Foreign Exchange

There is a bullish momentum alive on the Kiwi, because of the RBNZ Monetary Policy Statement posted during the wednesday’s session. Technically, NZDUSD is looking to rally towards the resistance level of 0.6792, where a pullback could happen to test again the daily pivot point level of 0.6685. We should expect a higher high pattern […]

AUDCHF = Sell USDCHF = Sell EURCHF = Sell CADCHF = Sell CHFJPY = Buy GBPCHF = Sell NZDCHF = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

AUDJPY = Sell AUDUSD = Sell EURAUD = Buy AUDCAD = Sell AUDCHF = Sell GBPAUD = Buy AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

Last week, the EUR/JPY rose from the demand zone at 130.00, testing the supply zone at 134.50. This was a movement of 450 pips, which was an exponential movement brought about by the great stamina in the EUR. The price is currently consolidating, but we might witness further bullish breakout in the market, since the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There was a sudden and fast bullish breakout on EURUSD, which made it go upwards 450 pips, testing the resistance line at 1.0950. The price consolidated after that, till price closed last week. The bullish breakout has abruptly overturned the recent bearish trend in […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 18 “The trading game is not won in the strategy one selects. The trading game is won in the mind.” – DbPhoenix (Source: Trade2win.com) Name: Michael Steinhardt Date of birth: December 7, 1940 Nationality: American Occupation: Funds Manager and philanthropy Career Michael was born to an […]

After the ECB meeting, EURUSD had a bullish reaction, performing a consolidation above the psychological price zone of 1.0600, which was critical to the overall bias in this pair. This Friday, December 4th, will be released the US Non-Farm Payrolls, which will be the last of this year, and due to the strong pullback that […]

GBPAUD = Sell GBPUSD = Sell EURGBP = Buy GBPJPY = Sell GBPCHF = Sell GBPCAD = Sell GBPNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

GOLD (XAUUSD) Dominant Bias: Bearish The Thanksgiving effect did not take place last week, as Gold generally moved sideways, without any significant drop. This effect has not taken place for 3 years in a row, though that does not mean it would not take place in November 2016. The dominant bias on the market is […]

The EUR/JPY has shown determination to keep on moving downwards. The bias is bearish and this would continue as long as the EUR is weak. The price looks ready to break the demand zone at 130.00 to the downside. Only a very strong weakness in the JPY could reverse the trend. EUR/USD: The EUR/USD merely […]