Currency

Daily analysis of major pairs for July 27, 2015

Jul 26 2015 @ 17:01
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 @ 04:26
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 […]
 

Forex Trading Versus Binary Options: Which One Is Better?

Jul 23 2015 @ 17:05
“Nobody can predict the future. A Harvard PhD and a high school dropout have equal skills at prophecy.” – James Altucher It’s no longer a secret that Forex market is the biggest and the fastest-growing market in the world. It’s also not a secret that majority of Forex traders end up sustaining negativity, simply because […]
 

Bank of England versus US Federal Reserve

Jul 20 2015 @ 02:55
After the financial meltdown of 2008 the majority of global central banks have slashed interest rates to near zero in addition to unprecedented stimulus plans guided by hope to revive their economies. In 2014 the British economy had a terrific start to the year and economists as well as forex traders were convinced that the […]
 

Daily analysis of major pairs for July 20, 2015

Jul 19 2015 @ 18:17
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 @ 03:38
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 […]
 

What’s in Store for the Canadian Dollar?

Jul 16 2015 @ 05:05
The Bank of Canada decided to cut interest rates by 25 basis points yesterday to 0.50%. This move was widely expected by economists who were surveyed on the matter and the Canadian Dollar quickly shed roughly 200 pips as forex traders were adjusting their positions. The Canadian economy, which is heavily dependent on commodity exports, […]
 
 
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