Foreign Exchange

The pair found strong resistance around the zone of 0.7708 and now it’s trading below the daily pivot point level of 0.7674. Currently, NZDUSD is trying to reach the support level of 0.7626 in the short term and if breaks it, we could expect a fall until the 200 SMA, which is located around the […]

The Cable skyrocketed by 450 pips last week, rising from the accumulation territory at 1.4600 and testing the distribution territory at 1.5050. In spite of the shallow southward correction in the market, the outlook for the Cable this week is bright. The distribution territory at 1.5050 would be tested again and get breached to the […]

Price news The bitcoin price has fallen for yet another week, with little expected good news on the horizon. It’s also been a fairly quiet week on the financial news front, with few stories to select from for the roundup. Seven-day average price: $222.87 End of week market cap: $3.2 billion (Prices quoted according to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair moved upwards by over 260 pips last week. The bullish journey began at the support line of 1.0550, and price is now above the support line at 1.0800. The next targets for the bulls are located at the resistance lines of 1.0900 […]

The EURUSD is currently doing a pullback at the resistance level of 1.0733, which is above the 200 SMA. At H1 chart we can see a bullish short term structure developing and looking to consolidate in this bias at short or medium term. Any pullback could go until only the daily pivot point level of […]

Some of those who’ve been following my signals might wonder how they can best trade those signals. It might be recommended that certain pairs, like EUR pairs or NZD pairs, be bought or sold on a particular day. Normally, you’re not expected to follow the signals blindly. You need to use your technical analysis to […]

  A continuation of our overviews this week, today I’m looking at Canada’s economy and its effect on the Canadian Dollar which is known as the Loonie in the forex geek world. Bank of Canada is about to pop their third rate decision on the year on Wednesday and the Loonie could go head to head […]

EURGBP is showing a solid bearish structure at H1 chart, because the pair is trading below the 200 SMA and daily pivot point level of 0.7221. Also, the pair achieved in get outside from the bearish range below the resistance level of 0.7247 and now it’s looking towards the support zone of 0.7174. The RSI […]

Price news Following its failure to break the $300 barrier, the bitcoin price is continuing to slump, with murmurs building in the community of yet lower prices ahead. Seven-day average price: $243.13 End of week market cap: $3.2 billion (Prices quoted according to Coindesk Bitcoin Price Index) BNY Mellon Testing Blockchain Technology Headed by CIO, […]

The EUR/JPY plunged by roughly 350 pips last week, as forecasted. The price reached a high of 131.29 and a low of 127.20. The outlook for this week is also bearish, as long as the EUR is weak. The next targets for the bears are located at the demand levels at 127.00 and 126.50. EUR/USD: […]