Businesses which are involved in global trading need to be in a position to predict forex market behavior. This is essential for them when concluding deals / arranging for payments to protect themselves from the possible adverse...
Before we get into determining strategies for forex trading, let’s make sure we understand the core of Forex Trading. The forex market is a dynamic market place where foreign currencies are traded actively. This is normally done...
No changed in our view, USDCAD remains in downtrend from 1.3063 and the fall extends further to as low as 1.0891 level. More quick moves is still possible next week and the next target would be at...
After a small sideways consolidation, USDCHF drops sharply from 1.0953, suggesting that the pair remains in downtrend from 1.1740. Further fall is still possible next week, and the next target would be at 1.0500 level. Key resistance...
After touching the rising trend line from 93.53 to 95.62, USDJPY pulls back from 97.23 level, suggesting that a cycle top has been formed on daily chart. Deeper decline to retest 93.53 long term key support could...
AUDUSD remains in bullish movement and the uptrend from 0.6284 extends to as high as 0.8014 level. Further rally is still possible next week and target would be at 0.8200-0.8300 area. Near term support is at 0.7700,...
GBPUSD continues moving bullish and the rise from 1.4397 extends to as high as 1.6197 level. Further rally could be seen to 1.6600-1.6700 area next week. Near term support is at 1.5750 followed by 1.5500, as long...
EURUSD stays above the rising trend line on daily chart and remains in uptrend form 1.2884. Further rally to towards 1.4500 is expected next week. Initial support remains at the rising trend line and key support is...
Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders...
EUR/USD Breaks Recent Lows The pair fell through the May 26 swing lows. This is not too significant at this point, but when London opens, failure to test and hold above this 1.3870 level would set a...
