There are a number of important factors to be considered as you decide on the forex broker best suited to your expectations. Assuming that you’re a beginner, you do not possess a background in trading or similar...
The U.S dollar drifted sideways against a basket of currencies on Wednesday, hovering not far from the lowest level of the year, as investors continue to assess the real economy by looking at economic data in the...
As expected, AUDUSD breaks above 0.8263 previous high resistance. Further rally to 0.8500 is still possible in next several days. Near term support is now at 0.8050, as long as this level holds, we would expect the...
The U.S dollar remained weak against its major currencies in range-bound trade on Monday as U.S. equity markets remained in negative territory, indicating waning desire among investors for riskier assets. Also Monday, U.S. and Chinese officials began...
USDCAD breaks below 1.0784 previous low. Deeper decline is still possible to 1.0400-1.0500 area in next several days. Key resistance is now at 1.1113, only rise above this level will suggest that the fall from 1.1723 has...
The rally in global stock markets has led to a sell-off of the safe haven currencies and pushed investors to higher riskier assets as many see the global recession coming to an end. The encouraging global economic...
USDCAD is testing 1.0784 previous low support, a break below this level will signal deeper decline towards 1.0400-1.0500 area. Near term resistance is at 1.1150, only rise above this level will suggest that the fall from 1.1723...
USDCHF stayed in a trading range between 1.0590 and 1.1021 for several weeks. The pair might be forming a cycle bottom at 1.0622 level on daily chart. Key resistance is at 1.0820, a break above this level...
Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level, and the rise from 91.73 extends to as high as 95.29 level, suggesting that a cycle...
AUDUSD is testing 0.8263 previous high resistance. Breaking above this level would more likely be seen next week and further rally to 0.8500 zone to reach the next cycle top on daily chart is expected to follow....
