NZDUSD channel analysis

NZDUSD technical analysis: Testing critical channel resistance level | 20th June, 2017

Posted Posted in Technical Analysis

Bearish trade setup in the NZDUSD pair near the channel resistance First Critical Resistance: 0.7300 Second Critical Resistance: 0.7402 First Critical Support: 0.7095 Second Critical Support: 0.6830 Overall Sentiment: Bearish ∇ There NZDUSD pair has rallied higher for the last consecutive 5 week and currently, the bullish momentum of this pair has ceased after the pair Read More

USDCHF technical analysis, 2017

USDCHF preparing for its first bullish correction wave |10th June, 2017

Posted Posted in Technical Analysis

USDCHF Technical Analysis: Preparing for its first bullish correction wave |10th June 2017 First Critical Resistance: 0.9810 Second Critical Resistance: 0.9890 First Critical Support: 0.9616 Second Critical Support: 0.9540 Overall Sentiment: Bullish Δ There has been a massive decline in the USDCHF pair after the U.S dollar index fell from its 14-year record high in the Read More

GBPUSD technical analysis

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

Posted 1 CommentPosted in Technical Analysis

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

AUDUSD technical analysis | 8th may

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

Posted Posted in Technical Analysis

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

Methods of doing the market analysis

Posted Posted in Fx School

Best analysis to follow You have learned what are the three different types of analysis in the Forex market. You are wondering what type of analysis is best for your trade. The best analysis does not depend on what type of trader are you. If you are a serious trader and want to make money Read More