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

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

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

1 year 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

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

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

1 year 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

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

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

1 year 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

1 year 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