Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD was volatile for most past of last week, and there is not yet a strong directional movement, though the bias is bearish. Even the bullish breakout that was performed on Friday could prove to be a false breakout unless the resistance lines at […]

EURGBP has been performing a bullish consolidation above the 0.7384 support zone, after a rebound made around the 200 SMA territory. At H1 chart we should note the current upside moves held by this pair, after some deeper corrections from the pullback made around the resistance level of 0.7427. We’re seeing a higher high pattern […]

“You can’t congratulate yourself on your wins. Just like you can’t despair over your losses. Success is not one event. Too many one-hit wonders realized this too late.” – James Altucher This article was written with traders who control their risk and follow sound trading plans in mind. Controlling one’s risk and following sound trading […]

The Cable fell 400 pips last week, testing the accumulation territory at 1.5150. There is a clean Bearish Confirmation Pattern in the market and the price could still continue its downwards journey by at least, 200 pips this week. The accumulation territories at 1.5100 and 1.5000 are potential targets for the bears. EUR/USD: This is […]

Aussie is still below the 200 SMA H1 chart, with a sideways consolidation pattern formation ongoing, as it could still perform more downside moves to reach new lows. Currently, AUDUSD is facing off the resistance zone of 0.7052, which could be tested in coming hours, as part of the corrective moves. However, a breakout below […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair fell 200 pips last week, almost touching the support line at 1.1100. Afterwards, price bounced upwards by 180 pips and then got corrected lower. The price action in the market reveals that bulls are still making noticeable effort to push the price […]

The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]

After the U.S Federal Reserve Meeting of thursday, EURUSD rallied to new highs, after a successful breakout around the 1.1386 level. We’re still expecting more highs to be reached in the near-term, but before that, expect a higher high pattern for a later rise until the resistance level of 1.1488. If that leves gets broken […]

“I’ve not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison “…If trading is only about money, you have very little chance of success.” – Dr. Van. K. Tharp In recent times, some people have questioned the morality of online trading. Obviously, the question comes from lack of real understanding of trading. […]