Foreign Exchange

The EURGBP opened its current price below the moving average 200-day in the H1 chart. Now, this pair could perform a bullish retracement to the daily pivot point level of 0.7943. However, remember that the EURGBP remains solid in the current bearish bias, so the lens nearest the road would be the downside support level […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The major determinant of the direction of the EUR/USD (including most other USD pairs) is the USD itself. As a result of the weakness in the USD, the EUR/USD pair has been able to sustain its bullish attempts, which have been going on for […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 53 “You need to get comfortable with losing money, or you will never make money.” – Chris Tate Michael Marcus is a professional trader. He went to Johns Hopkins and studied Psychology at Clark University. He started speculating on the markets in the year 1972. His […]

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

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 AUDUSD is trying to establish itself back above the average of the 200-day  moving average on the H1 chart. The AUDUSD is trying to form a higher high pattern to try to reach the resistance level of 0.8821 in the short term, although the pair has formed a fractal above the moving average that […]

In spite of the bullish attempt that happened on it last week, the Cable is still in a bearish mode. The price is now below the distribution territory at 1.6100, going towards the accumulation territory at 1.6000. The price might touch the accumulation territory before there could be a potential upwards bounce in the market. […]

The EURJPY is consolidated in the outstretch bearish below the resistance level of 136.37 on the H1 chart. This pair has been in a straight drop for 2 days, where the EURJPY found strong resistance at the 200 SMA. If EURJPY does a breakout at the support level of 135.89, it would be expected to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Recently, this pair made some commendable effort to rally, but the Greenback is still very determined to continue showcasing its strength. The attempted rally in the market had almost invalidated the bearish outlook before the bears succeeded in pushing the price significantly south. The […]

The NZDUSD is forming a bullish pattern below the level of 0.7909 resistance on the H1 chart. On the upside, the NZDUSD could find resistance at the 0.7951 level. However, this pair could make a pullback at current levels and falling back to the daily pivot point level of 0.7867 where the 200 SMA is […]