Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair started a bearish movement on Monday, which was briefly interrupted by a massive rally, caused by the U.S. presidential elections results. Price rallied 280 pips on Wednesday and started coming down that day, forming a Bearish Confirmation Pattern in the market. The […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 21 “Trading shares many similarities with another past-time I enjoy: strategy games. I love playing chess, and I think trading and chess require a similar set of characteristics to do well — they require that you act thoughtfully, never impulsively.” – Ron Kapar Name: Bill […]

Donald Trump is to become the new President of the United States of America. Whichever way you look at it, fair and square the numbers were read out and surprising to some he come out on top. Amongst protests and anguish from Democrat supporters, some investors were not surprised and have used Brexit as a […]

After a long, drawn out political campaign, the US Presidential Election has drawn to a close, with Republican candidate Donald Trump elected to take over the reins and move into the White House. Just like Brexit, the polls that emanated throughout have been completely inaccurate, having predicted Hilary Clinton as favourite in the Presidential race. […]

Donald Trump has won the US presidency. What effect will this have on the country’s economy and currency? Yesterday, the US went to polls to elect the country’s 45th president. After a long and hard-fought campaign, Republican Donald Trump was victorious, beating Democrat Hillary Clinton. With his first real foray into the political sphere, Mr […]

The GBP/USD went upwards by 370 pips last week, testing the distribution territory at 1.2550. This has led to a bullish bias in the short-term, and additional movement of 1000 pips to the upside would also result in bullish bias on a bigger timeframe like the daily chart. Unless USD gathers lots of stamina this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price […]

In June, the UK voted to leave the European Union (EU). This was a shock to a number of analysts both within the UK and outside it. There were so many unknowns with leaving the EU that many thought it would never happen. However, it did and now there is a great deal to negotiate […]

“Acceptance is a good state for trading because at this level you can accept losses and profits — both of which are a regular part of trading. In fact, acceptance of small losses is critical to successful trading.” – Dr. Van K. Tharp WHAT’S YOUR ATTITUDE TO TRADING CHALLENGES? Michael: “I put so much effort […]

The EUR/JPY went upwards by 230 pips last week, closing above the demand zone at 115.00 on Friday. There is now a Bullish Confirmation Pattern in the 4-hour chart, and the last candlestick on Friday reveals that bulls are still willing to push price further upwards this week. Therefore, the supply levels at 115.50, 116.00 […]