Overview: GBP/JPY trades near 140.70 at press time, having clocked a high of 140.95 early Monday. The daily chart shows 141.00 is the level to beat for the bulls. The
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.
AUD:USD The pair trades below 9-14 EMA below trading channel.AUD:USD The pair trades below 9-14 EMA below trading channel.
AUD/USD sold-off into higher Treasury yields-driven US dollar strength. The 1H chart suggests more losses amid trendline breakdown, bearish crossover. General Overview: AUD/USD started its bearish movement towards the downfall
EUR/AUD: EUR/AUD tumbles below key support of 1.5999EUR/AUD: EUR/AUD tumbles below key support of 1.5999
General overview: EUR/AUD traded south yesterday, falling below the 1.5926 key support (now turned into resistance) barrier, which is marked by the lows of January. Overall, the pair continues to
EUR/USD: The pair is still moving up with full of potential, what next.EUR/USD: The pair is still moving up with full of potential, what next.
Overview: Despite the euro’s initial gain to 1.2250 in European morning on Monday, subsequent strong retreat to 1.2192 ahead of New York open suggests further volatile swings below the peak
USD/JPY: The Direct pullback from 103.60 towards the intraday low.USD/JPY: The Direct pullback from 103.60 towards the intraday low.
Overview: The pair drops to the day intraday low of 103.45, as the market in Tokyo opens for Monday trading. The pair recently declined after Japan’s industrial production data pleased
GBP/CAD: Bulls are driving the car & heading to north side.GBP/CAD: Bulls are driving the car & heading to north side.
Overview: The broad-based USD strength helped GBP/CAD push higher earlier in the week. The lack of progress in the UK-EU trade negotiations and renewed coronavirus fears helped the greenback find demand
EUR/NZD: Bulls are back on watchlist for fresh buy, what next.EUR/NZD: Bulls are back on watchlist for fresh buy, what next.
General Overview: EUR/NZD bulls back are again back on the track and trying to gain another attempt to catch breakout level. The bulls are again taking advantage to travel upside
XAG/USD: Will bulls prevail over the bears after a roller coaster ride.XAG/USD: Will bulls prevail over the bears after a roller coaster ride.
Overview : Spot silver prices have seen significant volatility already on Monday, swinging to highs just under $27.50 and lows just below $25.00. Markets have been roiled by the latest
EURUSD: The pair sets the new 2020 highs, just buy on dipsEURUSD: The pair sets the new 2020 highs, just buy on dips
GENERAL VIEW: The pair sets the new highs this time as the market is forming a bullish uptrend in the market. We can see US stimulus package over the weekend
GBP/USD: The pair is showing upwards rise in market and bulls are in party mood.GBP/USD: The pair is showing upwards rise in market and bulls are in party mood.
General reason: The pair is witnessing a broad-based bounce and pushing GBP/USD towards the upside. At press time, the currency pair is trading just above its 50-hour Simple Moving Average