USDJPY Analysis today, 16th July, 2020

USD/JPY Forex Signal: More Bearish...

Volatility remains low compared to other major Forex pairs.

USD/JPY: USD weakness

Yesterday’s signals produced a profitable short trade from the bearish rejection of the resistance level identified at 107.42.

Today’s USD/JPY Signals

Risk 0.75%.

Trades must be entered from 8 am New York time Wednesday to 5 pm Tokyo time Thursday.

Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1071.0, 107.42, or 107.76.

Put the stop loss 1 pip above the local swing high.

Adjust the stop loss to break even once the trade is 20 pips in profit.

Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

Long Trade Ideas

Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 106.43 or 106.15.

Put the stop loss 1 pip below the local swing low.

Adjust the stop loss to break even once the trade is 20 pips in profit.

Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

USD/JPY Analysis

I wrote yesterday that I was prepared to trade a reversal of any spike after the Bank of Japan’s release to either 106.42, 106.15, or 108.23.

The Bank of Japan’s release did strengthen the Yen somewhat, but no spike was made to any of the key levels identified.

The price has broken below the pivotal level at 107.10 and now looks more bearish but has not yet tested the recent lows just above 106.60. Volatility remains low compared to other major Forex pairs.

We are seeing more specific weaknesses in the U.S. Dollar which is pushing the price down.

If the price can go on falling to get established below 106.00, this would be a major long-term bearish breakout.

However, I feel the best bet for traders will be betting against this, by trading long any reversals at the long-term pivotal support at 106.15 in the unlikely event this sets up later today.

There is nothing of high importance scheduled today regarding either the JPY or the USD.

Cameroon Online School of Forex

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Learn Forex trading with us.

Listen to An Experienced Forex Trader

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Cameroon Online School of Forex trader making profit. Whatsapp +237675421156 to learn Forex trading.

Hello, traders! Meet an experienced analyst from Indonesia, who joined FBS team in 2007! Reza Aswin! He would like to share his trading journey with you and give useful advices for beginners! Sign up for a trading account here fbs.com is one of the best brokers in the world.

How and why did you become a financial analyst? 

When I got a master degree in the global marketing in 2000, the university offered me a scholarship to study macroeconomics in international trade. While I was studying, I was working as a marketing analyst in a water company in Jakarta, Indonesia.

 In 2005 I quitted my job and joined a futures brokerage company as an investor. Finally, in 2009 I became an analyst in a financial company.

What is your approach to analyzing markets? 

When I’m analyzing the market, I mainly use fundamental analysis. This approach can help to define the direction of the market for a short, medium and even long term.

What are your favorite technical tools and indicators? 

I prefer using candlestick patterns and the Fibonacci retracement.

What do you think about trading on the news? 

Trading on the news may be risky if we do not master fundamental analysis and do not understand economic data and effects that will occur in the future. Detailed fundamental and technical analyses and also risk management can help you to minimize losses in every trade. 

What is your favorite trading instrument? How often do you trade? What trading style do you prefer? 

Financial and economic data plus geopolitical factors are my favorite instruments. They help to find out the current market movements. Moreover, I choose the currency pair based on the current focus of market players.

 Speaking about the style of trading, I usually wait for the strong trading signal, thus minimizing the risk that occurs in every transaction.

What advice can you give to novice traders? 

Beginners always make the same mistake. They look at future profit opportunities, but forget about risks. As a result, when prices don’t move the way they expected, they start to panic and make even more losses. In addition, newbies often have the wrong money management. It’s a mistake to think that the small capital can generate large profits. 

Instead of that, you should understand that only the optimal capital will produce maximum profits with a relatively low risk. I highly recommend novice traders to invest their time in learning before investing their money. Many beginners don’t do this, that’s why so many of them fail.

Before you open a position, consider these 3 things.

Money Management: Money Management is not a risk and reward, but it is a standard calculation of your potential profits and losses. The main idea is to define the optimum capital for each transaction to generate maximum profits with low risks. 

Fundamental Analysis: The understanding of fundamental analysis will greatly help you to find out the future direction of the market.

 The knowledge of macro and microeconomics allows you to predict the movement of certain currency pairs.

Technical Analysis: Technical analysis helps you to determine entry and exit points in accordance with the direction of the market based on existing fundamentals. 

