Foreign Exchange

AUDCAD = Sell USDCAD = Sell EURCAD = Sell CADJPY = Buy CADCHF = Buy GBPCAD = Sell NZDCAD = 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 […]

GOLD: Since July 2014, Gold has been very weak. This market dropped seriously from the month of July 2014, testing the support level at 1182.94 in October 2014. Since then, the market has been making some serious attempts to go bullish. The market is thus bullish in the medium-term, but bearish in the near-term. The […]

The AUDUSD remains above the daily pivot point level of 0.8873, because this pair is forming a bullish pattern. The next target in the bullish trend for the AUDUSD is the resistance level of 0.8907, given that this pair remains above the moving average of 200. However, the AUDUSD may fall back to the support […]

On Friday, October 24, 2014, the USD/JPY closed above the demand level at 108.00; on a bullish note. There is a bullish signal in the market and the price may go upwards this week, reaching the supply level at 109.00. However, any possible pullbacks along the way may be contained at the demand level of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the current shallow rally is another opportunity to go short. This week, there is a possibility that the price would go south, reaching the support lines at 1.2600 and 1.2550 respectively. The resistance lines at 1.2750 and 1.2800 […]

The EURJPY had a strong bullish momentum above the 200 SMA on the H1 chart. Now this pair is consolidating above the daily pivot point level of 136.37, so the next target bullish road, would be the resistance level of 137.54. On the other hand, EURJPY may do a retracement to the level of 136.37, […]

“When you’re in love with a market, it shows…in your trading account.” – Old Trader It’s no longer news that Forex markets are full of opportunities. Sure, there are challenges, but once you learn what it takes to overcome those challenges and become consistently successful, then the opportunities in the markets would bring you rewards. […]

The NZDUSD has found strong resistance level 0.8014, which is above the daily pivot point. The NZDUSD would be making a bearish retracement could extend to the 200 day moving average located at the support level of 0.7925. However, in that area, the NZDUSD could go back up where is located the daily pivot point […]

GOLD (XAUUSD) Dominant Bias: Bullish As it was expected, the trend on Gold has turned bullish – with a Bullish Confirmation Pattern in the market. The recent bearish bias drove the price as low as the demand level at 1183.00. That demand level was tested vigorously before further downward plunge was rejected, and since then, […]

The EUR/USD has finally succeeded in going bullish. This has left a Bullish Confirmation Pattern in the chart, and the price is much more likely to go further upwards towards the resistance line at 1.2900. EUR/USD: The situation on the Greenback was the major determinant of the overall market directions last week. The EUR/USD has […]