Avafx forex broker with free autotrading forex platform – increase forex profit
The first thing that comes to mind when you enter AVAFX is easy and friendly is your platform. This is evident through its website, where all necessary information for someone new to this company is accessible and clear, and even more so with Forex trading platform – Ava Trader, where all functions are only just a click away.
The registration process is easy and uncomplicated to the demo account and to the Real Money account. AVAFX allows retailers 21 days to prove his account $ 100,000 and practice with advanced trading tools with dozens of currency pairs and metals. Actual accounts can be funded through PayPal, WebMoney, or Western Union, while for the credit card financing is instantaneous and immediately and customers can access their account with full benefits in the investment of the currency.
Live Trading Accounts in AVAFX can be classified into a silver account with a minimum deposit of $ 100, gold with a minimum deposit of $ 1,000 and Platinum with a minimum deposit of $ 10,000. It also marks an account of Islam. AVAFX offers bonuses and special offers for new entrants, such as reducing the minimum deposit rates, special bonus payment methods specified, or cash added to your account on the first deposit.
The transactions are executed with a single click, while professional Ava is easy to use for graphics, updates instant ability to save multiple charts on separate sheets. Meanwhile, retailers can keep abreast with the updated calendar of Economic Analysis.
AVAFX use a Forex trading platform called Ava Trader downloadable offering users the chance of a quick forex investment. The practice or demo account has all the features available in vivo, and its investment platform is complete – with the same features you find in the AVA Live platform. AVAFX offers flow rates every second executable exchange rates at 24-hours a day, and a wide range of currency pairs, with no commissions or fees (this policy includes no deposit fees without negotiation costs without reinvestment costs, no margin fees, and, in general, without fees of any kind.
The platform basically appears as Ava Trader 3.1.9.9 with its default settings mainly with 6 windows, 3 on the left side (which deals with rates, orders and open positions) and 3 on the right (instruments, account information and abstract). These windows are the main and Ava Trader has 15 sub-windows that can be customized in the main window, based on investor preference. Ava Trader also allows you to build their own work areas according to their convenience and needs, and then jump between them using tabs.
The Subcommittee of the window rates have currency pairs with encryption keys of selling and buying. Clicking on any of these buttons to any currency pair which means either buying or selling a currency pair that for the other. After you are prompted to enter your trading volume, lot, or the amount in quantity called Ava, predefine Stop Loss, Trailing Stop prejudging and Limit or Take Profit are also characteristics of this pop-up. All operations can be viewed on the orders of Sub window, while all open positions outl can be seen in the window just below the windows default orders.
Well, easy to use graphics tools are available in Ava FX. Click on a favorite pair is driven with options including “Open Letter” on click you can proceed with the partner of their choice and timing as well. The box opens with all the tools available there. Some characteristics Ava tools are trend lines, Fibonacci, etc. horizontal and vertical lines. I must pause here to say that Ava is not one of those crazy places where technical indicators look like a puzzle.
AVAFX is a site that has an Online Support Center which is a knowledge base of commonly asked questions related to Forex trading in general, trade with Ava and solve technical problems that may arise using their platforms.
Ava FX also offers 24-hour Multi-lingual support via chat or phone (with a U.S. toll free). The representatives are very responsible and informed, the award of support services Ava is 3 stars. Ava FX is a company that is registered in the BVI with the pending membership of the NFA. Ava is regulated to the highest EU standards by the Financial Regulator in Ireland.
It has the backing of a large financial conglomerate has more than $ 16 billion in assets. Ava is reinforced by the fact that it is audited by Ernst & Young, the fourth largest auditing firm in the world and by banks Commerz Bank in Frankfurt, Germany.
I am convinced and have come to stay long-term impact.
For now I can suggest autotrading (forex auto trade – automatic system – forex automated forex system with signal providers) :
Zulutrade – free automated forex platform review – forex autotrading
Founded in 2006, has become one of the best companies in the world autotrading. With more than 30,000 accounts and 10,000 traders traded over $ 15 billion, can not be wrong.
