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Daily Interbank market predictions

EUR/USD
1.0302 1.0272 1.0243
1.0184 1.0154 1.0125
GBP/USD
1.2182 1.2149 1.2115
1.2048 1.2014 1.1981
USD/JPY
135.85 135.59 135.32
134.79 134.52 134.26
AUD/USD
0.7027 0.7006 0.6985
0.6943 0.6922 0.6901
USD/CHF
0.9600 0.9577 0.9555
0.9510 0.9488 0.9465
USD/CAD
1.2967 1.2937 1.2908
1.2849 1.2820 1.2790

Articles

Trading Systems
The Quick Profit Scalping Trading Strategy
The Quick Profit is a simple trading strategy that brings good profit on small timeframes. It includes effective indicators included in the standard forex set. Despite the fact that the indicators included in its composition are rarely used in short-term trading, in the Quick Profit strategy they perform the function of trading on small time intervals, without losing any of its properties.
FX Articles (Guests)
Track your trading performance with Fxmerge
If you are keen to succeed in the world of Forex, you are surely going to enjoy what Fxmerge can offer you. This portal can be your best partner in managing your trading while keeping track of how your investments are going. Trading is all about experience and achieving good results, even though sometimes this is not always possible due to the inevitable risks associated with trading. However, if you keep track of your trading performance and learn to use this information to your advantage, you will be in a much better position to make well informed choices and decisions.
Indicators & EA
Average Trend MT5 trading indicator based on MA
The Average Trend is an indicator that helps to determine the current trend or its absence in the market. Thus, the indicator allows finding the best moment to enter the market after determining the trend. The indicator determines the presence or absence of a trend after its moving average turns into one of three colors , the first of which indicates an uptrend, the second a downtrend, and the third the absence of both of them. Trading with this indicator should only be made during a trend, since during the period of its absence trades are most often managed with a minimum profit. The indicator can be used with any currency pair on any timeframe, which creates convenience in own trading.
FX Articles
Mid-Year Fx outlook: How High Can the USD Go in 2022?
When will the Dollar Peak? – Look at Inflation Based on the technicals this could sometimes happen during the autumn months in the 112.00 - 114.00 DXY area.
Indicators & EA
The Squeeze Trading Indicator for MT5
The Squeeze indicator is designed to quickly determine the current trend and then get the opportunity to trade. The indicator itself consists of two parts, the first of which is the indicator histogram, which, depending on the current market situation, is painted in a certain color, while being above or below the zero level, and the second part is the signal line of the indicator, which basically moves in the same direction as the histogram. In addition to the trend, the Squeeze indicator is also able to determine its absence, that is, the lateral movement, which appears at the moment when the indicator temporarily stops forming histogram columns. The indicator is suitable for use on any currency chart using a convenient timeframe.

Daily analysis and trade ideas

Daily analysis
USD/CAD: technical analysis and trading recommendations_08/12/2022
Today's publication at 14:00 (GMT) may be a driver for further growth if the US data (University of Michigan Consumer Confidence) turns out to be positive. The breakdown of the resistance level 1.2785 (EMA144 on the daily chart) will be a signal for new long positions in USD/CAD. In an alternative scenario, and after the breakdown of support levels 1.2755, 1.2740 (Fibonacci 38.2% of the downward correction in the USD/CAD growth wave from 0.9700 to 1.4600), USD/CAD will return to the bear market zone. Support levels: 1.2755, 1.2740, 1.2700, 1.2550, 1.2520 Resistance levels: 1.2785, 1.2831, 1.2860, 1.2960, 1.3000, 1.3070, 1.3100, 1.3200
Daily analysis
DXY: Summary and Expectations
Now, the likelihood of a 75bp Fed rate hike fell to 35% in September from 80% (before the publication of the CPI index), according to the CME Group. At the same time, the mood of dollar buyers is supported by the statements of representatives of the Fed's leadership about the possibility of continuing the super-hard cycle of raising the interest rate. For example, San Francisco Federal Reserve Bank President Mary Daly said on Thursday that a 50 basis points rate hike in September "makes sense" given the latest economic data, including inflation. In a media interview, she highlighted the possibility of a 75 basis points rate hike at the Fed meeting in September if macro data so requires.
 
 
 
 
 
 
 

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Support Resistance indicator
The indicator draws the most important support/resistance price zones watched by many traders and institutions. The market is expected to react on the price zones. The indicator is highly robust and can easily spot profitable opportunities. You can use it on all currencies and timeframes as the indicator is absolutely universal.