Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

Tuesday, March 11, 2014

FOREX TECHNICAL & NEWS ANALYSIS:TIME TO BUY AUD

Today we can surely have a long position on AUD/JPY. Technical position is favorable to go long on the pair. The upcoming events are expected to come better than previous releases.
Source: metatrader4.com
From the economic calender, it is clearly shown that the foretasted data is better than the previous data. This expectation will keep the pair bullish until the data are released.We can see the forecasts of key economic data during the week are better than the previous data.
Published @ 3:00 PM, Tuesday, March 11, 2014 (GMT)

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