Foreign Exchange

AUD/USD Daily: Dives back inside Ichimoku. Australia Cuts Rates 0.25% After this video was filmed. It’s Golden Week in Japan and my Mr. Japanese Yen is taking a rest on the forex dance floor. So I thought I’d also dance to the beat of May holidays and deliver this week’s video from the beach that loves to play. […]

EURJPY is finding a way to ride the current bullish bias in the short term, as the pair remains trading above the 200 SMA. Currently, we could expect a price action formation in favor of this outlook, as the EURJPY could find a strong support at the 133.48 level. If the pair does a breakout […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been a highly volatile market, with upswings alternated by downswings. In spite of this high volatility, the bias remains bearish and the price has a high probability of going further south, reaching the support levels at 1160.00 and 1150.00 this month. However, this would not happen without visible […]

The USD/JPY has been able to maintain its recent bullish signal. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, this pair moved north by over 420 pips. Price moved above resistance lines at 1.1250 and later fell below it, closing just below the resistance line at 1.12000. While it is not impossible for EURUSD to reach the resistance lines at 1.1300 […]

“Trading success depends on your system, your relationship with yourself and your relationships with others. Your feelings drive all of these components. When I first started, I thought it was all about the system. How silly and naïve I was in those days.” – Mike Melissinos What do you think is the answer to the […]

NZDUSD = Sell NZDJPY = Sell NZDCAD = Sell NZDCHF = Sell EURNZD = Buy GBPNZD = Buy 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 US dollar has been trading softer on near-term strategies, but the longer-term view points to higher levels or consolidation. We call it Ms USA at Invest Diva and monitor her dance moves closely on the forex dance floor. But what are important pillars of the US economy that can have major impacts on the US […]

Price news A sharp ten dollar rally on Tuesday could not be sustained and the price still seems to be trending downwards. Seven-day average price: $229.29 End of week market cap: $3.1 billion (Prices quoted according to Coindesk Bitcoin Price Index) There was quite a few things happening in the exchange space this week: Exchange […]

AUDUSD is strong in the current bullish bias, as the pair is already consolidated above the 200 SMA in H1 chart. The current structure is favoring the bullish formations above the daily pivot point level of 0.7809 and the focus remains at the resistance zone of 0.7854 in the near term. In the other side, […]