This article contains examples that involve fundamental analysis that may help a trader know the right time to buy or sell currency pairs.
EURUSD has become volatile and corrective, but still holding the price below 1.2000 to 1.1990 area. EURUSD sustains below 1.2000 level.
AUDUSD bulls have regained momentum and broke above 0.7670 to 0.7700 resistance level. AUDUSD surged over 0.7700 event area.
NZDUSD is retracing upward towards 0.7100 to 0.7120 area after an impulsive bearish pressure. NZDUSD climbed above 0.7080 area.
USDJPY bulls have regained momentum after bouncing from 109.00 to 109.30 event area. USDJPY bounced higher from 109.00 support level.
The Tokyo trading session can also be refered to it as the Asian trading session since other Asian countries are also involved.
Besides knowing what forex trading is, the traders, and its essence, let us now hop on to forex trading sessions.
Today, we will learn about the most basic terms used in Forex trading that may offer a little help and insight especially for new traders.
NZDUSD is retracing upward towards the dynamic level after an impulsive bearish momentum. NZDUSD bears active below 0.7100 event level.
USDJPY bears have regained momentum after hitting March 2020's key resistance level. USDJPY found resistance around 110.50 area.