Foreign Exchange

There is a recovering from losses taking in place at H1 chart, because EURGBP was trading below the 200 SMA. Currently, EURGBP pair is trying to form a bullish pattern (higher high) in order to reach the next resistance zone around the 0.7112 level. There is another scenario which could be advising us about a […]

It might have been a better day for Glencore’s (LSE:GLEN) share price and the FTSE 100 if the former had not had to publish its Q2 and H2 operations and financial report. The mining giant’s share price dropped by 9.74% to close at 158.95, continuing a decline that began a year ago on 25 July […]

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 […]

The bullish effort on the Cable has led to a bullish signal on it. However, there is one obstacle to be surmounted – the distribution territory at 1.5650. This distribution territory has adamantly rejected sincere bullish efforts for the past several weeks, and the price needs to close above it if the current bullish signal […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair rose by 150 pips last week, rising from the support line at 1.0950 and reaching the resistance line at 1.1200. Price has really met a challenge at the resistance line at 1.1200, but it would need to go above the resistance line […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 11 “The biggest risk in trading is hubris… This is because being wrong is actually an integral part of success. A successful futures trader makes many more losing trades than winning ones. The key is to recognize and concede the mistakes and cut losses. And ride […]

The bearish outlook remains alive at AUDUSD, at least in H1 chart, where we’re seeing a pullback from 200 SMA until support level of 0.7243. Aussie should break that zone in order to fall until the 0.7186, where a very strong support level in the short-term is placed. Also, bear in mind the daily pivot […]

The GBP/USD went bearish last week, breaking southward out of the recent equilibrium phase. The price tested the accumulation territory at 1.5450 and later bounced upward from there. The bias on the market is bearish and it is possible that the accumulation territory would be tested again; it may even be breached to the downside. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is now a volatile pair, characterized by serious struggles between bear and bull in the context of a downtrend. The support line at 1.0850 was tested last week, but price could not break it to the downside. For the downtrend trend to continue […]

EURUSD found support around the 1.0856 level and now it’s trying to consolidate again above the daily pivot point zone of 1.0896. If that happens, then pair will look to face off the 200 SMA at H1 chart, which is currently doing dynamic resistance over the EURUSD. However, the bearish outlook in the short term […]