How to Predict IQ Option Strategy
How you can Catch a Strong Trend After It’s Started
Trend following techniques are bread & butter for
financial traders regardless the form of trading or style of asset in question.
Trends are sustained price movements with predictable entry points and reliable targets. For most cases trends are slow and lumbering ; the secret to success to success lies in waiting patiently for entry signals to develop, not trading to soon and after that anticipating profits to come.
Occasionally, the tendancy is fast and sharp, price movements are rapid, gains are large and entry points less evident ; as is that the case in most of today’s dollar pairs.
Trends are sustained price movements with predictable entry points and reliable targets. For most cases trends are slow and lumbering ; the secret to success to success lies in waiting patiently for entry signals to develop, not trading to soon and after that anticipating profits to come.
Occasionally, the tendancy is fast and sharp, price movements are rapid, gains are large and entry points less evident ; as is that the case in most of today’s dollar pairs.
Global growth, specifically inflationary pressures, are
already to a small degree weak in recent months while US data has shown enough
acceleration to heighten expectation for three more FOMC rate hikes recently.
This situation has squeeze FOMC, and also the dollar, with a divergent path from other banks and the currencies (the Bank of Japan, the Bank of Canada and also the Bank of India specifically) driving the dollar higher. While moves of these pairs (USD/JPY, USD/CAD and USD/INR) are already large, They're Not over.
The truth is, they're just beginning. When a robust trend forms it often pays not to have to wait as momentum can carry it forward for your extended period.
This situation has squeeze FOMC, and also the dollar, with a divergent path from other banks and the currencies (the Bank of Japan, the Bank of Canada and also the Bank of India specifically) driving the dollar higher. While moves of these pairs (USD/JPY, USD/CAD and USD/INR) are already large, They're Not over.
The truth is, they're just beginning. When a robust trend forms it often pays not to have to wait as momentum can carry it forward for your extended period.
I highlighted the USD/INR last week inside my post Three Forex Pairs With Big Gains On The Way as in that case pair has outperformed my expectations. Having been searching for a break in the upside, past $65. 75, which has a target of $66. 50 over succeeding 2 months or so. The break out occurred the very same next day, the pair exceeded my long-term target and it is now consolidating at a whole new resistance level.
The indicators are consistent with resistance, both MACD and stochastic have formed peaks, but both are very strong. MACD has formed an extreme peak convergent while using new highs indicative of underlying strength within the market industry.
The pair is now expected to form a consolidation pattern, possibly a flag or small triangle, before moving higher. A break above new resistance, near $66. 75, will just be bullish which has a target near $68. 75. Support is present at $66. 30, an entry point for bullish swing traders.
The USD/CAD has made a significant reversal on dovish BoC
outlook and hawkish FOMC outlook.
Also read:
The pair has broken through possible resistance in the short term moving average with no trouble and today sitting just below another potential resistance target at 1. 2850. This level is that the neckline of any head & shoulders reversal pattern which formed only one month ago, the peak of which marks the highest of any likely trading range. The indicators are both bullish and upon the rise in support better prices so a break of resistance is likely. Once it fails targets at 1. 2950 and after that 1. 3100 be given play.
The pair has broken through possible resistance in the short term moving average with no trouble and today sitting just below another potential resistance target at 1. 2850. This level is that the neckline of any head & shoulders reversal pattern which formed only one month ago, the peak of which marks the highest of any likely trading range. The indicators are both bullish and upon the rise in support better prices so a break of resistance is likely. Once it fails targets at 1. 2950 and after that 1. 3100 be given play.
The USD/JPY formed a reversal on fundamentals, Japan’s
economy is struggling as you move the US is strong and accelerating and it is
extending its gains on dovish comments due to BOJ. The BOJ governor Kuroda says
QE is needed for years, well past next year, that is certainly fueling the
rally.
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