FxOrtrader trading journal FXGlory

The movement of GBPUSD has a chance in considerable volatility today with a focus on the GDP data and the UK current account at 16:30 WIB for clues on the level of health of the UK economy ahead of the Brexit parliamentary vote on Saturday tomorrow.

In addition, the release of core consumer PCE price index and revised UoM data from the US has the opportunity to be a catalyst for further US dollar movements after strengthening for the past three days.


Market Movers today



Movement Potential

Gold

Gold prices have a chance to continue weakening in the short term amid the strengthening US dollar outlook and the recovery of equity markets amid trade negotiations between the US and China in Beijing to test the support level at $ 1287 - $ 1282. If moving up the resistance level is seen in the area of $ 1295 - $ 1299. Today the market looks forward to the US core PCE price index data at 19:30 WIB and US consumer sentiment revised UoM at 21:00 WIB for instructions on the movement of the US dollar.

Oil

High oil prices will continue to rise in the short term amid still dominant supply restrictions by OPEC + groups by testing resistance levels at $ 60.00 - $ 60.50. However, if the market is considering Trump's call to OPEC for production levels and rising reserves in the US, oil prices have the potential to go down to test support at $ 59.10 - $ 58.70.

EURUSD

The pessimistic sentiment of economic data from eurozone countries lately and the dovish of the ECB Draghi's stance are likely to weigh on the EURUSD in the short term to aim for support at 1.1190 - 1.1150. If the price rises, the resistance level is seen in the area of 1.1260 - 1.290 with today's market waiting for German retail sales data for guidance on the level of economic health of the largest economy in the Eurozone.

GBPUSD

GBPUSD has a chance to remain under downward pressure in the short term as there is no progress signal before the Brexit vote on Saturday by testing the support level at 1.3010 - 1.2970. If the price rises, the resistance level is seen at 1.3080 - 1.3110. Today the market looks forward to GDP data and the UK current account at 16:30 WIB for clues to the health of the UK economy ahead of Brexit.

USDJPY

Optimistic that a number of Japanese economic data released this morning have the opportunity to trigger a decline in the USDJPY in the short term to aim for support in the range 110.20 - 109.80. However, if the dominance of sentiment strengthens the US dollar, the USDJPY has the opportunity to move up aiming for resistance at 110.90 - 111.30.

AUDUSD

AUDUSD has a chance to weaken in the short term amid the strengthening US dollar outlook and depressed commodity prices to test support levels at 0.7040 - 0.7000. However, if the market gets good news about the US-China trade negotiations, it has the potential to sustain an increase in AUDUSD to aim for resistance at 0.7110 - 0.7140.

I trade in the EURUSD market pair, hopefully according to the expectations of Buy EURUSD.

:)Good morning and happy to do all Forex trading activities.

on the occasion this morning 1-4-2019. The interesting thing about the current trading market is.

DATA OF EURO ZONE INFLATION.
RETAIL SALES AS AND MANUFACTURING AS SO MARKET FOCUS

The US dollar moved higher last week even though some economic data released were below expectations but sentiment from the economic slowdown from weakening data was not much heard. Dollar gets support because Brexit deal Prime Minister Theresa May feels defeat for the third time in a row.

The market focus will be on the release of China's Caixin Manufacturing data released at 08:45 WIB, then the euro zone will release inflation data at 16:00 WIB. US will release Retail Sales and Manufacturing data at 19:30 WIB.

Market movers this week


Movement Potential

GOLD

The price of gold has the potential to rebound after being pressured against the dollar to test the resistance level at 1298 - 1300. failed to break the resistance level the price of gold has a chance to be depressed again testing the support levels at 1286 - 1284.

OIL

Oil prices have a chance to continue strengthening testing resistance levels at 61.00 - 61.20 because it is supported by OPEC oil production cuts and sanctions against Venezuela and Iran. Rising US oil production has the opportunity to limit the strengthening of oil prices, oil price support is in the range of 59.80 - 59.60.

EURUSD

EURUSD has the potential to turn up against the US dollar if the Eurozone Infalsi data is released higher than expectations to test the resistance level at 1.1260 - 1.1280. But if the data released below expectations EURUSD has the potential to test the support at 1.1175 - 1.1150.

GBPUSD

GBPUSD has the potential to move down to test the support level at 1.2950 - 1.2930 due to Brexit concerns after Prime Minister Theresa May felt defeat for the third time in a row. GBPUSD resistance is in the range 1.3155 - 1.3180.

USDJPY

USDJPY has the potential to move to test the resistance level at 111.30 - 111.60 because it is supported by dollar resistance, failing to break the resistance level is likely to suppress USDJPY to test the support at 110.55 - 110.30.


AUDUSD

if Caixin Manufacturing China data is released better than expectations, AUDUSD has the potential to move up to test resistance levels at 0.7140 - 0.7160. AUDUSD support is in the range of 0.7080 - 0.7060.

