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10/06/21 10:53
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US DOLLAR TALKING POINTS: The US Dollar has dropped by as much as 3.3% from the high that was set last Wednesday and many are asking if the USD has topped. Given how aggressively overbought the greenback had become, this retracement looks to be a correction in the trend with no evidence yet of anything larger. However – price is approaching some major supports and performance around those levels will be key for determining near-term strategy. Of particular importance is the fact that the US Dollar is a composite of global currencies so the bigger question is when sell-offs in EUR/USD or GBP/USD might return and, in a related item, how will USD/JPY hold up with the pair pegged to the 145 level thought to be the line-in-the-sand for Japan’s Ministry of Finance? Oct 4, 2022 | Full article on DailyFX James Stanley, Senior Strategist -
EUR/USD and GBP/USD edge up while USD/JPY falters at ¥145.00 again A pause in the dollar rally sees USD/JPY stuck below recent highs, but both the euro and sterling have made gains in early trading against the greenback. Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 04 October 2022 EUR/USD rebound continues After falling to a twenty-year low last month, the euro continues to rebound against the US dollar with EUR/USD. This still looks very much like a counter-trend bounce that sees the price head back to the 50-day simple moving average (SMA), currently $1.1018 and then begins to falter. This would be in line with previous bounces since April, all of which have found it impossible to hold above the 50-day SMA. This move could see the price head back to $1.01. Further targets lie at $1.02 and then $1.0374. Source: ProRealTime GBP/USD recovers $1.13 The GBP/USD continues to defy the doomsters with a recovery above $1.13. Its own counter-trend bounce remains intact, and if previous bounces are any guide there is still some potential for upside, even if it only reaches the 50-day SMA. Like EUR/USD, the pound is still making lower highs and lower lows against the dollar, with the previous peak at $1.176 marking out the initial target for this bounce. Both stochastics and moving average convergence/divergence (MACD) have room to move up to support this move, but selling the rallies still appears to be the approach here for this downtrending market, although it looks like for now there is still a desire to push the pair higher in the short-term. Source: ProRealTime USD/JPY stalls below ¥145.00 It does look like ¥145.00 is the ceiling in USD/JPY for the time being – repeated attempts to break higher have come to naught, despite the continued strength of the US dollar. Indeed, it is perhaps precisely that we need a pullback in order for the trend to revive. The pair rallied hard from the August-lows, and now sits at some distance from the 50-day SMA (currently ¥139.15). A pullback towards this level might ‘clear the air’, create a higher low and provide a springboard for fresh bullish momentum. Source: ProRealTime
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FTSE, DAX and Nasdaq breaking higher as bulls return to the fold The FTSE, DAX, and Nasdaq are on the rise, as improved market sentiment helps drive stocks higher. Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 04 October 2022 FTSE 100 rises back into key intraday resistance zone The FTSE 100 has enjoyed a relatively upbeat start to the week, with the index pushing higher after a decline into the 6763 support level (March low). This rebound has taken price up into the confluence of trendline and swing-high resistance, with the ability to break up through this point bringing greater confidence of a protracted period of upside. Should such a move come to fruition, we would be looking at a potential wider retracement of the sell-off from 7515. For now, keep a close eye out for a break higher from here to signal the beginning of a more positive period for this index. To the downside, a break below 6763 would be required to signal the beginning of another major leg lower. Source: ProRealTime DAX breaks through resistance as the bulls regain influence The DAX has been fighting back this week, with the gains seen yesterday bringing the index up through the first swing-high of 12138. The subsequent resistance level of 12322 has been broken overnight, with price now rising into the confluence of the 27 September high and July low of 12432. As such, we are building a more positive picture for the near-term, with a rise through 12432 bringing greater confidence that we will see the index retrace the wider sell-off from 13571. That coincides with the wider descending trendline that has been respected over the course of the year thus far. Source: ProRealTime Nasdaq on the rise from key support The Nasdaq has been on the rise since the Monday gap lower, with the initial move below 11036 being swiftly recovered. That 11036 level represents the bottom established in June, with yesterday’s early decline bringing about a two-year low. However, we are now utilising this low as a potential area of support to push higher, with price having moved up through the 11298 swing-high. We have another notable swing-high at 11548 worth watching, with a break above that point signalling the beginning of a wider rebound for this index. To the downside, a move back below the recent low of 10887 would be required to bring about a renewed bearish short-term view for the index. Source: ProRealTime
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Question
Stef
Hi,
Here's another enhancement request for PRT - please pass this on to the IT-Finance guys.
With ProOrder, the main screen shows the latent gain and total gain for all running systems. While this information is great, what I believe is lacking is closed (or banked) profit or loss.
I know it shows this when clicking on the 'view performance' link for each system, but when you are testing a number of strategies (using a demo account), it is not practical to click on and open this for each. As open positions can change quite dramatically the time you view now until they are closed, it would make sense to see your banked profit or loss on the main screen, in order to be able to compare different strategies, for each system.
PS: I know that the banked profit or loss would be the difference between the total gain and latent gain, but if you have 5 or 6 systems running, it is not a simple exercise to do a quick comparison.
I would appreciate some feedback or comments.
Regards
Stef
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