Pips
% ROI
Davan 1775 34.20
Auto-fx 7539 159
hehehe 3818 79.06
surfarifx 1091 9.70
stylince 3610 66.80
Forex Sig TD 1423 26.29
Polaris 347 6.91
FirePips 1050 21.11
racscave 2240 44.29
Parit Beyond 5229 105
# What is Zulutrade?
Zulutrade bridges the gap between valuable information in the financial markets and enforcement of orders in the markets, with the conversion of the advice of professional and talented traders worldwide to trade executed quickly and automatically to your account through Ava FX.
There was a time that trading was a headache. Not anymore! You do not have to study or market developments to make a good choice, because hundreds of experts from around the world do for you. All you have to do is choose to or experts who had the best performance, and quickly become Zulutrade that advice on investments in the markets directly into your account with Ava FX. And best of all, it’s absolutely FREE!
* Anyone who puts the orders in my account? Experts know about my account?
None of the experts who recommend positions and strategies will know of the existence of your account. Zulutrade receives their recommendations, expert corroborates that you are signed in the profil of your account, and decide whether it is convenient for you to open that position or not, since it depends on the characteristics of their own, all this is done automatically, without intervention human and full synchronization with the operating room AVAFX. Zulutrade operate automatically even if your computer is off or if it does not have a computer.
* How to start?
All you have to do is open an account at http://avafx.zulutrade.com/SignupIntermediate.aspx
* These are hypothetical results? There are many sites that offer all kinds of results …
Each signal received by Zulutrade is executed by at least one live account / demo in a broker. Spread The final result contains, swap rates, gains or losses from open positions, ie all possible costs of the broker.
This means that the performance always reflect real market conditions and actual values of the broker. Due to the volatility of markets, there may be minor differences between accounts. All the positions taken in the demo account are considered hypothetical.
* What is the minimum deposit to open an account?
You can start with the minimum deposit of $ 100. But we recommend starting with at least $ 1,000 USD to work successfully.
* How many signal providers I choose?
In the section of “settings” in the area of your account information, there is a “wizard” to help him very friendly to choose the correct amount, taking into account all this capital and its suppliers make trades, how many lots managed.
This wizard will assist or aid in the selection of suppliers according to the particularities of their own and without running the risk of margin calls. Use the help system or choose manually without the help of the wizard.
* That is a lot or batch?
A standard lot size is to buy or sell. If you buy a lot of EUR / USD, trade with a leverage of 100:1 you are buying 100,000 EUR / USD, but since you are leveraging 100:1, the leveraged amount is 1.000 EUR / USD or a standard lot. If you trade too a mini lot, you are buying 10,000 EUR / USD and the leveraged amount is 100 EUR / USD or a mini lot. Note that without proper risk management leverage can be a double edged sword which must be used with care.
* Who are these signal providers? As the elected?
We do not choose, any individual can become a signal provider if you have the required results. It is not possible in Zulutrade “fake” performance results. If Zulutrade shows a gain in the history of the trader, these data are 100% real as they are supported by the reports of the brokers. For every pip contained in the performance of a pip is Zulutrade won a broker and contained in the books and records of the broker. The results are a combination of hypothetical and actual results.
* What is the ’spread’ and that all my trades in negative pips begin with?
In the FX market Spread refers to the difference between “bid” and “demand” between the purchase price and the selling price.
Each currency pair Spread open positions. Therefore, if the Spread is 5 and then will open the trade-5pips.
* I control the number of lots, and the amount of trades that a signal provider performs with my account?
When you enter your account zulutrade.com, go to the settings page of your account. From there, select the “best lots open” drop down menu, this allows the set limit the total number of lots you want to have an open provider at any time before he can open more lots.
