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Congratulations to all, who are regular readers of this blog. Hope you enjoying good profits. Forex major pairs reacted mostly according to our predictions. Now the question is whether to book profits here or keep your positions on? Eur usd was predicted to trade with a bullish bias the pair is currently trading around 1.10550,<a […]

In previous post we highlighted that Eur Usd is stabilized and near term bottom is in place. Eur usd :— Eur Usd is holding ground this week. Weakness in euro was so much stretched and the bounce was inevitable. Euro made a high of 1.08620 on Friday. That means the near term bottom is in place, any weakness from<a […]

U.S. DOLLAR started to loose it’s grip last week. Things should turn in our favor later or sooner. Eur usd stabilized and the downward momentum is vanished. The pair is now expected to trade in a broader range of 1.07000 to 1.10000 for some time. Gbp usd outlook also turned positive. Usd jpy backed off<a […]

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. The<a [&h

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 the<a […]

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 to<a […]

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.

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 profits<a […]

Topside trend line is close resistance. 100 hour MA is close support The USDCAD is in a down and up day. The price just peeked near the high from the 1st hour of trading. That level also tested a topside trend line at 1.4522. The high just reached 1.4530 and backed off. Sellers could not […]

Major indices up about 5% to 6% Hopes for a fiscal stimulus package. Hopes that the Fed and&nbsp;central bank action will stop a sharp fall in&nbsp;economic activity. Hopes that the virus curve flattens are all helping the tone today.&nbsp;&nbsp;