Foreign Exchange

GOLD (XAUUSD) Dominant Bias: Bullish The dominant bias on Gold has turned bullish as bulls are making effort to push price north. This fact has proven to be true in the last few weeks. There is a Bullish Confirmation Pattern in the market and it is likely that bears effort will often be frustrated, enabling […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair first traded downwards last week, reaching the support line at 1.0750. Around that support line, further bearish movement was rejected and price rose by 250 pips. There is now a clean Bullish Confirmation Pattern in the chart: there is a possibility that […]

The H1 chart is already showing a strong bearish bias in the short and medium term for the NZDUSD. Also, the 200 SMA is doing a dynamic resistance over this pair and we should see a strong pullback there, towards the daily pivot point level of 0.7444. If the Kiwi does a breakout on that […]

“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?” The markets offer riches that can’t be accessed unless you become a trader or an investor. […]

US dollar strength has been making pips for dollar bulls left and right, but is a strong USD good or bad for the US economy? Also, will the Fed finally hike rates? If you’re a frequent online shopper, then you’d probably know that a stronger local currency is usually good news for consumers. For example, an […]

The EURUSD is very strong in the current bearish bias, as the pair has been trading below the 200 SMA during this week. In an intraday outlook, the EURUSD broke the important supports at the 1.0796 and 1.0760 levels, which are also below the daily pivot point zone of 1.0845. We could expect more downside […]

I’m back from Hawaii to the cold city that still loves to trade and I’ve had enough time to catch up with all the moves our currency pairs made during my absence. And guess what? I made some pips while I was away on the EUR/USD pair as it reached our bearish target. You may […]

The Cable moved only sideways throughout last week, with neither the bull nor the bear gaining an upper hand. As long as the bull and the bear seem to have equal stamina, the sideways movement can continue – until there is a rise in momentum which could cause an imbalance in the market. The imbalance […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD, which has been making some bullish attempt since a few weeks ago, is now above the support line at 1.0850. On the downside, there are support lines at 1.0800 and 1.0700. On the upside, there are resistance lines at 1.1000 and 1.2000. It […]

The EURGBP is now trading in sideways but still is bullish, because is above the 200 SMA and the daily pivot point level of 0.7365. In the upside road, the nearest resistance is located at the 0.7389 level. If the EURGBP does a breakout of that zone, it would be expected to reach the level […]