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myregister
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Everything posted by myregister
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How many times do you trade a week?
myregister replied to asiaforexmentor's topic in Forex Expert Advisors
Same here, i tried to trade at least once in a month. No matter if the result is loss or not. I keep doing that for the sake that my account wouldn't be lose amid of my absence to trade. In my own opinion it also gives me experience which means the more i trade the more i get experience from this real trading, but one more thing never push yourself too hard, i did it but ended up as loser. -
Advantages of forex online trading
myregister replied to David_Warner's topic in Forex Expert Advisors
LOL yeah, you don't have to do that anymore. I wonder why people nowadays want to stick the phone into their own head like forever, i prefer to watch the terminal and see the market rise or down and just with few clicks i already ordered a position as LONG or SHORT and then in few minutes later closed it. Online trading makes conventional trading simpler and more efficient yet effective. -
Forex Breakout: Why are they so profitable?
myregister replied to asiaforexmentor's topic in Forex Expert Advisors
Yes i know it is the signal but of course that is depend on the effect of the market itself, people will look for it and make sure that they make profit from it. The one who drive the market is people based on their perception to the market, so this is why psychological effect like this forex breakout is a good signal since most people still believe it. -
As long as you have that. Even you are not a big trader but somehow have good expert advisor that can work for you then you can start to use VPS. VPS for me is a place where i can turn my app for 24 hours, imagine it like a computer than turn for 24 hours. Imagine your EA works for 24 hours during business days.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
US dollar showed strength and rose to a three-week peak against many of its main rivals on the second day of trading this week (14/2). Dollar gained strength after a negative movement on Asia session after the resignation of US National Security Advisor, comes from the release of PPI data and hawkish comments Janet Yellen. The market is concerned with the resignation of Michael Flynn as the Government National Security Advisor Trump, arguing the sanctions President Donald Trump will implement economic policies and tax cuts in planned it. As reported in many media, the resignation of Michael Flynn related sanctions given to the Russians. And at the beginning of the American session, January PPI data was announced at a position higher than expectations for the same data in December of the previous period. Following the release of the USD data rebounded back and beat many of its main rivals except aussie. The dollar index which shows the strength of the US dollar against many of its main rivals at the end of the American session traded at around 101.24 and the previous bullish opened at 101.00. Entering Asia session the index shown higher at 101.25. -
The movement of EURUSD on Wednesday (15/2) increasingly depressed position even after dropped for around 6 consecutive days after the previous trading fell to its lowest level since January 12 about 3 weeks or more. The negative sentiment was still coming from the Prelim GDP data release Q4-2016 for Germany and the Euro area countries. Euro that had strengthened by the rise of the safe-haven trade after plunging Asian stock markets and the opening of the European session, dropped back by the Prelim GDP data release Q4-2016 were disappointing both for Germany and the Euro area. Pressure continues entering the American session the dollar rebounded after the PPI data release last January and by hawkish comments Janet Yellen. Ending the second day forex trading this week, Euro fell towards 1.0576, and entering the Asia session, EURUSD opened at 1.0574 and is now moving down towards the support level at 1.0568. And for the next trade there are the driving catalyst of regional trade balance data which is expected to be lower.
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The movement of the Japanese yen experienced continued weakness against US dollar after 2 consecutive days before get a strong pressure. The yen's strength that had mastered US dollar in the previous trading did not last long after the trade of risky assets rose back after the strength of the dollar and Wall Street stocks also rallied. Previously, Yen managed to defeat the US dollar due to the stock exchange trading which is red on Asia region and also the opening of European stock exchanges. Redness of the stock exchange trading both raised area so that exalts yen safe haven. But the direction of the trade began to change as the US dollar momentum booster emerge since PPI data release and Janet Yellen hawkish statement in a meeting with Senate Banking Congress. The next step for trading the yen to rebound throughout the day quite difficult because of the strong sentiment driving on US session tonight that underpin the US dollar. After being closed bullish at around 114.23, USDJPY movement on Asia session seems to be weakening after the price opened lower at around 114.22 earlier on Asia session.
