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  1. Lumber Prices Go Ballistic as the U.S. Housing Market Booms The U.S. housing sector is closely watched by investors from all over the world. It has strategic importance both for the United States GDP (Gross Domestic Product) and for the world’s economies. People are too focused now on the COVID-19 pandemic to remember that the previous crisis, a financial one, started from the U.S. housing sector. In 2008-2009, the U.S. housing market bubble burst, a combination of derivative products used the wrong way, and so the market collapsed rapidly. The shockwave reached Europe and othe
  2. GBP/USD Eyes More Upsides, EUR/GBP Holding Key Support GBP/USD is showing positive signs above 1.3800 and 1.3780. EUR/GBP is showing bearish signs and it is testing a major support near 0.8640. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a decent increase from the 1.3720 support zone. There was a break above a key contracting triangle with resistance near 1.3780 on the hourly chart of GBP/USD. EUR/GBP failed to continue higher above 0.8720 and corrected lower. There was a break below a major contracting triangle with support near 0.8685 on the h
  3. Gold Price and Oil Price Could Continue To Rise Gold price started a fresh increase above the $1,740 resistance zone. Crude oil price is also rising and it is likely to continue higher above $63.50. Important Takeaways for Gold and Oil Gold price gained pace after it broke the $1,720 and $1,740 resistance levels against the US Dollar. There was a break above a key bearish trend line with resistance near $1,745 on the hourly chart of gold. Crude oil price climbed higher nicely and it settled above the $62.00 support zone. There is a major bullish trend line forming with s
  4. LTC and EOS – Resistance found LTC/USD The price of Litecoin has reached $282 at its highest point yesterday and after a minor retracement made it back to that area again today. Currently, it is being traded at $271.89 and is looking like it’s moving to the downside. On the hourly chart, we can see that the price of Litecoin was in an uptrend from the 25th of March when it was traded at $167. Measured to its highest point yesterday that was an increase of 68.8% but what more significant is that it made a higher high compared to the one on the 20th of February. This i
  5. EUR/USD Gains Traction, USD/JPY Is Extending Losses EUR/USD started a decent increase after forming a base above the 1.1850 level. USD/JPY is declining and it broke the 109.00 support zone. Important Takeaways for EUR/USD and USD/JPY The Euro is showing positive signs above the 1.1880 and 1.1900 levels. There was a break above a key declining channel with resistance near 1.1915 on the hourly chart of EUR/USD. USD/JPY started a fresh decline below the 109.20 and 109.00 support levels. There is a major bearish trend line forming with resistance near 109.50 on the hourly ch
  6. We need to do our trading with an International ECN Forex broker like FXOpen Global 🙂
  7. We need to do our trades with minimum amount of leverage settings.
  8. We will need to do our trading with a good trading plan.
  9. We need to understand that doing trades is not easy and will require a lot of efforts.
  10. If we want to make income from our trades then we must use a reliable trading based system.
  11. We will need to bring down the risks present in our trades.
  12. I choose to do my Forex trading with the FXOpen Global 🙂
  13. We must remember to use Money management while doing our trades.
  14. We should learn to do our trades with good trade execution speeds and also at proper timings.
  15. With the help of the DEMO trading accounts we can learn forex trading.
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