Greek Crisis

Daily analysis of major pairs for August 3, 2015

Aug 02 2015 @ 19:22
The EUR/JPY was characterized by high volatility last week, swinging higher and lower in the context of an uptrend. The supply zones at 137.50 and 138.00 could be tested this week, though there are also demand zones at 135.50 and 135.00. A movement below the demand zones could result in a bearish bias. EUR/USD: There […]

Weekly Trading Forecasts on Major Pairs (August 3 - 7, 2015)

Aug 01 2015 @ 18:05
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced a great deal of volatility last week. Price went up on Monday, and then dropped seriously from Tuesday to Thursday. On Friday, price spiked upwards and immediately following that, got corrected to the downside. The high volatility and short-term swings in […]

Daily analysis of major pairs for July 27, 2015

Jul 26 2015 @ 18:01
What is happening on the USD/JPY signifies a serious battle between bulls and bears. Although the recent bullish bias in the market remains intact, it is wise to stay away from this pair until there is a clean directional bias in the market. This clean directional bias should be seen this week. EUR/USD: EUR/USD rose […]

Weekly Trading Forecasts on Major Pairs (July 27 - 31, 2015)

Jul 25 2015 @ 05:26
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the dominant bias is bearish, this pair made some commendable bullish attempts last week. Price moved upwards by almost 200 pips, testing the resistance line at 1.1000. That resistance line is an important price area, since it must be broken to the upside […]

Daily analysis of major pairs for July 20, 2015

Jul 19 2015 @ 19:17
EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Weekly Trading Forecasts on Major Pairs (July 20 - 24, 2015)

Jul 18 2015 @ 04:38
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

Oil - Wherefore Goest Thou?

Jul 14 2015 @ 14:56
Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]

China "economic downside" (A fresh view)

Jul 14 2015 @ 13:36
China and its apparent economic downturn could in fact simply be a ploy. Find out why below.   China has always been a secretive government and yet we hear from them that their economy is struggling and we believe this openly. China has been buying gold at a record rate and has always kept the […]

Greek Debt Crisis: Eurozone leaders agree to bail Greece out again, euro rises against dollar then falls again

Jul 13 2015 @ 04:08
EU Chairman Donald Tusk says that the eurozone leaders have come to an agreement for a third bailout for Greece. He says the leaders have agreed “in principle” after marathon 17-hour meeting, “which in other words means continued support for Greece.” European Commision head Jean-Claude Juncker stated, “There will not be a Grexit.” He also […]

Daily analysis of major pairs for July 13, 2015

Jul 12 2015 @ 18:32
Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]
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