• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Any good fundamental to share lately

Daisy

Daisy

With the US capitol hill shut down and debt ceiling due date, the USD is weakening against the Euro and other currencies possibly. We have seen a rise in euro/usd to 3.6 something, the highest in six months with the recent news of the US. This is the late on fundamental of usd. How about you? What have you been following on the news? Mind sharing them.
 
sininfinity

sininfinity

I am not looking deep in to fundamentals but EUR/USD broke a major resistance at 1.146xx zone. And now trying to create a reversal move. So I am expecting EU will come back to near 1.146xx area and continue moving upward from there.
 
L

lioneld

sininfinity said:
I am not looking deep in to fundamentals but EUR/USD broke a major resistance at 1.146xx zone. And now trying to create a reversal move. So I am expecting EU will come back to near 1.146xx area and continue moving upward from there.
Click to expand...


Same observation! This pair already has broken a very crucial resistance level! So, I am also looking for buy trade opportunities!
 
S

Svetlana Loboda

lioneld said:
Same observation! This pair already has broken a very crucial resistance level! So, I am also looking for buy trade opportunities!
Click to expand...

Maybe or not; but right now we are in an intraday range! Buyers have break this level first; then we can expect a clean buy trend, otherwise not!
 
sininfinity

sininfinity

lioneld said:
Same observation! This pair already has broken a very crucial resistance level! So, I am also looking for buy trade opportunities!
Click to expand...

That was long ago. Now What I see is that EUR/USD has created a head & shoulders and broken the neckline. And is now bearish. And if the fall continues then it should be heading towards 1.207xx zone where it will also get a support.
 
L

Lee Mark

sininfinity said:
That was long ago. Now What I see is that EUR/USD has created a head & shoulders and broken the neckline. And is now bearish. And if the fall continues then it should be heading towards 1.207xx zone where it will also get a support.
Click to expand...

According to my chart reading, this year will be great for the EUR not for USD! That’s way, I am more interested to buy EURUSD than selling.
 
sininfinity

sininfinity

Lee Mark said:
According to my chart reading, this year will be great for the EUR not for USD! That’s way, I am more interested to buy EURUSD than selling.
Click to expand...

Lol. I don't look that much ahead. Anyways the head and shoulders pattern did not work and price went up without much falling. Right now it looks like EUR/USD may make a range between 1.255xx and 1.22xxx zone. Again no idea where price will be by the year end. lol
 
L

lioneld

sininfinity said:
Lol. I don't look that much ahead. Anyways the head and shoulders pattern did not work and price went up without much falling. Right now it looks like EUR/USD may make a range between 1.255xx and 1.22xxx zone. Again no idea where price will be by the year end. lol
Click to expand...

Yes, yearly analysis is always challenging. In my trading, my time frames are H1,H4 & D1. Even I don’t care about W1.
 
Vernessh

Vernessh

The goal of analyzing a company's fundamentals is to find a stock's intrinsic value, a term meaning what you believe a stock is really worth – as opposed to the value at which it is being traded in the marketplace. In plain English, this means that a company is worth all of its future profits added together.
 
L

lioneld

Vernessh said:
The goal of analyzing a company's fundamentals is to find a stock's intrinsic value, a term meaning what you believe a stock is really worth – as opposed to the value at which it is being traded in the marketplace. In plain English, this means that a company is worth all of its future profits added together.
Click to expand...

Hello; can you please elaborate your point actually? Because, I am little bit confused.
 
L

LorrainMor

Every trader must try to complete fundamental learning which will facilitate him effective thinking and decision making. Every trader must try to find out whether he is capable of understanding the market circumstances efficiently. And thereby the right choice of trades is the main theme here. However, again only choice of trades is not sufficient a trader requires finding out the best trading strategy which will help him to accomplish his goals.
 
L

lioneld

LorrainMor said:
Every trader must try to complete fundamental learning which will facilitate him effective thinking and decision making. Every trader must try to find out whether he is capable of understanding the market circumstances efficiently. And thereby the right choice of trades is the main theme here. However, again only choice of trades is not sufficient a trader requires finding out the best trading strategy which will help him to accomplish his goals.
Click to expand...

As you know; fundamental trading is more challenging than the technical! This is why, till now a number of traders try to rely on only technical and avoid the news trading.
 
A

Andrew McCalam

initial capital how can irrelevant i don't know . according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.
 
A

Alexander Hudson

Fundamental based trading is more challenging because, there is nothing like copy/paste theory in news trading! You can use popular Forex forums to learn the news trading, personally I use only major news events, and during the news session I use half trading lot size!
 
You must log in or register to reply here.

From the News

Latest posts

New Threads

Top