If you use all the above in combination, you will minimize your risks.

AUDUSD Live trading Analysis By Cameroon Online School of Forex

Australian Dollar live Forex forcast: AUD/USD Price.

Forex Technical Analysis Forex Article.

Aussie Dollar vs US Dollar Technical Outlook

Bulls pullback due to a weaker risk-on sentiment

AUD vs USD price chart exposes a trendless move

AUD/USD – Indecisive Market

On June 15, AUD/USD declined to a two-week low at 0.6776. The price recovered all losses yet could not retest the previous week’s high highlighting that bulls were losing momentum. On Friday, the weekly candlestick closed with a Doji pattern reflecting the trader’s indecision at that point.

The market rallied on a V-shape recovery expectations driven by central bank stimulus around the globe and gradual easing of restrictions. Yet, the resurgence in coronavirus cases in the US and other countries knocked the investor’s confidence and drove them to slow down the US dollar selloff.

On June 10, AUD/USD soared to a near eleven-month high at 0.7064 however, the price reversed back to the current trading zone 0.6827 – 0.7015 as some bulls seemed to cut back.

Later on, the pair stabilized in the zone and traded in a sideways move creating a lower high with a higher low.

A close above the high end of the zone may resume bullish price action towards the 0.7300 handle. Any further close above that level could extend the rally towards 0.7414.

On the other hand, a close below the low end of the zone could spark a downside move towards 0.6684. Any further close below that level may encourage bears to press AUDUSD even lower towards 0.6409.

AUD/USD Four-Hour PRICE CHART (June 1 – June 25, 2020)

On Monday, AUD/USD broke above the lower line on the downtrend lines fan originated from the June 10 high at 0.7064 and generated a bullish signal. Yet the price coiled later eyeing a test of the uptrend line originated from the June 15 low at 0.6776. Hence, any violation of this line would generate a bearish signal. In turn, any break above the higher line on the downtrend lines fan would produce a bullish signal.

To conclude, a break below 0.6774 could send AUDUSD towards 0.6707 while, a break above 0.7085 may trigger a rally towards 0.7160.Nonetheless, the weekly support and resistance marked on the four-hour chart should be kept in focus.

Contact us to learn Forex trading now Whatsapp +237675421156

Signup for a trading account with the best Forex broker in the world fbs.com . Please always contact us before you signup for guidance.

GBPUSD signal by the Kingofpips (Nshing Rooney)

GBP/USD Forex Signal: Bearish Price Channel

Free Forex Signals - Reliable Forex Signals for Traders | CMRFOREX / kingofpips/

The technical picture is considerably more bearish, and the British Pound is standing out right now as a relatively weak currency.

GBP/USD: Pivotal point at 1.2450

Yesterday’s signals were not triggered as there was neither bullish price action at 1.2436 nor bearish price action at 1.2504.

Today’s GBP/USD Signals

Risk 0.75% per trade.

Trades may only be taken before 5 pm London time today.

Short Trade Ideas

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2450.

Put the stop loss 1 pip above the local swing high.

Move the stop loss to break even once the trade is 25 pips in profit.

Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.

Long Trade Ideas

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2285.

Put the stop loss 1 pip below the local swing low.

Move the stop loss to break even once the trade is 25 pips in profit.

Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

GBP/USD Analysis

Yesterday that the recent bullishness was not convincing, and the short-term price action suggested that the price would break back below 1.2500.

I was ready to take a bearish bias if we had gotten two consecutive hourly closes below the support level at 1.2436.

This was a good call as the price did get back below 1.2500 and continues to fall, although the price did not get below 1.2436 during yesterday’s session.

The technical picture is considerably more bearish, and the British Pound is standing out right now as a relatively weak currency.

The price is back within a new bearish descending price channel. The chart is dominated by a pivotal resistance level at 1.2450.

A short trade from a bearish reversal at 1.2450 is the only potential trade opportunity I am interested in here, and I would be quite confident this trade will have a good chance of being profitable.

There is nothing of high importance scheduled today regarding either the GBP or the USD.

Cameroon Online School of Forex is the best Forex training academy in Cameroon with experience traders like the kingofpips (Nshing Rooney), Barack Derick, Leonie nkwefi, Ghisee, Terawa, JULIO, Key Richie e.t.c... contact us and get trained.

