What is swap?
The swap is said to exchange two currencies or economic assets that are determined at a certain time. Dollar against Euro or Yen against Japanese Yen swaps due to the reasons arising from interest rate differences between reciprocal countries. These swap ratios also affect the forex market on a daily basis, either negative or positive. In terms of swap, each broker has its own campaigns. While some forex companies do not apply a certain volume swap, some are swapping.
What is Scalping?
Scalping is the name of the way in which foreign exchange traders use forex to make short-term gains.
It is often used by people who want to benefit from short-term market movements. Scalping is also used to mean to take a share from short-term mobility in the market.
Scalping risk is a trading strategy and is not approved by most people. Forex has a lot of scalping place in global exchange and commodity market but it is not preferred by most people.
With Scalping you can earn high amounts in a short time and besides, you can lose too much money. When scaling is applied, the forex system has a high volume of operations due to the leverage effect.
Euro / Dollar continues to bear downward pressure. Yesterday, after the ECB meeting, sales on the euro side of parity continue. On a global basis, it would be beneficial to add that the EUR / USD is under pressure on the USD depending on the value gain. On the other hand, the first reading growth data, which reflects the 3Q period in the US, was 3.0% compared to 2.6% market expectation. Personal consumption came in at 2.4%, compared with expectations of 2.1% in the third quarter. After the data, the downward trend continued in the unit. US Michigan consumer confidence index will be released throughout the day.
Technical Analysis: Parallel to our expectations, we broke 200 week moving average and accelerated sales. Perchede continues to be sales-oriented. It seems risky to open new long positions at this point. Even if the pair reacts upwards, the reactions are likely to remain limited. There is a need for built-in operations on the resistance area of 1.1680 / 1.1700 for the upward trend in the part again. On the other hand, we continue to follow the 1.15 – 1.1470 support area.