Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been on a downward move since September 11. The pair faced rejection at level 0.9250. The market is rising to retest level 0.9100 for a possible downward move. Daily Chart Indicators Reading:The 50-day and 21-day SMAs are sloping […]
GBPUSD Price Analysis – October 25 The GBPUSD broke below the 1.3050 level and at risk of plunging in the short-term beneath the 1.3000 level, after hitting a fresh two day low in the prior session. The Pound is under pressure as US Dollar recovers momentum however the upbeat UK Retail Sales and expanding business […]
GBPJPY Price Analysis – October 25 The Pound sterling vs safe-haven Yen stays fragile under selling pressure at the end of the week, despite trading in a consolidation channel between 137.84 and 135.38 levels. Persistent Brexit-related uncertainties continued undermining the sentiment around the GBP. Key LevelsResistance levels: 147.95, 142.71, 137.84Support levels: 135.38, 133.04, 131.75GBPJPY Long […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD has risen to the overbought region. It may face rejection at level 0.6700. Since July, the pair has been fluctuating between levels 0.6600 and 0.6800. Daily Chart Indicators Reading:The Kiwi has risen to level 57 of the Relative Strength […]
EURJPY Price Analysis – October 23 EURJPY’s corrective downside from a recent high around 125.00 level meets decent contention at the 123.41 regions. The pair is attempting to recover higher against the Yen, following the release of positive PMI Manufacturing data from Europe. Key LevelsResistance Levels: 127.07, 126.46, 125.00Support Levels: 123.37, 122.37, 119.31EURJPY Long-term Trend: […]
USDCHF Price Analysis – October 23 The USDCHF has bounced up from 0.9030 lows against the Swiss Franc while selling bias continues to aim for the 0.9000 level. The greenback plunged across the board in the initial European session as hopes of a breakthrough on the US coronavirus stimulus negotiations boosted demand for risky assets. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair has been in a downward move. The pair has fallen to level 104.34 and it is correcting upward. A retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that the Yen is supposed to reach […]
NOTE: This interview was done several years ago and it is part of the content of the book, “Unlock Your Potential With the Realities of Trading.” It is thus reproduced here, for the benefit of our readers. Trading is Ideal for a WomanWomen can be, and are, great traders as well. They certainly have admirable […]
Forex trading has become a very popular activity for people. In the recent decade, the surge in the FX market is visible and people are constantly looking for new opportunities to earn money on the largest financial market. Few would deny that exchange rates should be at least partly determined by the supply-demand ratio, i.e. […]
