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FOREX ANALYSIS

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Tayal Smith
373
Tayal Smith 2015.12.16 05:22 

USD/CAD

The primary trend of USD/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 1.3780 and Support level of 1.3670

If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-

RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: USD/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

Files:
usdcad.png 23 kb
Tayal Smith
373
Tayal Smith 2015.12.17 05:37  

GBP/AUD

The secondary trend of GBP/AUD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. Resistance level of 2.1050 and Support level of 2.0665

If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: GBP/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

Files:
gbpaud.png 23 kb
Diana Jackson
403
Diana Jackson 2015.12.17 19:16  

USD/CAD is headed for 1.4000 and it may not even stop there.

Tayal Smith
373
Tayal Smith 2015.12.21 05:35  

GBP/USD

The primary trend of GBP/USD is bearish on charts and price is trading in a channel in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 1.5240 and Support level of 1.4850

If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

Files:
gbpusd.png 25 kb
Montelo
8
Montelo 2015.12.24 02:14  

How may I know about Forex? Is there any ways to know more?

Tayal Smith
373
Tayal Smith 2015.12.24 05:27  

USDJPY

The primary trend of USD/JPY is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating uptrend of the pair.

Resistance level of 123.75 and Support level of 120.15

If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Skype tayal.smith1

Files:
usdjpy.png 24 kb
Tayal Smith
373
Tayal Smith 2015.12.24 05:30  
Montelo:
How may I know about Forex? Is there any ways to know more?

Firstly you have to more basics about the major currencies of the world. What factors affect the movement of these currencies?

Start with a Demo account to get a hold of the forex market.

Diana Jackson
403
Diana Jackson 2015.12.24 09:01  

There is plenty of free information and tutorials out there, anyone interested in Forex can learn.

Montelo
8
Montelo 2015.12.27 09:41  
tayalsmith:

Firstly you have to more basics about the major currencies of the world. What factors affect the movement of these currencies?

Start with a Demo account to get a hold of the forex market.

Great idea. I was thought that like you.

Montelo
8
Montelo 2015.12.27 09:41  
dianajs:
There is plenty of free information and tutorials out there, anyone interested in Forex can learn.

Youtube may help me in this case for tutorials?

Diana Jackson
403
Diana Jackson 2015.12.29 14:42  

There's definitely youtube, but also you can just google and you'll also find plenty of information, as well as information about literature you can read to educate yourself about the market and trading in general.

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