Marami na pong mga pinoy na Forex Trader at matagal na rin na nagTrade sa AxiTrader na broker, pero hindi sila registered under RichDadph ngunit humihingi po ng tulong sa atin at gusto rin nila maka-access sa ating VIP channel sa Telegram. Pero kahit gustohin ko man tulungan, may protocol tayo na sinusunod sa loob ng AxiTrader. Kung kaya bumuo tayo ng isang paraan kung paano sila makalipat sa Richdadph Technical Support.
How to Transfer AxiTrader Old account under RichDadph Technical Support?
👉 You must have an AxiTrader trading account
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Early this morning, Dow Jones Newswires released a report about GBP/USD Breaching Support at 1.2300 as U.K. Government Plans More Spending data
👉 GBP/USD fell 0.3% to 1.2308, the lowest level in more than a month. U.K. Prime Minister Boris Johnson said his government will expand the 5 billion pounds spending on infrastructure to rebuild the economy.
👉 Sterling stumbles against the dollar, falling 0.3% to 1.2263, as weak U.K. data and concerns about lack of progress in U.K. – E.U. talks offset expectations that U.K. Prime Minister Boris Johnson will announce plans for infrastructure investment.
👉 The dollar’s role as a safe haven doesn’t mean it will necessarily benefit from coronavirus given the impact the pandemic could have on the U.S. economy, Commerzbank says. Surprisingly positive U.S. economic data have tended to put pressure on the dollar rather than support it recently as it boosts risk sentiment, but the market shouldn’t ignore the data, Commerzbank’s Thu Lan Nguyen says. The recent rebound in U.S. data could be “merely a reflex” to the collapse in economic activity and the dollar could weaken on a disappointing domestic recovery, she says. “Everything all told I would be cautious to bet on the dollar as the winner of the crisis.” The dollar index is last up 0.1% to 97.6520.
👉 The world after the Covid-19 pandemic won’t mark the end of globalization, but it will be changed, says Indosuez Wealth Management. The asset manager sees a tenser relationship between China and the United States, and expects growth to be driven more by domestic growth than international trade. Indosuez also envisages strong protectionist pressures, while the carbon impact will increasingly be taken into account in transportation costs and in the international optimization of production locations far from distribution markets.
INTRADAY MARKET INSIGHTS
Currently trading at JPY 107.70, the US Dollar has broken above a major short-term resistance, now acting as a support and likely to maintain a bullish bias in the coming hours. Indeed, the pair has broken above the neckline of a Double Bottom: a bullish reversal pattern calling for a rebound toward a theoretical target at JPY 108.25. In addition, the 20 and 50-hour moving averages crossed upward, confirming the bullish signal. As a consequence, above JPY 107.37, the current level of the neckline as well as the 50-hour moving average, a continuation of the rebound is expected towards 61.8% of the pattern theoretical target at JPY 107.90 and 100% at JPY 108.25. Alternatively, a downside breakout of JPY 107.37 would trigger a drop on Monday low at JPY107.00 and June 26 bottom at JPY 106.77.
Key resistance at 1.1255. The pair is off a low of 1.1217 seen overnight, but remains capped by the key resistance at 1.1255 (around the upper Bollinger band). The relative strength index has not yet recovered the neutrality level of 50 showing a lack of upward momentum for the pair. Trading below 1.1255, the pair should sink back to 1.1230 and 1.1215 on the downside. Alternatively, a break above 1.1255 would trigger a further advance toward 1.1270 on the upside.
Rebound expected. The pair posted a rebound and struck to the upper Bollinger band. Besides, the 20-period moving average is turning upward. The relative strength index is locating at the buying zone between 50 and 70, indicating a bullish outlook. To conclude, unless the support level at 0.6850 holds on the downside, expect a further advance with targets at 0.6890 and 0.6905 in extension. Alternatively, crossing below 0.6850 would trigger a return with 0.6835 and 0.6815 as targets.
Rebound. The pair is trading above the key support level at 0.6386, helping to keep the bullish outlook. The relative strength index is above its neutrality level at 50, suggesting the lack of downward momentum. To sum up, as long as 0.6386 is not broken, look for a further upside to 0.6466 before targeting to 0.6489 in extension. On the other hand, a break below 0.6386 would open a path to 0.6349 on the downside.
Bounce. The pair rebounded from 1.2250 and crossed above the 20-period moving average. In addition, the 20-period moving average is flattening, while the relative strength index indicates a bullish divergence signal. Both indicators suggest the loss of downward momentum for the prices. In this case, as long as 1.2280 acts as the support level, intraday bullish bias remains with up targets at 1.2335 & 1.2360 in extension. In an alternative scenario, a break below 1.2280 would call for a new down leg with 1.2250 and 1.2220 as targets.
Upside prevails. The pair is holding on the upside after yesterday’s upward acceleration. Currently, the prices are supported by a 20-period moving average. The relative strength index is locating at buying zone between 50 and 70, indicating a bullish outlook. Therefore, unless the support level at 0.9490 is violated, the pair should reach 0.9525 and 0.9540 on the upside. Alternatively, breaking below 0.9490 would trigger a pullback with 0.9475 and 0.9455 as targets.
Target 1.3625. The pair remains on the downside as it has formed a lower-high. Currently, it is capped by both the 20-period and 50-period moving averages, while the relative strength index stays in the 40s, suggesting a bearish bias. As long as the key resistance at 1.3690 holds, expect a decline to 1.3645 and 1.3625. Alternatively, a break above 1.3690 would trigger a revisit to 1.3715 on the upside.
Upside prevails. The pair is supported by a bullish trend line drawn from June 26. Currently, it is trading at levels above the ascending 50-period moving average, while the relative strength index stays above the neutrality level of 50, indicating a bullish bias. Above the key support at 120.45, expect an advance to 121.54 and 121.83. Alternatively, a break below 120.45 would trigger a pull-back to 119.97.
Towards 0.9083. The pair maintain a bearish bias below the key resistance at 0.9165. In fact, it has broken below the 20-period moving average, and the relative strength index has dropped to the 40s, signaling a bearish bias. Unless the key resistance at 0.9165 is surpassed, the pair should proceed to 0.9100 and 0.9083 on the downside. Alternatively, a break above 0.9165 would open a path to 0.9193 on the upside.