Trade with the best broker in the world, an official partner of FC BARCELONA. signup  with fbs.com now and contact +237675421156 For signals.

Live Forex Analysis by Cameroon Online School of Forex

AUD/USD Down 12 Pips On 4 Hour Chart, Underperforms All Forex; Came Into Today Down For the 2nd Day In A Row / 40 minutes ago

Forex Market Summary

(Last Updated June 25, 2020)

The Latest News on Price

The pairs that made the biggest moves, on a percentage basis, over the past day were USDZAR, USDCNH, and EURSEK. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.

Forex Trend News

Over the past two weeks, the strongest trend has been on EURGBP. Alternatively, on a 90 day basis, the strongest trend appears on GBPAUD. Price action traders will also want to note that a base appears to be forming on EURAUD, EURCAD and AUDCAD. Price bases often precede increases in volatility and a clear trend.

Moving Averages in the Forex World

Pairs that crossed notable moving average levels include NZDCAD, EURSEK, EURNOK, GBPUSD, USDCNH and NZDJPY; they crossed their 20, 50, 50, 50, 100 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that EURTRY has perhaps the strongest trend. See the chart below.

Lastly, instruments in the Forex asset class that are near their 200 day moving average are USDCNH, EURCHF, USDHKD and NZDJPY.

Dezzy T.

Live on

Cameroon Online School of Forex 

How To Deposit On FBS with Bitcoin

FBS is 2020 best brokers in the world that provides financial products for currency, CFD, stocks and precious metals. FBS operates globally in 190 countries with 15 million + traders with client majority from Asia, Middle East, Laten America, Africa and Europe. Fbs is currently an official partner of FC Barcelona with a 4 year contract signed on the 17th January, 2020.

 

FBS has more than 6 deposit and withdrawal processors like Visa, MasterCard, Neteller, Skrill, Perfect Money, OneNaira e.t.c...Last week FBS added bitcoin deposits which will help traders who could not use other payment methods. FBS have the most responsive help desk among brokers, 24h/7d. Don't relent to trade with the best broker. Sign up here https://fbs.com .

How To Deposit On FBS With Bitcoin

Bitcoin, a new deposit method at fbs.

To deposit with bitcoin, login to your FBS account or dashboard and click "deposit funds" in front of your account type. A new window will open and once its open, click "Finance" and your will find many payment processors including bitcoin. Click "Bitcoin" . You will have two option;

1. Copy your fbs bitcoin wallet by scanning with your bitcoin wallet by a click on your left to send directly from your bitcoin wallet or
2.  In Click on your right (once you click, your address appears below as on the image) to copy your wallet then paste it on your non fbs bitcoin wallet to send the money or send it to someone to fund your fbs account and you give the person its equivalent in his/her fiat currency.

When all is done, wait for 3 confirmations from Blockchain or other bitcoin wallets for your deposit to be completed.

For those who do not have bitcoin wallets but wish to deposit with bitcoin, you can copy your address and send it to the seller to send your requested amount to your fbs account.

To learn forex trading, join our trading group here https://chat.whatsapp.com/ Its all about Forex trading in Cameroon. If you are already a Forex trader and wish to try the Best Forex Broker in 2020, signup here https://fbs.com 

Nice trading day.

Rooney N of Cameroon Online School of Forex-cmrforex @kingOfPips. +237675421156

If you find our write up helpful just a single dollar can help 

Perfect Money U19278528

Gold (XAUUSD) Analysis by Cameroon Online School Of Forex

Graphic showing gold analysis by Rooney Nshing, kingofpips.

Gold (XAU/USD) Analysis (This is not a signal, this is for education purpose to help you understand the market conditions right now)*

Gold reach the new high today after 1 month.

Gold made a fast recovery from the last fall happened on March 9,2020

Now, it has reached the top most price level due to the continuation of Coronavirus pandemic. 

This shows that Gold is still considered as Safe haven asset by worldwide investors. 

On Sunday, Saudi Arabia and Russia Ended their oil price war by making the biggest oil production cuts in history, following pressure from US president Donald Trump to support the energy industry at this coronavirus pandemic.

