Euro News

The EUR/USD went upwards last week, reaching the resistance line at 1.0750. The upwards movement was not significant enough to bring about a Bullish Confirmation Pattern in the market, unless the resistance line at 1.0800 is breached to the upside. The bearish correction that was experienced on Friday may bring good opportunities to go long […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended upwards last week, briefly went above the resistance line at 1.0750, and then retraced southwards. There are support lines at 0.0700 and 0.0650, which may attempt to impede any bearish attempts this week. The bearishness in the market still holds, until […]

If the regulatory body that oversees Turkey’s voting process, YSK approves Erdogan’s victory, it is no doubt that it will lead to more authoritarianism without fixing any economic complications. In fact, Turkey’s economy and the economic forecasts do not look dazzling.The investors are worried about Central Bank’s independence as Erdogan has made no secret about […]

The EUR/JPY dropped 270 pips last week – having dropped roughly 730 pips since March 13, 2017. Our targets for last week were exceeded, as price closed below the supply zone at 115.50, aiming at the demand zone at 115.00. The targets for the next several trading days are located at the demand zones at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD consolidated from Monday to Friday, save a faint rally that was witnessed on Wednesday. The bearish bias on the pair still holds, though another week-long consolidation would lead it into a neutral zone. This week, attempts would be made to push price upwards, […]

Speculation would first seem to be one of the easiest things on earth because you might think of making money by hitting bid and ask buttons for trading instruments of your choice. Hitting bid and ask buttons can be learned by everybody, but it remains a mystery that doing this does not bring easy money. […]

The EUR/JPY dropped 110 last week, testing the demand zone at 117.50 many times without being able to breach it to the downside. Price has dropped about 500 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. […]

Exxon Mobil stock (NYSE:XOM) is an equilibrium market at the present. This equilibrium phase is February, following the massive sell-off that was witnessed in January 2017. Price is currently located within the upper and lower Trendlines, and a rise in momentum is expected any week from now, which would push price outside the Trendlines. The […]

AUS200 Dominant bias: Bullish The market consolidated from March 3 to 27, and then moved upwards protractedly till the end of March. The bullishness in the market is still being preserved, though things are choppy and volatile at the present. In April, it is expected that price would continue going upward, and gradually. The resistance […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold is now a bull market, which is supposed to continue for some time. The bullish trend that has started on Gold since the beginning of this year came under attack from February 27 to March 14. Price reached a low of 1194.73 in March, and then moved upwards by […]