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 EUR/JPY

Daily Pivot Point of EUR/JPY Chart in 30M Time Frame is: 183.47 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 183.47 with first target at 184.25 and second target at 184.42 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: 0.8537 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 0.8537 with first target at 0.8557 and second target at 0.8562 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: 214.72 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 214.72 with first target at 215.71 and second target at 215.98 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: 0.5884 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 0.5884 with first target at 0.5848 and second target at 0.5839 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: 183.47 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 183.47 with first target at 184.25 and second target at 184.42 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: 0.8537 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 0.8537 with first target at 0.8557 and second target at 0.8562 in extension as take profits.

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