Technical Analysis

The kiwi remains above the 200 day moving average, so there are two possible scenarios: A bullish consolidation or the domination of the bears on this pair. NZD/USD could find dynamic resistance in the 200 SMA, if this pair makes a breakout from the pivot point at the level of 0.8183. If successful, the next […]

USD/JPY has found strong support at 100.79 level a support that has been quite strong in the last hours. This pair is in a bullish bias that has led it to consolidate above the pivot point at the level of 101.34. The nearest resistance is located at the level of 102.26. If the pair manages […]

AUD/USD had a bullish Asian session as the RBA has decided to keep the interest rate at 2.50%, so the reaction has been clearly positive in this pair. Technically, the Aussie has managed to break the resistance level at 0.8809 and next target would be the level of 0.8867. If the pair manages to break […]

EUR/JPY has been consolidated in the bearish bias, so it is very likely to continue to sell orders on intraday charts. This pair is below the daily pivot point at the level of 136.99. The nearest support is fixed at the level of 135.91. If the pair manages to make a breakout at that level, […]

Here is the current outlook on Gold and Silver. GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as […]

The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. EUR/USD: The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. However, this may not occur without some upwards bounces along […]

The new lease of energy in the Greenback has resulted in the weakness of the EURUSD and the strength of the USDCHF. The also has had impact on other major pairs, resulting in near violation of major biases in certain cases. The continuous strength in the Greenback could spur on the weakness of the EURUSD […]

The USD/JPY is finding strong resistance at 102.67 level, but the chances of this pair consolidates above that level are still high. During the U.S. session yesterday, the pair had a very bullish day in this pair managed to consolidate above support at 102.21 level. For now, this pair remains above the pivot point at […]

The latest stock market setback has been triggered by distress from emerging markets and if you can remember 1997 this may feel like familiar territory. “Thailand ran into trouble in July 1997. Four months later South Korea’s president warned his countrymen of the “bone-carving” pain to follow an IMF bail-out. It took over a year […]

Experienced trading mentors have groomed successful traders over the years. While some frown on the idea of mentioning mentors, it’d be necessary to say that the writer of this article would’ve quit the trading world many years ago when things became so hopeless in the markets, provided he didn’t come across those seasoned coaches and […]