleusercontent.com/W...B6tz-saTaemiBBgbqEGj35tYf5f9LT5tKghd4hf0sbPN6​

We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.

Key Levels:​

• Resistance 0.7320, 0.7400.
• Support 0.7150, 0.7000

Trend NZD/USD:​

Bullish

Price broke last week a tight indecision range and closed on the upper ranges close to a resistance level.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend with a target on next resistance levels. Previous resistance level is now an important support.


nzdusdideattrade1824×825 127 KB

 

[The5ersTF]

Why Taking a Loss is the Most Difficult Thing to Do in Trading

Taking a loss in the trading is no fun. How can traders take their losses in their stride without it affecting them emotionally and psychologically.

If traders can understand why it is so very difficult to take a loss in our profession, rather than to take a loss in another profession - we may be able to understand and accept it more easily.

We do not like to be wrong. Accepting that we are wrong is one of the most difficult things to do. But in trading, accepting this will save you a lot of money and it’s really the best thing you can do for yourself and your trading career.

For the full article

 

[The5ersTF]

Weekly Trade Idea for EUR/USD

Week: 1-5.03.2021

Key event: USD. Non-Farm Payroll

The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank.

We expect a higher reading than the previous month.

https://lh5.googleusercontent.com/x...wIOpl0jAr-fVrNL6SZM5eb1st70rcDviCZ_DdYq5uxLXu​

Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive or negative surprising release for the USD to break actual ranging levels.​

Key Levels:

• Resistance 1.2300, 1.2400
• Support 1.1950, 1.1900

Trend EUR/USD:

Neutral

Price is ranging between 1.2300 and 1.1950. Last week, the price closed with false up movement and a strong bearish movement, heading support levels. We do not expect a break of key levels before the announcement.

Call to Action/Trade Idea

Neutral markets provide the opportunity to trade both long and short. We will look to buy near supports and to sell near resistance after a price action confirmation.

 

[The5ersTF]

An advanced risk allocation webinar for forex traders with Saul Lokier

We all know the Clichés of Risk Management. We won't cover that. We are going deeper into Advanced Risk Allocation.

 

[The5ersTF]

Weekly analysis for USD/CAD

Week: 08-12.03.2021

Key event: CAD. Interest Rate

Interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading than the previous month.

​

We see a slowing momentum on the actual trend. A negative surprising data value could reverse actual trend direction.​

Key Levels:​

• Resistance 1.3000
• Support 1.2500

Trend USD/CAD:

Bearish/Neutral

Price is reacting to old demand levels. Price closed last week with a bearish pin bar. We see both bullish and bearish signals.

Call to Action/Trade Idea

We will look to sell near resistance after a confirmation signal. We will look to buy near supports after a confirmation pattern. Only a surprise on data release could lead to a break of the key support.

If you want to see more ideas check out our page:

 

[The5ersTF]

Weekly trade Idea on USD/CHF

Week: 15-19.03.2021​

Key event: USD. Interest Rate Decision​

A rate hike tends to boost the local currency, as it is understood as a sign of a healthy inflation. A rate cut, on the other hand, is seen as a sign of economic and inflationary woes and, therefore, tends to weaken the local currency. If rates remain unchanged, attention turns to the tone of the FOMC statement, and whether the tone is hawkish, or dovish over future developments of inflation.**

We expect a similar reading to the previous month.

​

Until release day, we expect a continuation of the actual trend. A surprising data value could reverse the actual trend direction.​

Key Levels:​

• Resistance 0.9460**
• Support 0.9200, 0.9090, 0.9020**

Trend USD/CHF:​

Bullish

Price has surged and forming HH and HL, which could be the start of a new uptrend. It has formed new demand levels visible on lower Time Frames.

Call to Action/Trade Idea​

We will look to buy near supports and demand zones, with targets on resistance 0.9460.

 

[The5ersTF]

Weekly trade idea for EUR/USD
Week: 22-26.03.2021

Key event: USD. Fed´s Chair Powell testifies​

Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy.

During this week, there will be three speeches. On Monday, Tuesday and Wednesday.

​

These speeches tend to increase the volatility in the markets and may cause a breakout of key levels in price.

Key Levels:​

• Resistance 1.1989, 1.2180
• Support 1.18400, 1.1755

Trend EUR/USD:​

Neutral

Price is ranging between 1.1989 and 1.1840. Last week, the price closed with a false breakout down.

Call to Action/Trade Idea​

We will look to trade the breakout of the actual range, very likely near or during one of the speeches.

 

[The5ersTF]

Commodities Behind the Scenes - Understand the price movement in the mid-term and long-term view.

Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market, and what strategy could be used to trade them.

Where the commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold

 

[The5ersTF]

Weekly trade Idea for USD/CAD

Week: 5-9.04.2021

Key event: CAD. Employment Rate

Measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.

We expect a significantly lower reading than the previous month.

​

Until release day, we can expect a weakening of the Canadian dollar against other currencies. On Friday (releasing day), a surprising value could affect actual trends and cause possible breakouts of key levels.

Key Levels:​

• Resistance 1.2630, 1.2750, 1.2900
• Support 1.2400, 1.2250

Trend USD/CAD:

Bearish

Price has been respecting a down channel, reacting to horizontal and diagonal resistance. This scenario may change with fundamental announcements.

