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pepy
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Everything posted by pepy
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USDJPY on H1 chart formed bullish engulfing pattern and strong enough to push the price. The price also already enter the middle band. Parabolic SAR is bullish in this chart, Stochastic(5,3,3) and RSI(14) both rose to level 57 and 39. MACD(12,26,9) in green zone and formed higher high. The bias is bullish and may target 100.80 as the highest point.
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AUDUSD on 1 hour chart indicates that the price above EMA100 also pivot line, with the price opening is above pivot level. RSI(14) fall down to around level 57, Stochastic(5,3,3) fall down to around level 74, while MACD(12,26,9) formed lower high on the green zone. Parabolic SAR is bearish here. Based on the analysis above this pair is predicted to bullish with resistance at 0.7700
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Gold on 1 hour chart indicates that prices are still depressed below EMA100, where the price is break the middle band and closed below. RSI in this chart descend to around level 35 and so do Stochastic in this chart fall down to around level 55. MACD on red zone but forms higher low. Parabolic SAR is above the price which means bearish. Based on the analysis above Gold is predicted strong bearish with support at 1315.00
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GBPJPY on 1 hour chart indicates that the price is above EMA100 and the price also successfully break the upper band. With this the price may under bullish pressure. RSI(14) seems rise to around level 61 and Stochastic(5,3,3) rise to around level 72. The parabolic SAR is moving below the current price candle and MACD(12,26,9) formed lower high on green zone. Based on the analysis above , the pair is predicted strong bullish with resistance at 132.00
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USDCHF on h1 chart saw the price formed bullish engulfing pattern and the price also able to break EMA100 and closed above. RSI(14) in this chart is moving up to around level 53, while Stochastic(5,3,3) rise to around level 67. MACD(12,26,9) formed higher high on green zone and Parabolic SAR is moving below the current candle. Price target is at 0.9730
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EURJPY on 1 hour chart indicates that the price broke hovering around EMA100 line, but it seems showing small signal to break it.RSI int his chart seems rise to around level 50, Stochastic (5,3,3) fall down to level 68, while Parabolic SAR is below the candle which means bullish and MACD with lower high on green zone. Based on the analysis above this pair is predicted moderate bullish with resistance at 113.50
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GBPCHF on 1 hour chart indicates that the price above EMA50 and EMA100 with the price since the opening is above pivot level which means it may be bullish. In this chart also RSI observed to ascend the higher level at around level 56, while Stochastic(5,3,3) also do the same with rise to level 49. MACD formed lower high on green zone which means bullish, and Parabolic SAR which is moving below the price and it means bullish. Based on the analysis above this pair is predicted strong bullish with resistance at 1.2679
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hone your trading with a demo account and a real account
pepy replied to rizal83's topic in Forex Newbies
Wanna honing your skills? Both are ready for you to use. The problem which one is more suitable for you? Choose! There are traders who think real account is the best place to learn and earn you don't have to shit with demo account, but to me demo account is a good place to learn and do the mistake and learn from it without need to put the risk into your shoulder. -
The concept is buy low sell high, that applies for foreign exchange and also for stock or even for futures this is the basic concept of trading, and the difference between those buy and sell price is our profit. Futures basically included forex, but futures more like a contract which need to be done in future, while Spot forex trading is nearly instant.
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Can no deposit free money help you achieve success on forex ?
pepy replied to kaito kid's topic in Forex Newbies
Someone who have that much capital, will be need what we called as bonus. and no deposit free bonus or money is suitable for them, for me that would be helpful for them especiallly when they want to achieve success faster rather than before. Overall it is good for newcomers but for advanced trader they won't bother with it -
Doji seen on 1 hour time frame chart of EURCHF, and the price seems rise and trying to test resistance level at 1.08948 and may break it later. RSI(14) in this chart seems rise to level 56, while Stochastic(5,3,3) rise to level 69, Parabolic SAR is also moving below the price which means bullish. Bias for this pair has potency to test the resistance level at 1.09117 later.