Also, beside each name of the provider you have selected is a dropdown menu selection called “lots”. This refers to the number of lots to be traded in each trade at the most. For example, if you want to limit each vendor to 2 lots per trade, not more than two positions open at once. You can set max open lots to 4, the number of lots, and next to its name provider to choose 2.
* As noted to be a signal provider or an affiliate?
To register and become a supplier of signs, ava.zulutrade.com our website, under our current list of top providers is a selection that says “join zulutrade” as a signal provider, please click on the same and complete the requested information.
To become an affiliate go to ava.zulutrade.com website, and on top of the page, select “Affiliates” and fill out the requested information.
COT report – Forex Commodity Currency Sentiment Turns from Bullish Extreme
Special COT forex report :
Fundamental and technical analysis – eur/usd forex market news
The European Central Bank is widely anticipated to keep the benchmark interest rate to 1.00% this month while the board of directors aims to balance the risk to the economy, but the press conference with President Jean-Claude Trichet to 13:30 GMT, could cause volatility in the exchange rate, while the investors weighed the prospect for future policy.
Operating In The News: Decision Of The interest rate on the European Central Bank
Impact the decision of the European central bank rate has had on the quotation EUR / USD during the last two meetings
January 2010 Decision of the rate of European Central Bank
The European Central Bank left its benchmark interest rate to 1.00% in January as they waited while the Central Bank president Trichet, said regulators are doing everything they can to encourage economic growth, while also pointing to the officers wait for more signs of economic recovery before removing the emergency support. At the same time, the European Central Bank president declared that certain principles should be respected on the payment the banker, because the institutions are able to pay, adding that “we’re not losing sight of our medium-term mandate: delivering stability the price. ” Meanwhile, during the question and answer segment, Trichet public that “no change (the central bank) our collateral system for any particular country. Investors are setting a zero percent chance that regulators will raise rates at its policy meeting on Feb. 4, according to Credit Suisse rate swaps during the night.
December 2009 Decision of the rate of European Central Bank
The European Central Bank left its benchmark interest rate unchanged at 1.00% in December as expected, with the central bank president, Jean-Claude Trichet saying that financial markets have improved and that a gradual withdrawal of the emergency measures during 2010 is “appropriate.” Furthermore, the European Central Bank raised its economic outlook, with Trichet saying the risks to growth were “broadly balanced” while adding that the central bank will keep its latest proposal for the financing of 12 months at the end of this month. At the same time, the European Central Bank found that conditions will improve in the financial market, having indicated that not all liquidity measures are necessary to the same extent in the past, and with consideration of price developments, annual inflation HIPC euro area has become positive again after five months of negative rates.
To be taken into account before publication
Operators with access to deep market information through the Active Trader FXCM platform can use it to estimate the strength in the publication of this economic report as well as to clarify the directional signs on the market. The incremental volume of air a face to the ad tracking behind any move likely to materialize, while an imbalance in the available liquidity in the demand side versus supply-side market sets the direction we probably favor the most representative institutions facing the statement:
Bullish Scenario:
If we show liquidity available, meaningful and deep on the side of the market demand, this will indicate that providers most representative market prices are looking to buy the euro currency against the U.S. dollar. Considering that about 60% of all turnover in the FX market is represented by six major banks, we wise to be on the same side of the operation in which these institutions are and will favor bullish signs for trading EUR / USD towards publication of the report.
Bearish Scenario:
If we show liquidity available, meaningful and deep in the supply side of the market, this will indicate that providers most representative market prices are looking to sell the euro currency against the U.S. dollar. Considering that about 60% of all turnover in the FX market is represented by six major banks, we wise to be on the same side of the operation in which these institutions are and will favor bearish indications for trading EUR / USD towards publication of the report.