PMI DATA SERVICES UK AND NON-FARM ADP EMPLOYMENT US CHANGE TO BE MARKET FOCUS

The dollar was steady against peers on Wednesday, as the recent bounce in US bond yields stalled on increasingly dovish rhetoric from global central banks.

The UK PMI Services Data which will be released at 3:30 p.m. is likely to be a catalyst for GBPUSD, besides that the US will release data on ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI starting at 19:15 WIB the data is likely to drive gold prices .

Movement Potential

GOLD

Gold prices have a chance to move up in the short term to test the resistance level at 1297 - 1300 due to the market digesting the IMF statement that an estimated 70% of the global economy will experience a slowdown. Support for gold prices is in the range 1287-1285.

OIL

Oil prices are likely to move to test the resistance level at 62.20 - 62.50 due to cuts in OPEC production and disruptions in oil supply over US sanctions against Iran and Venezuela. Support for oil prices is at levels 61.85 - 61.60.

EURUSD

Pressured by pessimistic data on Euro zone producer price index data. EURUSD has the potential to move under pressure in the short term testing the support level at 1.1170 - 1.1150. failing to break the EURUSD support level has the potential to turn to test resistance at 1.1250 - 1.1280.

GBPUSD

As long as it moves above the support level 1.3050 - 1.3030, GBPUSD has the potential to move to test the resistance level at 1.3190 - 1.3220. But if the sentiment from Brexit worsens, the GBPUSD has the potential to turn to test the support.

USDJPY

A stronger dollar and risky asset sentiment has the potential to pressure the yen, the USDJPY has the potential to move to test resistance levels at 111.70 - 111.90, profit taking from market players has the potential to pressure the USDJPY to test the support at 111.00 - 110.80.

AUDUSD

AUDUSD has the potential to move to test resistance at 0.7130 - 0.7150 because the release of retail sales in Australia is better than expected, AUDUSD support is in the range of 0.7045 - 0.7020.

DATA AVERAGE HOURLY EARNINGS AND NON-FARM EMPLOYMENT CHANGE AS SO MARKET FOCUS


The dollar rose to a three-week high on Friday, lifted by hopes that a protracted trade dispute between the United States and China will soon be resolved.

US data The Average Hourly Earnings and Non-Farm Employment Change that will be released starting at 19:30 WIB will be a sentiment towards the dollar and will have a direct effect on the price of gold.

Today's Market Mover Video



Movement Potential

GOLD

Gold prices have a chance to move up to test resistance in the short term at the level of 1298 - 1305. However, the price of gold has the potential to be depressed if the US Average Hourly Earnings and Non-Farm Employment Change data is released better than the estimated test support at 1285 - 1282.

OIL

Oil prices have the potential to move down to test the support level at 61.55 - 61.20 following the rise in US oil reserves that are likely to flood the market. But a better outlook from US-China trade negotiations and OPEC production negotiations has the chance to re-increase oil prices to test resistance at 62.50 - 63.00.

EURUSD

EURUSD has the potential to be stressed to test the support level if German Industrial Production data is released lower than expected, 1.1190 - 1.1170, failing to break the support level EURUSD has the potential to test the resistance at 1.1255 - 1.1280.

GBPUSD

Depressed by concerns that the UK may be heading towards a protracted delay in Brexit GBPUSD has the chance to move down to test the support level at 1.3010 - 1.2975. GBPUSD resistance is in the range of 1.3120 - 1.3160.

USDJPY

Speculation that the United States and China are close to a trade agreement that could end the tariff war that supports the USDJPY testing resistance levels at 112.10 - 112.30. USDJPY support is at the level of 111.20 - 111.00.

AUDUSD

AUDUSD has a chance to move up to test the resistance level at 0.7145 - 0.7170 because it is supported by advances in US-China trade negotiations, failing to break the resistance level has the potential to pressure AUDUSD to test the support level at 0.7080 - 0.7050.

EURUSD still looks consolidated amid the wait for the release of US Non-Farm Payroll data tonight at 7:30 p.m. The results of this data release will drive the strength of the dollar which has an impact on the EURUSD movement. There has been no driving catalyst for the release of the Eurozone data, other than the negative sentiment from the Eurozone economic slowdown outlook and the dovish attitude of the European Central Bank (ECB) of its latest monetary policy.

The potential for EURUSD to continue to weaken needs to be consistently moving below the level of 1.1200 before targeting 1.1175. Level 1.1175 is seen as a strong support level area. Nearest resistance at the level of 1.1255.

Support: 1.1200 - 1.1175 - 1.1140
Resistance: 1.1255 - 1.1285 - 1.1310

Hello friend, thank you for referring me to this forum, I will see the development of the signal from you.

Goodnight Friend. tonight I am very sad because I just lost capital aka loss. linked with GBPUSD I installed open buy instead the market moved down very deeply. as a result of my account loss. so it's not uplifting

You can relax yourself first, before continuing the trade again, do not get discouraged profit and loss make an important lesson. GBPUSD the volatility of the movement is indeed greater, compared to the EURUSD pair.