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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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 CRUDE OIL (WTI)

Daily Pivot Point of CRUDE OIL (WTI) Chart in 30M Time Frame is: 71.05 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 71.05 with first target at 70.10 and second target at 69.80 in extension as take profits.

Technical Analysis

Forex Market Daily Technical Analysis of GOLD (XAU)

Daily Pivot Point of GOLD (XAU) Chart in 30M Time Frame is: 2901.00 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 2901.00 with first target at 2929.00 and second target at 2940.00 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: 1.4310 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 1.4310 with first target at 1.4270 and second target at 1.4250 in extension as take profits.

Technical Analysis

Forex Market Daily Technical Analysis of AUD/USD

Daily Pivot Point of AUD/USD Chart in 30M Time Frame is: 0.6285 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 0.6285 with first target at 0.6260 and second target at 0.6240 in extension as take profits.

Technical Analysis

Forex Market Daily Technical Analysis of USD/CHF

Daily Pivot Point of USD/CHF Chart in 30M Time Frame is: 0.9105 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 0.9105 with first target at 0.9055 and second target at 0.9040 in extension as take profits.

Technical Analysis

Forex Market Daily Technical Analysis of USD/JPY

Daily Pivot Point of USD/JPY Chart in 30M Time Frame is: 153.85 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 153.85 with first target at 154.80 and second target at 155.35 in extension as take profits.

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