Foreign Exchange

Here’s the market outlook for the year 2015: EURUSD Long-term trend: Bearish This pair trended southward for most of last year. In May 2014, price topped at 1.3993 and since then, it started moving south (a movement of around 1890 pips). Last year, price closed at the low of 1.2101, challenging the support line at […]

The NZDUSD has had considerable falls below the resistance level of 0.7861 and the daily pivot point of 0.7816 level. For now, the Kiwi is adamant the current bullish bias, as this pair is above the 200-day moving average. Therefore, the next target would be the support level of 0.7783, where is located the 200 […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 58 “The markets don’t care about your background, your gender or your age. It’s one of the only platforms in the world that offers you a limitless stage to refine your art.” – Louise Bedford Victoria Grimsley is a dancer, singer and actress in Loss Angeles, […]

NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = 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 […]

The AUDUSD is trying to continue the development of the overall bearish trend, as this pair made a pullback in the 200-day moving average of H1 chart. For now, the Aussie is consolidating below the daily pivot point  level of 0.8341, so the next target in the short term would be the support level of […]

The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged. EUR/USD: This market […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD trended downwards last week, closing below the resistance line at 1.2200. Since the recent bullish attempt was rejected at the resistance line of 1.2550, price has dived by over 360 pips, resulting in a very strong Bearish Confirmation Pattern in the market. The […]

“Greed is one of the cardinal sins in trading.” – Maite Krausse Janet Yellen assumed office on February 3, 2014, as chairwoman of the Federal Reserve (the central bank of the US). Going back to the topic above, this isn’t to say that Janet will take control of your portfolio and ruin it. However, the […]

USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = 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 EURJPY is trying to stay above the 200-day moving average on the H1 chart, but it seems that the bears are taking control of the current trend of this pair. Now the EURJPY is forming a lower low pattern above the support level of 146.48, where the pair is trying to erase the gains […]