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Watching for Major Trend Breakout on EURJPY
Since the the BOJ news release last week we’ve seen a change of tide on the EURJPY where the pair has consistently been making lower lows and lower highs. We are now looking at the pair fall back into a previously persistent range zone for the better part of last month approaching a rather strong […]
EURJPY Trend Forecast after BOJ report on Inflation
The Bank of Japan just released their stand on inflation which was pretty hawkish and the markets certainly did react to it. To give a brief recap of the currency’s performance in the last month, we observed EURJPY maintain a very strong support level between mid November and Mid December ’21 at 127.515 within a […]
Forex Weekly Forecast Fundamental and Technical Outlook on DXY, GBPUSD, GBPJPY, EURUSD, XAUUSD, USDJPY
Heading on to the third trading week of the month we’re looking at a relatively quiet week from a fundamental perspective. To watch out for is the GDP report in regards to the Chinese Yuan (CNY), outlook report and speech from the Bank of Japan and England respectively, GBP and CAD CPI data, as well […]
Best Scalping Strategy 2022
There are many different techniques that traders use to favorably predict market movement, allowing them to enter the market at the appropriate times. To be a successful scalper, orders need to be well researched and placed quickly, following strategies similar to those mentioned below.Our forex trading strategy article seeks to arm you with enough knowledge […]
The Dollar Index Plummeting (DXY)
Following our start of week analysis, the dollar index had been in a range since November. We saw really strong support and resistance zones between 95.530 and 96.900 respectively. From a fundamental perspective we had the Fed Chair Powell testify whereby the remarks were dovish causing the pair to break out of the range with […]
Weekly analysis (GBPUSD, GBPJPY, XAUUSD, EURUSD, USDJPY, DXY) 10/1/2022 – 14/1/2022
DXY Following NFP’s release last Friday, the dollar index has been bearish and is approaching a support level at 95.635. We are anticipating for it to bounce off the support level and head for 96.654 level. This would mean we will be looking for shorting opportunities in pairs like GBPUSD, EURUSD, XAUUSD and buys on […]
How To Make Money In Forex 2022
What is forex trading? Forex trading is the practice of trading different currency pairs in order to profit from the difference in the value of the currency pair as a result of market movements. The Forex market is the most liquid market in the world, with the highest daily traded volume of any market or […]
Pound Dollar Starting 2022 with a Bang! (GBPUSD)
Towards close of 2021, we were looking for a retest of the 1.34726 zone for us to get in on the GBPUSD long train. Needless say the retest did not come, but we still had the chance to cash in on the move. Price instead rallied up breaking 1.34615 to the resistance zone at 1.35050 […]
GBPUSD Weekly Analysis
Following on last week’s analysis, the pound indeed did break the 1.33654 zone we were watching headed to the top of the channel. From a fundamental perspective we’re looking at a very slow week heading on to the new year. If anything, we’re looking at an extensive week of bank holidays from 31st Dec all […]
The Pound Bound to Recover Come 2022? (GBPUSD Weekly Analysis)
On the daily chart GBPUSD has held within a downward channel since hitting the year’s high on June 1st at 1.42456. Generally, the pound has been weak in the last half of the year, but is it time for a reversal for the pair? Turning to H4 we note the confluence between the bottom of […]