Foreign Exchange

The EURGBP has found resistance in the 0.7825 level, so this pair is consolidating below the daily pivot point level of 0.8712. The next goal on the downside for the EURGBP is the support level of 0.7795. If this pair manages to make a breakout in that level the next objective would be 0.7782 level. […]

Instrument: AUDJPY Order: Buy Entry date: September 29, 2014 Entry price: 95.417 Stop loss: 94.406 Take profit: 97.407 Instrument: AUDUSD Order: Buy Entry date: September 29, 2014 Entry price: 0.87171 Stop loss: 0.86163 Take profit: 0.89162 Instrument: EURAUD Order: Sell Entry date: September 29, 2014 Entry price: 1.45547 Stop loss: 1.46559 Take profit: 1.43561 Instrument: […]

After some hesitation, the USD/CHF was able to go upwards, breaking the support level at 0.9500 to the upside. With further northward movement, the pair may reach the resistance level at 0.9550. That is the first target for the week. EUR/USD: This currency trading instrument closed at 1.2683 on Friday, September 26, 2014; on a […]

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GOLD (XAUUSD) Dominant Bias: Bearish This market became bearish in July 2014, and since then the price has dived by over 1300 points. The bias is still very bearish – characterized by great volatility in the market. This shows that there is a serious struggle between the bull and the bear. The price has tested […]

The AUDUSD continues to strengthen the bearish trend below in the resistance level of 0.8873. Now, the AUDUSD is trying to form a lower low pattern above the support level of 0.8763. If the AUDUSD takes a rebound at current levels, it would be expected to rise to the resistance level of 0.8873, which remains […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The bearish journey of this pair has continued unabated; in a slow and steady manner. In the past several weeks, the market has been breaking one support line after the other and it is currently trading below the resistance line at 1.2800. Further bearish […]

The EURJPY is finding support at the 139.58 level, where the pair is trying to make a bullish rebound. Now, the EURJPY is trying to make a breakout in the daily pivot point level of 139.89, to try to climb up to the resistance level of 140.14. If the pair manages to make a breakout […]

The EUR/USD pair is still trending downwards. On Friday, September 19, 2014, the price closed at 1.2829, on a bearish note. It is possible that the price would test the support line at 1.2800 very soon. EUR/USD: The EUR/USD pair is still trending downwards. On Friday, September 19, 2014, the price closed at 1.2829, on […]

The NZDUSD this moving in range below the 200-day moving average in the H1 Chart. This pair is trying to consolidate below the daily pivot point level of 0.8128, to fall to the support level of 0.8101. If the NZDUSD manages to make a breakout at that level, would be expected to fall until the […]