USDJPY back into ascending channel zone | 18th May 2017

Posted on Leave a commentPosted in Technical Analysis

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

Posted on Leave a commentPosted 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

Technical analysis

EURJPY hitting trendline resistance level | 27th April 2017

Posted on Posted in Technical Analysis

EURJPY technical analysis: Short entry triggered | 27th April 2017 First critical Resistance: 122.06 (Trend line resistance) Second critical Resistance: 124.07 (High of 14th December 2016) First critical Support: 117.80 Second Critical Support: 114.85 Overall Sentiment: Bearish ∇ The EURJPY pair formed a nice bearish pin bar after hitting the bearish trend line resistance level Read More

Methods of doing the market analysis

Posted on 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

Technical analysis of the Forex market

Posted on Posted in Fx School

Overview of technical analysis Forex market analysis has three categories. Technical analysis is the most widely used analysis in over the world. The technical analysis comprises the use of a chart which many people think is a good option because by watching chart we can know the past movement. Right? Yes, it is what technical Read More