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Forex Trading - RichDadph

Logo of telegram channel richdadph — Forex Trading - RichDadph F
Logo of telegram channel richdadph — Forex Trading - RichDadph
Channel address: @richdadph
Categories: Cryptocurrencies
Language: English
Subscribers: 177
Description from channel

Welcome to RichDadph Trading Community Channel, a place where we discuss Financial Literacy through FOREX Trading.

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The latest Messages 35

2022-12-07 12:49:21 AUD/USD Price Analysis: Australia’s GDP Misses Forecast
https://www.forexcrunch.com/aud-usd-price-analysis-australias-gdp-misses-forecast/

Australia’s GDP increased by 0.6% in the third quarter, down from 0.9%. Australia’s annual growth rate accelerated to a dizzying 5.9%, outpacing China. On Tuesday, the RBA increased the cash rate by 25bps. Today’s AUD/USD price analysis is bearish. The September quarter saw a slight slowdown in Australia’s economy as sky-high prices and rising interest … Continued (https://www.forexcrunch.com/aud-usd-price-analysis-australias-gdp-misses-forecast/)
The post AUD/USD Price Analysis: Australia’s GDP Misses Forecast (https://www.forexcrunch.com/aud-usd-price-analysis-australias-gdp-misses-forecast/) appeared first on Forex Crunch (https://www.forexcrunch.com/).
16 views09:49
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2022-12-07 12:48:32 GBP/USD Price Maintaining Bullishness Despite USD Regain
https://www.forexcrunch.com/gbp-usd-price-maintaining-bullishness-despite-usd-regain/

The bias remains bullish as long as it stays above the ascending trendline. A new higher high activates further growth. Only a valid breakdown below the uptrend line invalidates an upside continuation. The GBP/USD price dropped a little after reaching 1.2344 yesterday. The pair is trading at 1.2207 at the time of writing. It is … Continued (https://www.forexcrunch.com/gbp-usd-price-maintaining-bullishness-despite-usd-regain/)
The post GBP/USD Price Maintaining Bullishness Despite USD Regain (https://www.forexcrunch.com/gbp-usd-price-maintaining-bullishness-despite-usd-regain/) appeared first on Forex Crunch (https://www.forexcrunch.com/).
14 views09:48
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2022-12-07 12:47:44 AUD/USD Price Analysis: AUD Bulls Welcome RBA’s 25bps Hike
https://www.forexcrunch.com/aud-usd-price-analysis-aud-bulls-welcome-rbas-25bps-hike/

The dollar is soaring against the Australian dollar after positive US data. The RBA raised rates by 25bps to 3.1%, the highest in ten years. The RBA expects Q4 inflation to be 8% higher than a year earlier. Today’s AUD/USD price analysis is bearish as dollar strength continues after yesterday’s upbeat US data. The markets, … Continued (https://www.forexcrunch.com/aud-usd-price-analysis-aud-bulls-welcome-rbas-25bps-hike/)
The post AUD/USD Price Analysis: AUD Bulls Welcome RBA’s 25bps Hike (https://www.forexcrunch.com/aud-usd-price-analysis-aud-bulls-welcome-rbas-25bps-hike/) appeared first on Forex Crunch (https://www.forexcrunch.com/).
15 views09:47
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2022-12-07 12:47:08 USD/JPY Outlook: BoJ to Abandon YCC in 2023 amid Inflation
https://www.forexcrunch.com/usd-jpy-outlook-boj-to-abandon-ycc-in-2023-amid-inflation/

The dollar rose after solid US services data. The Bank of Japan (BOJ) may ditch its 10-year bond yield cap as soon as next year. The BoJ will likely continue its ultra-loose monetary policy for the time being. Today’s USD/JPY outlook is bullish. Tuesday saw the US dollar maintain its strength against key rivals after … Continued (https://www.forexcrunch.com/usd-jpy-outlook-boj-to-abandon-ycc-in-2023-amid-inflation/)
The post USD/JPY Outlook: BoJ to Abandon YCC in 2023 amid Inflation (https://www.forexcrunch.com/usd-jpy-outlook-boj-to-abandon-ycc-in-2023-amid-inflation/) appeared first on Forex Crunch (https://www.forexcrunch.com/).
15 views09:47
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2022-12-07 11:29:15 Asia FX treads water between China reopening hopes, recession risks
https://ph.investing.com/news/forex-news/asia-fx-treads-water-between-china-reopening-hopes-recession-risks-755305
17 views08:29
Open / Comment
2022-12-07 03:19:22
#USDJPY Intraday: 30min Chart
bullish bias above 136.40

Our preference:
Take BUY positions above 136.40 with targets at 137.50 & 138.00 in extension.

Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

http://www.richdadph.com/p/usd-jpy.html
17 views00:19
Open / Comment
2022-12-07 03:19:14
#GBPUSD Intraday: 30min Chart
key resistance at 1.2190

Our preference:
Take SELL positions below 1.2190 with targets at 1.2100 & 1.2070 in extension.

Comment:
As long as the resistance at 1.2190 is not surpassed, the risk of the break below 1.2100 remains high.

http://www.richdadph.com/p/gbp-usd.html
16 views00:19
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2022-12-06 17:30:40 Goldman Sachs Macro Investment Outlook 2023 - This Cycle Is Different

This research from Goldmans is essential for any investors to help break it down.

Key Summary:

A 35% chance of a recession in the U.S, NOT base case but large risks on either side

The market is unlikely to reduce recession risk fully until inflation and thus tightening pressures have abated convincingly

Investors are underestimating the resilience of the U.S economy

Interest rates to peak at 5-5.25% with 125bps of hikes next year with NO cuts

U.S Core PCE (inflation) to drop to 2.9% by the end of 2023 due to goods and shelter inflation pressures declining

Disinflationary impact of normalising supply chains still has a long way to go

Investing in U.S equities might be 'frustrating' as equity upside is limited by high rates and the downside limited by continued resilience

Mild recession in Europe due to larger energy shock

Bumpy re-opening expected in China

Look out for more investment research video breakdowns this week - I hope you find it useful.

#2023Outlook
12 views14:30
Open / Comment
2022-12-06 17:30:26 EURCHF buy limit now
Open: 0.98650
SL: 0.97980
TP: 1.01170
Use Small Lot
12 views14:30
Open / Comment
2022-12-06 17:30:23 NZDCHF BUY NOW
Open: 0.59555
SL: 0.58880
TP: 0.61955
Use Small Lot
12 views14:30
Open / Comment