Foreign Exchange

The NZDUSD began the day with a negative tone below the daily pivot point of 0.7727 level, so this pair could fall to 0.7677 support. Our hypothesis is based on the fact that the Kiwi found dynamic resistance at the 200 SMA in the H1 chart. Moreover, in this area is already located the resistance […]

The AUDUSD is trying to form a bearish pattern below the daily pivot point level of 0.8171 at the H1 chart. However, the Aussie could be setting the stage for a bullish rebound on the 200-day moving average, which serve as dynamic support in the AUDUSD. However, this could invalidate if the AUDUSD does a […]

EURUSD = Buy EURCAD = Buy EURAUD = Buy EURNZD = Buy EURJPY = Buy EURCHF = Buy EURGBP = 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 USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD assumed its southward journey on January 2, 2015, going further and further south in the following week. Price went below the support line at 1.1800, and then consolidated until the end of the week. There is now a slight rally, which could portend […]

“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About 4 years ago, Mr. Geoffrey* came to me and said he wanted to learn […]

The EURJPY has found solid support at the level of 140.61, which is below the daily pivot point level of 141.14, as we can see it at the H1 chart. Now this pair is trying to gain positions to the resistance level of 141.71. If the EURJPY manages to make a breakout in that area, […]

The EURGBP continues to find dynamic resistance at the 200-day moving average in the H1 chart, which coincides with the daily pivot point of 0.7824 level. This pair continues to try to form a bullish pattern to climb to the resistance level of 0.7849, despite that fact that the EURGBP would have to make a […]

GOLD (XAUUSD) Long-term Bias: Bearish Gold trended lower last year – just as it did in the year 2013. From January 2014 to early March of the same year, price moved upwards significantly, topping at 1391.97. Since then, further rally was rejected and price began to come down, although the bulls made desperate effort to […]

The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart. EUR/USD: The EUR/USD trended downwards […]