How to Operate This event risk
The European Central Bank is widely anticipated to keep the benchmark interest rate to 1.00% this month while the board of directors aims to balance the risk to the economy, but the press conference with President Jean-Claude Trichet at 13 : 30 GMT, could cause volatility in the exchange rate, while the investors weighed the prospect for future policy. A Bloomberg News survey shows that all 55 economists surveyed forecast that the central bank kept its cost of borrowing at record low as investors are setting a shift to increased rates of zero percent rate under the swap overnight, as regulators keep a pessimistic outlook for inflation. The consumer price in the euro region grew at an annualized rate of 0.9% in December, which remains well below the target of 2% for price growth, while the estimated CPI increased 1.0% in January amid expectations for a rise to 1.2%, and the central bank probably is holding its current policy throughout the first half year, while maintaining its unique mandate to ensure price stability. Meanwhile, the unemployment rate increased to 10.0% in November from a revised 9.9% in the previous month, marking the highest reading since August 1998, while retail spending unexpectedly remained in a horizontal result in December , and the Fed can continue to provide support to the real economy in the coming months, while regulators are designed to encourage a sustainable recovery.
A member of the board of directors, Axel Weber, said he expected economic activity in Germany grew at a “measured pace” this year, and said the “number of insolvencies should increase in 2010,” which continue to pressure the decline in the labor market. Further, the Commission noted that the effects of the financial crisis “have yet to materialize through the European Union,” and stated that the unemployment rate “will probably rise further,” because businesses keep a veil over the production and employment. In addition, the board member, Vitor Constancio said the European growth will remain subdued in the coming years, while President Trichet argued that the operation of governments under the single currency, “must be solvent on its way back to normal public finance at the World Economic Forum in Davos, Switzerland, while the central bank begins to withdraw its emergency measures. Therefore, Yves Mersch, European Central Bank, said the board probably is discussing the next steps for the March 4 meeting and reiterated that the central bank would continue “the progressive withdrawal of excess liquidity, while markets finance and the global economy improves.
While the European Central Bank is expected keep the cost of borrowing for the record low this week’s event risk may not be as clear at that market participants expect the press conference with President Trichet, but the behavior prices following the rate decision, could set the stage for a long operation of the euro, while the central bank aims to standardize the policy this year. Therefore, if we hear any comments from the central bank upbeat following the meeting, we need to see a dollar, a five-minute candle following the subsequent follow to achieve purchasing confirm an entry on two lots of trading EUR / USD. Once these conditions are known, base our initial stop near a swing low (or reasonable distance more volatile taking into account), and this risk will determine our first target. Our second objective will be based on discretion, and in order to preserve our profits, will move the stop to the second batch at the break, once we reach the first target.
In contrast, fears of a prolonged recovery along with the slight price increase could lead to the board of directors to maintain a pessimistic outlook for future policy and a change in the rhetoric of central bank could weigh on the euro, level that regulators aim to balance the risk to the economy. As a result, if the ECB keeps rates expected fine and price growth remains below 2% throughout the year, we favor a bearish outlook for the single currency, and implement the same strategy for an operation short of euro – dollar, as the long position mentioned above, just the reverse.
Forex Technical analysis special report
Euro / British Pound
The trading EURGBP has strengthened in what is probably a small quarter swing. 8800 is the resistance. As the increase is for fourth oscillation, a triangular possible. Price ideally remains below that of 8853 (minimum level of oscillation i).
Euro / Swiss Franc
From the day of last week’s drop, the price has operated EURCHF divergent. The potential resistance of the channel intersects the level of 14818 (initial peak of the pivot) on 11 February. 14871 (initial medium) is also a potential strength. Continues to favor a decline below the break-in 15000.
Euro / Canadian Dollar
I express the importance of a minimum price last month in the EURCAD. That floor was made just below the minimum level of October 2008 / support line sloping downward trend. The increase from the minimum in January is impulsive (5 variations) so that a promotion is cautiously encouraged. However, a break would be significant and would change the focus to 14405 (at least February 2008).
