Blog Archive

EURUSD might break 1.2000

EURUSD the most traded currency pairs in the world. This pair represents the world two largest economies and has faced most volatility since the establishment of the euro in 1999. EURUSD ended the week trading at 1.1838. EURUSD has able to close the weekend above the psychological mark of 1.1800. If we look at both …

XAUUSD(Gold) big selling opportunity!!

Gold is currently trading at 1696 at UK session. Our analyst is finding a good setup to short this pair. As we have seen last Friday Gold was heavily sell off from 1720 to 1675. NFP data was more than good from the actual forecast. If we look at the daily chart, Gold is now …

AUDUSD another short opportunity!!

AUDUSD is currently trading at 0.64530 in the UK session. We have found a strong set up to short this pair. As we all know US-China trade war issues making the market more volatile. It will affect on AUD and NZD related pairs. Let’s move on to the 4-hour chart of AUDUSD. We can see …

EURGBP Breakout at Daily Chart

EURGBP is currently trading at 0.88300 ahead of the UK GDP. If we look at the daily chart we have found a strong setup for long on EURGBP. This pair was consolidating from the last few weeks and finally able to break out on the daily chart. We can see a strong support zone was …

Risk management and how to calculate risk on Forex?

Risk Management is the most important in Forex but mostly ignored and misunderstood by traders. A beautiful trading system cannot imagine without proper risk management. Your first job as a trader is to manage risk. Larry Benedict: “You are not a trader; you are a risk manager.” The world economy is very much uncertain, we …

EURUSD might reach to 1.11500!!

EURUSD is currently trading at 1.08300 and we have noticed that time now to go long on this pair. Also technically this pair suggesting it might reach to 1.11500 level. Also NFP on the focus which is scheduled to publish today at the start of the NY session. We all know how much damage has …

Gold (XAUUSD) could reach to 1800!!

Gold could reach to 1800 level if this pair can break the resistance zone at 1738. A daily close above 1738 will certainly open the door to challenge the 1800 level. As we have written in our last article that Gold needs price correction to move further and it’s done exactly what you point out …

AUDUSD!! Excellent opportunity to short

AUDUSD has finished the week trading at 0.64160. This pair has recently bounced back from the recent low 0.55000 to 0.65600. It was a massive sell-off for the coronavirus COVID-19 pandemic. Trump has recently announced that tariff is another option to think about to take action against China for spreading the virus. This news might …

GBPUSD!! Double Top at Daily Chart

GBPUSD has finished the week trading at 1.24870 which is below the psychological support at 1.25000. We have found a very interesting set-up on GBPUSD on the daily chart. This pair has created a double top on the daily chart and clearly bearish now. In the last week, pair has retested the recent high at …

USDCAD!! Double bottom at Daily Chart

USDCAD currently trading at 1.40200 in London session. Our analysts are finding a long opportunity on USDCAD after having look at both daily and h4 timeframe. As we already know Trump has announced to put more tariffs on China to revenge the COVID-19 effect and also to withdraw the military source from Saudis. He is …