Banks

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 18 “Get no joy, except a superficial joy, out of winning. Get no sadness, except a superficial sadness, out of losing. Get to the point where it must almost be an act on your part to be joyful or to be sad – and not […]

The GBP/USD is bearish in the 4-hour and daily charts. Price declined further last week, in spite of bulls’ opposition, and their footprints can be seen in the chart. On the GBP/USD (as well as other GBP pairs), the outlook is bearish, and therefore, further decline is anticipated, which may take price towards the accumulation […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD is bullish in the short-term, but neutral in the long-term. Against the volatility contraction in the higher time-frames, bulls managed to push price above the support line 1.1200. The next targets are around the resistance lines at 1.1250 and 1.1300, which would require […]

“Soon, though, I became aware that there was an even bigger game available to players like me. It was, in fact, the biggest game in town — the international financial markets. So my interest shifted from playing cards to playing the markets.” – James Frazer Someone in a West African country – a young man […]

The GBP/USD trended downwards slowly last week, and later dropped like a stone on Friday, September 16, 2016. The bias is bearish in the short-term and the long-term. Price is thus expected to continue moving downwards this week, reaching the accumulation territories at 1.2950 and 1.2900. GBP pairs, except the EURGBP, have also been going […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EUR/USD moved sideways last week, from Monday till Thursday, and then broke downwards by 85 pips on Friday. Had price failed to break downwards on Friday, the bias would have become neutral in the short-term. Now, the bias is bearish, and price might test […]

The USD/JPY dropped by 260 pips from Monday to Wednesday and then started going upward from Thursday and closing above the demand level at 102.50 on Friday. The bias on the pair, as well as other JPY pairs, is bullish for this week. Thus price could reach the supply levels at 103.50 and 104.00 this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, testing the resistance line at 1.1300 and then getting corrected downwards. The bullish bias remains valid, though it looks like an unclear thing. Therefore, the pair is expected to trend further higher this week (for EUR would gain […]

“Once you get your trading plan completed however, and you have a successful track record of six months of solid trading results, lock that plan up and never share it with anyone. Use it to build an incredible life for you and your family. Hold on to the edge you have worked so hard to […]

AUS200 Dominant bias: Bearish AUS200 dipped at the beginning of August, and moved sideways till last week, when it went down significantly. The bias has turned bearish, and unless price goes above the resistance line at 5620.0 to effect a new bullish outlook on the market. This month, further dips are expected, which would enable […]