Foreign Exchange

The NZDUSD found strong resistance in 0.8314 level, so now this pair is trying to form a bearish pattern below the daily pivot point level of 0.8287. If the NZDUSD manages to make a breakout at the support level of 0.8263, the next objective is the 0.8247 level, what would be a bearish consolidation in […]

The strength in the USD/CHF has continued, although there was a shallow bearish retracement in the chart on Friday, September 5, 2014. The price closed at 0.9310, and it is expected that it may go further upwards this week. EUR/USD: The EUR/USD trended southward in a significant mode last week. This trend has a high […]

The EURGBP opened the week with a bullish gap above the 200- day moving average, so this pair could begin to fall in the next few hours. The EURGBP could perform a retracement to the daily pivot point level of 0.7936, which is below 200- day mobile average. If the EURGBP manages to make a […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The sudden weakness in the EUR has caused this pair to tumble. The pair was already bearish when this happened (it has been bearish since June 2014). On Thursday, September 4, 2014, the pair fell further by over 200 pips. In fact, all other […]

“Our mind is our enemy.” – Tom Hougaard Our mind is really our foe, especially when we find it extremely difficult to do what are in our best interest. Doing the right things tends to make us uncomfortable initially, unless we train our mind to adapt to doing the right things until they become our […]

Instrument: AUDJPY Order: Buy Entry date: September 3, 2014 Entry price: 97.682 Stop loss: 96.669 Take profit: 97.869 Instrument: AUDUSD Order: Buy Entry date: September 3, 2014 Entry price: 0.93063 Stop loss: 0.92036 Take profit: 0.93238 Instrument: EURAUD Order: Sell Entry date: September 3, 2014 Entry price: 1.41126 Stop loss: 1.42176 Take profit: 1.40974 Instrument: […]

The AUDUSD is moving in a range below the resistance level of 0.9292, by what this pair could fall up to the support level of 0.9249. This pair is trying to form a bearish pattern for strengthening the current bearish trend. If the AUDUSD manages to make a breakout 0.9224 level, would be expected to […]

The EURJPY is finding resistance in the 200-day moving average in the H1 chart. This pair is consolidating above the daily pivot point level of 136.89, so that the next objective in the bullish road would be the resistance level of 137.13. On the other hand, if the EURJPY manages to make a breakout at […]

The USD/CHF has been able to stay above the support level at 0.9150. In fact, the price is now trading upwards, going towards the resistance level at 0.9200. That is the target for this week. EUR/USD: With the clean Bearish Confirmation Pattern in the market, this pair has the potential to move further southward. One […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair is still currently bearish, but it is forming a base. A base is a kind of consolidation that precedes a breakout. With more weakness in the Euro, the price could reach the support lines at 1.3100 and 1.3050. Meanwhile, any rallies along […]