Currency

Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bullish The index is an upward move but it is facing resistance at level 13200. It must have reached bullish exhaustion as it faces rejection. On November 10, a retraced candle body tested the 88.6% Fibonacci retracement. This indicates […]

XRP/USD MARKET NOVEMBER 26 After the price retracement, it may resume its bullish trend and the resistance level of $0.79 and $0.88 may be reached. Below the current price, the level is found the support levels at $0.55, $0.44, and $0.39. However, the relative strength index period 14 is at 70 levels bending down to […]

Technical indicators aside, what are the fundamentals that should support a currency’s strength? We can point to things like economic strength, political stability and high interest rates as among the basic factors. There are other influential factors, for sure, but those three are the basic fundamentals that decide whether the lines go up or down; […]

Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Bearish The USD/JPY pair has been in a downward move since November 12 after a rebound above level 103.30. The pair is approaching the previous support at level 103.30. The selling pressure will resume if the current is broken. […]

EURJPY Price Analysis – November 20 The EURJPY pair is attempting to close beneath the 123.37 price zone as speculative interest stays trapped between coronavirus outbreaks and vaccine hopes. The pairs selling momentum remains toward the 123.00 level. Key Levels Resistance Levels: 127.07, 125.00, 123.37 Support Levels: 122.37, 121.61, 119.31 EURJPY Long term Trend: Ranging […]

You are going to have a lot of choices when looking into a forex broker, and there are many differences between each one. Every broker is going to offer you a different service, with advantages and disadvantages, and not all of them are going to be the right fit. Getting into currency trading is much […]

When you start thinking about investing in the forex markets one of the first things you must decide on is a broker. The average investor does not have the training, education, experience, or access to start forex trading, and will require professional assistance. There are a lot of options out there for forex brokers, so […]

The forex markets are awash with billions of dollars being traded every hour, and with that amount of money involved, there will be a lot of competition to get your business. If you are in need of a broker to handle your investments, there are going to be so many choices it can make your […]

If you are one of the millions of people who are looking to make fast money trading currency on the Forex markets, then you must prepare before jumping in headfirst. You must learn the ins and outs of this fast-paced trading so you can make informed and wise decisions. It will start by finding the […]

Hello Traders: The 2020 United States presidential election is here and traders are expecting high volatility in the markets.   My Take Nothing unusual and nothing extraordinary will happen in the markets. The markets don’t surprise people when they’re looking out for such; surprises come only when people don’t expect them. An informational traffic sign […]