Foreign Exchange

The NZDUSD is trying to settle above the daily pivot point level of 0.8749, so the next target is the resistance level of 0.8783. If the pair manages to make a breakout at that level would be expected to rise to the level of 0.8804, which would be a bullish consolidation on the H1 chart, […]

Instrument: USDJPY Order: Buy Entry date: July 7, 2014 Entry price: 101.880 Stop loss: 100.873 Take profit: 103.873 Instrument: AUDJPY Order: Buy Entry date: July 7, 2014 Entry price: 95.451 Stop loss: 94.428 Take profit: 97.426 Instrument: CADJPY Order: Buy Entry date: July 7, 2014 Entry price: 95.387 Stop loss: 94.368 Take profit: 97.368 Instrument: […]

The EURJPY is finding support on the 200 SMA and the daily pivot point level of 138.79 on the H1 chart. This pair might find resistance at the pivot point and fall to the support offered by the level of 138.50. If the EURJPY manages to make a breakout at that level, the next target […]

The Cable is still facing a big challenge around the price territory at 1.7150. However, the market is expected to go further upwards as a result of the strong northward bias on it. EUR/USD: As it was said in the last forecast, this pair has already assumed a new bearish bias, going downwards. Right now, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The recent bias on this pair was bullish, but everything has now gone bearish. It is no longer sensible to seek long trades on this pair because it has failed to break the resistance line at 1.3700 to the upside. In addition, the price […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 50 “I think one of the best ways to deal with the emotions of trading is to read books by other successful traders.” – Darrin Donnelly Eddie (Edward) Lampert was born on July 19, 1962, in New York, USA. He got inspiration to trade from his […]

The EURGBP has been very strong in the bearish bias in the last hours. This pair is consolidating below the daily pivot point level of 0.7984, so the next target is the support level of 0.7961. If the EURGBP manages to make a breakout at that level would be expected to fall to the level […]

Despite very mixed manufacturing PMI numbers across the Euro Zone this morning and no material sign of unemployment improving, EUR/USD is still determined to test the psychological 1.3700 level which has shown resilience on a couple of occasions so far this year. A wave completion in the coming days has the potential to take the […]

The AUDUSD has found resistance at the daily pivot point of 0.9424 and now the pair is trying to consolidate below that level, then fall to the support level of 0.9409. If the Aussie manages to make a breakout at that level, the next target would be the level of 0.9389, where the 200 SMA […]

Since the EUR is strong and the USD is weak, it is no wonder that the EUR/USD pair is making some commendable bullish efforts. Currently, the resistance line at 1.3650 is under siege. The price would break that resistance line to the upside. EUR/USD: This is a bull market, which should continue to be bullish. […]