Usd Jpy is trading in a range bound manner for more than a month. Price was hovering between 107.000 and 105.500. Yesterday the pair broke it’s silence and the price is now trading below it’s familiar level of 105.500. Now what is the fate of the pair now is a big question. As the pairContinue reading “LATEST FORMATION ON USD JPY CHART”
Category Archives: forex trading
EUR USD, A TREND REVERSAL OR A CORRECTION IN BULL RUN?
Eur usd touched nearly 1.20000 recently and very quickly returned to 1.18800. This quick move created a doubt in trader’s mind, if it is a beginning of trend reversal or just a correction in the bull run? If we look at the price action at first glance it looks like a correction and should beContinue reading “EUR USD, A TREND REVERSAL OR A CORRECTION IN BULL RUN?”
NEXT TRADING STRATEGY IN USD JPY
USD JPY is trading sideways since 1st July after touching high near 108.00 , no meaningful downside is witnessed since then. It is right that forex market is passing through a record low volatility phase now a days, so little opportunities arising these days. USD JPY is trading in a small range of 106.00 toContinue reading “NEXT TRADING STRATEGY IN USD JPY”
USD JPY NEXT TRADE SETUP.
Usd jpy gained strength recently due to jpy’s weakness it was not due to Usd’s strength. After passing so much time in a range bound atmosphere, the pair now started to show signs of overstretched strength, it doesn’t really mean that the further strength is totally ruled out but the strength should be taken asContinue reading “USD JPY NEXT TRADE SETUP.”
HOW TO TRADE GBP USD NOW?
After making a low around 1.20800 Gbp usd is now trading around 1.26000. Big question is that if the pair near it’s Top now or the strength will continue further? The answer according to us is that it is always hard to say if the Top or bottom in any pair is in. But ifContinue reading “HOW TO TRADE GBP USD NOW?”
Forex Trading Analysis 