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 →


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 →


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 →

The EURUSD is among the most traded currency pair in the world. It actually represents the two world’s largest economies (Europe and the United States of America). The Euro pound was invented to enable the cross-border trade of the European Union trading partners. From the time it was invented in 1999, this currency pair has faced a lot of volatility. The various important past levels on the trading chart to watch out for The first is the 1.1535 which is a monthly support level. This can be noted if you contract the chart to the monthly timeframe. The level is very evident in May 2016 and alsoRead More →


The medium-term uptrend in the EURUSD pair has been breached by the sharp fall of the price on 23 June 2016.After hitting a low of 1.09132 prices has correct towards the level 1.13648 level. The EURUSD pair has been suffering from indecision since both the currencies is facing hardship in their economic performance. The fast recovery of the pair has been triggered by the recent bad data of US unemployment claim and average hourly income. Investors are waiting patiently for the FOMC meeting minute since there is 20% chance of interest rate hike in the month of September. The FED was strongly determined with theRead More →

The medium-term uptrend is the EURUSD pair is still intact after forming the initial bottom towards the 1.05223 level, low of 3rd December 2015.The pair has managed to form nice higher high associated with lower lows after hitting the low of 1.05223 to form the medium term uptrend against the long-term prevailing downtrend. On 3rd may 2016 the pair has hit a significant key resistance level 1.16163 in the daily chart and started to move downward in favor of the long-term bearish trend. The bearish movement of the pair formed a nice descending channel pattern in the EURUSD pair indicating fresh selling pressure in theRead More →

Professional traders use the different style, techniques and trading strategies to trade the forex market. One of the most popular trading strategies in today’s forex market is “Price Action Trading.” Price action trading involves the study of rice price data and finding high probability trade setup in the forex market. Traders use “Bar chart and candlestick Chart” to trade the forex market with price action trading strategy. This technique is very simple which is most based on candlestick formation in the support and resistance level. Price action trading is highly profitable in the longer time frame. Professional traders use the naked chart to read theRead More →

Trading the forex can be very much intimidating since extensive knowledge and self-discipline is required to make the profit from this high leverage market. “It’s in human nature that they will always love to win and make the profit”. True professional traders who are now successful in Forex trading has developed unique sets of skills which go against the very human nature. They accept losses happily in this market. It is often said that almost 95% of the traders lose money in this industry. So, “Why they are losing?” They are losing because all of them are making the common mistakes in the market. ThreeRead More →