Foreign Exchange

AUDJPY = Buy AUDUSD = Buy EURAUD = Sell AUDCAD = Buy AUDCHF = Buy GBPAUD = Sell AUDNZD = 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 […]

EURUSD = Buy EURCAD = Buy EURAUD = Buy EURNZD = Buy EURJPY = Buy EURCHF = Buy EURGBP = 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 is leaving the range between 0.7857 and 0.7817 levels in the H1 chart. The EURGBP made ​​a rebound on the 200 day moving average, which is very close to the daily pivot point level of 0.7838. Now, this pair could make a breakout at 0.7878 level so the next target would be the […]

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Last week, the Cable dropped by over 270 pips, going below the distribution territory at 1.6000, and closing at 1.5971 on Friday (October 3, 2014). The Bearish Confirmation Pattern is now very strong and the price could test the accumulation territory at 1.5900 this week. EUR/USD: This pair has continued to be weak, breaking the […]

The AUDUSD found dynamic resistance at the 200 SMA, and now this pair is forming a bearish pattern below the daily pivot point level of 0.8707. The next target for AUDUSD in the downside would be the support level of 0.8606. However, the AUDUSD could climb back to the resistance level of 0.8707. If the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The EUR is now one of the weakest currencies among the majors, while the USD is the strongest currency among the majors. Hence, the EURUSD dropped sharply again last week, dropping below the resistance line at 1.2550. Further downwards movement may cause the price […]

The EURJPY is consolidating above above the daily pivot point level of 137.31 being the next target the resistance level of 137.74. If the EURJPY manages to make a breakout at that level would be expected to rise to the level of 138.15, which would be an approximation to the 200 SMA on the other […]

With the high drama and emotion surrounding the Scottish Referendum now over, the British Pound too has recovered a measure of stability, particularly against the US dollar following its dramatic gap down the weekend of the rogue poll which suggested a win for Alex Salmond and the yes campaign. Since that weekend cable has managed […]

The NZDUSD continues to find strong support at the 0.7746 level on the H1 chart. The NZDUSD is consolidating above the support level of 0.7792, so that the next target would be the resistance level of 0.7845. If the NZDUSD hits a breakout at that level would be expected to rise to the level 0.7884, […]