Nov 09 2014 @ 17:02
The USD/JPY tested the supply level at 115.50 several times, but it was unable to break it to the upside. There is an existing bearish pullback in the market, which could be challenged at the demand level of 113.50. Any movement below that demand level may put the bullish outlook in a precarious situation. EUR/USD: […]
Nov 09 2014 @ 14:49
The EURGBP continues to move in range below the resistance level of 0.7851 and the 200 SMA. The EURGBP could conduct a retracement to the 0.7825 level daily pivot point. However, the EURGBP is following a bullish trend line on the H1 chart, so the EURGBP could have enough strength for a breakout in the […]
Nov 08 2014 @ 03:05
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The outlook on the EURUSD remains bearish as the market dropped below the support line at 1.2400. Since then, the market has bounced upwards a little, closing almost above 1.2450. While the price could hit the support line at 1.2400 again, it is now […]
Nov 06 2014 @ 17:37
The AUDUSD continues to strengthen the bearish trend below the 200 day moving average and below the resistance level of 0.8863. This pair is forming a lower low pattern to fall to the support level of 0.8849. If the pair manages to make a breakout at the support level, it is expected to fall to […]
Nov 06 2014 @ 02:36
“After placing the orders, we leave the rest to the market forces.” – Sam Evans Good traders make a new trade regardless of the outcome of the last trade. However, rookies often allow irrational emotions to guide their actions when they are making trading decisions. Why are some traders always frustrated while others play the […]
Nov 04 2014 @ 16:59
The EURJPY continued making a bullish consolidation above the daily pivot point level of 142.77 on the H1 chart. At current levels, there is a high concentration of bearish force that has impeded progress in the short term EURJPY. However, we must emphasize that this pair is very overbought at this chart, so the EURJPY […]
Nov 03 2014 @ 17:58
GOLD (XAUUSD) Dominant Bias: Bearish Gold is a weak market, and it is not advisable to seek long trades in this market, unless everything has gone completely bullish. The market dropped heavily last week, reaching as low as the demand level of 1161.20. There is a strong Bearish Confirmation Pattern in the market and the […]
Nov 02 2014 @ 16:33
The USD/JPY closed at 112.35 on Friday, October 31, 2014. The pair closed on a bullish note, having trended upwards by around 440 pips last week. This is a very strong northward journey that could continue this week. However, the possibility of some transitory pullbacks cannot be ruled out. EUR/USD: This is a bear market, […]
Nov 02 2014 @ 16:32
The NZDUSD met with strong resistance at the 0.7865 level, where it is pair has formed two fractals. In the H1 chart, the NZDUSD is forming a bearish pattern for a breakout in the support level of 0.7786 and fall to the level of 0.7729. However, while this pair is still holding strong bearish bias […]
Nov 02 2014 @ 16:27
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market, which continued its bearish trend last week. The bearish trend is expected to continue this week as well, although the possibilities of transitory rallies cannot be ruled out. The support line at 1.2500 has been tested and it would […]
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