Monthly Archives: October 2013

EURJPY – 31st-Oct-2013

EURJPY came down sharply and at the time of writing and now consolidating near 1st support level i.e. at 134.89. The next immediate support is at 134.49 followed by 134.21. In uptrend movement 1st resistance could be seen at 135.57 … Continue reading

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Forex for living

There is no doubt that that forex trading is one of the lucrative profession in the internet. Many people made a fortune and proved that dreams are not far from us if we adopt forex trading as a living or … Continue reading

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Why Overtrading Is Not Good.

Forex market opens on Sunday 5 pm EST (10:00 pm GMT) and closes on Friday 5 pm EST (10:00 pm GMT). That is why forex market is very different than any other businesses. We get privileged to do forex trading … Continue reading

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NZDUSD

Date: 24th October, 2013 Currency Pair: NZD/USD This pair showing some bullish trend at this moment.  1 hour and 4 hour candle sticks are very clearly making an uptrend movement. The next resistance level is at 0.8488 followed by 0.8583 … Continue reading

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GBPUSD – Daily Analysis

Date: 23rd October, 2013 Currency Pair: GBP/USD After came down sharply this pair able to stable near 1st support level i.e. at 1.6153. The next immediate support is at 1.6069 followed by 1.6021.  Today two important news released and both … Continue reading

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USDJPY

Date: 22nd October, 2013 Currency Pair: USD/JPY USDJPY is flat and at this moment it is ranging at 1st resistance level i.e. at 98.35. The next resistance is at 98.52 followed by 98.81. At downward movements the immediate support is … Continue reading

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USDJPY

Date: 18th October, 2013 Currency Pair: USD/JPY USDJPY seems to be bearish at this moment. In 1 hour, 4 hours and daily chart candle stick pattern is clearly visible as downtrend movement is advancing towards next support level i.e.  at … Continue reading

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EURUSD is at 8 months High!

Date: 17th October, 2013 Currency Pair: EUR/USD Today EUR/USD managed to go beyond 1.3649 (Feb 2013 high). At this time this pair is trading at 1.3664. The next resistance is at 1.3672. If it breaks this level then it may … Continue reading

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USDJPY at 1st Resistance.

Date: 16th October, 2013 Currency Pair: USD/JPY USDJPY is now struggling to cross the first resistance level i.e. at 98.57. Bullish trend may start once it break this level. Next resistance is at 98.97 followed by 99.26. In downward direction … Continue reading

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EURUSD at a Glance.

Date: 16th October, 2013 Currency Pair: EUR/USD We can see some mixed trend in EUR/USD. After a sharp downfall it managed to reverse from daily support i.e. at 1.3479. At this moment it is ranging below daily pivot (1.3525). In … Continue reading

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