Category Archives: General

There are many different types of trading strategy in the forex market. Trading strategy tends to vary from traders to traders. Though there are many types of system in the market price action trading strategy is considered to be one of the most profitable trading systems in the world. However, in order to trade the financial assets by using the price action trading strategy in the world, you need to make have a very clear understanding about the basic candlestick pattern. If you look at the professional traders then you will notice that all of them are trading the live Continue Reading →

NZDUSD Technical analysis The NZDUSD has remained bearish in last trading week. Since The FOMC rate decision day, the pair was going down in the last eight trading day. The pair made new low in last week. The NZDUSD created the new lower low breaking the support of last June. The pair has been fueled up by massive selling pressure throughout the week. The price falls down nearly 375 pips in the last few days after breaking the 100 weekly moving average. The pair didn’t manage to find any key support level in near distance that’s why the market participated Continue Reading →

EURUSD technical analysis There has been a nice sign of recovery in the EURUSD pair in last week as the pair formed a nice bullish reversal pattern in the daily chart after hitting the critical support level at 1.05151.The recent strength of the US dollar has pushed all the major currencies in the forex market towards a new low in the very beginning of the month of September however the ongoing strength of the green bucks has faded to a certain extent in the last week. If the critical support level at 1.05151 manages to give some fresh buying pressure Continue Reading →

EURUSD technical analysis There has been a massive drop in the EURUSD pair in the last week and currently the price is testing one of the most critical support levels in the market. If the critical support level at 1.05707 fails to restrict the bearish momentum of the market then we can assume another large drop in price which might even exceed 400 – 500 pips. On the contrary, if the pair manages to find some fresh buying pressure at the current level then we can assume a minor correction in the pair towards the first critical resistance level at Continue Reading →