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

USDJPY hitting channel support

USDJPY bounce off from channel support level | 23rd April 2017

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USDJPY technical analysis: Possible bullish move | 23rd April 2017 First critical Resistance: 110.06 Second critical Resistance: 112.20 (Channel resistance) First critical Support: 108.10 Second Critical Support: 107.40 Overall Sentiment: Bullish Δ The USD JPY pair sharply fallen in the descending channel support zone and after hitting the critical channel support level at 108.10 the pair Read More

EURUSD latest technical analysis

EURUSD testing critical support level | 8th April 2017

Posted on Posted in Technical Analysis

EURUSD technical analysis: Hitting critical support level | 8th April 2017 First critical Resistance: 1.06446 Second critical Resistance: 1.09050 First critical Support One: 1.05834 Second Critical Support: 1.05383 Overall Sentiment: Bullish Δ The EURUSD sharply fall in the global market in the last week despite the negative U.S data and the pair ended up by hitting the Read More

How to trade with price action candlestick pattern

Posted on Posted in Strategies

We could definitely say that the price action is the core concept of foreign exchange market i.e. Forex.  But not only Forex all the other financial businesses’ key factor is the price. The price has the ability to decide the market movements easily and simply. Though for the traders it can be hard and complicated Read More