Euro / Australian Dollar
It is possible that a significant minimum is in place for trading EURAUD equally. We favor the rise compared to 15586. Operating over 15,965 leaflets reinforce the upside.
Euro / dollar New Zealand
The quotation EURNZD is in the same position that trading EURAUD. The decline from 21,267 can be complete in five swings, which means that a minimum level may be more important instead. A move above 20,029 would increase confidence in the promotion.
Euro / Japanese Yen
With 5 complete oscillations in descending 12,522, a figure horizontally expanded to explain the decline a new low (12440). A pressure above 12,713 would meet the minimum expectations for oscillation c. The initial point of rupture in 12,745 is potential resistance. The additional resistance would be 12,841 and 12,954.
Pound Sterling / Japanese Yen
“In the big picture, I still maintain that the entire 16,310 increase to the fourth oscillation of the correction and that trading GBPJPY will eventually drop below a minimum level below 11,879.” In the short term, we favor the down from 14,736. A break below 14,300 / support line would change the focus to 14200 (minimum 12/9/09).
Swiss Franc / Japanese Yen
The pattern of trading CHFJPY is the same as the price EURJPY. A figure can be expanded horizontal path. Operating over 8645 would complete the pattern. Initial support in 8700 is potential resistance.
Canadian Dollar / Japanese Yen
I wrote Monday that “The decline since 9065 may be supplemented as an impulse (5 oscillations) with the oscillation 5 truncated. Look at this week increments. Resistance is at 8650 and 8726. Eventually, a break below 7990 is expected. “The increase in the price CADJPY is approaching the levels mentioned, so look for signs of weakening price CADJPY.
Australian dollar / Japanese Yen
In the larger picture, the increased contribution from the minimum level AUDJPY October 2008 stands at five oscillations and the oscillation is probably a correction to ABC several years. Most important is the oscillation 5 of increase, which is a diagonal terminal. The terminals are often backed by clean diagonal full acutely. This puts a target bass in 7074. The short-term resistance is from 8185 to 8274.
New Zealand Dollar / Japanese Yen
The short-term pattern of trading NZDJPY is similar to the pattern of short-term trading in CADJPY. The decline since 6877 is impulsive if any truncated allows fifth swing. To expect resistance levels are 6499, 6541 and 6633. The biggest trend is considered down versus 6877. In the larger picture, the increase since 5259 is a diagonal and expectations are about a full retreat for the increase.
Forex market – The quotation EUR / USD presents opportunities for speculation in front of the European Central Bank’s decision
The quotation EUR / USD has come under pressure, also that the ADP report (which went better than expected) has fueled the U.S. support the dollar, making this pair a risky target for speculators. Historically, however, prior to the decision on interest rates from the European Central Bank, the price performance condenses, creating an ideal environment for high frequency traders. Although, with the imminent risk event tomorrow traders must wait until the current volatility and look down the price action desired. In addition, low risk may be limited while the pair is operating at a previous congestion area Fibonnacci support only a little below.
Key Technical Levels
The support 1.3802-50.0% Fibo of 1.2444-1.5149 has held once or twice failed a test which could lead to an extended period of consolidation. The last time the pair operated at current levels did not notice for a month range, which added him to its potential importance as a barrier to future losses.
Quantitative Measurements
A Bollinger bandwidth is a factor of concern when considering the EUR / USD as a target of speculation. A resumption of a downtrend after a period of consolidation has led to the price performance for only one direction, reduced the attractiveness of par value. However, we have seen the intra-day volatility in silence, which is favorable to use a strategy of high frequency. One week of 9995 implied volatility is a sign that the condensate from the price performance could continue.
Zulutrade – automated forex trading – autotrade forex
Today I will write an article on ZuluTrade Company whose business model is helping beginners to make money in Forex “automatically”.
And I’ve highlighted the word “automatic” because the business is based on allowing the novice trader or do not have good strategies, achieve profits in Forex doing nothing (or nothing).
ZuluTrade – Autotrade the Forex Market like never before!
