Sep 19 , 2018
If you don’t think psychology plays important role to your trading, you are missing the success. Every day, we involve in many activities we do not have control over which includes breathing, standing, sleeping, walking etc. Day trading does not only refer to purchasing live forex signals from a company, finding a strategy to follow, involving into hedging etc. Smart traders always have eminence that make them distinctive than other traders and help them pick more profits.
Continue reading “Amazing Traits Smart Traders Have- Learn from Them!”
Sep 18 , 2018
Presently pair is trading and sustaining above the crossed moving average lines. The yesterday’s candle seems as bullish marabuzo candlestick which is generating bullish signal. By observing the daily technical chart we can see that earlier pair was falling down and was making successively lower lows and lower highs. It was trading and sustaining below the moving average lines. It has made a low of 1.2658 level, which is a 14 month’s fresh low but it could not sustain at that level and we have seen a steep recovery.
Continue reading “GBP/USD: Bulls are pulling the momentum towards north side”
Aug 24 , 2014
By looking at the daily chart we can see that only bulls are visible and bears seems as invisible. During the whole trading session bulls never given any chance to bears to settle. Bulls were dominating the bears and it abandon the formation of rounding top pattern. Bulls cleared all the major and minor EMA lines and a big bullish marabuzo candlestick is showing the performance of bulls.
Continue reading “EUR/AUD: Bulls are rocking ! Bears are shocking !!”
July 26 , 2018
By observing the daily technical chart we can see that earlier pair was making successively higher highs and higher lows by taking the demand booster from an uptrend line. But after arriving 1.3380 level the demand was limited and it tumbled down to 1.3030 level. Well in the recent selloff the mentioned uptrend line has also breached out which means bears are playing at their front foot.
Continue reading “USD/CAD:Bears are at front foot after cracking the downtrend line”
July 25 , 2018
By looking at the daily chart we can see that pair is trading in a downtrend channel which is generating bearish signal from long term to intermediate term point of view and it is making successively lower lows and lower highs. China plans to boost domestic consumption to stimulate economic growth.AUD/USD still stuck in familiar levels as uncertainty weighs more. From past couple of days bulls are leading in the pair and it seems like they are getting upside to retest the downtrend line.
Continue reading “AUD/USD: Pair may spring up to retest the downtrend line”