USDJPY Technical Analysis on 31st January (updated) - forex trading courses in kenya

USDJPY Technical Analysis on 31st January (updated) ~ forex trading courses in kenya

The Pair is Bearish Now and May Touch 90.50 line

After a big bullish run , USDJPY feeling Strong Resistance @ 91.40 level. Yesterday (30.01.2013) , the pair try to cross the level many times . After GDP data, it certainly falls to 90.80 line but again recover and reach 91.26 level. But from the Thursday morning trades , strong bearish pattern build up on USDJPY counter. The price may reach fibo 76.4 that mean it will touch 90.75 level very soon.

 If Price able to rebound from this FIBO , it may turn to positive again . But if it failure to rebound , it will go towards fibo 100 and may cross 90.50 line .

Trading Strategy :-
SELL USDJPY 91.26 TARGET 90.80, 90.50 , 90.25 SL 91.40

Alternative Scenario:-
BUY USDJPY 91.45 TARGET 91.60 , 91.85 SL 91.25

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USDJPY Technical Analysis Trend on 29th January (updated) - forex trading courses lebanon

USDJPY Technical Analysis Trend on 29th January (updated) ~ forex trading courses lebanon

Important Trading Point 91.00

Possible Chance to Go South & May reach 90.10

After a long Run and bullish bias trading , USDJPY now facing some weakness and losing its momentum. The pair now trading in correction mood . From Monday trading its continue going towards south. The pair already build  bearish candlestick formation . At the point main Pivot point is 91.00 .

Trading Tips:-
Sell USDJPY @ 90.85 TARGET 90.50, 90.20 , 89.90 SL 91.15

Alternative Scenario:- 
BUY above 91.15 TARGET 91.30 , 91.50

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What Are The Major Economic Indicators that Moves Currency Market Fundamental Analysis - forex trading courses in london

What Are The Major Economic Indicators that Moves Currency Market Fundamental Analysis ~ forex trading courses in london

Most Powerful Economic Figures for Forex Trading

Major Speeches for Currency Market

Forex Market Movements Depends on many factors. It is very much  dynamically changing and volatile market at a time. So that , investors should learn all Basics about forex market before entering in this very risky business. Economic Releases and Speeches of few Important Persons deeply affects forex . Here we discuss about some fundamental Economic Indicators which primarily influence currency trading.

Every Nation or Economic Zone or Regional Economic group release their economic data and conditions time to time.  Some economic News are fundamentally brings major change in the price action and some not affects currency movements in any sense. So traders should have to get specific knowledge about those indicator and speeches which are important for their trading needs.

Important Speeches for Currency Market :-
Speeches from Federal Reserve Bank Chairman (USA) , FED Chairman , Secretary of the Treasury (USA), Speech from BOE etc these all are very much important Speeches in Forex.

Major Economic News & its Impact:-
( Here we only showing High impact indicators )

1. Consumer Confidence Index:
a. USA ( For US $ ):- 
( Retail Sales, Retails Sales Ex Autos, Personal Spending, ) 
High reading mean bullish USD and low reading mean Bearish USD
b. JAPAN ( For Yen Trading ):-
A result above 50 is bullish for YEN and below 50 is bearish for Yen.

2. Interest Rates:-
Interest rates also a fundamental factors for currency movements. Usually , if a nation hike interest rates its currency also get strength . Mean Bullish pattern for that particular currency .

3. Employment :-
a. USA ( FOR USD ):-
( Non Firm Employment Rate, Personal Income , Avarage Hourly Earnings, Avarage Weekly Earnings)
High reading mean bullish USD and low reading mean Bearish USD
b. USA ( For USD ):-
Unemployment Rate ( Jobless Rate ):-
Decrese in Unemployment rates mean bullish USD and Increase of Unemployment mean Bearish USD.
c. FOMC Meeting :-
If it shows hawkish outlook , it will turns bullish for currency otherwise it turns to negative.
c. United Kingdom( for GBP ):-
comments from UK can make short term bullish or bearish pattern . If it shows hawkish outlook , it will turns bullish for currency otherwise it turns to negative.

4. Inflation:-
a.USA ( For USD )
( Consumer Price Index-CPI , Personal Consumption Expenditure, Gross Domestic Purchase Index, CPI for food & Energ )
High reading mean bullish USD and low reading mean Bearish USD
b. UK ( for GBP )
( Retail Price Index, BOE Inflation Later, Core Consumer Price Index , PPI )
High reading mean bullish GBP and low reading mean Bearish GBP

5. Gross Domestic Product ( GDP ):
High GDP rates is good for currency and low GDP mean bad for currency.

( Traders should follow economic Calender to get better results. Economic Calender contains , previous results , forecast and actual results . If actual results better than forecast , it always good and bullish for currency market other wise it turns to bearish . So regularly follow economic calender, which is  hanging in our blog , to get good Profits always. Have a Good Day ! )

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