However, Gold still have chances to move up until 1900 if the world financial situation continues to remain negative due to coronavirus lockdown.

Signals will be sent to you with entry price, take profit and stop loss. Please be patience and wait for the signal. This gold analysis given for education purpose only.

Cameroon Online School of Forex Your Forex home in Cameroon for Cameroon, Africa and the world.

+237675421156

Thank you.🙏

Attend our Forex trading conference in Yaounde, 7th March 2020

Forex trader's account.

Come and learn how to make money trading the foreign exchange market in Cameroon just with your Android phone or laptop. Many young guys are becoming millionaires thanks to forex trading. Yes you can.

Cameroon Online School of Forex commonly know as CMRFOREX is organizing a mini Forex conference in Yaounde, Cameroon. The aim of the conference is to enlighten Cameroonians on what Foreign exchange is all about.

When Fly4studycm approach the organizer of the conference Rooney Nshing who is the CEO he said " Many Cameroonians contact him daily to know what Forex is all about and how to earn trading currencies, commodities and stocks. So he decided to share the glory through a conference".

Cameroon Online School of Forex is the best Forex trading training school in Cameroon. With forex trading, you will learn how to buy and sell currency pairs with your mobile phone or laptop. They have 300+ traders who have suddenly become millionaires trading online just with their laptops or mobile phones.

During the conference you shall learn about the history of Forex trading, what is actually Forex, how to become a trader, and interested members shall be given the opportunity to learn.

The 7th of March 2020 at 11:00 am is the time and date of the conference. It was also the birthday of the CMRFOREX CEO.

"7TH March should be celebrated as the Forex (foreign exchange) day in Cameroon which is also my birthday. I have dedicated a lot to help many Cameroonians gain the skill and still ready to train more" Rooney Nshing.

We call on partners and sponsors that CMRFOREX is doors open.

We thank you for taking a nice decision by getting set to attend the conference which will help you learn a new money making method. Invite your friends and family to attend our smart conference. Become our family let's share our dream together.

Entrance: 1000 fcfa
Contact 675421156
Immeuble standard chartered bank opposite hotel de ville, Yaounde-Cameroon.

AUDJPY pair influenced by the corona virus

Cameroon Online School of Forex brings you the best of Forex trading in Cameroon and the world. Checkout the live analysis.

AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1 (200, 100, and 50 SMA). This week the pair broke below the February support line in the 73.40 area. Its attempts to get higher have failed, as sellers are quite active. The threat of the coronavirus is the biggest bearish driver for the AUD. The odds are that its impact will continue. At the moment of writing, the pair is testing support at 72.50 (February low, 61.8% Fibonacci of the 2019 advance). The break below this level will open the way down to 71.75 (October lows) and 71.35 (78.6% Fibo). Resistance lies at 73.25 and 73.80.

Trade idea for AUD/JPY

SELL 72.30; TP1 71.75; TP2 71.35; SL 72.55

What is Margin and Leverage in Forex trading

CEO of Cameroon Online School of Forex trading under a city tree.

Leverage and margin in Forex trading explained by Cameroon Online School of Forex.

Margin and leverage are not intuitively understandable terms for new traders. Let’s figure out what they are - once and for all. 💹💰

•        Leverage

What is it?
Leverage is borrowed funds used for trading. You get it from your broker.

Why do I need it?
Leverage allows you to trade with more money than you actually have on your account. People use it because the sizes of lots on Forex are quite big: the min position size is 0.01 lot, which is 1000 EUR for the EUR/USD pair. Leverage allows you to get in without investing that much.

Leverage size
Different brokers offer different leverage. At FBS, it goes up to 1:3,000. The most common leverage among Forex traders is 1:100.

Example
- You want to trade 1 lot in USD/CAD.
- Instead of investing $100,000 (1 standard lot), you invest only $100 with a 1:1000 leverage. Your broker provides the remaining $99,900 to help you open the trade.

Risks
Note that each pip the price moves against you will bring you a bigger loss the bigger the leverage you are using. Be careful and choose a reasonable leverage size.

•        Margin

What is it?
Margin is an amount of money you need to have on your account to open and maintain a leveraged trade.

Why do I need it?
Brokers need to protect themselves if they allow traders to borrow so much money from them. This is why they require traders to fund their accounts with a certain amount.

