Forex trading strategy 11/14/2019

DXY held steady for the time being on better-than-expected inflation data, while Federal Reserve Chairman Colin Powell stated he was optimistic about the economy and said it was unlikely to adjust interest rates again any time soon. Powell’s testimony follows the Fed’s third rate cut of the year in October. After the meeting, Powell got up the threshold for further rate cuts, but suggested the Fed was still a long way from raising rates.


CPI was stronger in October than the previous month, and health maintenance costs rose sharply, suggesting a pickup in the core PCE price index last month. Core PCE price data will be published later this month. Some officials recently stressed that inflation stays below the Fed’s 2 percent target. For instance, Minneapolis Fed President John Kashkari has said the Fed should make a public statement that it will not raise interest rates until inflation is stable at its target level. Evans, the president of the Chicago Fed, went even further, sounding out the fed should make it clear that if inflation is just over 2 percent, it’s fine.


Agreeing to the CME Group’s Fed Watch tool, there is no more than 30 percent chance of a rate cut by July 2020. In addition, there was a message about car tariffs. U.S. President Donald Trump has said he will get a decision on car tariffs soon. The White House has repeatedly discussed EU car tariffs. Lately, it was announced that the tariff decision would be delayed by six months, but this was rejected by Mr. Trump yesterday. As a consequence, both EUR and GBP remain low consolidation.


The DXY’s Wednesday correction was supported above 98.25, rebounding below 98.45 and closing at 98.37, meaning the USD short-term correction is likely to stay on a rally. If the DXY pullback is supported above 98.30 today, the quarry of the post-market rally will point to 98.45-98.55. Today, DXY short-term resistance at 98.40-98.45, short-term important resistance 98.50-98.55. DXY short-term support at 98.30-98.35, short-term important support at 98.20-98.25.


EUR/USD rebounded below 1.1025 on Wednesday, with a correction above 1.0995 and closing at 1.1002, meaning that the EUR/USD short-term rally is likely to maintain the correction. If EUR/USD bounces below 1.1020 today, the quarry of the post-market correction will point to 1.0990-1.0980. Today EUR/USD short-term resistance at 1.1015-1.1020, short-term important resistance at 1.1030-1.1035. EUR/USD short-term support at 1.0990-1.0995, short-term important support at 1.0980-1.0985.

Today’s Forex Trading Strategy Recommendations: EUR USD Forex trading strategy 11-14-2019


EUR/USD: 1.1020 Sell, 1.1040 Stop Loss, 1.0980 Take Profit

GBP/USD: 1.2860 Sell, 1.2890 Stop Loss, 1.2800 Take Profit

USD/CHF: 0.9925 Sell, 0.9955 Stop Loss, 0.9870 Take Profit

USD/JPY: 1.0910 Sell, 1.0940 Stop Loss, 108.60 Take Profit

AUD/USD: 0.6820 Buy, 0.6800 Stop Loss, 0.6870 Take Profit

USD/CAD: 1.3275 Sell, 1.3300 Stop Loss, 1.3205 Take Profit

Forex trading strategy 11/13/2019

 The USD’s narrow swing, U.S. President Donald Trump’s speech did not disclose new details of U.S. -China trade, so it didn’t give the of a boost. DXY maintained the modest gains recorded earlier Tuesday, with Mr. Trump again takes aim at the Federal Reserve in a spoken communication at the Economic Club of New York, unhappy that U.S. Interest rates are higher than in other modern economies. The market didn’t get anything new from Trump’s speech. The lone thing that might be a little new is that he didn’t announce the date and time of the signing ceremony. The securities industry had been expecting this, and those hopes were dashed. “The S.P. 500 fell back during Mr. Trump’s speech, but still came up on the day.


Final week, comments from China’s Ministry of Commerce were interpreted as a sign of progress in removing tariffs, leading traders to sell safe-haven currencies such as the yen and the dollar to move higher. Still, uncertainty hits again on Friday, leaving risk aversion.


Technically, the DXY’s pullback on Tuesday was supported above 98.15, rebounding below 98.45 and closing at 98.31, meaning that the USD’s short-term rally is likely to stay on a correction. If DXY bounces below 98.45 today, the quarry of the post-market correction will point to 98.15-98.05. Today, DXY short-term resistance at 98.40-98.45, short-term important resistance 98.50-98.55. DXY short-term support at 98.15-98.20, short-term important support at 98.05-98.10.


