Foreign Exchange

Victoria Oil and Gas stock (LSE:VOG) has dropped steeply as a result of a strong selling pressure in the market. This is a development that is supposed to continue for the rest of this year. The southward movement started around the end of October 2015; becoming significant recently. 4 EMAs are used for the market […]

Historical data reveals that Gold tends to rally during Thanksgiving celebration in the U.S. – which is held on the 4th Thursday of November of each year. Gold rally often takes place in the week in which the celebration is observed, but in order to check the validity of this trading idea, we would like […]

The USD/JPY did not make any significant directional movement last week. It just went up and down in a shallow manner, though the bullish bias remains valid. This week, there is a probability that the pair could continue moving upwards, owing to the expected loss of stamina in the Yen. EUR/USD: There was no directional […]

It seems the pair is still very bearish below the 200 SMA, as we can note on the H1 chart. Also, EURJPY is forming a lower low pattern. Current structure is calling for further downside moves, as this pair continues to trade in favor of the 200 SMA slope direction by the way. The nearest […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD did not make any serious directional movement last week, for what was seen was slow short-term movements to the upside and downside (and they were nothing significant). On Friday, price closed at 1.0645, highlighting the ongoing weakness in the pair. There is a […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 17 “A main focus for us is showing traders how to reduce risk with three important tools. The first is the proper use of protective stop orders, the second is proper position size and the last, but maybe most important tool is to keep losses small.” […]

Last week, the EUR/JPY cross merely moved in a choppy, sideways manner. The price zigzagged between the demand zone at 131.50 and the supply zone at 133.00. This week, the EUR/JPY might find it difficult to rally significantly, especially as long as the EUR is weak. EUR/USD: There was no serious upwards or downwards movements […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD did not move upwards or downwards significantly last week, though the outlook remains bearish. Last week was the week in which the FX markets consolidated the most this year, with certain pairs and crosses not going up or down by 50 pips throughout […]

“You do not need a PhD in math or physics to be successful in the stock market, just the right knowledge, a good work ethic, and discipline.” – Mark Minervini Imagine. There’s someone who borrowed a total of $13 million to make a movie. She’s a credit officer at a big financial institution who’s helped […]

Among the majors, the Cable was the strongest moving last week. The movement was so strong that the price fell by 400 pips, testing the accumulation territory at 1.5050. The outlook on this market remains bearish and it is possible that the accumulation territories at 1.5000 and 1.4950 would be attained this week. EUR/USD: The […]