Forex Trading: AUD/USD Pulls Back on New Trade War Fears

as declared in Therefore, any adverse measures taken by trade partners like the U.S. on Chinese goods have had a negative impact on the Aussie. And given the current rate of the AUD/USD pair of 0.7420, this implies potential profits of 30-60 pips realizable on a short-term timeframe, potentially this week. And when we extend the timeframe to the daily chart, intermediate trading opportunities emerge while long-term direction becomes even clearer. This triggered the rebound discussed earlier in this article, and now, it appears to have hit the 50% Fib level positioned at just below the psychological key level 0.7500, again another key reversal zone on a technical perspective. As such, the bears will be targeting profits at (S1) at around 0.7300, which coincides with the 61.8% Fib level.

Risk Management in Forex Trading: Tips & Tricks

Risk management becomes more and more popular not only among traders, but also companies and individuals whose job is related to management and business administration. It is extremely hard to keep business afloat without professional risk management. To be a successful trader, you should learn how to identify risky operations, estimate the risk level and reduce it so that it will allow them to earn stable incomes. Here are the list of useful tips & tricks for better risk management. Cut your lossesThe loss control system is a common type of risk management in the Forex sphere that helps traders fix their losses.

Forex Trading: GBPUSD Technical Analysis – July 12, 2018

As it stated in The technical bias remains bearish because of the lower high in the recent upside move. GBP/USD Technical AnalysisAs of this writing, the pair is being traded around 1.3205 A support can be noted near 1.3100, a psychological level ahead of 1.3055, the horizontal support level and then 1.2953, another major horizontal support as demonstrated in the given below chart. On the upside, a resistance can be noted around 1.3643, an immediate trendline resistance level ahead of 1.4000, a major psychological number and then 1.4342, the confluence of a horizontal and trendline resistance as demonstrated in the given below chart. The technical bias shall remain bearish unless the 1.4000 resistance level is broker. The downgrade to first-quarter growth reflected weaker consumer spending and a smaller inventory build than the government had estimated last month.

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