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On the 4 hour time frame EURJPY saw the price created a shooting star when prices failed to pass the 3/8 murray math area at 113.672. The other indicator which are Macd (12,26,9) just formed higher low, and RSI(14) fall down to around level 50. Stochastic (5,3,3) fell down to level 71. Parabolic SAR is moving above the price so the bias is bearish with support at 112.891
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On 1 hour time frame chart it seems that GBPJPY still under bearish sentiment, judging by hanging man which formed in this chart also the price just break the middle band. RSI(14) slightly rise to level 51, MACD on red zone, Parabolic SAR is moving above the price which means bearish and EMA100 fall down. The bias is bearish and price may fall to 130.70
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Shooting star formed on 1 hour time frame chart of this commodity indicate that this commodity may fall deeper. Next the other indicators which are RSI and Stochastic both fell down to lower level, where RSI(14) fell to 32 and Stochastic fell down to 47. MACD(12,26,9) formed higher low on red zone. Parabolic SAR is moving above the price which means bearish. Target is at 1328.90
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There are slightest chance for USDJPY to rise higher or to fall lower. I can say at the moment it is sideways and not to mention RSI and Stochastic is rising but slightly to 54 and 44 respectively, while MACD on green zone but still on the transition from red zone with higher low. The bias is bearish but if the price able to break EMA100 and closed above, there will be bullish reversal.
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CADJPY on 1 hour time frame chart saw that this pair tried to stay above the lower band with a closing price pattern forming lowers high. Other indicators such as RSI(14) rose to higher level or exactly at level 38 and Stochastic (5,3,3) observed to rise up to around level 29 and Parabolic SAR is moving above the price. MACD formed lower high on green zone. Overall it is weak bullish and the highest price today is at 76.758.
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On the 1 hour time frame EURAUD pair penetrated the upper channel and closed above the current channel gives more chance for bullish to dominat the market. Not just that all indicators seems agree with it. Macd (12,26,9) formed higher high and on green zone. RSI(14) rise to around level 86 while Stochastic (5,3,3) rise to around level 81 which means it is bullish. Bias prices is potentially strong bullish towards 1.4800 which act as psychological resistance.
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AUDCHF successfully penetrate the lower band at 4 hour time frame after closing below 0.7400 which act as psychological support. Doji seems able to penetrate the middle band and macd (12,26,9) formed lowers low on red zone. RSI(14) fell down to level 43. Stochastic (5,3,3) fell down to level 19. Bias prices is strong bearish aiming 0.73242 as the next target.
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Doji observed to form itself on EURGBP's 4 hour time frame when the price failed to break the resistance at 0.86670. By this condition it seems this pair is under bearish sentiment. Macd (12,26,9) formed higher low on red zone. RSI(14) fall down to level 67. Stochastic (5,3,3) fall down to around level 82. Bias for this pair is bearish with the support located at 0.86060.
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GBPCHF on 1 hour time frame saw the price formed hammer and the price also break the lower band. Parabolic SAR in this chart is moving below the price which means bullish, RSI and Stochastic also move to higher level indicated bullish trend, but MACD and EMA100 seems bearish for now. The bias is bullish and price so far may rise to 1.2620 at most
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Bullish engulfing candlestick pattern was formed on EURUSD's 30-minute time frame which penetrates the upper band and closed just exactly above that band. RSI(14) rise to around level 66 and Stochastic(5,3,3) rise to around level 82. Parabolic SAR is moving below the price and MACD(12,26,9) formed lower high on green zone. I say the vote is BUY.
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NZDUSD on h1 chart is bearish, and Big black candle spotted too while Parabolic SAR is moving below the price which means bullish, EMA100 which get a breakout and closed below which mean long term bearish. RSI(14) fall down to level 44 and MACD(12,26,9) in red zone and formed lower low. The bias is bearish overall and price may fall up to 0.7215 .
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USDCAD's price on 1 hour time frame formed morning star and before even break EMA100. Parabolic SAR is moving below the current price with EMA100 indicated the bullish trend. RSI rise to 59 while Stochastic rise to level 60. MACD(12,26,9) formed higher high on green zone. The bias based on that all is bullish, target for this pair is at 1.3205
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USDCHF on H1 chart saw the price failed to break EMA100 and indication for more bearish trend. EMA100 and Parabolic SAR is showing bearish signal, while RSI(14) fall down to level 49 and Stochastic(5,3,3) fall down to level 32. MACD(12,26,9) in the red zone. The bias is bearish and the falling target is at 0.9680
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GBPUSD's price on 1 hour time frame observed to be bullish, first it seems that hammer formed with long wick. Parabolic SAR is moving below the price in this chart which means bullish, RSI and Stochastic both rise to level 48 and 70 respectively while MACD(12,26,9) in the red zone, only with higher low which means weak bearish. Based on all evidence, the conclusion for this pair is bullish, target is at 1.3005