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

5 years 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

6 years 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

6 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

6 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