Foreign Exchange

EURGBP is showing a solid bearish structure at H1 chart, because the pair is trading below the 200 SMA and daily pivot point level of 0.7221. Also, the pair achieved in get outside from the bearish range below the resistance level of 0.7247 and now it’s looking towards the support zone of 0.7174. The RSI […]

Price news Following its failure to break the $300 barrier, the bitcoin price is continuing to slump, with murmurs building in the community of yet lower prices ahead. Seven-day average price: $243.13 End of week market cap: $3.2 billion (Prices quoted according to Coindesk Bitcoin Price Index) BNY Mellon Testing Blockchain Technology Headed by CIO, […]

The EUR/JPY plunged by roughly 350 pips last week, as forecasted. The price reached a high of 131.29 and a low of 127.20. The outlook for this week is also bearish, as long as the EUR is weak. The next targets for the bears are located at the demand levels at 127.00 and 126.50. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair plunged by 400 pips last week, owing to the very weak condition of EUR. In fact, most EUR pairs are weak – hence the justification of the ongoing bearish movement. The market is expected to keep going further downwards next week, reaching […]

The EURJPY is still developing a bearish structure below the 200 SMA at H1 chart. There are already various bearish patterns formed below that moving average and now it’s doing a consoliation below the daily pivot point level of 128.84. The next target in the downside would be the support zone of 127.92. Also, we […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 2 “All predictions are about the future. And, a lot of stuff can happen between now and then.” – Dave Landry Name: Dirk Vandycke Country: Belgium Profession: Trader, lecturer and software developer Website: Chartmill.com Career Dirk Vandycke has been a trader and market researcher since the […]

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 […]

At the H1 chart, the AUD/USD found strong dynamic resistance at 200 SMA and now it’s looking to reach new weekly lows. The current structure is very bearish, which coincides with the overall trend of the Aussie, so we could expect a fall until the support zone of 0.7557, if the AUDUSD finds strong resistance […]

The USD/CHF went upwards last week – just in opposite of what the EUR/USD was doing. The market first made some bullish attempt, reaching the resistance level at 0.9750. Further bullish journey was rejected at that resistance level and price plunged by 250 pips, testing the support level at 0.9500. The bearish movement this week […]

Price news It’s been a very steady week (in bitcoin terms!), with price trading mostly in the $245 and $255 range. Seven-day average price: $250.81 End of week market cap: $3.6 billion (Prices quoted according to Coindesk Bitcoin Price Index) Due to a busy couple of weeks I missed last week’s report, so this time […]