Browsing Category

November

Daily Technical Forex Report 09.11.2018

EUR/USD showed a sharp fall on the large volume yesterday, but remained trading within the local range 1.1304 – 1.1490. However, the pair is located near the lower limit of this consolidation now, so we can consider a scenario of its breakdown, which will be a good bearish signal. Read More

Daily Technical Forex Report 05.11.2018

EUR/USD tested the resistance level 1.1430, but could not break it and fell down sharply. The move was supported by the large volume, so now we can’t consider long positions. Furthermore, the price is currently trading in the local range between this mark and the previous level of support 1.1304. Read More

Daily Technical Forex Report 02.11.2018

EUR/USD continued growing yesterday and is currently trading a little bit below the resistance level 1.1430. Given that the upward movement was sharp and supported by the large volume, we can consider a scenario of its breakout, which will allow us to open long positions. Read More

Daily Technical Forex Report 01.11.2018

After the formation of the new volume level of support 1.1304, EUR/USD corrected upwards. The growth was smooth and the pair is located near the new support, so we can’t consider long positions at the moment. Moreover, considering the strong local downtrend, we still should give preference to short positions. Read More

Legal: RForex Ltd abide all rules & regulations of international business company, under the company act of Saint vicent & Grenadines. Company provides trading services activities and brokerage, training, managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.

Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Trading such products is risky and you may lose all of your investment. Please read the full Risk Disclosure.