Jun 24 2014 @ 21:55
The EURJPY is trying to make a bullish rebound above the 200 SMA, which is located below the pivot point level of 138.68. If the pair manages to make a breakout in the support level of 138.46, the next target would be the level of 138.21, which would begin a strong bearish trend. On the […]
Jun 23 2014 @ 19:17
GOLD (XAUUSD) Dominant Bias: Bullish Gold has bottomed at 1240.50 because it has moved from there upwards, testing the supply zone at 1321.50. This is an upward move of over 7600 points in a few weeks. The price may go further upwards; but as it is normally expected, it may first pull back (either in […]
Jun 22 2014 @ 22:14
On Friday, June 20, 2014, the EUR/JPY cross closed at 138.81on a bullish note. The bullish signal is valid and the movement above the demand level at 138.50 supports the possibility of the price going higher. EUR/USD: This pair was able to generate a ‘buy’ signal last week. But there is now a dip in […]
Jun 22 2014 @ 21:26
The EURGBP is strengthening the current bearish trend, because this pair has consolidated below the 200 SMA. Now, the EURGBP is trying to stay below the pivot point level of 0.7985, so the next target would be the support level of 0.7974. If the pair manages to make a breakout at that level would be […]
Jun 20 2014 @ 03:55
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Within the last few weeks, the EUR/USD broke below the support line at 1.3550, but it was unable to stay below it. Eventually, the price rose seriously, closing above the support line at 1.3600. This price action has resulted in a Bullish Confirmation Pattern, […]
Jun 19 2014 @ 03:57
“I knew that it was a golden opportunity and that I had screwed it up. I swore to learn everything I could to achieve complete mastery in this field [trading].” There are crucial factors that contribute to the trader’s permanent success in the markets. You probably know some of them; but the one which is […]
Jun 18 2014 @ 01:41
The AUD/USD remains below the 200 SMA, towards the support level of 0.9309. Now, the Aussie is trying to make a breakout at the support level. If successful, it is expected to fall to the level of 0.9283, which would be a bearish consolidation. However, if the AUD/USD manages to make a breakout in the […]
Jun 17 2014 @ 00:42
The NZD/USD is in a bullish consolidation area below the daily pivot point. The Kiwi is finding support at the 0.8659 level, so a breakout at that level, the NZD/USD could lead to fall to the level of 0.8640. If the pair manages to make a breakout in the daily pivot point level of 0.8680, […]
Jun 15 2014 @ 18:11
As it was normally expected, there has been a shallow pullback on the Cable. But the price may go further higher to breach the distribution territory at 1.7000 to the upside. EUR/USD: In spite of some vivid attempts by the bulls to push the price upwards, the price remains bearish. On Friday, June 13, 2014, […]
Jun 13 2014 @ 03:14
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish In a slow and tardy manner, this pair has been trending downwards. The movement is tardy because consolidation phases can be perceived in the market; yet it can also be clearly seen that the bears dominate the market. There is a shallow rally at […]
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