Price of oil edged lower on the last Friday

8 months ago forexsimulation 0
There has been huge chaos in the energy field in the last year as the price of oil and coal was drastically rallying down in the global market. Most of the energy field researchers were worrying about the strong bearish pressure in the global market as the price oil and coal kept dropping in the Read More

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

9 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

Oil prices slowly sinking as investors watch for the next year opening

9 months ago forexsimulation 0
There has been a massive chaos in the energy sector from the very beginning of this year as the supply of oil was extreme in the global market compared to its demand. The price of oil kept on falling and the investors were deeply worried about the ongoing crisis in the energy field. However, things Read More

Tips for forex options trading during low volatility

9 months ago forexsimulation 0
Trading can be extremely difficult if you don’t know how to trade the market properly. Those who are trading the financial instrument for a long period of time have undergone many difficult stages and after long perseverance, they have become a professional trader. The forex market is either trending or remains in a sideway. Those Read More

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

9 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

Top five deadly mistake in forex trading

10 months ago forexsimulation 0
There are many reasons why we cannot make more profit in the forex market. There are many people who are doing the trade year after year but they can’t make money from this market. They wonder why they can’t make money from the market. They know what market going to do next and what can Read More

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

10 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

10 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

10 months 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