Although the interest rate cut, it seems that the Greenback is back to be bullish.
Also, it seems that the Greenback gets strong against most of the other currencies.
In D1 chart, we can see a bullish outside bar candlestick pattern which is a strong reversal candle.
The daily candle from the 13/08 engulfed the two previous candles, it’s a big green candlestick.
We can see also that the close price of this candle is also the high of it, which indicates the determination of the buyers on this day.
In the H1 chart, we can see the right level to buy the Greenback against the CHF which is the fresh demand below.
This demand created the daily outside bar candlestick pattern.
This confluence between MACD divergence and a fresh demand creates a very reliable setup for buy position.
In the H1 chart, we can see also a divergence between the MACD indicator and the price.
While the price creates a higher high the MACD creates a lower high.
This divergence may indicate the price on it’s way to a technical correction before Greenback continues it’s way up.
This technical correction can drop the price to the demand below, if that happened we should buy there.
The target for this buy position will be the supply above which we can see on the D1 chart.
The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.
Get Your Forex Funded Trading AccountOffice Hours:
Sunday – Thursday
07:00 – 15:00 GMT
Fridays
07:00 – 12:00 GMT
Email:
[email protected]
Office:
Headquarters
14 Haharoshet st, Raanana, Israel
Website Disclaimers
Five Percent Online Ltd. (“We”, “Our”, “Us”, or “Company”) operates as a proprietary trading firm. The Company is not a custodian, exchange, financial institution, trading platform, fiduciary or insurance business outside the purview of financial regulatory authorities. “The5%ers” is a brand name operated by the Company.
All trading activities conducted through the Company Hub are executed in a simulated environment. Users should be aware that the trading results in this environment do not reflect real trading outcomes. The simulated trading environment in the Hub is designed for educational and evaluation purposes only. The “funds” provided to you for the evaluation are fictitious, do not represent any currency, and that you have no right to possess those fictitious funds beyond the scope of their use within the Hub and for the sole purpose of the evaluation, and in particular that they may not and cannot be used for any actual trading and that you are not entitled to any payment or other right in or of those funds.
Becoming a funded user is not guaranteed. The eligibility for becoming a funded user is contingent upon meeting specific performance criteria and compliance with the Company’s evaluation processes. Not all users will qualify for funded accounts, and past performance in the simulated environment is not indicative of future success.
All content published and distributed by Us and Our affiliates is to be treated as general information only. None of the information provided contained herein is intended as (a) investment advice, (b) an offer or solicitation of an offer to buy or sell, or (c) a recommendation, endorsement, or sponsorship of any security, company, or fund. Testimonials appearing on the website may not be representative of other clients or customers and is not a guarantee of future performance or success. Use of the information contained on the website is at your own risk and the Company and its partners, representatives, agents, employees, and contractors assume no responsibility or liability for any use or misuse of such information.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Five Percent Online LTD – Copyright © 2024.
You must be logged in to post a comment.