Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is still in a bullish mode in spite of the effort of bears to pull price down. There are support lines at 1.1100 and 1.1050 and a downside breach of the support lines would result in a new bearish outlook. There are […]

A Rule-based Swing Trading Method “I’ve become more and more selective, sometimes to a fault. I used to always want to be in the market. I’ve learned that you’re much better off letting the market prove itself before entering.”* Snapshot of the Trading Method Strategy name: 48-hour Movement Trader Suitability: Good for both full-time and […]

NZDUSD is currently touching new lows below the 0.7100 level, as the pair reacted negatively to the Reserve Bank of New Zealand’s decision to cut the rates to 3.25%. The official cash rate from the RBNZ was 3.5%, but the current decision to cut the interest rates kept open the doors to ease the monetary […]

The USD/JPY moved sideways last week and it later broke upwards significantly as a result of the employment figures coming out of the US. The upwards break happened in the context of an uptrend and thus, further upward movement is possible this week. EUR/USD: The popular Non-Farm Employment Change and other employment figures coming out […]

EURUSD is trying to do another rebound above the 200 SMA at H1 chart, but the risk to the downside is still there. Currently, the pair is forming a lower low pattern below the daily pivot point level of 1.1147 and we could expect a test of the support around the 1.1015 level. In the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The popular Non-Farm Employment Change and other employment figures coming out of the US and Canada caused significant impact on the markets on June 5, 2015. The figures had positive effects on USD and CAD and therefore, other USD pairs and CAD pairs were […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 6 “Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.” Name: […]

AUDJPY = Buy AUDUSD = Buy EURAUD = Sell AUDCAD = Buy AUDCHF = Buy GBPAUD = Sell AUDNZD = Buy 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 EUR/JPY experienced a nice bullish run last week, moving upwards from the demand zone at 133.50 and going far above the demand zone at 136.00. This movement of roughly 300 pips has resulted in a clear Bullish Confirmation Pattern in the chart, and this is a situation that could continue this week, for the […]

The bulls are still alive at H1 chart, but we don’t see yet a clear confirmation of a higher acceleration during this week on EURGBP. In our short term outlook, EURGBP is close to the resistance level of 0.7186 and if the pair achieves to break that zone, it would be expected to test the […]