Foreign Exchange

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards recently, going below the supply level at 1199.00. The bias on the market is bearish, as efforts to push the price upwards have been invariably scuttled. Price consolidated for most part of the last week, and there could soon be a breakout to the upside […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped below the support line at 1.0850 last week, but it could not stay below that line. From there, price rallied by over 150 pips, testing the resistance line at 1.1000. The overall bias remains bearish and it would be so, unless price […]

A Rule-based Swing Trading Method “This reminds me of the way many professionals trade. They are not looking to “shoot the moon.” They have set objectives and they exit when those objectives are reached. Doing so takes discipline and self-control, two ingredients needed by every trader who desires to become successful in this business.” – […]

Price news Bitcoin has been unusually steady the past two weeks, consistently trading within the $230-240 price range. Seven-day average price: $236.44 End of week market cap: $3.4 billion (Prices quoted according to Coindesk Bitcoin Price Index) In the bitcoin financial news over the last two weeks: Nasdaq’s Bitcoin Embrace In the news again, Nasdaq’s […]

EURJPY found dynamic resistance at the 200 SMA on H1 chart and it seems the lower continuation will remain alive during this week. The current structure is already showing a lower low pattern formation in place below the daily pivot point level of 134.29. If EURJPY does a breakout at the support zone of 133.27, […]

The USD/JPY moved upward by 200 pips last week. The upwards journey started at the demand level of 119.50 and it has gone beyond the demand level at 121.50. This bullish journey has put an end to the recent protracted equilibrium phase in the market: the price would continue its journey upwards as long as […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair dropped by 430 pips last week, leading to a Bearish Confirmation Pattern in the chart. The price has already tested the support line at 1.1000, and it could test it once again, possibly breaking it to the downside. The support lines at […]

Hiring someone else to do your investment for you sure sounds appealing. But what are the disadvantages of managed funds? We asked you to send us your questions about forex trading so today I’m here to give an A to your Q. The question we picked this week is from the Twitter account @ClayLoveDay says […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 5 “I had done alright at school and was regarded in my earlier profession as a clever and steady worker, but nothing of this was of any use in trading.” – Tomorton (Source: Trade2win.com) Name: Stanley Druckenmiller Country: USA Date of birth: June 14, 1953 Profession: […]

The Aussie had a significant turning point at the May 14 session, because it started a bearish journey. Now, AUDUSD is currently trading in favor of the bearish bias, below the 200 SMA at H1 chart and the daily pivot point level of 0.8171. Now, the pair could find support at the 0.8136 and if […]