Category: Forex Broker

What is a Forex Broker?

Forex broker are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade.

Forex broker may also known be as a retail forex broker, or currency trading brokers. Most forex broker firms handle only a very small portion of the volume of the overall foreign exchange market. Retail currency traders use these brokers to gain access to the 24-hour currency market for purposes of speculation. Forex broker services are also provided for institutional clients by larger firms such as investment banks.

USD/CAD: Bears are testing the depth of the riverUSD/CAD: Bears are testing the depth of the river

Overview:– By analyzing the daily chart of the pair we can see that  pair is falling down with strong bearish momentum. Overall pair is making successively lower lows and lower

GBP/USD: Bulls are in clean sweep mood to the bearsGBP/USD: Bulls are in clean sweep mood to the bears

Overview:- By analyzing the daily technical chart we can see that  pair is heading north side and marked a high of 1.3252 which means it is rising up with a

Gold: Bulls are leading in the game and heading north side.Gold: Bulls are leading in the game and heading north side.

Overview:-  Gold price closed last week at $1510 which was a 8 week’s fresh high. Well after a strict narrow range we have seen a bullish breakout last week with

Crude Oil: Bulls are moving up but momentum is too slow.Crude Oil: Bulls are moving up but momentum is too slow.

Overview: – Well this is the last week of the year 2019 i.e. Christmas week where most of the traders and investors are on holiday mood due to which we

AUD/USD:Bulls are rocking and playing at front foot.AUD/USD:Bulls are rocking and playing at front foot.

AUD/USD:Bulls are rocking and playing at front foot. Overview:– The pair has become has more convincing to buy once again as we can see that a steep upside momentum followed

EUR/CHF: Pair is falling down with rounding top patternEUR/CHF: Pair is falling down with rounding top pattern

Overview:-By analyzing the daily technical chart we can see that pair is falling down and heading south side. Bears are taking the control on the pair and playing at the

NZD/USD: Pair is heading at 0.6750 making rounding bottom pattern.NZD/USD: Pair is heading at 0.6750 making rounding bottom pattern.

Overview:-   From past couple of days we are witnessing a slow motion movement in all the pairs due to christmas season.  However, by looking at the daily technical chart we

USD/CAD: bears are falling down with rounding top pattern.USD/CAD: bears are falling down with rounding top pattern.

Overview:– By analyzing the daily chart of the pair we can see that earlier  pair is falling down with strong bearish momentum. Yesterday also it marked a low of 1.3114

GBP/USD: Bulls are heading north side with double bottom price pattern.GBP/USD: Bulls are heading north side with double bottom price pattern.

Overview:- By analyzing the daily technical chart we can see that  pair is heading at 19 month’s fresh high which means it is ending up the year with a full

Copper:- Bulls are rocking and breaking all the heightsCopper:- Bulls are rocking and breaking all the heights

From the past couple of days we are witnessing strong buying in the copper where bulls are taking the charge and dominating the bears. Bulls took the pair from 2.600