GBPUSD technical analysis

GBPUSD heading towards broken trend line resistance |29th May, 2017

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GBPUSD Technical Analysis: Minor bullish retracement is in place |29th May 2017 First Critical Resistance: 1.29068 ( broken trend line resistance ) Second Critical Resistance: 1.30448 First Critical Support: 1.27732 Second Critical Support: 1.25951 Overall Sentiment: Slightly Bullish Δ The GBPUSD pair broke the 4-hour medium-term bullish trend line support level and stopped its bearish Read More

USDJPY back into ascending channel zone | 18th May 2017

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USDJPY technical analysis: Back into the daily ascending channel |18th May 2017 First critical Resistance: 111.48 (Channel resistance) Second critical Resistance: 115.42 (High of 10th March 2017) First critical Support: 107.96 Second Critical Support: 105.40 Overall Sentiment: Bearish∇ The USDJPY pair rallied higher and broker the channel resistance level but ultimately failed to keep its Read More

AUDUSD technical analysis | 8th may

AUDUSD pair testing 61.8% retracement level | 8th May 2017

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AUDUSD technical analysis: Testing 61.8% retracement level | 8th May 2017 First critical Resistance: 0.7520 Second critical Resistance: 0.7451 First critical Support: 0.7380 Second Critical Support: 0.7390 Overall Sentiment: Bullish Δ The AUDUSD pair sharply dropped in the global market after hitting the long term bearish trend line resistance level at 0.7746.We took short entry at Read More

latest usdjpy technical analysis

Possible breakout of channel resistance in USDJPY pair | 4th May 2017

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USDJPY technical analysis: Possible breakout of channel resistance |4th May 2017 First critical Resistance: 112.70 (Channel resistance) Second critical Resistance: 115.42 (High of 10th March 2017) First critical Support: 108.23 Second Critical Support: 105.40 Overall Sentiment: Bullish Δ The USDJPY pair rallied higher towards the channel resistance level and we have booked 75 percent of our Read More

Forex amazing trading tips

Three secrets for trading the high impact news release

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Three things that you should follow while trading the high impact news  The forex market is an extremely volatile market and every single day the number of retail traders is increasing at an exponential rate. Most of the people consider forex trading as their full-time profession since they know that this market can secure their Read More