Foreign Exchange

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 […]

Instrument: USDJPY Order: Sell Entry date: September 19, 2014 Entry price: 108.795 Stop loss: 109.811 Take profit: 106.811 Instrument: AUDJPY Order: Sell Entry date: September 19, 2014 Entry price: 97.615 Stop loss: 98.653 Take profit: 95.654 Instrument: CADJPY Order: Sell Entry date: September 19, 2014 Entry price: 99.243 Stop loss: 100.261 Take profit: 97.259 Instrument: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The bias on the EURUSD is still very bearish irrespective of the shallow rally the market is currently experiencing. In this market, rallies have proffered opportunities to sell short in the context of a downtrend. The continuation of the bearish bias may force the […]

The EURGBP has been strongly consolidated below 200-day moving average and the daily pivot point. Now, this pair is trying to form a lower low pattern below the resistance level of 0.7881. If the EURGBP manages to make a breakout at the support level of 0.7821, expected to fall to the level of 0.7790. For […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards in a significant mode since the middle of July 2014. From the supply level at 1344.80, the price has tested the demand level at 1225.50. This is a downward movement of close to 2000 points. The weakness in the market remains valid and the price […]

The EUR/JPY continues to be strong as a result of the weakness in the Yen and further bullish determination in the Euro. The Bullish Confirmation Pattern in the market is very conspicuous and one supply zone after the other has been breached. Right now, the price is moving above the demand zone at 139.00, going […]

The AUDUSD continues to strengthen the bearish trend below the 200 SMA on the H1 chart. This pair is trying to find support at 0.9270 level, though the AUDUSD could be forming a lower low pattern to fall to the support level of 0.9249, which is below the daily pivot point level of 0.9292. The […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The EURUSD has been consolidating recently – neither going upwards nor downwards significantly. A breakout is expected very soon, which may likely be in the direction of the dominant bias. This southward break may take the price towards the resistance levels at 1.2850 and […]