Foreign Exchange

Most JPY pairs seem overbought and it looks like there could be some reversals soon. Yes, there could be reversals this week, but the markets may still go further upwards, especially if there are certain bulls who are interested in going long at the current prices. EURUSD: This is a bull market – slow and […]

As it was forecasted on Monday, this week has been favorable to trend followers. For example, the EURJPY, which has been trending up for a few weeks in a row, has moved upwards for more than 170 pips in this week. EURUSD: This is a bull market, with a Bullish Confirmation Pattern on the chart. […]

The Aussie has been very weak in recent days and it is likely that this weakness will continue for the next week. The AUD/USD is trying to break the weekly support level of 0.9060. If successful, it is expected to fall to 0.9032 level, a very important support level and strong, because in larger charts, […]

The EURJPY has almost challenged the high of 138.00, which is a very strong supply zone. The price has been corrected downwards from that supply zone, although the dominant bias remains bullish. EURUSD: In spite of the visible consolidation in the market, the bullish propensity on the market is a valid thing. The price is […]

The EUR/JPY found a fairly strong monthly resistance level, which could curb future increases in this pair, for the remainder of November. This pair has found resistance at the 137.76 level, a fairly hefty monthly pivot levels and therefore is very likely that the EUR/JPY remains below this level for the rest of the month, […]

The conditions on the market are favorable to trend-followers, especially in the face of new signals and directional movements that are currently happening. For instance, the USDCHF has assumed a strong southward bias and the price could reach the support level of 0.9000 this week. EURUSD: The EURUSD has assumed a strong northward bias and […]

The AUD/USD had a fairly bearish week in which this pair was able to consolidate a strong bearish trend in big charts as the daily chart. The aussie managed to fall to the weekly support level of 0.9175. Now, it is very likely that this pair begin to form a higher low pattern near this […]

LEARN FROM GENERALS OF THE MARKETS – PART 41 “What you do not believe, you can never become.” Born in June 11, 1956, Steven A. Cohen is an American funds manager. He grew up in New York, where his parents worked. He began to play poker while still in high school – something that could’ve […]

The perpetual southward movement on the USDCHF has resulted in a renewed bearish signal. The price may break the support level of 0.9100 to the downside. EURUSD: The slow and tardy bullish movement on the EURUSD has resulted in a clean bullish signal in the market. This is a result of the perpetual northward bias […]

The kiwi found strong resistance near the 0.8407 level and now this pair is dominated by the bears. The NZD/USD is falling below the monthly pivot is located at the 0.8332 level and now, it is likely that this pair fall to support at the 0.8287 level. However, the bullish outlook still alive in this […]