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We represent our services with a simple style trying to help the beginners too.

As we respect our clients' minds, We always tell them about our reasons and the change of current market sentiment and how this can change the best to buy and the best to sell.

Forex and CFDs are the most volatile markets, so you should be dynamic enough to catch up with any change of the current market sentiment.

Walid Salah El Din's description of the current market sentiment trading in Arabic on 11/1/2016  

 

Some T.V meetings with Walid Salah El Din:

Walid Salah El Din's talking about The Greenback and The Precious Metals on 3/1/2019 at Skynews Arabia

Walid Salah El Din's talking about Metals and Currencies on 27/12/2018 at Skynews Arabia

Walid Salah El Din's talking about The FOMC meeting outcome on 20/12/2018 at Skynews Arabia

Walid Salah El Din's talking about The G20 meeting outcome on 3/12/2018 at Skynews Arabia

Walid Salah El Din's talking about The precious metals on 18/11/2018  at Skynews Arabia

Walid Salah El Din's talking about Gold on 6/11/2018 full meeting at Skynews Arabia

Walid Salah El Din's talking about The Crypto Currencies on 4/1/2018 full meeting at CNBC Arabia

Walid Salah El Din's talking about Bit coin on 9/12/2017 full meeting at Skynews Arabia

Walid Salah El Din's talking about Bit coin on 30/11/2017 full meeting via a Facebook link

Walid Salah El Din's talking about Bit coin on 30/11/2017 part #1

Walid Salah El Din's talking about Bit coin on 30/11/2017 part #2

Walid Salah El Din's talking about the Chinese growth slowdown on 9/9/2015

Walid Salah El Din's talking about the oil on 19/8/2015

Walid Salah El Din's talking about USD direction on 22/7/2015

Walid Salah El Din's talking down EURUSD and Gold, after the Greek deal and Yellen's testimony on 16/7/2015

Walid Salah El Din's talking about the inflation outlook in UK and BOE's direction on 16/6/2015

Walid Salah El Din's talking about Oil and Gold on 2/6/2015

Walid Salah El Din's talking about the greenback weakness on 14/5/2015

Walid Salah El Din's talking about the gold recent consolidation on 12/2/2015

Walid Salah El Din's talking about the RBA's decision of cutting the interest rate by 0.25% on 3/2/2015

Walid Salah El Din's talking about EURUSD outlook in 2015, after the oil slide in 2014 on 29/12/2014

Walid Salah El Din's talking about the Fed's meeting on 17/12/2014

Walid Salah El Din's talking about the interest rate outlook in US on 19/11/2014

Walid Salah El Din's talking about The Japanese GDP preliminary contraction in the third quarter on 19/11/2014

Walid Salah El Din's talking about the slide of the US treasuries yields and the equity market  correction on 16/10/2014

Walid Salah El Din's talking about the central banks' directions effects on the raw material prices on 4/9/2014

Walid Salah El Din's talking about the slide of the US major stocks indexes on 4/8/2014

Walid Salah El Din's talking about the the release of the Fed's meeting minutes of July 30 2014 on 21/8/2014

Walid Salah El Din's talking about PBOC's efforts to lower the shibor rate on 24/12/2013

Walid Salah El Din's talking about Forex trading in the Arab countries on 28/11/2013

Walid Salah El Din's talking about the gold falling on 27/6/2013

Walid Salah El Din's talking about G20 meeting on 17/2/2013

Walid Salah El Din's talking about EURUSD technically on 29/1/2013

Walid Salah El Din's talking about World Bank global growth expectations on 16/1/2013

Walid Salah El Din's talking about the fiscal cliff deal impact on 6/1/2013

Walid Salah El Din's talking about the fiscal cliff on 29/11/2012

Walid Salah El Din's talking about Greece debt Crisis on 22/11/2012

Walid Salah El Din's talking about Metals on 13/11/2012

 

These interviews at CNBC Arabia were in Arabic.

For watching the results after trading US September 2012 Non Farm payroll release click here

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For watching more results of 2012, you can click here

 

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15/2/2019 - EURUSD faces increasing downside pressure

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The single currency is struggling to stave off its slide against the greenback, as the market sentiment is still dominated by the European economic slowdown and its impact on the interest rate outlook in the euro zone which can suffer further in case of reaching no Brexit deal.
The investors have been shocked this week by zero quarterly GDP growth in Germany in the last quarter following shrinking by 0.2% in the third quarter, after Italy scored previously faster quarterly shirking in the fourth quarter of last year by 0.2%, After shrinking by 0.1% in the third quarter.
They Germane shocking figure came, after European Commission revised down its forecast for EU GDP growth in 2019 to only 1.3%, after it was forecasting 1.9% last November expecting growth in Germany this year by only 1.1% after it was expecting last November growth by 1.8%.
These data came along with last month ECB's signal that the risks surrounding the EU growth have turned to the downside, amid persisting geopolitical uncertainty and protectionism threats.
The ECB can struggle longer than expected to find its path to normalize the monetary policy, while the speculations of ECB's missing of this Fed's tightening cycle are mounting.

As The Fed started to adopt more cautious stance can be developed to easing stance in case of increasing of the downside pressure and facing lower pricing pressure
After The FOMC clarified its current worries about sluggish inflation in US which has consistently fallen below its 2% yearly goal, following its recent meeting by the end of last month.
The FOMC said also it is prepared to slow or even reverse the steady course of selling of its held portfolio of Treasuries and mortgage bonds which has been uploaded during the credit crisis for propping up the economy.
After it has finally omitted from its released economic statement that some further gradual increases would be warranted placing that the Fed would be patient in evaluating the health of the economy.
 


EURUSD Daily Chart:

EURUSD could not maintain a place yesterday above 1.13 and today it could not reach this level to find currently aggregated selling pressure driving it closer to 1.1250 to contain all of yesterday rebounding try sending dovish sign over the short term.
This downward wave can be extended to the downside for opening new range of trading has not been seen since Jun. 27 2017, in case of breaking last Nov. 12 supporting level at 1.1215 raising the downside momentum.
EURUSD is now in its seventh day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.1432.
The pair is still depressed by continued trading below its daily SMA50, its daily SMA100 and also its daily SMA200.
EURUSD daily RSI-14 is referring now to lower existence inside the neutral region reading 38.432
While EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line barely inside the neutral territory at 20.301 close to its oversold area below 20 leading to the downside its signal line which is higher at 23.440, after negative crossover inside the neutral area.

Important levels: Daily SMA50 @ 1.1387, Daily SMA100 @ 1.1403 and Daily SMA200 @ 1.1529
Experienced S&R:
S1: 1.1215
S2: 1.1109
S3: 1.0838
R1: 1.1341
R2: 1.1514
R3: 1.1569




Have a good day


Kind Regards
Global Market Strategist

Walid Salah El din
E-mail: mail@fx-recommends.com

 

 

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