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

1 year 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

1 year 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

1 year 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

1 year 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

2 years 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

Trading idea on major pairs: 7th November -11th November

2 years ago forexsimulation 0
EURUSD pair There has been a strong bullish correction in the EURUSD pair in the last week after hitting a low at 1.08496.There has been a golden bearish crossover in the 100 and 200 days SMA in the daily chart of the EURUSD pair. Currently, the pair is testing the dynamic resistance level at 1.13378 Read More

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

2 years 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

2 years 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

Forecast about gold and oil price: Brief overview about commodities.

2 years ago forexsimulation 0
The medium term bullish pressure in the crude oil is still intact in the last week and traders are expecting fresh buying pressure from the starting of this week. Currently, the support for the crude oil price is at 47.00 marks. A clear decisive break below that level will bring the price towards the 46.0 Read More