Is it really automatic?
From the point of view of Trader: Yes, I do not have to execute the warrants. But in reality the commands are executed by humans or more experienced trader.
A two-track system
1) An operator or trader can create their own account and allow ZuluTrade live account is operated by a more experienced trader.
2) The experienced trader in ZuluTrade takes its name from signal providers. And the better trading Forex more customers (operators) can have. This person is responsible for sending the signals to buy or sell the system to ZuluTrade automatically replicated to the accounts of traders who have added.
The operator will earn money automatically from your account and forex signal provider is paid for each transaction it conducts. This has no cost to the customer (completely free).
ZuluTrade share earnings spread (the commission that the broker charges the client) with the signal providers. That is, the trader does not pay anything ZuluTrade.
Can I watch the live signals?
Actually Provider name signs can give rise to doubt. And I must say that it is not sending signals to the e-mail or the Blackberry or the iPhone, none of that.
What we can do is look ZuluTrade realized very late-but-open type of operation by the signal provider.
“This is a secure system?
ZuluTrade despite not being a broker itself is heavily regulated by the NFA and CFTC in the United States. You risk policies very clear privacy and provide security to both operators and providers of signals.
Personal data can not meet signal providers and operators can not know the personal details of provider Signals (performance only).
All procedures are permitted by the broker participants.
How long will it take to open an account in ZuluTrade?
In less than 2 minutes the account can be opened. But the paperwork to allow binding ZuluTrade an account between the provider and the operator signals can take 1 day to 3 days.
This system closely resembles ZuluTrade managed accounts or FSS PAMM FXCM. The differences are really minimal.
The secret is how to find a good signal providers in ZuluTrade, but this is “another story cloth” and the board after a few days.
“ZuluTrade allows Demo accounts?
That’s the best, it is possible to test this system ZuluTrade up to 30 days in demo and test hundreds of suppliers registered signals.
Zulutrade – earn money at forex – best autotrading platform
Hello everyone.
I write this message to tell you a little of my experience with Forex and invite them to know my account “signal provider” with Zulutrade.
First of all warning, I am one of those trying to sell anything, I just wish somehow correspond to this and other forums that have helped me get the skills to trading Forex.
For some time now that I’m researching Forex, as you moved my interest in this world were appearing more and more methods of technical analysis, I spent hours and hours reading various threads with thousands of messages about how some method. There are thousands of them in this forum and you can find many ForexFactory you have to bore you …. so if the latter is in English … ay some very good and some not so but what we all generally have a small factor staff makes the method is very good for your set but less so for the rest of us …
Meanwhile, I also attended a course where he also taught a method majete.
Today I use a method based on trend lines, Bollinger bands, RSI, and very much essential. Recently I came averaging around 500 pips a week. I wish I could explain here how to do the entries but it is practically impossible because I rely a lot on the fundamentals, for me the same graph in a particular circumstance might be good for short and another might be good for long. My method takes a strong personal component. What I propose is to keep an eye on the account that I have as a “provider of signs” in Zulutrade, for those who do not know explain a bit operation.
With Zulutrade you can open an account with them or associate your account with them … or if you already have an account with FXCM Zulutrade may be associated with so that the signal provider you choose to send your orders and how much those taken . By opening an account with ZT have the possibility to choose one or more signal providers that they give signals are transferred to your account automatically without even you have your account opened at the time ..
You have a list of several providers in detailing the pips obtained, and even can see in detail all transactions …. this is very advisable to do … but the moves look to see how many were negative pips on top each operation that took …
In the “settings” you can choose the maximum number of lots per transaction and maximum open trades at the same time …. THIS IS KEY!
