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Wondering what forex trading is all about? If your answer is YES, then read this article carefully. This article discusses the different aspects of forex trading. FX or forex stands for foreign exchange market, which is considered as the biggest financial market in the whole world. The trade volume of .
long positions at 0.8310 with 0.8370 and 0.8410 as next targets
the breakout of 0.8300 will call for arebound towards 0.8250
as per the h1 time frame the price is rejected form the 0.8375 but it is also having more storng resistance at 0.8407. the price first will reach to the resistance 0.8407 then it will move to downside because stoch and cci indiactor will become overbought. the price will falling and reach to 0.8345
nzd/cad analysis by using : moving average
date : 01.31.2013
time frame : 15 min
ema5 :0.8384 signal-buy
ema10:0.8382 signal-buy
ema20:0.8379 signal-buy
time :06:00 GMT
Spoiler:
The position of the current price is above the 50 EMA on the daily chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:0.8460
though the MADC we can be able to know what to expect with the forex market but all the same i know that i will be having some in the trading sector when i say i can trade well in the market.
stoch and cci is overbought area. but in the chart it will try to moving the resistance range at 0.8438. first price will try to hit this level then may be we can see down trend. we must wait to short signal from stoch and chart also. short at 0.8438