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Abstract:WikiFX| Daily F.X. Analysis, July 9 |Desmond Adeosun-KOL
[About The Author]
With a degree in Mathematics and Economics,Desmond is a Proprietary Trader and Market Analyst who places a strong emphasis on technical analysis and focuses on applying a top-down approach for the application of discretionary trading techniques and strategies.He prefers to use both technicals and fundamentals to form an opinion on market sentiment and identify trading opportunities.Desmond is a driven individual who has a passion for financial markets and self-development.
WikiFX
App is a third-party inquiry platform for company profiles.WikiFX has
collected 17001 forex brokers and 30 regulators and recovered over
300,000,000.00 USD of the victims.
It, possessed by Wiki Co., LIMITED that was established in Hong
Kong Special Administrative Region of China, mainly provides basic
information inquiry, regulatory license inquiry, credit evaluation for
the listed brokers, platform identification and other services. At the
same time, Wiki has set up affiliated branches or offices in Hong Kong,
Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted
WikiFX to global users in more than 14 different languages, offering
them an opportunity to fully appreciate and enjoy the convenience
Chinese Internet technology brings. WikiFXs social media account as
below:
Facebook:
USA Area:https://www.facebook.com/WikiFX.US/
UK Area:https://www.facebook.com/Wikifx.UK/
Nigeria Area:https://www.facebook.com/WikiFX.ng
Twitter:
Areas where English is an official language:https://twitter.com/WikiFX_Eng
More details about how to download WikiFX App:
Please download WikiFX APP from links below or scan QR code :
App Store: https://apps.apple.com/us/app/fxeye/id1402501387?l=zh&ls=1
Google Play: https://play.google.com/store/apps/details?id=com.foreigncurrency.internationalfxeye
If you have any questions, please feel free to contact us at wikifx@wikifx.com
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Wiki Forum Forum Function:
In order to help more investors, WikiFX has launched the WikiFX
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The exposure function of “WikiFX Forum” includes the following features:
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As long as there is sufficient evidence, a review panel and an
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Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiFX| Daily F.X. Analysis, August 28 |Arslan Ali Butt-KOL
The last three months has been a state of dull to especially swing traders who were riding the bearish trend as there now caught up in a range zone for the stated trading duration period. Earlier in the year, we saw a significant strong bullish move that started right about 1.61034 price handle and as per now it is still holding fort as a credible support level with four retest to the upside. It may not lost on market participants that that level still holds some very worthwhile long limit orders or buys orders from large players and position traders.
GBP/USD edges higher and it’s almost to hit 1.3285 yesterday’s high as the greenback is punished by USDX’s sell-off. The pair has confirmed again that the bullish bias remains intact on the Daily chart. Another higher high, a bullish closure above 1.3285 brings in new long opportunities. USD takes a hit from the US Dollar Index which failed once again to take out a dynamic resistance. USDX is traded at 92.61, right above 92.55 critical support. A valid breakdown validates a deeper drop and EUR/USD bullish run.
Even though my sentiment for this pair is still bearish, as one looks at a text book perfect descending channel and where the upper trend line really being respected as strong support line having being tested four times. Nevertheless, it seems currently as we near close of monthly trading session, either sellers may be giving up ground, facing some bearish trend exhaustion or purely taking out some of the profits if at all not taking out their positions.