The EURUSD pair was falling sharply after the selection of the newly elected U.S president Donald Trump. Sellers took the full control of the pair after Donald Trump gave his victory speech on 9th November. The surprised bearish move of the market was not anticipated at all by the investors since the dollar was most likely to weaken due to Mr. Trump anti-social mentality. But surprisingly the dollar found immense strength in the market in the event of the newly elected president. The recent ongoing issue of the pending interest rate hike decision is also causing a great deal of fear into the mind ofRead More →

 There has been a strong downward rally in the EURUSD pair after the presidential election held on Tuesday, November 8.The green bucks have been exhibiting tremendous strength in the financial market and the current loss of the EURO has been extremely intensified since the pair is Deeping down without any slight retracement. After hitting the high at 1.12963 the bears have to control the market for the last two week. This week is going to start with a very important event for the EURO since the ECB president Mario Draghi is going to deliver his speech at the press conference. Optimistic traders are expecting hawkishRead More →

eurusd

There has been a bearish crossover in the 100 and 200 days SMA in the daily chart in the EURUSD pair. The pair has corrected to a great extent in the last week and had a false break above the 200 days SMA. Due to the recent presidential election, the mighty dollar loses its strength at the very beginning but at the end, it becomes significantly strong against its all major rivals in the market. Before it fell sharply on the last Friday the pair managed to hit the high at 1.13000 level which is acted as a strong psychological barrier for the bullish moveRead More →

eurusd

The medium-term uptrend in the EURUSD pair is now facing bearish reversal pressure since the pair has broken the bullish trend line support at 1.10266 on the daily chart. Professional traders are strongly bearish on the EURUSD pair since there has been a golden bearish crossover in the daily chart. In the last the 100 days SMA has crossed below the 200 days SMA and the price also ended well below the critical support level. The burning issue of the interest rate hike decision by the FED has been mitigated to a certain extent since the other major fundamental news releases came in favor ofRead More →

EURUSD pair trading idea The EURUSD pair has broken the triangle support line near the 1.10103 level and currently getting ready to for the strong bearish move. The pair has found some support at 1.08491 level and started its correction. On last Friday the pair closed with a strong bullish candle which created a massive chaos into the mind of investors regarding the strength of the critical resistance level at 1.10225 level. Due to the significant strength of Friday’s candle, there is a slight possibility that the pair might breach the critical resistance level at 1.10225.If the pair manages to breach the triangle support levelRead More →

eurusd

The medium-term uptrend in the EURUSD pair is at risk and the last week ended up with the strong bearish movement of the pair. The recent noise in the market has been furthermore intensified with the U.S interest rate hike decision. According to the economic researchers, there is only 6.7% of chance of rate hike in the month of October. But investors are in fear since they know 6.7% probability is not enough for the FED members to go in favor of the rate hike in this month. The upcoming presidential election is also giving fuel to prevailing chaos in the forex trading market. ThoughRead More →

EURUSD

EURUSD: 10th October -14thOctober Figure: EURUSD daily chart The EURUSD pair is struggling hard to put an end to its long term bearish trend in the market from the very beginning of the month of October. Last week the EURUSD pair recovered its losses and again gain strong momentum in the market upon the bad NFP news. Currently, there has been a mass chaos in the market about the interest rate hike decision by the FED. The average hourly income data U.S has not come as expected and investors are in fear that the mighty dollar might face long-term bearish momentum in the market. However,Read More →

trader

Forex trading is such a lucrative business where the potential income greatly depends on upon the investment. There is a misconception among the traders that bigger account is a must to become profitable in this industry. But in reality, size doesn’t matter at all at the initial stage. Many new traders get carried away with their emotions by trading the market successfully for one or two months. But trading success doesn’t come within in a month or two. You have to be profitable at least for one year to declare yourself as a professional trader. Consider small trading account as blessings since it will teachRead More →

usd-to-jpy

The Japanese Yen is among the most traded currencies in the world. This is as a result of its low-interest rates because the Yen is used in the carry trades. Also, the Bank of Japan recently expanded the amount of yen that it buys, in an attempt to change the current market deflation  to an inflation. In an actual sense, this is devaluing the Yen while at the same time boosting the countries exports and increasing prices of the imports, especially when it comes to commodities. On 12th September 2016, the USD/JPY pair started the week with a slight decline as the Yen’s strength wentRead More →

The medium-term uptrend in the EURUSD pair is still intact in the daily chart. Currently, the price is trading near the 38.2% Fibonacci retracement level where the pair might find some for another upward rally. Previously the pair has found some solid support near the 1.12000 level and traders are expecting this level to hold. EURUSD daily chart analysisFigure: EURUSD daily chart technical analysis The initial upward rally in the EURUSD pair starting from 1.0520 level tends to complete its upward momentum after hitting the high 1.1620 level on 2nd may 2016.From that level, the pair faced a significant amount of resistance and ultimately droppedRead More →

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