Forecast for EUR/USD on September 13, 2019

The technical situation was no less complicated. In the fall, the euro reached a low on September 3, consolidation under the Fibonacci level of 138.2% did not occur, the decline to 161.8% (1.0838) was canceled. Growth stopped at 123.6%, at the resistance of the balance line of the daily scale. The Marlin Oscillator is in the growth zone. Apparently, the euro will now go to the Fibonacci level of 110.0% at the price of 1.1152, where the price channel line and the MACD line are also located.

AUD/USD: Bears attacking 0.6700 on poor Australian data

Despite the recent recovery in the US-China trade sentiment, the AUD/USD pair extended losses to hit daily lows just ahead of the 0.67 handle, as the Aussie dollar was hit by horribly weak Australian housing data.

Australia's building permits fell by 9.7% month-on-month in July, as opposed to the expected reading of 0.0%. The approvals had dropped by 1.2% in June.

Euro vs Japanese yen

Euro vs Japanese yen The development of the cross-instrument EUR / JPY movement from August 28, 2019 will be determined by the development and direction of the breakdown of the channel boundaries 1/2 Median Line (117.70 - 117.45 - 117.20) of the Minuette operational scale fork. We look at the markup on the animation chart. In case of breakdown of the upper boundary of the 1/2 Median Line Minuette channel (resistance level of 117.70), the upward movement of EUR / JPY can be directed to the boundaries of the equilibrium zones of the Minuette operational scales fork - (118.30 - 118.80 - 119.30) and Minuette (118.40 - 119.00 - 119.60). On the other hand, the breakdown of the lower boundary of the 1/2 Median Line channel (support level of 117.20) of the Minuette operational scale fork will make it possible to continue the development of the downward movement of this cross-instrument to the targets - SSL start line Minuette (116.80) - local minimum 116.54 - SSL start line (116.45) Minuette operational scale - LTL Minuette control line (116.30). The details of the EUR / JPY movement, depending on the working out of the boundaries of this channel, are presented in the animated chart.

Forecast for GBP/USD on August 27, 2019

GBP/USD On Monday, the pound stopped short of the MACD line, a fall by 70 points, after passing the support level Fibonacci 223,6% and support line of the price channel on the daily chart scale. For further decline, today's candle should close below these graphic lines. In case of a price reversal, the MACD line (1.2285) remains the first target. The exit above it opens the second goal - the correction level of 200.0% at the price of 1.2350, more precisely, this is the target range of 1.2350/81, the upper border of which is formed by the low of July 17th.

On a four-hour chart, the price is still above both indicator lines, the Marlin oscillator is in the decline zone. According to the combination of indicators of two time scales, the advantage of "bears". An important level here is 1.2154 - the MACD line on H4 at the point of coincidence with the Fibonacci level of 238.2%, overcoming which opens the way to decrease to the Fibonacci level of 261.8% at the price of 1.2032.

FREELANCE OUTSOURCING

A young man after receiving his education has to move from door to door for a job. But jobs are never easily available. A fortunate one may get a job. In most cases the jobs are odd. Now the time has altered its own course. Now a day the young educated persons need not waste their time in searching of jobs. In fact internet freelancing outsourcing is giving them a golden opportunity of self employment like online jobs.

But freelancing outsourcing is not yet very much familiar to the mass people of our country. That’s why we are not able to enter the vast market of freelance outsourcing like India, Pakistan, Indonesia, China, Philippines, Russia, Ukraine, Brazil and many other countries. So I want to explain this topic in details.

WHAT IS OUTSOURCING?

Outsourcing is a Job which is done by another organization not by own. It may be at home or from abroad. The main reason of outsourcing is to minimize the production cost. Mostly the rich countries like America and Europe are doing this to get quality productions at low cost in due time. Mainly IT based jobs like Data Processing, Programming, Graphics Designing, Multimedia, Virtual Assistant and many more are being outsourced from various countries.

WHAT IS FREELANCING?

Freelancing is a job which is done by a freelancer. A freelancer is a person who is not assigned with a company or an organization for a long time. He has total freedom to choice a job as well as time schedule also. A freelancer does not abide by 9 AM – 5 PM office time schedule. Now it is more flexible due to wireless internet connection. If you have a laptop with wireless internet connection you can do any kinds of freelancing job from any where.

FREELANCER MARKETPLACE

There are many popular web sites which create opportunities of outsourcing. These are called “Freelancer Marketplace”. There are two types of users in freelance marketplace. One called “Buyer” or “Client” who offers a job. And other called “Freelancer” or “Provider” or “Contractor” who does the job.

HOW IT WORKS?

There are too many freelancers apply for one job which called “Bid”. Freelancers have to mention their price rate and time frame for a job in the bidding process.  “Buyer” can select any one among them.

But generally a “Buyer” selects a “Provider” on the basis of his experiences, price rate, time schedule and cover letter (job application). After this selection process “Buyer” deposits whole amount of money of said project on an account named “Escrow” (not in every marketplace) which gives a security for the providers.

After finishing a job “Provider” submits the job on the marketplace for the Buyer’s check. If everything is all right “Buyer” receives the work and marketplace authority makes a payment for “Provider” from “Escrow”. Marketplace site receives a service charge (10% – 15%) from Provider’s income and then they send money to the “Provider” in various processes. That’s the story about Freelancing Outsourcing.

EUR/USD capped by 1.3880

The single currency keeps the trade in the upper band of the weekly range, with the EUR/USD meandering below the 1.3880 level so far.

EUR/USD testing 3-week highs

Spot is challenging 3-week tops in the 1.3870-80 band, extending its bullish momentum after bottoming out around 1.3680 post-FOMC meeting. There are no relevant data today although German final CPI figures for the month of March will be released tomorrow. “Looking ahead, we expect the EUR to retain its resilient tone, even though there is a risk that the ECB will act again on policy to stave off deflationary risks… Going forward we expect that the EUR will remain reluctant to yield ground either to GBP or the USD”, noted Jane Foley, Senior Currency Strategist at Rabobank.

EUR/USD levels to watch

As of writing the pair is up0.07% at 1.3865 with the next resistance at 1.3867 (61.8% of 1.3967-1.3704) ahead of 1.3900 (psychological level) and finally 1.3966 (highe 2014 Mar.13). On the downside, a breach of 1.3780 (low Apr.9) would open the door to 1.3759 (10-d MA) and then 1.3738 (low Apr.8).