AppId is over the quota
AppId is over the quota

Daily Market Comment

1.4830. It should be subject to more sell off towards 1.4802 or 1.4774. Corrective upward swings should face resistance around 1.4851 area. A break of 1.48615 is bullish. 1.0894. Current upmove should continue up to 1.0932 or 1.097. Any correction should find support in 1.0892 - 1.0873 zone. 108.06. Current upmove should continue up to 1.0932 or 1.097. Any correction should find support in 1.0892 - 1.0873 zone. 1.9672. Current upmove should be over between1.9687 and 1.9663. A correction down to 1.9578 is anticipated. A break of 1.9710 is bullish. 1.6155. Current rise seems to be over near 1.6166 or 1.6189 for a retracement towards 1.6143 - 1.6127 area. 160.27. Current rise seems to be over near 160.34 or 160.81 for a retracement towards 159.87 - 159.60 area. 0.7538. One more dip to 0.7523 or 0.7508 is likely followed by a grind higher to above 0.7547 or 0.7570. After which it can resume its downtrend. 0.9270. Currently uptrend should end around 0.9298 - 0.9290 area. A correction down to below 0.9233 is expected. A rise above 0.9310 will abort the expected correction. 0.9962. Market should meet resistance at 1.0013. We expect then an extended move down to 0.9909 -0.9808 area.

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AppId is over the quota
AppId is over the quota

Daily Market Comment

1.4831. One move lower to 1.4792 or 1.4752 is anticipated while below 1.4847 - 1.4867 area. Stop loss above 1.4902 zone. 1.0849. It may meet resistance in 1.0849 - 1.0868 zone for a drift down to 1.0793 zone, after which bounce to 1.0884 is anticipated. 107.21. Market should hold major support at 106.36 before rising towards 107.61 or even 108.01 limit. 1.9671. One move lower to 1.9618 or 1.9564 is anticipated while below 1.9690 - 1.9717 area. Stop loss above 1.9762 zone. 1.6091. It should register further gains to 1.6151 while 1.6049 caps downside attempts. Stop loss below 1.6006 zone. 159.01. Market should hold major support at 158.32 before rising towards 159.47 or even 159.94 limit. 0.7540. It should test higher than 0.7554. Entry point are at 0.7532 and 0.7524. A break of 0.7509 is bearish. 0.9234. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9254 or 0.9298 if support around 0.9219 hold. After which a pullback to 0.9219 - 0.9203 zone is possible. 1.0122. It looks set for gains to above 1.0169. Supports at 1.0098 and 1.0121. A break of 1.0074 will damage this bullish structure.

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AppId is over the quota
AppId is over the quota

Daily Market Comment

1.4715. It should trade higher to above 1.4759 while 1.4687 offer support. Minor support at 1.4665. Stop Loss below 1.4570 zone. 1.0996. Market looks set for gains towards 1.1036 or above in extension. Dips should find support at 1.0986 - 1.0966 zone. 108.12. It looks set for gains to above 108.50. Supports at 107.80 and 107.99. A break of 107.60 will damage this bullish structure. 1.9418. Current fall is near an end of wave around 1.9331 - 1.9389 zone, a rally should then procede to above 1.9461 or 1.9493. Fall below 1.9287 would cancel this scenario. 1.6180. Market looks set for gains towards 1.6211 or above in extension. Dips should find support at 1.6152 - 1.6136 zone. 159.09. Corrective dips should ideally halt near 158.69 or 158.4 for one more thrust upwards towards 159.18 - 159.68 area or 160.26 in extention. Fall below 158.11 puts it back on a downward path. 0.9183. It should be subject to more sell off towards 0.9126 or 0.9069. Corrective upward swings should face resistance around 0.9225 area. A break of 0.9248 is bullish. 1.0129. There are initial signs of a good corrective recovery towards 1.0164 or even 1.0183. Supports at 1.0118 and 1.0090 zone.

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AppId is over the quota
AppId is over the quota

These days a Foreign exchange market or is commonly known as a forex market trading has been growing so fast that it becomes the leader of financial market in the world. To the traders, Forex market is something familiar in which they know how all the systems in it work. But, to most people, they don’t have a very deep understanding of what is the Forex market? So, this article will try to explore and show you the basic important things about forex market trading.

The activity of foreign exchange to pay for a business has been commonly done. If you are travelling abroad, you will of course need to exchange your money with the currency of the country you are going to. Or a traveler’s check can be another solution when you need to pay for a transaction abroad. When you are doing all these, you already engaged in foreign exchange, but it is NOT the kinds of activity happened in the Forex market. In the Forex market, the traders are trading foreign exchange in which the main purpose is 100% to make a profit from certain currency being traded for another currency.

Forex market trading is done all over the world 24 hours a day and 5 days a week by dealers at major banks or forex brokerage companies. Before the development of online trading, the market is dominated by banks, major currency dealers and large speculators. But now, thanks to the internet, small traders are also able to take part in the Forex market. The larger sized inter-bank units are broken down into small units by Foreign exchange market brokers so that it is affordable for individual traders to buy or sell the units. This way, the brokers give the opportunity for any traders to take position in the market at the same rates and price movements as the big players who once dominated the market. The traders can also have an overnight position without waiting for the opening market because the market itself runs 24 hours a day. Trading in Forex market moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S., so that the currency trading is not centered on an exchange. This is where the difference from the futures and stock markets lied down.

Unlike the stock market, the price movements on the forex market trading are relatively very smooth. It is because the market is 24 hours-open non stop in which the trade can be continuously executed so that there is no gaps occurred. Even on September 11, 2001, the forex market was still open. The danger in which an investor is not able to enter and exit positions whenever they want is eliminated because the Forex market’s daily turnover reaches a fantastic number around $1.2 trillion.

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