Foreign Exchange

The USD/JPY has been able to maintain its recent bullish signal. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, this pair moved north by over 420 pips. Price moved above resistance lines at 1.1250 and later fell below it, closing just below the resistance line at 1.12000. While it is not impossible for EURUSD to reach the resistance lines at 1.1300 […]

“Trading success depends on your system, your relationship with yourself and your relationships with others. Your feelings drive all of these components. When I first started, I thought it was all about the system. How silly and naïve I was in those days.” – Mike Melissinos What do you think is the answer to the […]

NZDUSD = Sell NZDJPY = Sell NZDCAD = Sell NZDCHF = Sell EURNZD = Buy GBPNZD = Buy 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 US dollar has been trading softer on near-term strategies, but the longer-term view points to higher levels or consolidation. We call it Ms USA at Invest Diva and monitor her dance moves closely on the forex dance floor. But what are important pillars of the US economy that can have major impacts on the US […]

Price news A sharp ten dollar rally on Tuesday could not be sustained and the price still seems to be trending downwards. Seven-day average price: $229.29 End of week market cap: $3.1 billion (Prices quoted according to Coindesk Bitcoin Price Index) There was quite a few things happening in the exchange space this week: Exchange […]

AUDUSD is strong in the current bullish bias, as the pair is already consolidated above the 200 SMA in H1 chart. The current structure is favoring the bullish formations above the daily pivot point level of 0.7809 and the focus remains at the resistance zone of 0.7854 in the near term. In the other side, […]

The EUR/JPY first consolidated last week, but it broke upwards on April 23, 2015. The upward break has enabled a Bullish Confirmation Pattern to form in the market, and the price might reach the supply levels at 130.50 and 131.00. This outlook would be valid as long as the EUR does not sustain exponential weakness. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Within the first few trading days of the last week, this pair moved in a tight range. On April 23, there was a breakout in favor of the bulls, enabling price to go above the support line at 1.0850. It is possible for the […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 3 “I was born with a fierce need for independence.” – Michelle Williams Name: Michelle Williams Date of birth: September 9, 1980 Nationality: American Profession: Actress Career Michelle is a popular actress, just as her dad, Larry Williams is a popular trader. Although, she’s best known […]