Month: January 2019

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price has reversed around the previous trend resistance area and the longer-term moving average. The AUDUSD continues to look indecisive. Trading opportunities could exist around the identified diagonal support and resistance area, around the moving averages and around …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD reversed around the longer-term moving average and has since moved higher. Price is now looking indecisive. The moving averages confirm the market indecision – they are moving sideways. Trading opportunities could exist around the moving averages …

EUR/USD The Euro is still located within the range between the level of support 1.1267 and the level of resistance 1.1585. Moreover, we should allocate that the large volume is concentrated inside this consolidation Considering all these factors, we must wait for the exit of the price from the range …

EUR/USD The Euro goes on trading within the local range between the level of support 1.1267 and the level of resistance 1.1585. It is also necessary to allocate that the large volume is concentrated inside this consolidation. Hence, we should wait for the sure and sharp exit of the price …

  AUDUSD – 1 Hour Chart   The AUDUSD has been bullish. Price is above the moving averages and the trend resistance area, suggesting that the recent downtrend is now over. The moving averages are about to cross bullish, signalling the current upside momentum. The AUDUSD is now looking indecisive. Trading …

As we talked about why forex broker plays a huge role in our previous sharing, today we are going to talk about ‘how to choose the right broker’. Choosing a doozy broker for your very first trading account is actually your biggest trade as a beginner trader. The effort to …

EUR/USD The Euro showed a significant growth of the price on the  large volume on Friday. Nevertheless, the pair is still within the local range between the support level 1.1267 and the resistance level 1.1585. Thus, we can open new positions only after a confident and rapid exit of the …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price has continued to be bearish and move lower. The AUDUSD is down-trending. The moving averages are bearish and steady, signalling that the downside momentum may continue. Selling opportunities could exist around the dynamic resistance of the moving …

EUR/USD The Euro showed a significant and sharp drop of the price yesterday. At the moment, the pair is trading near the support level/lower limit of the local range. Given that the decline was on the large volume, we can consider the scenario of the breakdown of this mark, which …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD has continued to be bearish and move lower. Price is down-trending. The moving averages are bearish and steady, signalling that the downtrend could continue. Opportunities to go short may exist around the dynamic resistance of the …