Get started

Nakedchartanalysis

XAUUSD IDEA2 main factor price rally up yesterday - ISM Manufacturing PMI The August PMI indicates that US manufacturers are enduring a torrid summer, with the main survey gauge down to its lowest since the depths of the financial crisis in 2009. Output and order book indices are both among the lowest seen for a decade, indicating that manufacturing is likely to have again acted as a significant drag on the economy in the third quarter, dampening GDP growth. “At current levels, the survey indicates that manufacturing production is falling at an annualised rate of approximately 3%. “Deteriorating exports are the key to the downturn, with new orders from foreign markets dropping at the fastest rate since 2009. Many companies blame slower global economic growth for weakened order books, but also point the finger at rising trade war tensions and tariffs. “Hiring has stalled as companies worry about the outlook: optimism about the year ahead is at its lowest since comparable data were first available in 2012. Similarly, price pressures are close to a threeyear low, as crumbling demand has removed firms’ pricing power -tweet frm trump (Trade war)
OANDA:XAUUSDLong
by UnknownUnicorn375943
GBPAUD TRADE IDEA POTENTIAL 200-300 PipsWhat’s Up Forex Community... Been a long time, however #ForexFargo checking back in. Analysis is on #GBPAUD today. Will Be Looking For Long as long as... Holds as Support Zone Wait for Price Action confirmation Price has potential to stop hunt & wick off @ A Daily Low level of 1.80550ish for Premium Entries (aggressive) Wait for 1hr closure above zone for solid confirmation (conservative) Potential 200-300 Pip Reward Potential Entries would be @ 1.80550-181250 Waiting to see what AUD news does later in terms of creating potential stop hunts and getting better entries at a institutional level if possible. If price doesn’t make it down to my projected area, then I will look to enter this trade as price enters my zone marked as a conservative approach with less risk involved.
by BearishBull617
EURNZD POTENTIAL COLLAPSE ON RESISTANT!.My Idea On EURNZD . EURNZD potential collapse since the price has been rejected on daily resistant and DownTrend Trendlines. If Price fail to close ABOVE 1.70300 it will likely to go lower. INVALIDATION LEVEL IS AT 1.70700 Wait for pullback before ENTRY. Take-profit on nearest support. This is just my opinion on EURNZD . Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. Trade At Your Own Risk. Note:This Is Not A Trade-Call Happy Trading Pals.
Short
by Muizzudin
1