aslamhammad's Blog

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Aslamhammad has taken 5th place in Strategy Contest Nov 2017

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Aslamhammad has taken 7th place in Strategy Contest Nov 2017

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Aslamhammad has published strategy sma_eurusd_2017

This strategy will open EUR/USD positions based on 15minute time
frame. It will open positions based on 3 simple moving averages (3,
30, 55) . So, first on tick, we check all positions with sma
conditions 3,30,55 based on 15minute time frame is set. Than to set
the conditions, i have connected SMA indicator to a condition: if sma
30,55, than check if price is above or greater than 3,30. If condition
is true==Open a buy position. Else If SMA 30,55 is less than 3,30 than
open a sell position.The T…
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GBP/USD

Daily Time Frame with bollinger bands

Well Daily Chart suggest that we are still trading below the middle bollinger band and price is still in a down trend. So, the price exchange for GBP/USD may still continue lower according to this technical study. Upto 1.2070

Monthly Time Frame with ichimoku cloud
The price for GBP/USD in the monthly chart suggest that we're still trending downward, as we are trading below cloud+price below ki jun sen and tenken sen cross to downside and still seems like w…
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Aslamhammad has taken 93rd place in Dukat Contest Jul - Sep 2016

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Labor Day Holiday


At last a day to rest . It will be a holiday in the U.S and Canada on Monday, so there will be low liquidity on Monday. Tuesday will be fun as we have Aud cash rate release. No change expected, in that case i expect a slight bearish impact first before U.S interest rate day 21st September .
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U.S Non Farm Payrolls


So we have U.S non farm payrolls coming out on Friday with a forecast of 180k, and previous NFP was 255k. The question is how is the U.S job market performing? We have a lower than expected number forecasted compared to the previous. If the actual number turns out to be worse or better, what impact it will have on USD/CAD?
Looking at USD/CAD pair we can see that the previous 3rd wave was down, and currently formed an elliot wave triangle(trading in the 4th wave), the only hint i can see in this…
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Happy New Year Everyone :)

Happy New Year Everyone

Non farm employment change of U.S showed improvement on this past Friday, bringing USD/CAD near yearly highs . I expect more upside in coming weeks.
There was earlier a double bottom formed around 1.3814 with a neckline around 1.3930. The price is still technically in a strong uptrend.
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wisdom_consultant avatar

happy new year! :)

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USD/JPY

Monthly chart

Well technically in the monthly chart USD/JPY is still in a uptrend.....It requires a major breakout above the 124-125Yen level.....After which i expect price to rally upto 135¥ for 1$. Hence my sentiment is bullish for this pair.
Weekly Chart:

In the weekly Chart price is overbought at the moment.....But more demand can increase above the 123Yen level upto 124Yen level....If Fed Reserve bank of U.S.A hikes interest rate from 0.25%-0.50%, than we can expect a mega spike upto
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GBP/USD

Monthly Chart

Currently GBP/USD trading inside a bear flag in Monthly chart.....In December if we got the rate hike.....Than i expect price to drop around 1.4500. In the longer term.....There maybe an additional rate hike by Fed, later that could cause GBP/USD to drop further down to 1.4000 by March. So, in the long term, expecting price to go down.
Weekly Chart:
We can see in the weekly chart that price is currently trading below this trendline+ below the ichimoku cloud....Needs to first break…
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