Technical Analysis

General analysis about forex market: 2nd January – 6th January

10 months ago forexsimulation 0
GBPUSD Technical analysis: The GBPUSD pair showed some decent bullish movement in the last trading week after hitting the critical support level at 1.21963.The gained its bullish momentum in the market after the US dollar index slipped from its 14 years high in the market. However, the bullish move in the GBPUSD pair faded after Read More

General analysis about forex market: 12th December – 16th December

11 months ago forexsimulation 0
GBPUSD technical analysis: The high of the last week was 1.29274 for Great Britain Pound and after hitting that high the pair sharply dropped down just below the 100 days SMA. The dynamic resistance level was at 1.2775(100 day SMA). The market got intense selling pressure on that area and fall back to 1.2570 which Read More

Technical analysis on NZDUSD, AUDUSD, and USDJPY: 28th November -2nd December

12 months ago forexsimulation 0
NZDUSD technical analysis: 28th November – 2nd December Figure: NZDUSD daily chart The strong rally of the NZDUSD pair has been stalled after it hit the critical resistance level at 0.74834.From that level, the pair sharply breached two critical support level in the market with strong bearish momentum. Last week the pair formed a nice Read More

Forex Market Outlook after US Election

12 months ago forexsimulation 0
After the US election had held it created ripples in major currency markets of the world. Below is the summary of how various currencies reacted to the election. EURUSD The EURUSD pair has been falling since the result of the US election. The US president Donald Trump plans to increase fiscal spending and cut taxes Read More

Market analysis on AUDUSD, EURJPY, and USDCAD: 14th November -18th November

1 year ago forexsimulation 0
AUDUSD forecast: 14th November – 18th November Figure: AUDUSD daily chart The AUDUSD pair has successfully breached the triangle support zone at 0.75638 in the last week. The U.S dollar has gained immense strength against its all major rivals on the eve of the presidential election in the last week. Currently, the pair is trading Read More

Technical analysis for EURUSD: 24th October -28th October

1 year ago forexsimulation 0
The bullish rally in the EURUSD pair has come to an end since the price has finally broken the triangle support zone at 1.11200 level. There has been a mass chaos into the mind of the investors about the next t possible move of the EURUSD pair due to burning issue of the interest rate Read More

Market analysis on AUDUSD, NZDUSD, and EURJPY: 17th October -21st October

1 year ago forexsimulation 0
AUDUSD: 17th October -21st October  Figure: AUDUSD daily chart The AUDUSD pair has shown significant bullish momentum in the market in the last couple of months. The recent crisis in the U.S economy has also intensified the bullish move of the AUDUSD pair. Currently, the price has formed nice ascending channel like structure in the Read More

General analysis about forex market: 26th September -30th September

1 year ago forexsimulation 0
EURUSD technical analysis The medium term uptrend of the EURUSD pair still intact and trying to gain some fresh buying momentum after the dovish statement of the FOMC meeting minute. Currently, price is trading in a neutral zone and trading the pair at the current level will be an immature act. The initial support for Read More