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

5 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

5 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.

5 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

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

5 years 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

5 years 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