Feb 25 2015 @ 19:10
You know how you can get pretty satisfied in your comfort zone (no matter how low it is) and just don’t feel like getting out of it? Moving is hard! Not only for humans (believe me, I experienced it once again yesterday and it’s no fun) but apparently also for most currencies on the forex dance floor. Particularly […]
Feb 25 2015 @ 16:07
AUDCAD = Sell USDCAD = Sell EURCAD = Sell CADJPY = Buy CADCHF = Buy GBPCAD = Sell NZDCAD = 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 […]
Feb 23 2015 @ 18:54
The EURUSD continues to trade lower, below the 200 SMA at H1 chart and the daily pivot point level of 1.1341. At the moment, we’re still following the bearish bias on this pair, because the price action is telling us, that the EURUSD is finding strong dynamic resistance on that moving average and also, the […]
Feb 22 2015 @ 17:18
The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this […]
Feb 21 2015 @ 03:34
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market is not currently favorable for swing trading, except intraday trading or scalping. This is because the market has not moved protractedly in a vivid direction for weeks. There is a support line at 1.1300 and a resistance line at 1.1450, and a […]
Feb 20 2015 @ 04:16
Chinese new year is right around the corner but we still have economic beats coming out of Asia. This might come as a surprise to many of our American followers, but when we talk about Asia, we don’t only mean China. Yeah I’m being a bit cynical. But we are looking for some dance moves […]
Feb 18 2015 @ 18:28
“But in the market any price is always history. It’s the price of the last transaction, holding no guarantee for even the nearest future.” – Dirk Vandycke What do you do when a good trading system, whose historical results have been satisfactory, gets into a losing streak? Good strategies lose now and then, and then […]
Feb 17 2015 @ 22:03
At the H1 chart, we can see the AUDUSD still bullish above the daily pivot point level of 0.7796. In the upside road, the closest target remains at the resistance level of 0.7849, but we should have in mind that the Aussie could do a retracement below the 200 SMA, probably until the support level […]
Feb 15 2015 @ 22:26
The EURJPY hasn’t found yet a solid support in the near term, but it’s expected to do it at the 200 SMA in H1 chart. That moving average coincides with the support level of 134.99. Now, the EURJPY is trading below the daily pivot point level of 135.50, which could be a strong resistance level. […]
Feb 15 2015 @ 16:55
The EUR/USD has been making commendable effort to go upward in the context of a downward bias. This effort has enabled the price to close above the support line at 1.1350 and a movement above the resistance line at 1.1500 would result in a clean Bullish Confirmation Pattern in the market. The outlook on the […]
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