Support aur Resistance base par trading

[shahbaz165]

�We view this dollar move higher as broadly a corrective move and now the question is how much the dollar can recover before the data,� said Viraj Patel, an FX strategist at ING in London

[Tariq Hameed]

I Am Agree with you that points tells us about market high and down level so this our luck and fate and wisenees to take that points

[Zaigham Abbas]

As the European Central Bank works on the details of its stimulus withdrawal plan, the euro rally has taken a pause. Data releases next week should provide some support for the euro but are not seen to drive the single currency to fresh highs, especially amid a stronger dollar and pound. First on the calendar is Monday�s final inflation readings for the block.

[sufiyan22]

bhia dekho sab logo ko apni apni trading stretigy hoti hn jese ke kuch log high high se trade leltwey hn kuch log support and resistance se trade letey hn kuc pin bar doji etc etc se letey hn unt basically support and resistance jo jn vo tp and sl ke lie use hota hn

[zahid2016]

Support and resistance main point hain or hamain in points pe focus karte hue trading karni chaye q ke ye points break karne ke bad market aik tarf jati hai is se humain pata chalta hai market ka or humain in points ko sahi tara se mind main rakhna chaye.

[shahbaz165]

Others say that�s the point: the rules will curtail the kind of reckless trading that culminated in the global financial crisis in 2008 by ensuring some these large players meet daily requirements to track swings in foreign exchange.

[Aliakbar2016]

han g bilkul traing ka sab daromadar in dono pa hi hota ha ka kabhi market oper and kabhi market nechy hotey ha is liye market ka ek level support and ek level resistence hota ha jo ka lazmi hota ha is ko yhi kaha jta ha

[shahbaz165]

The momentum has also moved away from the 100 week MA and above the swing highs post-Brexit. Looking at the weekly chart above, the 100 week moving average comes in at 1.3398 (blue line). The swing highs off post Brexit came in from 1.3443 to 1.3532.

---------- Post added at 04:47 PM ---------- Previous post was at 04:43 PM ----------

All of those levels have been breached. The last of which was the swing high from June 29th at 1.3532. That level is now a key support level on dips. Traders will want to see that level hold on a dip.

---------- Post added at 04:53 PM ---------- Previous post was at 04:47 PM ----------

Above, there is a trend line connecting the highs from July 2014 and the pre-Brexit high in June 2016. That line cuts across at 1.3634 currently. A mvoe above that line and the pair will be targeting the 61.8% at 1.3728.

---------- Post added at 04:59 PM ---------- Previous post was at 04:53 PM ----------

Drilling all the way down to the 5-minute chart, the breaks above the 200 week MA and the swing levels post Brexit at 1.3443, 1.3477 and 1.3552 can be eyed. The market stalled around the 1.3443 and 1.3552 before continuing the trend back higher.

[Ameur Damak]

The support and resistance trading system is mainly based on support/resistance trading. Trade only on the direction of the trend. This system is applicable to any currency pairs with a 1-hour timeframe.

[arslan ali]

Gold�s value in the total reserves was about $20.7 billion, while the Special Drawing Rights of the International Monetary Fund stood at $1.5 billion. The Reserve position in the IMF (quota allotted to India minus IMF�s holding of rupee) was $2.3 billion.