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

11 months 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

11 months 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

11 months 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.

12 months 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

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

12 months 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

Trading idea on major pairs: 3rd October -7th October

12 months ago forexsimulation 0
EURUSD pair In the last few weeks, the EURUSD pair has been moving in between 1.1120 – 1.1270 level. The volatility of this pair has been decreased to great extent due to the uncertainty of interest rate hike decision by the FED. In the last FOMC meeting minutes, the FED has clearly announced that they Read More

Tradable Scenarios for the British Pound

12 months ago forexsimulation 0
In the past couple of months, trading the pound has been all about brexit. In anticipation of the UK’s exit from the European Union, speculators have shorted the pound to historical lows, not seen for more than 30 years. Many short positions were taken in anticipation of a negative impact on the economy. But the Read More

Warnings and tensions at the G20 summit

1 year ago forexsimulation 0
President of China Xi Jinping officially opened the two-day summit of leaders of the world’s largest economies, the Group 20. He said that he needed their agreement on measures to create a new momentum of economic growth and to avoiding protectionism. At the start of the G20 to be held in the eastern Chinese city, Read More

Trading With the Cloud

1 year ago forexsimulation 0
The Ichimoku cloud is actually an oscillator and not an indicator even though, compared with other oscillators, it is placed on the actual chart and not below as a regular oscillator. The overall indicator represents a state of equilibrium between current price and projected and historical prices, offering an overall view of the financial product Read More

How to become a professional trader using forex simulator

1 year ago forexsimulation 0
Trading the financial instrument successfully requires an extreme level of skills and patience. You can’t expect to earn tons of money just by learning the basics of this financial instrument. Experience is a must if you truly want to become successful in this industry. There is a myth that you can’t be an expert trader Read More