AUDJPY Move Above 90.30 R Zone

AUDJPY Breaks The 90.30 Resistance Zone:

The AUD/JPY pair took a upward movement, starting from 86.847 since March 24 2023. It continues a bullish movement till date.

This movement was determined by the demand and supply force tied to economic activities between both countries.

ln view of the (RBA) Reserve Bank Of Australia hike option and also BoJ rollout anticipation on inflation, range of 1.6 to 1.9% for CY2025, it has broken it's resistance zone 90.30.

The global economy, inflation, household spending, work force will be considered by the RBA future cash rate policy.

Also considering the media briefing by Philip Lowe, governor, on review of the RBA come tomorrow April 20 2023. Will the outcome of the governor's speech bust the AUDJPY bullish movement.

Can this force keep the pair in an upward direction that will break 93.200 level? if economic activities stimulate it's bullish ride.

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PMIs Release And Friday FX Market

Can PMIs release drive FX market Friday this week?

For US:

Friday Market outlook: S&P global - manufacturing and services PMIs.

S&P global manufacturing and services PMIs is created by S&P Global and chartered institute of purchase and supply from the response questionnaires that is sent to purchasing managers in a panel of about 800 manufacturers.

This is determined by detail company work force size contribution to GDP.

Insight with respect to the S&P global manufacturing and services PMIs, market sees a slight drop with the manufacturing diffusion index target at 49.0 (from 49.2) and services at 51.5 (52.6).

Will the market run with this data point, but if it print below 50.0 on either metric that will be difficult to ignore and result in USD selling and gold for bull move.

UK:

Friday - S&P global PMIs. On focus their is a good improvement with the manufacturing diffusion index aimed at 48.0 (from 47.3), while services may improve at a slightly slower pace at 54.5 (55).

EURUSD 1-week implied volatility keeps it at 13th percentile of the annual range, market is showing signs, which likely will not affect its demand and supply flow.

The PMIs release complied by the chartered institute of purchase and supply and the S&P Global, It's data shows the economic activities in the UK service sector. This does not affect the GDP mainly.

The manufacturing PMI also plays an important role in the flow of demand and supply components in the market outcome. If reading above 50 is a positive GBP and below 50 that's a reduction for negative outcome.

YOU CAN ALSO READ

• Moving Average (MA)

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  Forex trading is the process of speculating on currency prices for profit. Currencies are paired so that trading is possible.

• Trading Platform For Retail traders:

  Trading Platform For Retail foreign exchange speculative traders.

• What is currency Pair:

  Understanding Currency Pairs All transactions made on the forex market involve the simultaneous buying and selling of two currencies.

Moving Average Trading Strategy For Forex Traders:

 MOVING AVERAGE STRATEGY:

MA

The moving average is one of the most common trading strategy used by forex traders. It depends on the moving average cross over. 

A moving average trading strategy consist of different kinds base on the MA configuration. They are the simple moving average ( SMA), exponential moving average ( EMA), smoothed moving average ( STMA), linear weigh moving average (LWMA).

 The idea rooting this trading strategy reviews or shows price action within a particular reversal level be it at the top or bottom. 

This trading strategy make use of moving average as a signal for change in trend direction be it short or long trend within a forex market environment.

 On this online learning platform, a moving average of 20 and 40 simple movings average will be.......

FOREX Trading Platform

 

Trading Platform For Retail traders

 Trading Platform For Retail foreign exchange speculative traders.

Brokers: The brokers provide trading platform for forex traders.You should always choose a licensed, regulated broker that has a minimum of five years experience. These brokers will offer you peace of mind as they will always be serious with funds protection. Once you open an active account, you can start trading forex — and you will be required to make a deposit to cover the costs of your trades. This is called a margin account and it got access to financial derivatives like CFDs to buy and sell currencies.

Newbies most know the fact that trading for beginners isn’t an overnight got it. You need time to become familiar with the markets , get information, be educated. It is better to start with a demo trading account. Get a demo account and learn at same time a good practical understanding of the forex markets movement and environment.

Trading platforms For Online speculative Traders:

Computer Softwares are developed for online trading, these Softwares enable retail foreign exchange speculative traders to gain access into the online financial markets. These are done electronically via a trading software ie Meta Trader 4 trading App, Meta Trader 5 trading App and a web based trading platform. READ MORE >>>

GET A BOOK from the lists of forex trading books for more insight about forex market and forex trading.

List Of Forex Trading Books

FOREX TRADING

Forex trading is the process of speculating on currency prices for profit. Currencies are paired so that trading is possible. Currencies are traded in pairs, which results to exchange of one currency for another. A trader is speculating on whether one currency will gain value or lose value against the other.

The value of a currency pair is influenced by or depends on trade flows, economic, political and geopolitical events happening around the world. This activities affect the supply and demand of forex. This financial activities generate daily volatility that may offer a forex trader new opportunities.

Online trading platforms provided by global brokers gives trader's access to buy and sell currencies from their phone, laptop, tablet or PC. Forex trading can be done any place, provide a trader has an internet connection and also registered with a brokerage firm.

You can read and get more insight about forex trading.

GET A BOOK from the lists of forex trading books for more insight about forex market and forex trading.

List Of Forex Trading Books

Forex Explained For Beginners

What is forex?

Forex is short for foreign exchange – the transaction of changing one currency into another currency. This process can be performed for a variety of reasons including commercial, tourism and to enable international trade.

Forex is traded on the forex market, which is open to buying and selling of currencies 24 hours a day, five days a week and is used by banks, businesses, investment firms, hedge funds and retail traders.

What is the forex market?

Forex market can be considered as the largest and most liquid financial market in the world. The forex market has an estimated average global daily financial trading activities worth more than US$6.5 trillion.

There is one critical feature of the forex market and that is no central marketplace or exchange in a central location, as all trading activities is done electronically via computer networks which is known as an over the counter (OTC) market.

what is FX:-

The foreign exchange market, A.K.A the forex market

The foreign exchange (also known as forex or FX) market can defined as the global marketplace where banks, institutions and investors trade and speculate on national currencies.

Forex trading:-

Forex trading is the process of speculating on currency prices for profit. Currencies are paired so that trading is possible. Currencies are traded in pairs, which results to exchanging one currency for another, a trader is speculating on whether one currency will gain value or lose value against the other.

The value of a currency pair is influenced by or depends on trade flows, economic, political and geopolitical events happening around the world. This activities affect the supply and demand of forex. This financial activities generate daily volatility that may offer a forex trader new opportunities. Online trading platforms provided by global brokers gives trader's access to buy and sell currencies from their phone, laptop, tablet or PC.

What is an online forex broker?

An online forex broker acts as an intermediary, enabling retail traders to access online trading platforms to speculate on currencies and their price movements.

Most online brokers will offer leverage to individual traders, which allows them to control a large forex position with a small deposit. It is important to remember that profits and losses are magnified when trading with leverage.

You can read and get more insight about forex trading.

GET THE BOOK

Forex Trading Book