Foreign Exchange

The USD/JPY moved sideways last week and it later broke upwards significantly as a result of the employment figures coming out of the US. The upwards break happened in the context of an uptrend and thus, further upward movement is possible this week. EUR/USD: The popular Non-Farm Employment Change and other employment figures coming out […]

EURUSD is trying to do another rebound above the 200 SMA at H1 chart, but the risk to the downside is still there. Currently, the pair is forming a lower low pattern below the daily pivot point level of 1.1147 and we could expect a test of the support around the 1.1015 level. In the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The popular Non-Farm Employment Change and other employment figures coming out of the US and Canada caused significant impact on the markets on June 5, 2015. The figures had positive effects on USD and CAD and therefore, other USD pairs and CAD pairs were […]

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AUDJPY = Buy AUDUSD = Buy EURAUD = Sell AUDCAD = Buy AUDCHF = Buy GBPAUD = Sell AUDNZD = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

The EUR/JPY experienced a nice bullish run last week, moving upwards from the demand zone at 133.50 and going far above the demand zone at 136.00. This movement of roughly 300 pips has resulted in a clear Bullish Confirmation Pattern in the chart, and this is a situation that could continue this week, for the […]

The bulls are still alive at H1 chart, but we don’t see yet a clear confirmation of a higher acceleration during this week on EURGBP. In our short term outlook, EURGBP is close to the resistance level of 0.7186 and if the pair achieves to break that zone, it would be expected to test the […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards recently, going below the supply level at 1199.00. The bias on the market is bearish, as efforts to push the price upwards have been invariably scuttled. Price consolidated for most part of the last week, and there could soon be a breakout to the upside […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped below the support line at 1.0850 last week, but it could not stay below that line. From there, price rallied by over 150 pips, testing the resistance line at 1.1000. The overall bias remains bearish and it would be so, unless price […]

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