FXBoomerang

What is Forex?

Forex is short for Foreign Exchange. If you’ve exchanged your local money for another country’s money in a forex bureau, then you participated in foreign currency exchange.
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  • 10:44 am
What is Forex?

Forex is short for Foreign Exchange. If you’ve exchanged your local money for another country’s money in a forex bureau, then you participated in foreign currency exchange.

What is Forex Trading?

All kinds of trade involve the exchange of something. A restaurant will exchange a plate of food for the $25. In the currency market, you exchange money of one country for another country’s money for a profit when the prices of these currencies change.
Forex trading is the act of buying or selling currencies. Banks, central banks, corporations, institutional investors and individual traders exchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit.

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Technical Analysis

Forex Market Daily Technical Analysis of GOLD (XAU)

Daily Pivot Point of GOLD (XAU) Chart in 30M Time Frame is: 4333 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 4333 with first target at 4230 and second target at 4203 in extension as take profits.
Technical Analysis

Forex Market Daily Technical Analysis of EUR/JPY

Daily Pivot Point of EUR/JPY Chart in 30M Time Frame is: 179.94 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 179.94 with first target at 180.87 and second target at 181.1 in extension as take profits.
Technical Analysis

Forex Market Daily Technical Analysis of EUR/GBP

Daily Pivot Point of EUR/GBP Chart in 30M Time Frame is: 0.8581 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 0.8581 with first target at 0.8603 and second target at 0.8609 in extension as take profits.
Technical Analysis

Forex Market Daily Technical Analysis of GBP/JPY

Daily Pivot Point of GBP/JPY Chart in 30M Time Frame is: 209.03 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 209.03 with first target at 210.53 and second target at 210.92 in extension as take profits.
Technical Analysis

Forex Market Daily Technical Analysis of NZD/USD

Daily Pivot Point of NZD/USD Chart in 30M Time Frame is: 0.5656 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 0.5656 with first target at 0.5695 and second target at 0.5704 in extension as take profits.
Technical Analysis

Forex Market Daily Technical Analysis of USD/CAD

Daily Pivot Point of USD/CAD Chart in 30M Time Frame is: 1.4059 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 1.4059 with first target at 1.4117 and second target at 1.4133 in extension as take profits.

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