Margin size
Margin size depends on how many lots you want to trade and on the leverage you chose. The bigger the leverage, the smaller the margin.

Example
When we explained leverage, we showed you the situation where to control $100,000 with $100 you need 1:1000 leverage. In this example, $100 is what is called “margin”.

Save this post and never get confused . Signup or create a real account now with 2020 best forex broker https://fbs.com. FBS JUST SIGN A 4 YEAR CONTRACT WITH FC BARCELONA. FBS offers a Leverage of 1:3000, low spread and a minimum deposit of $1.

British Pound is Likely to Fall as Carney, PMI Stoke BOE (Bank of England) Rate Cut Bets

Lesson notes on when to buy and sell by Cameroon Online School of Forex.(17th Batch)

British Pound Prediction by Cameroon Online School of Forex.

• refocusing on dovish turn in BOE policy outlook
• Carney speech, soft PMI data may boost January rate cut bets
• Brexit saga in the background ahead of trade deal negotiation

The British Pound appears to be refocusing on monetary policy as no-deal Brexit fears fade into the background following the Conservative party’s commanding victory in last month’s general election. That makes the passing of Prime Minister Boris Johnson’s Brexit withdrawal bill all but certain.

Indeed, an expedited procedure is expected to have it back from the House of Lords this week. MPs in the Commons will then begin vote on any amendments made. Barring any unexpected hiccups, the UK should thus be on track to formally exit the EU by month’s end, as scheduled.

This changes little in practice. A transition period seamlessly begins at withdrawal, starting the process of negotiating an EU-UK trade deal. This is then likely to make for a broadly tense backdrop through 2020 amid worries that Mr Johnson’s hard year-end deadline is too ambitious.

The stimulus boost is expected to arrive quickly, with the probability of downshift in the target Bank Rate at the late-January meeting of the steering MPC committee pinned at a commanding 71 percent. There is yet room for greater conviction however, putting a spotlight on incoming macroeconomic news-flow.

The IMF will update its global economic forecasts, setting the stage for the annual gathering of bigwigs at the World Economic Forum in Davos. BOE Governor Mark Carney is among the speakers. PMI data is due to show the economy returned to sluggish growth in January having shrunk in the fourth quarter.

UK economic data outcomes have increasingly disappointed relative to consensus forecasts, warning that even this may be too ambitious. If this is coupled with dovish comments from the outgoing central bank chief, the British Pound is likely to find itself facing mounting selling pressure.

As FBS partnered with FC BARCELONA on the 17th Jan, 2020 create a trading account  with the most trusted forex broker in the world. $100 trading bonus also available. Register now fbs.com . To learn Forex trading online,  contact Cameroon Online School of Forex. Use the whatsapp contact at the header of this site.

3 Things you need to do in other to get rich

A forex trader, trading by the roadside garden in Cameroon.

To be successful, one needs a lot of hard work and commitment. Every successful person has his/her own story but here are the most important things you need to do in other to get rich

1. People's Judgement 

People will always talk.  No matter what you go through, never listen to negative ideas or opinions of other people. Do not let what people think to bring you down especially when you are following your dream.

2. Impatience 

Patience pays in all aspects of life. Always take time if you want to attain your dream.  It takes steps for a dream come true journey. Many achieved persons never give up no matter how long it takes them to accomplish their goals. Destiny is a friend to patience. Make sure you have positive thoughts while working on your goals.

3. Past troubles 

The past cannot change much about your tomorrow.  Never waste your energy thinking about the past failures you once had. They should not stop your dream chase. Rise to the stage and set your short and long-term goals.

Cameroon Online School of Forex.

Contact us for the next training batch or join us here with a simple click https://chat.whatsapp.com/EeZ0JbkOX1BK5TpKTorkBi . Learn how to make money in Cameroon just with your Android or laptop. We are offering 85% scholarship to 1000 Cameroonians home and abroad.

Introduction to Forex trading by Cameroon Online School of Forex trading-CMRFOREX

Learn Forex with Cameroon Online School of Forex of Forex.

25000 scholarships to be offered this year 2021.

Our forex conference in Yaounde, 15st Dec 2021  whatsapp 675421156.

