Foreign Exchange

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 […]

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 […]