November 2016 - Forex Trading For Profit


Month: November 2016

Why Trade Forex

why trade forex

No ratings yet. Why do we trade Forex? This is a question we must decide right from the word go, why Trade Forex? Do we start trading to make quick money, a desired lifestyle, investment or just something to do like a hobby? Like a lot of us I wanted the money but quickly learnt Read the full article…

USDX Technical Analysis

USDX Technical Analysis

No ratings yet. USDX Technical Analysis A few month ago I post a technical analysis of the US Dollar Index on twitter.  It has played out as predicted and looking at a TP of around 103.00 for the USDX. US dollar index forecast — Paul Placucci (@Scalp_FX) September 3, 2016 Price stopped short of the Read the full article…

The Aussie Tumbles

AUD/USD Monthly break out

No ratings yet. The Aussie breaks long term monthly support The triangle breakout has been largely anticipated over the past few weeks and has played out as expected. After having several attempts to break above the buyers finally gave up. It came as no surprise how quickly the Feds changed their tune when Donald Trump became the Read the full article…

Com dollars victims of US rate increases

NZD/USD head and shoulders

No ratings yet. Com dollars victims of US rate increases A look at the Kiwi Dollar The unwind of the carry trade commences as the commodity dollars become victims of the US rate increases. Interest rate compression of yields has become massive as RBNZ cut interest rates again last week. The unwind of the carry trade as well Read the full article…

The Comdolls Trumped

Donald Trump

No ratings yet. Technical Analysis (Post Trump victory) AUD/USD The Comdols Tanked apon Donald Trump’s “shocked” victory on the 9th of November. Trumps policies are very Pro American  which in long term, will  have an effect on commodity based currencies. This affecting particularly Australia with having a close economic trade relationship with China. Initially the USD Read the full article…