Welcome to Cameroon online school of Forex- CMRFOREX, where trading and training is changing the lives of hundred of thousands worldwide. Take a look at what you need to know as a beginner in the field of Forex.

What is Forex trading?

Thought about FX trading but unsure what it is and where to start? Generally speaking, the forex market is a place, where investors, banks, governments, importers/exporters and normal people like yourself can trade by buying and selling currencies.

Anyone with a few dollars and an appetite to profit from constantly fluctuating prices can get involved in forex trading. Forex is one of the places where you can invest your money to generate an additional income. Most of the instruments (a type of asset) traded here are currency pairs (which means you buy one currency by selling another, for example Euros for Dollars). When the price is rising you buy and when it's falling you sell, but you can also trade shares, stocks, indexes and commodities like gold or oil.

 Trading doesn’t require you to go anywhere or have any extra skills or special knowledge. It’s all done online, so all you need is an access to the internet and a computer or smartphone. But rest assured it’s a much easier process than most people think. Forex has many advantages over other forms of investments. First of all, it’s very large and decentralised, which decreases the chance of the market being manipulated by individuals. In addition, you can not only profit from prices going up but also from them going down.

 But please note, trading is risky, and it may result in losses. What’s more, the Forex market is open 24 hours a day, 5 days a week, so there’s always time to do some extra trading after work or when you’ve got a spare moment. Many of our traders don’t spend hours in front of a screen every day.

They don’t need to. We’ll guide you through the trading languages, strategies and techniques you’ll need to become a trader so you can spend the rest of your time doing what you love. So, stick with us and unlock the secrets of successful trading. Now all you have to do is ‘Learn More’.

 Fx by banks and exchangers in Cameroon.

 Real life E.g of forex trading by local banks in Cameroon and elsewhere. You received $10000 from a sister abroad and you went to the Bank to change it to CFA (You are the Seller). The bank would tell you that the latest exchange rate is 550/$1 so they will give you FCFA 5 500 000 the equivalent of $10000.

The next day an urgency come up and you needed $10000 to travel for your honey moon and you step into the Bank and the bank now tells you that their exchange rate is 600 FCFA/$1, (Bank is the seller now) now you have to buy FCFA600000 for that same $10000.

In this situation, FCFA550 is the BID PRICE and 600 is the ASK PRICE. The Bank just made a sum of FCFA 500000 from this one transaction and managers will never stop driving in big Cars. They will never want you the customer to learn Forex Trading because its liquidity can change your fortune in just a few weeks of trading. Well knowledge is only circulated among elites. But I will teach you to do this just with your mobile phone or laptop.

If your indicators or strategy shows that a currency is low, you will have to buy and when it rises and reach where i wanted, now I will close my trade or it's done automatically by my broker. I will teach you indicators for that. And for selling, if I feel that a currency will drop, I will sell it and as it's dropping I am earning. All withdrawals are received through bank account, visa or prepaid cards or online wallet(free on playstore).

Doubting?

 I know some of you guys must have been scammed by investment schemes. Many are just scared of anything they see online. It is a decentralized system and nobody owns it. Forex trading is about 80 yrs old. Today, I advice you to clear that thought of scam when it comes to forex trading. This is called Forex trading we have to start on the 27th June, 2021. Here we buy and sell foreign currencies, metals and commodities while making profit from them. Forex means foreign exchange.

When we buy we earn and when we sell we earn. CMRFOREX will teach you guys the indicators and strategies for that. The training shall take 1 month and a week with a very simple language that everyone can understand. This is the 48th 90% scholarship batch and am happy to receive you guys. 

After the training you guys will be the ones to trade on your own. No sending of money to scammers or people you don't know even to Cameroon Online School of forex to trade for you. We shall mentor you guys forever. Trainings start from Monday and stops on Friday. 7pm to 8pm daily. For those who are timid about the payment feel free.

Have in mind that CMRFOREX will never do you any harm when it comes to finances. We just want to help out many Cameroonians into the field of Forex. 

The CEO Rooney Nshing did his training for 5000 000frs in 2016. Listen to what he said during a TV interview on Canal2 "I know it's hard especially for Anglophone that's why I decide to come up with a 90% scholarship scheme".

