Foreign Exchange

EURUSD = Sell EURCAD = Sell EURAUD = Sell EURNZD = Sell EURJPY = Sell EURCHF = Sell EURGBP = 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 USD/JPY went upwards last week, following a bearish run that made it go below the demand level at 116.00. The price was unable to stay below the demand level at 116.00 – as it rose steeply above the demand level at 119.00. This market could continue its upwards movement and as a result of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair tested the resistance line at 1.2550 before further upward movement was rejected. From that resistance line, price went down by over 300 pips, closing below the resistance line at 1.2250. This has resulted in a strong Bearish Confirmation Pattern in the market […]

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 […]