Foreign Exchange

The EURGBP is trying to strengthen the bullish trend in the H1 Chart above the 200-day moving average. EURGBP is finding strong resistance at the level of 0.8029. But it is likely that this pair make a retracement to the support level of 0.8002, due to that the EURGBP is currently forming a bullish pattern. […]

Rather than going upwards, the USD/CHF broke below the resistance level at 0.9050. This has resulted in a clean ‘sell’ signal, and a movement below the support level at 0.9000 would mean the total end of the bullish bias. EUR/USD: Since the strong support line at 1.3350 was tested several times last week, and the […]

Instrument: XAUUSD Order: Buy Entry date: August 15, 2014 Entry price: 1313.73 Stop loss: 1293.32 Take profit: 1373.32 Instrument: XAGUSD Order: Buy Entry date: August 15, 2014 Entry price: 19.9263 Stop loss: 19.7083 Take profit: 20.5083 NB: 2% per trade is risked. All open trades are closed after the duration of the signals has expired. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has continued to be weak, though the southward movement has been limited so far. In fact, there is a constant struggle between the bull and the bear, which has resulted in a high volatility. The resistance line at 1.3400 has been battered […]

“Markets change continuously. Therefore, I am constantly searching for trading setups that may improve my trading.” – Christian Lukas One of the most important aspects of a strategy is its accuracy percentage. High accuracy is more preferable than low accuracy, although it must be coupled with positive expectancy. A trader whose strategy is only 25% […]

The AUDUSD remains above the daily pivot point level of 0.9263, where the pair is trying to remain stable, despite the AUDUSD is below the 200 SMA. If the Aussie manages to make a breakout on the resistance level of 0.9280, it is expected to rise to the level of 0.9291, where the 200 SMA […]

Instrument: EURJPY Order: Sell Entry date: August 11, 2014 Entry price: 136.885 Stop loss: 137.902 Take profit: 136.939 Instrument: EURAUD Order: Sell Entry date: August 11, 2014 Entry price: 1.44525 Stop loss: 1.45556 Take profit: 1.44537 Instrument: EURCAD Order: Sell Entry date: August 11, 2014 Entry price: 1.47040 Stop loss: 1.48070 Take profit: 1.45070 Instrument: […]

The EURJPY is finding dynamic resistance in the 200 SMA, where the pair is forming a lower high pattern. If the EURJPY manages to make a breakout on the resistance level of 137.26, the next target would be the 137.70 level, which would be a bullish intraday consolidation, because this pair has been solid in […]

The USD/CHF closed at 0.9055 on Friday (August 8, 2014). This pair is having a serious difficulty breaking the resistance level 0.9100 to the upside. In fact, the price has dropped by about 50 pips since the resistance level was challenged. EUR/USD: On this pair, there has been a rally in the context of a […]

The NZDUSD has fallen from the daily pivot point level of 0.8476 and now this pair is consolidating below resistance at 0.8455. The Kiwi remains strong in the bearish trend, since this pair is approaching the support level of 0.8433. If the NZDUSD manages to make a breakout at that level would be expected to […]