You only have to pay 15, 000frs instead of the 50 000frs as your training fee before 15th Nov, 2021 (free eBook for those who pay earlier and a forex indicator that cost $55) or you make late entry fee of pay 5000 frs after closing date. To make your payment, contact or whatsapp 675421156. Make sure you are added to the final training group after payment. Thanks. CMRFOREX. 

We have partnered with a broker that offers MTN Mobile money deposits and withdrawals for Cameroon, Nigeria, Ghana, Gabon, Chad, Ivory Coast and many. Register and account below if you are already a forex trader www.exness.com

Make sure you attend our forex conference in Yaounde on the 15th Dec, 2021 at the Standard chartered bank building. Whatsapp 675421156.

 
Join us for the next training here https://chat.whatsapp.com/EeZ0JbkOX1BK5TpKTorkBi . If you are already a trader and you wanna get cash trading, deposits and withdraw in 5 to 10 minutes signup here www.fbs.com or if you wish to deposit and withdraw with bitcoin, register here https://octafx.com . The two sites accept bitcoin. For more details contact +237675421156 before you create your real account. Free account creation help by CMRFOREX.

Forex trading involves a lot of volatility, use risk management guide when trading.

2000 Scholarships for Cameroonians on Forex trading by CMRFOREX- Make money with just an android phone or laptop

Make money online trading the Forex Market in Cameroon.

Cameroon Online School of Forex (CMRFOREX) is offering 90% scholarships to 2000 Cameroonians residing in and out of Cameroon. You must have seen Richard Quest over CNN analyzing the Forex market. In the Forex market we buy and sell currency pairs while making profit. Today everyone talks about Forex trading right?

When the USA cancels a trade deal with for example China, Forex traders trade depending on what they hear. Others like the US employment news called the NFP where traders can earn more than $1000 in a few minutes depending on the account and the pips bought or sold.

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USDCHF to lows, around mid 0.9900's in Pre NFP trade

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The ongoing slide in the US bond yields kept the USD bull on the defensive. The reviving demand benefited the CHF and added to the selling bias.

Friday's key focus will remain on the US monthly jobs report for September.

The USDCHF pair remained under some heavy selling pressure through the European session on Friday and retreated farther from  2 and a half month tops set in the previous session.

The pair on Thursday once again met with some fresh supply near the 1.0025-30 region and finally settled below the parity mark on the back of some aggressive USD selling following the disappointing release of USD ISM non-manufacturing PMI for September.

The Greenback was further pressurized by a sharp intraday slump in the US Tresury bond yields, amid growing FED rate cut expectations, though a late rebound in the US equities weighed on the Swiss Franc's safe-haven demand and extended some support to the major.

Weak Equities/USD prompts unwinding trade

The pair continued with its struggle to find acceptance above the 1.00 handle and witnessed some long-unwinding trade on Friday in the wake of some following-through slide in the US bond yields, which continued exerting some downward pressure on the buck.

This coupled with a weaker trading sentiment around equity markets and some repositioned trade ahead of today's trade on monthly jobs report-further collaborated to the pair's slide back towards the very important 200-day SMA support near mid-0.9900s.

It could however, remain to be seen if the current pullback marks the end of the recent positive momentum or attract some fresh buying at lower levels as market participants look forward to the headline US NFP print and the closely watched wage growth data for a fresh directional impetus.


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US NFP amongst market drivers today

Latest NFP News today.

The Danske Bank analysts point out that today of jobs report in the United States of America and they expect non-farm payrolls to have grown by 100,000 in September, below Bloomberg consensus of 140,000.

Key Notes:

"While the non-farm figure tends to be volatile, the employment indices in the Market PMI and the ISM reports do not look encouraging (and actually signal that jobs growth was even lower than our expectation of 100,000).


A weak jobs report will likely add fuel to the repricing of the FED seen this week.

Today also provides the opportunity to listen to Fed comments from Rosengren, Botstic and Powell, who are scheduled to speak. Powell is the only making opening marks at a "Fed Listen" event though, so we would not get our hopes up too high that he will give out new monetary-policy signals.

CMRFOREX analysts expects a bullish run today.

NFP news analysis updates for 04-10-2019_US Economy still bold, fundamental analysis is strong

NFP latest updates for 04-10-2019 on cmrforex news.

Comments out form Chicago Fed Chief Evans, as he now speaks on the US economic outlook and UD-China trade dispute.