Call to Action/Trade Idea

Until Friday we will look for buying opportunities near support. A breakout of the bearish channel will provide us opportunities to buy on retracements.

 

[The5ersTF]

Weekly trade idea on NZD/USD​

Week: 12-16.04.2021​

Key event: NZD. Interest Rate Decision​

RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

We expect a similar reading to the previous lecture.

​

We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.

Key Levels:​

• Resistance 0.7100, 0.7000, 0.7450
• Support 0.6800

Trend NZD/USD:​

Bearish/Neutral

Price broke down two weeks ago the 0.7100 support level, turning it into key resistance. Price has formed a lower low; now a lower high would confirm a trend reversal.

Call to Action/Trade Idea​

We will look to sell near resistance levels. The previous support levels are now important resistances.

 

[The5ersTF]

Weekly trade idea on USD/CAD​

Week: 19-23.04.2021​

Key event: CAD. Interest Rate​

Interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading than the previous month.

​

Until release day, we expect a continuation of the actual trend. A negative surprising data value could reverse actual trend direction.​

Key Levels:​

• Resistance 1.2630, 1.2750, 1.2900
• Support 1.2400, 1.2255

Trend USD/CAD​

Bearish

Price has been respecting a down channel, reacting to horizontal and diagonal resistance. This scenario may change with fundamental announcements.

Call to Action/Trade Idea​

We will look for buying opportunities near support. A breakout of the bearish channel will provide us opportunities to buy on retracements.

 

[The5ersTF]

Weekly trade idea on EUR/USD.​

Week: 26-30.04.2021​

Key event: USD. Interest Rate​

Interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading to the previous month.

​

Until release day, we expect a continuation of the actual trend. A positive or negative surprising data value could affect the actual trend direction.

Key Levels:​

• Resistance 1.2150, 1.2300
• Support 1.1990, 1.1850, 1.1700

Trend EUR/USD​

Bullish

Price has recovered aggressively to the upside. A test of the next resistance is very likely. If that level doesn’t hold we should see a rally all the way to 1.2250 / 1.2300.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend. Any retracement or pullback to support levels. Only an unexpected important release might overturn the actual trend.

 

[The5ersTF]

Weekly trade idea on EUR/USD.​

Week: 10-14.05.2021​

Key event: USD. Retail Sales​

The retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes in such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive for the USD, while a low reading is seen as negative.

We expect a lower reading than the previous month.

​

Until release day, we expect a continuation of the actual US weakening trend against most major pairs. We do not expect a surprising positive data release that could reverse the actual trend direction.​

Key Levels EUR/USD:​

• Resistance 1.2170, 1.2350
• Support 1.1990, 1.1850, 1.1700

Trend EUR/USD​

Bullish

Price has recovered aggressively to the upside. A test of the next resistance is very likely. If that level doesn’t hold we should see a rally all the way to 1.2250/1.2300.

Call to Action/Trade Idea​

We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important release might overturn the actual trend.

 

[The5ersTF]

Weekly trade idea on EUR/USD.​

Week: 24-28.05.2021

Key event: USD. Gross Domestic Product Annualized

The Gross Domestic Product Annualized shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized indicates the pace at which a country’s economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

We expect a similar reading to the previous month.

This release should not affect the USD behavior during the week. Technical key levels will be more relevant. We expect a continuation of the actual US weakening trend against most major pairs. We do not expect a surprising positive data release that could reverse the actual trend direction.​

Key Levels EUR/USD:​

• Resistance 1.2250, 1.2350
• Support 1.2170, 1.2050, 1.2000

Trend EUR/USD

Bullish

Price has recovered aggressively to the upside, forming HH and HL. A test of the next resistance is very likely. If that level doesn’t hold we should see a rally all the way to 1.2300.

Call to Action/Trade Idea

We will look for any opportunity to join the bullish trend on supports. Any retracement or pullback. Only an unexpected important release might overturn the actual trend.

 

[The5ersTF]

Commodities Behind the Scenes - Understand the price movement in the mid-term and long-term view.

Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market and what strategy could be used to trade them. The commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold.

 

[The5ersTF]

All Timeframe Trading - Gary Langley defines entries and exits using the forex high timeframes.

Gary L. defined entries and exits using the high timeframes to map out the small times.

 

[The5ersTF]

Patience Pays Strategy - Wait patiently for this setup, and the forex market will pay you accordingly.

The best traders know that patience is a virtue. This webinar will discuss a specific setup, which gives the trader all the tools to become consistently successful if only the trader is patient enough to wait for it.

 

[The5ersTF]

The wonder of the spinning top is a pattern that gives you an edge over the stocks and FX market.

A high-probability trades that come after spinning tops are created (both for continuation and reversals).

 

[The5ersTF]

The Difference Between Quasimodo and Head & Shoulders.

Two of the most reliable and powerful reversal pattern is Quasimodo and Head & Shoulders, but many traders confuse between them.

In this video, we explain the difference between Between Quasimodo and Head & Shoulders.

 

[The5ersTF]

How to fix the most common challenges forex traders face.

This webinar uncovers what traders suffer the most during their careers and gives practical tools to fix it.