Tradingwithtamil

Tradingwithtamil

Hello traders, The 145.90 confined the Pair GBPJPY uptrend the pair has to surpass two trend lines, 146.50 & 148.00, the 148.50 may get highlighted in order to Justify to its strength. On a daily basis, if the pair managed rally beyond the 148.50 means, the 149.30 and the 150.00 round numbers may get highlighted in the Bull's arena and the 150.60, the 151.30 and...

Tradingwithtamil

Hi traders, In malice of conquering the 32-month-old ascending trendline resistance, in the weekly time-scale, the EURNZD closes just above the 1.76987 in progression to extend its north run the pair has to cross the Check posts 1.7900 and the 1.8000. If the pair crisscrossed these zones, it opens the door for its next halt around the 1.8130 and the 1.8300...

Tradingwithtamil

Hello traders, The pair EURUSD traded lower it got to change the trend away by the pound and its Brexit optimism. But technically the battle lines are very transparent to see. The technical confluence shows the price range could trade between the stable resistance-support channel trend. (shown in the graph) On the upside, the 1.17380 will be the resistance to...

Tradingwithtamil

Hello traders, The AUDCAD yet to take the immediate recovery turn but before the turn, the pair would apt to re-visit the zones 0.9400 and the 0.9360 supports. However, the pair downside movement may restrict the price range around 0.9240 for the further move the 0.9200 will be the rest point for the downfall. On the upside, a turn from before or after the...

Tradingwithtamil

Hello traders, The price range taking a U-turn from the resistance-line and yet to break out the Raising Wedge, the EURCAD can't be considered weak unless declining beneath the 1.5165 support-line. As a result, chances of the pair's pullback to 1.5290 and consequent advances to 1.5320-25 horizontal-line can't be denied. Should the pair crosses the 1.5325...

Tradingwithtamil

CADJPY could bounce from the current trend and may lead the signals in the uptrend. In a min.time-scale the chance for a pullback is very open. The pass-through near 84.80 will be the clear sign of confirmation for the pullback. On a daily closing basis, the pair could easily fetch the mark 86.00 and the 86.50-55 resistance-line. Should prices rally beyond...

Tradingwithtamil

EDUCATION: What are the Fundamental Factors that could affect the Price Movement? There are large numbers of Factors that mostly affect the movement of the currency pairs, but the key factors are: 1. GDP growth. 2. Inflation and deflation 3. Monetary policy decision 4. Consumer price and producer price (i.e) Ask price and Bid price. GDP Growth: The GDP (...

Tradingwithtamil

Hello traders, The pair AUDNZD marking its price range in the uptrend with a pullback reversal from 1.08527. The pair might target the 1.11175 horizontal resistance to do the justification for the pullback formation. The pair could heighten quotes towards 1.1060 resistance-mark to confirm the hazel-free uptrend. On a daily basis, if the pair managed the...

Tradingwithtamil

Hello traders, The GBPAUD may find it hard to extend the latest recovery unless breaking the 1.7955-65 horizontal-region on a daily closing basis. As a result, there's a chance for pair's pullback to the 1.7900 the 1.7850 can be expected. In case the quote continues declining past-1.7800, the 1.7700-1.7690 and an upward slanting trend-line, at 1.7535. If at all...

Tradingwithtamil Updated 

Hello fellows, With the proof of wedge breakout, the pair EURAUD printing the price range @1.58656. An impulse from the 1.52760 reversed the price range and brought the price range to the bull area. The descending wedge breakout gives a stable rise for the price range the quotes may fetch the 1.61421. On the count of reversal, the price range may form a...

Tradingwithtamil

Hello traders, The currency exchange rate is one of the most important factors to determine the countries economic health . Exchange rates play a vital role in a country economic status. That's why exchange rates are mostly watched, analyzed and governmentally manipulated economic measures. 1. Differentials in Inflammation A country with a consistent...

Tradingwithtamil

Hi traders, The pair GBPUSD has its full potential towards the uptrend. The price range yet to break out the important resistance, in the 4hr time frame, after the breakout, the price range could fetch the mark 1.29400 that would be the possible next stop. Once the ascending trend broke out, the price could easily surpass the zones like 1.29700, 1.30000 and the...

Tradingwithtamil

Hello traders, The EURUSD pair breaking the two-month-old descending trend and opens the door for the zig-zag run, as per now the market printing the signals @ 1.16775 on downward with a chance for a recovery. The pair familiarity may change the game. However, if the pair continues to develop in the downward, the 1.16318 would be the next halt for the price...

Tradingwithtamil Updated 

Hi traders, With the evidence of throwback from 1.13010, as for now the market printing the price range around 1.15543. Again, for one more time market may execute a throwback setup from the current price range. An Impulse from 1.13955 adding an extra boost for the throwback setup. A proper throwback execution can fetch the quote 1.17422 (i.e) previous...

Tradingwithtamil

Hello traders, Fundamental analysis is another type of market analysis technique . In that, the forex market is analyzing by its economic, social, and political forces that may affect the supply and demand of an asset. Using supply and demand as an indicator of where the price range could be headed is a simple possess meanwhile it's hard to predict the...

Tradingwithtamil

Hi traders, EURCHF's trying to break the descending trend with an impulse it may claim the 1.14950 but it further upside clearing the path for an uptrend 1.15300. On the daily closing, if the market broke the above-mentioned numbers, the 1.16000 and the 1.16500 can be the free pass zone for buyers it may hit the resistance mark 1.17100. Alternatively, the...

Tradingwithtamil

Hi traders, An immediate descending trend line activating the EURJPY pullback setup, currently, the market printing the signals @ 129.125. The 128.50 and 128.00 are the rest points for the market attention. On a daily basis, pair's drop to the 127.10 and then to the 126.35 can't be denied. Moreover, quote's sustained downturn beneath the 126.35 might not...

Tradingwithtamil

Hi traders, XAUUSD another bounce off from the internal deviated zone . In a day time frame, the pair XAUUSD emitting a throwback setup, from the 1354.14 the market lowered the price range uniformly . An Impulse from 1303.06 diverted the price range to the low, that setup formed an internal trend and pulled the price range to max.low of this year. The ...