Welcome trading legends,
This time we’ll be trading the EUR/USD asset using the signals from the ToolsTrades website and the IQ options broker. Be sure to stick to the end of the video as I’ll give you a special promo code for Forex Signals.
Be sure to use the promo code SHIVINVEST on ToolsTrades website for more signals.
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. Here, there is a potential for the formation of a «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1792. As part of the FOREX forecast for August 13, 2020, we should expect an attempt to grow and test the resistance level near the 1.1845 area. Further, the rebound and the continuation of the fall of the Euro/Dollar currency pair. The potential target of such a movement on FOREX is the area below the level of 1.1445.
An additional signal in favor of a fall in EUR/USD quotes will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a breakdown of the support area at 1.1625, which will indicate the completion of the formation of the «Head and Shoulders» reversal pattern. Cancellation of the option of falling quotations of the Euro/Dollar currency pair will be a strong growth and a breakdown of the level of 1.2010. This will indicate a breakdown of the resistance area and a continued rise to the area at 1.2295. It is worth waiting for confirmation of a fall in the EUR/USD currency pair with the breakdown of the support area and closing prices below 1.1635.
Numerous financial specialists tragically get diverted by feelings when exchanging Forex. For example, a speculator who lost cash may have issues believing their judgment while a person who won a bonanza may get presumptuous. At the point when you lose your cash, give yourself some an ideal opportunity to process the data. Try not to wrongly react in scurry to compensate for your misfortunes. Then again, on the off chance that you make a few benefits, don't become really excited by voracity and be enticed to exchange right away.
Be sure to use the promo code SHIVINVEST on ToolsTrades website for more signal yourself to stay aware of the current patterns. The web is a significant wellspring of data on forex exchanging. Dive profound into the web and find out about the current exchanging stunts, factors influencing the forex market, and how to oversee dangers when exchanging Forex. Each time you see another chance, practice due to constancy before you can grasp it.
Be sure to check out the video:
Comments