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Oil prices slumped in trading Wednesday (15/02) in the Asian session triggered by concerns that OPEC producers will not be able to maintain high compliance so far with production cuts aimed at curbing global fuel oversupply. US crude oil futures price of West Texas Intermediate (WTI) fell 0.73 percent, at $ 52.83 per barrel. Brent crude futures traded at $ 55.62 a barrel, fall down around 0.63 percent, from the last closing. Organization of Petroleum Exporting Countries (OPEC) and other producers including Russia agreed in December to cut production by nearly 1.8 million barrels per day (bpd) in the first half of 2017. Some traders said the oil field maintenance in the Middle East may help the group reach production cuts. But overall, analysts said the oil market remains good despite OPEC cuts led, in part due to a rise of 6.5 percent in US oil production since the mid-2016 into 8.98 million bpd. Analysts estimated Crude Oil price for the next session could potentially fall because of the strengthening US dollar and pessimism compliance with production cuts. But if tonight weekly Crude Oil inventory data realized, it willl raise the price. Crude oil prices potentially move in between the range of $ 52.30- $ 51.80.
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Pound's effort to rebounded Wednesday (15/2) after opened at a higher position than the previous closing which dropped significantly. Weak pound movement triggered by the strong dollar bullish momentum after hawkish statements where Janet Yellen also residual negative sentiment from the inflation data release in January of England. On Europe session yesterday, UK inflation data for January released and fell below expectations of an increase compared to previous period data. Previously, the market optimistic with the expectations of the data but after the data was released pounds which already strong, become weak once again. Likewise, during the New York session under pressure from hawkish comments Janet Yellen before the Senate Banking Congress. For the next trade until the close of New York session tomorrow morning, analysts come to a prediction that GBPUSD views potentially weakening fundamentally, as well as the expected release of the jobless claims data and wages less steady rate which weighed on the pair.
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The price of sugar futures on ICE Futures ended jumped after triggered by disruptions to production in Brazil and India. Brazil needs to receive more rain through at least March and then have dry weather to facilitate the harvest from April, according to Cofco's de Andrade and Paulo Roberto de Souza, chief executive officer of Copersucar SA. While India also needs to rebound significantly, the scale of the recovery is still uncertain, said Gareth Forber, head of research at LMC International sugar. Water shortages last summer in the state of Maharashtra planting sugar cane to be harvested 18 months later limited. Production in the two countries should return to normal next season, the Indian Sugar Manufacturers' Association said last month. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 was observed to increase. The price of sugar futures have closed down by 0.47 cents, or equivalent to 2.35 percent at 20.47 cents per pound. Analysts estimated that Raw sugar futures for the next session on ICE New York could potentially weaken by US Dollar strengthening position. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 20.00 cents and 19.50 cents.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Among the main rivals , US Dollar strengthened itself on the second day this week especially towards AUDUSD. It seems that Australian Dollar able to held steady against US Dollar bullish pressure due to many factors which makes US able to hold its position even with small weakening movement. Some sentiment that gives great strength to the Australian dollar is China's inflation data release is increased, rising commodity prices such as crude oil, gold, copper and iron ore. Crude oil prices remained strong sentiment member of OPEC production cuts. After being closed bullish at around 0.7661, Australian dollar exchange rate movements again showed a strong movement after opened flat at 0.7661 and for the next trade until the close of trading tomorrow morning, analysts estimated AUDUSD may be corrected if crude prices cut by rising US shale oil production. -