YO NO MORE THAN 1 SUPPLIER RECOMINENDO …. …. and I explained why many people choose 5 suppliers (eg), but only allows a transaction for each … each vendor will operate 5 or 6 operations at once (or more as specified in its “trading estrategy”), therefore these 6 operations only going to get to your platform first, because you put a limit of 1 per supplier …. and as “Murphy’s Law” is always outstanding … you know what happens … the first is one of the bad and miss the other to be good … that’s why my recommendation is to study well providers, study how many open opes while …. how many are the highest in an operation ordered etc …., and that provider to suit you …. ONLY tarry with him and not put limits on operations. .. if that operator has an 80% accuracy, the only way we get to 80% is catching all of their operations ….
Let me continue with my recommendations …. ZT has the option to open a demo account and see what happens … start there …. EVER EVER open your real you without seeing the Demo what happens … with the demo you can take the suppliers and see if they suit your needs … Seriously try before the DEMO please …
For those who want to open small accounts …. be very careful, do not recommend it …. keep in mind that does not accept ZL micro lots, ie, the minimum value of a pip is $ 1, if you start with an account $ 1000 is very complicated, keep in mind that each supplier will have a minimum of 3 or 4 operations at the same time … sometimes can be -150 stop each one … and see a slice as I can be half the account is not very nice, I panicked and will close operations at -130 or -90 pips just before it begins to recover …. seriously … I do not recommend small bills if so … seek a provider that operates more than 2 or 3 at the same time and sedlo faithful …
Of course do not forget Rule 1 in FOREX …. EVER EVER EVER EVER operéis with money that you can not do without … always use expendable money, never forget that all those good “rankings” are you going to see in ZT is merely a reflection of something past and done everything good does not warrant a month ago to become so again the following …
It is important to know that each signal provider charges a fee for each entry that you accept, the commission will be charged to you but your broker … that is, whether in making its brokerage operation benefited from 5 pips ” spread “, now those 5 pips are divided between the broker, ZT, and the provider of that signal. You will continue collecting the 5 pips …. or whatever the spread ….
I guess by now everyone comes to the big question …. What if average 500 pips per month …. because you open your account and ready …? For this two answers … 1 .- I think for an account where the pip value is less than $ 1 minimum required to operate with confidence would be about 5000 $ (and this is my personal opinion) and 2nd and this might sounds a bit selfish but it’s the harsh reality is not the same operation with money from other than the one … especially if you are a normal Currito that $ 1000 he is a great effort and of course …. but such a reality ….
The range of the quote GBP / USD is at risk compared with the rates decision by the Bank of England
A Bank of England liabilities could lead to breaking the current range putting the quote on a new route and canceling positions ahead. Wait until the publication minimize the risks and considering the relevance of the risk event, most likely shown a price immutability of activity towards the ad.
How stable is the range of trading GBPUSD?
• Levels to consider:
- Roof of the range: 1.6760 (Fibonacci, Pivot)
- Floor Range: 1.5800 (Range, Fibonacci, Pivot)
• Concerns with regard to sovereign debt rating in the UK and the Bank of England is reluctant to end its quantitative easing efforts have led to the pound sterling to a lower level. The U.S. dollar has begun to find favor because the fundamental improvement in the U.S. are increasing the possibility that the Fed raise rates at year end. The highest expectations of performance have begun to belittle the role of reserve currency as the currency of funding.
• The trading GBP / USD had been in sharp decline before getting close to the support of the wider range. The hammer candle yesterday may signal a decline or a sharp increase based on the characteristics of the patterns. Fibonacci support at 1.5756 to 38.2% from 1.3653 – 1.7050 can limit the risk of falling as it did in early October.
Suggested Strategy
• Long position: A 1.6050 admission confirms that the Japanese candle hammer was a change in trend. A second possibility is 1.5950 after a failed test of 1.5800
• Stop: Establish the stop to 1.5959, the closing of the hammer as a break below would nullify their significance. To ensure usefulness, move the stop on the second lot to breakeven when the first goal is reached.
• Objective: The first objective is 1.6181-high of 29 January. The second is 1.6460 – high of 19 January.
