Foreign Exchange

“Markets are simply the markets. They move up, down and sideways with or without you. I don’t believe they are out to get you or give you anything. They just do what they like. Your job, if you want to succeed, is to assess conditions and align with trends.” – Mike Melissinos Why trade? Have […]

We have been watching a bullish consolidation on the EURUSD above the 200 SMA at H1 chart, and it would be expected to rise until the 1.1282 level. The price action now is calling to a short term bottom possibly found at the daily pivot point level of 1.1208. If EURUSD does a breakout on […]

I chose a bad weekend to miss my update last week! A lot has happened in the bitcoin financial space over the past two weeks, but I’ll do my best to cover the biggest news items. Price news The bitcoin price rallied well over the past two weeks thanks to the string of good news […]

EURUSD = Sell EURCAD = Sell EURAUD = Sell EURNZD = Sell EURJPY = Sell EURCHF = Sell EURGBP = Sell 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 […]

This week, the event on the EUR/JPY cross would largely be determined by the strength in the EUR itself. Should EUR continue to maintain its stamina, the cross would continue its bullish journey, testing the supply zones at 136.00 and 136.50. Any significant weakness in the EUR would cause the cross to plummet. EUR/USD: This […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair made further bullish attempt last week, though the bears are trying hard to frustrate the attempts. The price is now above the support line at 1.1150. There are other support lines at 1.1100 and 1.1050, which should act in support of the […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 4 “It is easier to make money if you start with a good mentor: but mentors that make millions on their own and still accept to teach are really few in the industry.” – Dr. Emilio Tomasini Name: Martin Zweig Date of Birth: July 2, 1942, […]

AUD/USD Daily: Dives back inside Ichimoku. Australia Cuts Rates 0.25% After this video was filmed. It’s Golden Week in Japan and my Mr. Japanese Yen is taking a rest on the forex dance floor. So I thought I’d also dance to the beat of May holidays and deliver this week’s video from the beach that loves to play. […]

EURJPY is finding a way to ride the current bullish bias in the short term, as the pair remains trading above the 200 SMA. Currently, we could expect a price action formation in favor of this outlook, as the EURJPY could find a strong support at the 133.48 level. If the pair does a breakout […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been a highly volatile market, with upswings alternated by downswings. In spite of this high volatility, the bias remains bearish and the price has a high probability of going further south, reaching the support levels at 1160.00 and 1150.00 this month. However, this would not happen without visible […]