At the end of trading on Wednesday morning (15/02), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices rose in late trading supported by efforts led OPEC to cut its global production, but profits decreased due to concerns about rising US shale oil supplies and the strengthening US dollar. At the end of the trading price of coal Rotterdam futures contract for March 2017 in the position of 74.90 dollars per ton. Commodity prices gained about 0.30 dollars or equivalent to 0.40 percent compared to the previous closing. Tonight will be released weekly crude oil inventory data that indicated a decline in Oil production, and a decline in gasoline production. If realized, it will strengthen the price of crude oil. Analysts estimated it seems that that The coal rotterdam movement fundamentally for the next session may have the chance to rise higher if crude oil prices increase to be realized. The price of coal futures could potentially test the resistance level at 75.40 dollar.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Natural rubber prices on Wednesday afternoon (15/02) ended down. The weakening of rubber prices supported by weakening crude Oil prices. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading, it seems that the price of Rubber futures price for then most active contract which will expire on July 2017 decreased by around 2.1 percent, to 319.7 yen per kilogram, down from its previous close.. Analysts predicted Tocom rubber futures for next session will weaken by the potential weakening of Crude Oil. But also need to be observed the Yen movements that can affect the price of Rubber. Natural Rubber futures exchange will test the support level at 315.00 yen and 310.00 yen. -
Movements of gold prices itself on early Europe session are still weak compared to the opening price wher it opened at around 1227.32 in early Asia session, and now XAUUSD is rolling down at 1225.08. Generally, overall that XAUUSD will rise to the resistance range between 1231.20-1238.07 and if the price is failed to reach that range, then it will fall towards the support level range between 1221.90-1216.19. Throughout this day XAUUSD's range is expected to have the support level at 1211.33 and resistance level at 1244.15
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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Wednesday morning (14/02) ended weak. The weakening of arabica coffee prices depressed by the strengthening of the US dollar. The increase of US dollar makes commodities traded in this currency is becoming relatively more expensive for foreign buyers that eroded the market's demand. Arabica coffee futures prices for the most-active contract on May 2017 slumped towards 1.4595 dollars, down by 0.61 percent. Analysts for now estimated that Coffee futures for the next session will weaken limited by the strengthening US dollar. The price of Arabica coffee futures on ICE Futures US has the potential to test the support level at 1.4300 dollar and 1.4000 dollar.
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Price of cocoa futures at the end of trading on ICE Wednesday morning (15/02) was closed down. The weakening of cocoa prices triggered by the strengthening US dollar. The dollar index hit its highest in more than three weeks after Yellen's speech before the Senate Banking Committee. US Federal Reserve Chairman Janet Yellen said the central bank may raise interest rates at its next meeting if the economy develops further. At the end of the morning before the trading, price of cocoa futures contracts in May 2017 which is the most active contract fell down. The commodity price dropped around 1.04 percent at 1,905 dollars per ton. Analysts estimated Price of Cocoa futures for the next trade would potentially weaken further but still limited by the strengthening US Dollar's stance. For the next trading price of cocoa futures on ICE Futures has the potential to penetrate the support level at 1,850 dollar.
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The movement of USDJPY on Europe session weakened after the price opened lower at 113.72 in early trading (0000 GMT), and now the pair is still at 113.47 and had already passed strong support. The movement of the Japanese yen tried to rally on European session after pressure from the US dollar for 3 consecutive days. The yen strengthened by red sentiment trading session of stock exchanges in Asia and Europe. But on American session, USDJPY pair could rebound if Janet Yellen gives hawkish sentiment. Technically USDJPY was weak and fall down towards the range of 113.05-112.58, but if it is not up to that range this pair may rebound towards the resistance range between 113.90 - 114.33. Until the American session ended, analysts estimate that USDJPY will have the support level at 112.59 and the resistance level at 114.41.
