Oct 05 2015 @ 01:40
The USD/CHF performed a large pullback on Friday, in the context of an uptrend. Unless the price goes below the support level at 0.9600, the pullback would proffer a wonderful opportunity to go long at a better price. The resistance level at 0.9800 could be tested this week, but a strong buying pressure is required […]
Oct 04 2015 @ 03:51
NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = Sell 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 […]
Oct 03 2015 @ 06:05
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD was volatile for most past of last week, and there is not yet a strong directional movement, though the bias is bearish. Even the bullish breakout that was performed on Friday could prove to be a false breakout unless the resistance lines at […]
Sep 27 2015 @ 19:19
The Cable fell 400 pips last week, testing the accumulation territory at 1.5150. There is a clean Bearish Confirmation Pattern in the market and the price could still continue its downwards journey by at least, 200 pips this week. The accumulation territories at 1.5100 and 1.5000 are potential targets for the bears. EUR/USD: This is […]
Sep 26 2015 @ 05:42
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair fell 200 pips last week, almost touching the support line at 1.1100. Afterwards, price bounced upwards by 180 pips and then got corrected lower. The price action in the market reveals that bulls are still making noticeable effort to push the price […]
Sep 20 2015 @ 15:50
The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]
Sep 19 2015 @ 07:54
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]
Sep 13 2015 @ 17:23
The EUR/JPY cross, which is now one of the strongest trending among the majors, moved upwards by 400 pips last week. The price is now close to the supply zone at 137.00, and it is possible that the supply zone would be breached easily when the market opens. The next targets for this week are […]
Sep 12 2015 @ 16:17
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish As it was mentioned in the last forecast, bulls made effort to push EURUSD upwards, and they were successful in doing that. Before this, the market consolidated for the first few days of the last week and then broke upwards, giving the resistance line […]
Sep 12 2015 @ 05:03
AUDCAD = Buy USDCAD = Buy EURCAD = Buy CADJPY = Sell CADCHF = Sell GBPCAD = Buy NZDCAD = 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 […]