Take Note:

The US economic outlook is quite good, fundamentals are still strong and will surely come to a bull.
The trade tensions between US and China remain uncertain but companies waiting for resolution to make investment decisions.

The US economy continues to grow above trend.


If unexpected shocks impact world or US economy modest poplicy adjustments won't be nearly enough.

Take a careful ear to these statements as we gear up for 04th Oct, 2019.
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CMRFOREX INC sees USDJPY dropping further near 106.30 region

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CMRFOREX Latest News Analysis...

Analyzers at CMRFOREX see USDJPY dropping further and visiting the 106.30 region in the near term.

QUOTES TO GRAB

24-hour: While we expected USD to extend its decline to 107.50 yesterday, the manner by which USD crashed through 107.50 and dropped to 107.03 came as a surprise.

Downward moment has picked up strongly and from here, USD is expected to weaken further to 106.75 (minor support is at 107.00). On the upside, 107.60 is expected to be strong enough to cap any intraday recovery in USD ( Minor resistance is at 107.35).

Next 1-2 weeks: We downgraded the upside risk for USD yesterday, I mean 02 Oct. spot at 107.75 and held the view that USD has moved back into a sideways-trading phase. CMRFOREX expected USD to test 108.45.

However, the rapid way in which USD approaches the bottom of our expected sideways trading range of 107.00/108.45 came as a surprise. Downward momentum has picked up considerably and from here, USD is expected to trade with a downward bias towards the next support at 106.35.

All in, the risk for USD for the next week or so is tilted to the downside unless it can move above 107.90 ( strong resistance level)

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[Latest Forex News] EURUSD weaker, flirting with 2 year lows near 1.0900

Latest news on the EURUSD pair by CMRFOREX.

The shared currency remains depressed so far this week, taking EURUSD to 1.0900 on a 2-year lows.

EURUSD MAY BREAK BELOW 1.0900

The EURUSD is down for third consecutive session this Friday, coming under extra downside pressure on the back of the solid performance of the Greenback, which trades at shouting far aways beyond 99.00 the figure gauged by the US Dollar Index (DXY).

Headlines from the US-China trade front as of late have pushed yields and sparked a sell presuure in safe havens, pushing USDJPY higher and thus lending extra legs to the buck's rally.

What to look for around EUR

EUR dropped to new 2-year lows in levels just above 1.09 the figure earlier today, as investors' sentiment remain sour and without any hint of getting any better in the near term at least. Following Monday's results from PMI'S the economic outlook in the region deteriorated further, with the added possibility that Germany could enter into a technical recession in the third quarter.

US tariffs on imports of the EU cars remain well on the table, while persistent uncertainty around Brexit and UK politics adds to the gloomy scenario.

EURUSD levels to focus on.

At the moment, the pair is down 0.10% at 1.0909 and a breach of 1.0904 (2019 low Sep 3) would target 1.0839 (monthly low May 11, 2017) and finally to 1.0569 ( monthly low April 10, 2017). On the upside, the next hurdle aligns at 1.1009 followed by 1.1109 as in Sep, 13.

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The BOE (The Bank Of England) Policymaker Michael Saunders Clearly hinted a likely rate cut if a high level of Brexit uncertainty persis going forward.

Quotes

The UK economy has weakened markedly, opening up modest amount of spare capacity.

Brexit uncertainties are akin to a low puncture for the UK economy, causing growth to slow to a crawl.

Persistently high Brexit uncertainty now looks likely outcome for the Uk, even without a no-deal Brexit.

Risk to global economy are tilted towards further disappointment.

Limited and gradual rate rises needed if global growth recovers and Brexit uncertainty falls significantly.

Rates could go either way after no-deal Brexit depending on fx rate and growth. Cost of changing policy course if Brexit outcomes change is probably quite low.

Differing monetary policy changes until after Brexit outcomes clear could lead to inappropriate policy.

"Quite plausible" for BOE's next move to be cut rates, even if no-deal Brexit avoided.

The pound came under fresh selling pressure on the dovish comments, sending GBP/USD back below 1.23 handle to renewed two-week lows near 1.2285 region.

Limited and gradual rate rises needed if global growth recovers and Brexit uncertainty falls significantly.

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