Foreign Exchange

We saw a strong bullish consolidation held by the EURUSD above the 200 SMA at H1 chart during this week. Now, it seems the pair is preparing the ground to test new monthly highs, because current structure is already showing some higher swings formations. MACD indicator is reaching oversold conditions on this timeframe and that’s […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 13 “Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight.” – Jesse Livermore Name: Kenneth Heebner Nationality: American Education: MBA, Harvard University Occupation: Funds manager Career: Ken runs Capital Growth Management (CGM), Boston, Massachusetts, […]

Amlin shares (LSE:AML) are not attractive right now, because they have been in a general equilibrium phase for a long period of time. The price simply oscillates between the resistance level at 550.00 and the support level at 450.00, without any protractedly directional movement. The price moves briefly above and below the EMA 21, trapping […]

The Cable plunged by 260 pips last week, closing below the distribution territory at 1.5200. The accumulation territory at 1.5100 could be tested this week, unless the bulls push the price upwards above the distribution territories at 1.5300. This means that we would see some bullish effort this week. EUR/USD: For the most of the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Though EURUSD consolidated in the most part of last week, the bias on the market is bearish, for bullish pressure has seriously lost steam. The pair has consolidated to the downside and it might reach the support lines at 1.1100 and 1.1050. Nonetheless, bulls […]

“Illusions are something pleasant. The disadvantage is that they tend to burst like a burble.” – Wolfgang Kurz “It is true that the market is brutal to most of the people who challenge it. But so is Mount Everest, and that should not – and does not – stop people from trying to reach the […]

EURJPY is still trading below the 200 SMA on H1 chart and the bearish tone is alive at the current structure. There is a pivot point level placed around the 135.32 zone, where we should expect a breakout lower in order to test the support level of 134.41, in case the bears take again the […]

EUR/USD: The last two weeks were characterized by the strongest movement on the EUR/USD in this year. From the support line at 1.1050, the price skyrocketed and peaked at the resistance line of 1.1700 (within a few days). From that peak, the price has been corrected by over 520 pips. This correction has been serious […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week witnessed the greatest volatility in the markets since January 15, 2015. Between August 19 – 24, price went upwards by 680 pips, topping at the resistance line of 1.1700. Immediately the resistance line was tested, price began to retrace steadily and gradually. […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 12 “I am actually trading because I learn a lot of important life lessons from it. Trading helps me get to know myself. It helps me think about why I believe things and why I do things.” – Van Eekelen Name: Michael Platt Date of Birth: […]