FARDUN_RUMON

FARDUN_RUMON Updated 

THIS IS A TECHNICAL SETUP I try to post and update my trade ideas every week. Follow me, if you like my analysis. I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward...

FARDUN_RUMON Updated 

FROM 1.14689 EURUSD IS FALLING IN A CLEAR DOWNTREND. I AM WILLING TO PALCE A BUY ORDER IF AND ONLY IF EURUSD BREAKS THIS DOWNTREND. May we all gain some Pips. Happy trading... I also manage investor's funds and give forex signals. Feel free to contact me if you are interested. Feel free to contact me for any forex related issue CONTACT INFO: Email:...

FARDUN_RUMON Updated 

FED IS PUMPING MONEY TO SUPPORT THE ECONOMY. THIS IS THE REASON WHY USD IS GETTING STRONGER AMID CORONA FEAR. BUT I AM FORECASTING USD WILL FALL AGAIN. IN THAT CAST I WOULD LIKE TO SELL USD AGAINST SAFE HEAVEN YEN. STAY UPDATED WITH NEWS FROM FED, STOCK MARKET AND CORONA VIRUS RELATED NEWS. SOMETHING ABOUT ME I only trade AUD AND NZD related pairs and some...

FARDUN_RUMON Updated 

ALL OF YOU KNOW JPY AS A SAFE HEAVEN IS GETTING STRONG BECAUSE OF CORONVIRUS. IT'S A GOOD IDEA TO BUY JPY AGAINST RISKY ASSET LIKE AUD, NZD, CAD. THIS TRADE NOT ONLY SUPPORT TECHNICAL SETUP BUT ALSO FUNDAMENTAL SITUATION AS WELL. KEEP AN EYE ON THE REAL-TIME FOREX NEWS IF YOU TAKE THIS...

FARDUN_RUMON Updated 

BECAUSE OF CORONA FEAR OIL PRICE GOT DOWN TO 42.95 LEVEL. IT'S A CONCERNING MATTER FOR ALL THE OIL PRODUCING COUNTRY. THEY ARE TRYING TO STABLE THE OIL PRICE BY CUTTING OILOUTPUT. IF THEY DO THIS, SURELY WE CAN EXPECT TO SEE OIL PRICE INCREASING. BECAUSE USDCAD EXCHANGE RATE IS STRONGLY RELATED WITH OIL PRICE MOVEMENT, I AM EXPECTING A DOWN MOVE IN USDCAD PAIR. ...

FARDUN_RUMON Updated 

MENTIONED FACTORS IN CHART ARE THE FUNDAMENTAL FACTORS THAT ARE MOVING THIS PAIR. AFTER A GLORIOUS 550 PIPS UP MOVEMENT, I BELIEVE THE EURAUD PAIR IS GETTING READY FOR DEEP DIVE. THIS IS A COMBINATION OF TECHNICAL AND FUNDAMENTAL ANALYSIS... I only trade AUD AND NZD related pairs. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do...

FARDUN_RUMON Updated 

THIS ANALYSIS IS PURELY A FUNDAMENTAL ONE. TAKE THIS TRADE ONLY ONLY IF YOU GET SOME GOOD FROM CHINESE STOCK MARKET, FINANCIAL STIMULUS FROM CHINESE GOV OR POSITIVE NEWS ABOUT CORONA VIRUS. REMEMBER WITH THIS TRADE , YOU ARE BETTING AGAINST THE MARKET. SO, BE CAREFUL. MARKET CAN CHANGE DIRECTION ANYTIME. I try to post and update my trade ideas every week. Follow...

FARDUN_RUMON Updated 

I only trade AUD AND NZD related pairs. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do my analysis. After years of fx trading, I've found, it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market. I try to post and update my trade ideas every week. Follow me, if you like my...

FARDUN_RUMON Updated 

I only trade AUD AND NZD related pairs. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do my analysis. After years of fx trading, I've found, it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market. I try to post and update my trade ideas every week. Follow me, if you like my...

FARDUN_RUMON Updated 

Fundamentals- After publishing a dovish statement lat month, BOC is expected to cut-rate tomorrow. The market is expecting a global cut-rate this year. Coronavirus has a negative impact on oil prices. Since cad strength strongly depends on the oil price, I am forecasting cad to be depreciated against us dollar. Hence this USDCAD BUY trade idea. IMPORTANT- BOC...

FARDUN_RUMON

Right now EURUSD is hitting the upper trendline of a 2-year-long downtrend channel. There are some major fundamental issues that are gonna help us forecast the next movement of EURUSD. THOSE ARE: 1) Fed rate cut - Positive for EUR *** 2) Corona impact in Europe - negative for EUR *** 3) SWAP FROM EURUSD - Needs to be calculated after the next Fed rate decision....

FARDUN_RUMON Updated 

The Chinese economy has been hit hard by the coronavirus. If this continues, we can expect a major dent in the Chinese economy. As the Australian economy heavily depends on the Chinese economy, the current situation provides a selling opportunity. Technically there is a short term uptrend channel in between a long term downtrend channel, which also indicates a...