Hello.Below is some advice on forex trading on 26.08.2015
on EURUSD pair price retraced back to the level of 1.14600 and formed a pattern of inner bar.Probably worth waiting for the continuation of growth of the price.The deal on the pattern recommended go carefully, becauseWe get a very large Stop Loss.
on a pair GBPUSD pattern was formed with the support rails at the resistance level of 1.57761.The level is quite strong, but sales do not think should go, becausemaybe it's just a small correction before resuming growth.The transaction is not recommended to go on the pattern.
On AUDUSD pair has formed a bit of a wrong price pattern inner bar area 0.71666 level.I should not expect continuation of falling and the trend down.The deal on the pattern recommended go carefully, becauseWe get a very large Stop Loss.
dollar weakened slightly against the yen trading below ¥ 120 in Tokyo on Tuesday evening.
At 5 pm the dollar was worth ¥ 1
US currency provoked a ransom in the early trading hours in Tokyo, after a sharp fall below ¥ 117 for the first time in seven months on the New York trading during the night because of the flurry of sales in stock markets showing decline caused by the weakening of Chinese stocks.
Concerns about the course of the global economy, as well as speculation over the prospects opened later than expected increase by the US Federal Reserve interest rates, contributed to the increase in the dollar volume of sales against the yen in US trading hours.
Chief Cabinet Secretary Yoshihide Suga said Tuesday that despite the global sliding stock prices, Tokyo is developing a program of cooperation with the ministries of finance and central banks of the other seven major industrialized countries.
Australian dollar slowed as traders remain cautious, watching the news from China.
At 0700 AEST on Wednesday the currency traded at 71.30 US cents, up from 71.81 cents on Tuesday.
night Shanghai expanded to the worst defeat in the last 20 years, simultaneously encouraging the PBOC to resort to new measures to stimulate the economy, as global markets have rebounded slightly.
«We are still in an uncertain environment, as global stocks are on and some investors are showing an appetite for risk," said Mr. Sharif, a currency strategist at Bank of New Zealand.
US stocks finished lower than expected, for the sixth consecutive session, showing a three-digit decline in the Dow index.