EUR/USD rebounded below 1.1040 on Tuesday, with a correction above 1.1000 and closing at 1.1012, meaning the EUR/USD short-term correction is likely to stay a rally. If the EUR/USD correction is supported above 1.0995 today, the quarry of the post-market rally will point to 1.1035-1.1055. Today EUR/USD short-term resistance at 1.1030-1.1035, short-term important resistance at 1.1050-1.1055. EUR/USD short-term support at 1.0995-1.1000, short-term important support at 1.0980-1.0985.

Today’s Forex Trading Strategy Recommendations: EUR USD Forex trading strategy 11-13-2019

EUR/USD: 1.0995 Buy, 1.0975 Stop Loss, 1.1055 Take Profit

GBP/USD: 1.2825 Buy, 1.2790 Stop Loss, 1.2905 Take Profit

USD/CHF: 0.9955 Sell, 0.9985 Stop Loss, 0.9895 Take Profit

USD/JPY: 109.20 Sell, 109.45 Stop Loss, 109.70 Take Profit

AUD/USD: 0.6830 Buy, 0.6810 Stop Loss, 0.6870 Take Profit

USD/CAD: 1.3255 Sell, 1.3285 Stop Loss, 1.3190 Take Profit

Forex trading strategy 11/12/2019

 U.S. President Donald Trump said Saturday at Joint Base Andrews, Maryland, that trade talks between the U.S. And China has made respectable progress. Only slow, “too slow for me.” He told reporters that the talks went smoothly. All the same, he also stressed that he was willing to reach an agreement, but that it must be in line with U.S. Premises.


Final week, both officials said the two countries agreed to cut tariffs by the equivalent rate, though Mr. Trump later said reports that the U.S. Had agreed to lower tariffs were inaccurate. The tidings of the trade war were mixed, frustrating and confusing to investors.


This time it’s Trump’s turn to sacrifice those who not only care about to reach a deal, but also come with a proposal to eliminate tariffs. It’s difficult to say who will suffer more because of the deal’s failure, but this last-minute scramble has not galvanized confidence.


Markets continue to concentrate on the evolution of the trade situation, and on Tuesday Mr. Trump will attend a luncheon at the Economic Society of New York on “Trade and Economic Policy” on which he may comment on the U.S. Economy, trade and the Federal Reserve.


For its portion, the Brexit party said it would not contest a previous Conservative-held seat in the UK general election. This will give Mr. Johnson, the Prime Minister, a significant hike to his approval ratings ahead of the General Election on December 12th. The Tories will breathe a sigh of relief, which will likewise reduce the prospect of a hung parliament. The securities industry has shown a tendency to support clear results. The positive reaction from the GBP suggests that markets have become more cautious as they have previously looked at the possibility of a labor victory.


Technically, the DXY’s rebound on Monday was held back below 98.40, with a correction supported above 98.10 and closing at 98.20, meaning that the USD’s short-term rally is likely to stay on a correction. If the U.S. Index rebounds today at 98.35 below the resistor, the target of the post-market correction will point to 98.10-98.00. Today, DXY short-term resistance at 98.30-98.35, short-term important resistance 98.45-98.50. DXY short-term support at 98.10-98.15, short-term important support at 98.00-98.05.


Monday’s EUR/USD correction was supported above 1.1015, with the rally at 1.1045 and closing at 1.1034, meaning that the EUR/USD short-term correction is likely to remain in the rebound. If the EUR/USD correction is supported above 1.1020 today, the quarry of the post-market rally will point to 1.1045-1.1060. Today EUR/USD short-term resistance at 1.1040-1.1045, short-term important resistance at 1.1055-1.1060. EUR/USD short-term support at 1.1020-1.1025, short-term important support at 1.1000-1.1005.

Today’s Forex Trading Strategy Recommendations: EUR USD Forex trading strategy


EUR/USD: 1.1020 Buy, 1.1000 Stop Loss, 1.1060 Take Profit

GBP/USD: 1.2805 Buy, 1.2765 Stop Loss, 1.2905 Take Profit

USD/CHF: 0.9965 Sell, 0.9995 Stop Loss, 0.9900 Take Profit

USD/JPY: 109.25 Sell, 109.00 Stop Loss, 109.70 Take Profit

AUD/USD: 0.6875 Sell, 0.6900 Stop Loss, 0.6835 Take Profit

USD/CAD: 1.3200 Buy, 1.3170 Stop Loss, 1.3250 Take Profit