Foreign Exchange

LEARN FROM THE GENERALS OF THE MARKETS – PART 57 “You have to respect the stock market. If you don‘t, you‘re going to get wiped out.” Leon G. Cooperman was born in April 25, 1943, in New York, USA. He was born to Jewish parents who immigrated to the US. He’s an astute American trader […]

GOLD (XAUUSD) Dominant Bias: Bearish The long-term bias on Gold is bearish, but the medium-term bias is bullish. Even the medium-term bullish bias has been put in a precarious condition, because price has been trending downwards this week. Any movement below the support level at 1187.00 would make it illogical to seek long trades, while […]

Cable made some effort to go bullish last week. Price went upwards in a slow and steady manner and then moved sideways, closing at 1.5715 on Friday, December 12, 2014. Price may go further upwards towards the distribution territory at 1.5800, provided that Greenback continues its current weakness. EUR/USD: This pair has been making serious […]

The NZDUSD is trying to find dynamic support on the 200-day moving average on the H1 chart. Now the NZDUSD is attempting a breakout in the support level of 0.7744 to fall to the level of 0.7708. However, the Kiwi could conduct a rebound on the 200 SMA and climb to the daily pivot point […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This market moved upwards by over 210 pips this week, after testing the support line at 1.2250. All indication points to the fact that short trades are no longer logical in the near-term. It is possible that the bears would gain control again before […]

“Active trading requires increased mental capacity. But your IQ doesn’t need to break the bank. You can increase your mental capacity through practice.” – Joe Ross Traders often check the markets to look for trading opportunities. When a discipline trader fails to find a good setup in a market, she/he mayn’t trade or look for […]

GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = 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 EURGBP made a rebound on the support level of 0.7845, so this pair is performing corrective Movements in favor of the current bearish bias. Now the EURGBP is finding resistance at the daily pivot point of 0.7870 level, so this pair could make a pullback in that area and fall back to the level […]

Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength. EUR/USD: This pair […]

The AUDUSD has started the week with a bearish gap below the daily pivot point of 0.8341 level, which could serve as a strong resistance zone in this pair. Now the AUDUSD try to reach that level to fill the gap, but the bearish bias still remains strong in the Aussie, which is likely to […]