Forex market witnessed a mixed last week. While U. S. dollar was strongest against euro, weak against sterling, and was stagnant against Japanese yen. Some economists were of the view that due to coronavirus, there is a risk atmosphere in the market, beneficial for risk assets like euro. Despite that euro continued it’s weakness. TheContinue reading “LET’S MAKE THIS WEEK PROFITABLE IN FOREX TRADING”
Category Archives: Forex Technical Analysis
CARRY ON YOUR WINNING STREAK THIS WEEK IN FOREX
In previous post we highlighted that buy on dips strategy in eur usd will be profitable. The pair is currently trading around 1.09500. Buy on dips was also recommended in gbp usd. The pair is currently trading around 1.28900. Traders were advised to book profits in Usd jpy buy positions and to start selling theContinue reading “CARRY ON YOUR WINNING STREAK THIS WEEK IN FOREX”
FOREX MARKET THIS WEEK TRADING OPPORTUNITIES
In previous post we tried to describe, how forex market will digest ECB. Eur usd was expected to make a bottom, happy profits to those who started buying on dips. Gbp usd was predicted to wander in recent range. Sell on rallies in usd jpy was recommended to hold, the pair also trading according toContinue reading “FOREX MARKET THIS WEEK TRADING OPPORTUNITIES”
How Forex Market Will Digest ECB ?
European central bank kept it’s major policy levels unchanged ( the main refinancing rate at 0.00%, deposit rate at -0.50%, the marginal lending rate at 0.25%, and policy in monthly assets purchasing kept unaltered on Thursday. Despite that, particularly eur usd pair showed some weakness, gbp usd remained within it’s familiar territory. Usd was weakContinue reading “How Forex Market Will Digest ECB ?”
HOW FOREX MARKET MAY BEHAVE THIS WEEK?
Forex market was in a pause mode last week, euro and gbp eroded their recent gains, but will they continue the decline or it was just a breather? Aud registered a new high this week before slipping down due to profit bookings. Jpy weakness was also in a state of stagnation. Traders made good profitsContinue reading “HOW FOREX MARKET MAY BEHAVE THIS WEEK?”
Forex Trading Analysis 