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: 81.00 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 81.00 with first target at 80.25 and second target at 80.00 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: 2333.00 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 2333.00 with first target at 2316.00 and second target at 2306.00 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: 1.3690 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 1.3690 with first target at 1.3670 and second target at 1.3655 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: 0.6655 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 0.6655 with first target at 0.6625 and second target at 0.6610 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: 0.8915 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 0.8915 with first target at 0.8950 and second target at 0.8965 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: 159.40 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 159.40 with first target at 160.00 and second target at 160.40 in extension as take profits.

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