Foreign Exchange

EURJPY is still looking for new lows after a successful breakout at daily pivot point level of 138.88. Also, we can expect a test of the support level at 137.73. Our current bearish outlook in an intraday basis is supported by the current position of EURJPY at H1 chart, which is trading below the 200 […]

The GBP/USD moved upwards nicely last week – a movement of 350 pips. Since June 8, 2015, the price has moved upwards by 650 pips. The distribution territory at 1.5900 is now being threatened and it could be slashed to the upside, as bulls target another distribution territory at 1.5950. However, the pair could reverse […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD first consolidated last week; then it broke upwards, closing above the support line at 1.1300. The bias is still bullish and price could test the resistance lines at 1.1450 and 1.1500. Failure to do this could lead to a drop in the price, […]

“ What are the best time zones to trade forex?” Great question Matty and it couldn’t have come at a better time. My name is Kiana Danial with Invest Diva and I’m gonna show you the currency pair’s psychology in different times of the day, on the forex dance floor. Unlike any other charted market, the forex […]

AUDUSD gained some positions during this week, as the pair is currently trading above the 200 SMA at H1 chart. The next target in the upside is located around the 0.7862 level, which could be tested very soon and as long as the Aussie stays below that moving average mentioned above, we could expect a […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 7 “I appreciate the opportunity to manage money for others. A lot of people don’t enjoy it, but I do.” – Mike Melissinos Name: Sam Zell Date of Birth: September 27, 1941 Nationality: American Occupation: Business magnate, investor and philanthropist Website: www.egizell.com Career Sam’s parents were […]

In spite of the struggles of the bulls, the USD/JPY is still bearish in the short-term. The only factor that can render the bearish trend useless is an event in which the price goes above the supply level at 125.00; otherwise the bearish outlook would be valid for most part of this week. EUR/USD: There […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is still in a bullish mode in spite of the effort of bears to pull price down. There are support lines at 1.1100 and 1.1050 and a downside breach of the support lines would result in a new bearish outlook. There are […]

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NZDUSD is currently touching new lows below the 0.7100 level, as the pair reacted negatively to the Reserve Bank of New Zealand’s decision to cut the rates to 3.25%. The official cash rate from the RBNZ was 3.5%, but the current decision to cut the interest rates kept open the doors to ease the monetary […]