Monthly Archives: October 2016

Importance Of Demo Account.

Forex trading is a profession which requires a lot of practices. Without proper practice and understanding it is not possible for anybody to become a professional forex trader. We know that demo account is freely available. In other words we … Continue reading

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USDJPY – Daily Analysis – 31st October, 2016

Date: 31st October, 2016 Currency Pair: USDJPY After the last weeks bearish rally USDJPY is trying to stabilize above support level i.e. 104.28. It seems that Japanese Yen has got some positive strength across the board. Failure to stand above … Continue reading

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GBPUSD – Daily Analysis – 31st October, 2016

Date: 31st October, 2016 Currency Pair: GBPUSD In last trading session GBPUSD has settled in red. We can see small bearish rally on this pair which could be extended towards 1.2132 i.e. 1st support for today. Now the pair is … Continue reading

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EURUSD – Daily Analysis – 31st October, 2016

Date: 31st October, 2016 Currency Pair: EURUSD EURUSD has lost its previous session bullish momentum. In 4 hours technical chart we can see clear bear candles however it is still hovering above daily pivot level i.e. 1.0956. The immediate support … Continue reading

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Its Weekend Time!

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USDJPY – Daily Analysis – 28th October, 2016

Date: 27th October, 2016 Currency Pair: USDJPY Yesterday USDJPY soared to a 3 months high and finished the session in a positive note. Still the pair is trying to hold yesterday’s gain. From technical point of view we can expect … Continue reading

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GBPUSD – Daily Analysis – 28th October, 2016

Date: 28th October, 2016 Currency Pair: GBPUSD Currently GBPUSD pair is flat below mid lines. The pair has been moving in a very limited range for last couple of trading hours. We can find the immediate support at 1.2115. Below … Continue reading

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EURUSD – Daily Analysis – 28th October, 2016

Date: 28th October, 2016 Currency Pair: EURUSD EURUSD is trying to regain its strength above strong support i.e. 1.0870. A steady move above 1.0929 i.e. 1st resistance is still required for a confirmed bullish movement. A breakout above 1.0929 would … Continue reading

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USDJPY – Daily Analysis – 27th October, 2016

Date: 27th October, 2016 Currency Pair: USDJPY USDJPY continue to trade under a strong resistance level. The pair had failed to cross 104.71 i.e. 1st resistance for today. We can expect the pair would see some selling pressure here. If … Continue reading

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GBPUSD – Daily Analysis – 27th October, 2016

Date: 27th October, 2016 Currency Pair: GBPUSD GBPUSD has been moving around limited area. The pair has not able to show any particular trend from last couple of trading hours. At present the pair is hovering around daily pivot level … Continue reading

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