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Euro exchange rate movements on European session consolidated against US dollar after the opening price is higher at 1.0595 in early trading, and the Euro exchange rate is now rolling at around 1.0654. The movement of EURUSD at the beginning of the European session is still bullish but began trimmed with data releases prelim Q4 German GDP lower than expected. Next there will be a flash GDP data release expected the same area and also the data ZEW economic sentiment in the estimate is lower. Technically, EURUSD will rise towards the resistance range between 1.0638 - 1.0657, and in case of a negative correction, the pair may fall towards the range of 1.0577-1.0551. Analysts estimated that EURUSD pair will have the support level at 1.0513 and the resistance level at 1.0686.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie exchange rate movements on EU session seems to be consolidated against US Dollar, after opening higher at 0.7638 in early trading (0000 GMT). And now the exchange rate is still rolling at 0.7678. AUDUSD pair drove past on European session has been strong resistance range of a positive sentiment on world commodity price movements which are showing a strong position. Previously, this pair got the power of China's inflation data releases and NAB's survey. Technically AUDUSD attempted rise towards the resistance range between 0.7695 - 0.7716. For the movement today analysts argued that the normal range of AUDUSD pair is estimated to have the support level at 0.7584 and the resistance level at 0.7716. -
Pound exchange rate movements on europe session moves positively against US Dollar after opening lower at 1.2524 in early trading (0000 GMT), the exchange rate is now rolling at 1.2534 pounds. British Pound on European session trying to continue to rally from the previous trading because of a positive sentiment on the UK inflation rate of data that will be released a few hours ahead of data expected to show a positive alias increase from the previous month period. Technically GBPUSD attempted to climb to the range between 1.2567-1.2603. So with the current condition it seems that many analysts estimated GBPUSD to have the support level at 1.2437 and the resistance level at 1.2583.
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The price of tin rose on Tuesday (14/02). The increase in positive sentiment pushed tin prices strengthening of Wall Street who returned new record. The price of tin observed a rise today where this commodity traded at 19 830 dollars per ton, an increase of 230 dollars or 1.17 percent from its previous close at 19 020. Hours later the market will watch the speech Fed chairman Janet Yellen indicated a positive sentiment strengthening US dollar. So it seems that there are many analysts that expecting Tin's future price for the next session will weaken limited by the strengthening US dollar. Price will face the resistance level at 19,800 dollars and 20,000 dollars.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber prices on Tuesday afternoon (14/02) ended flat. Prices of natural rubber futures for the most active contract, namely in July 2017 helped to strengthen the stability of crude oil prices. The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices rose slightly by 0.12 percent at 326.40 yen per kilogram. Analysts for today estimated that Tocom rubber price movements on the next trading day may still appreciate by the increase in crude oil. For the next trading session price is expected to meet the resistance level at 331.00 yen. No further resistance at 336.00 yen. -
The price of arabica coffee futures on ICE Futures exchange New York at the close of trading on Tuesday morning (14/02) ended weak. The weakening of arabica coffee prices depressed the strengthening of the US dollar. The increase in the US dollar makes commodities traded in the currency is becoming relatively more expensive for foreign buyers that follow eroded demand weakened. Arabica coffee futures prices slumped towards 1.4655 dollars, down by 1.08 percent. Hours later the market will watch the speech Fed chairman Janet Yellen indicated a positive sentiment strengthening US dollar. Analysts estimated that Coffee will weaken limited by the strengthening US dollar. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test support level at 1.4350 dollars.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
The strength of the US dollar for 3 consecutive days prior to the session only lasted a day, after it experienced profit taking against many of its main rivals. And after the Asia session ended , US dollar remains weak until the Europe session The US dollar depressed while the number of positive sentiment tried to lift such as rising US bond yields and the prospect of tax policy Trump sentiment and Fed rate hike plan. The dollar index in the middle of EU session traded at 100.80 and the previous bearish opened at 100.94. Against other major rivals, the US dollar strengthened against the pound, which only receives pressure from the red European stock market trading and also the release of disappointing UK inflation data. -
The price of CPO hike this afternoon supported by the stability of crude oil prices on Asia session. By the current condition it seems that CPO price most active contract on the commodity exchanges Malaysia increased. The contract for April 2017 which is the most active contract for CPO observed to rise about 3 ringgit or 0.1 percent and traded at 3,039 ringgit per tonne. This is quite good increment and predicted to rise more for next session. Analysts also estimated CPO futures for the next session may strengthen if the weakening ringgit and rising crude oil continues. CPO futures contract prices has the potential to test the resistance level at 3,090 ringgit and 3,140 ringgit.
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