Foreign Exchange

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. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is now in an uptrend, though the movement is tardy and shaky. The price has been very volatile as the bulls and the bears fight for control. As a result of the Bullish Confirmation Pattern in the market, it is more likely […]

“Being profitable in the long run with trading, and all investing for that matter, is about cutting losses and letting profits run. Although it’s a hearsay thing of ages, statistical expectancy actually proofs the saying mathematical. It’s not about being right or wrong but handling both profits and losses well.” – Dirk Vandycke Whether you’re […]

The NZDUSD has had a bullish momentum above the daily pivot point level of 0.8719. Now the Kiwi is trying to make a breakout on the resistance level of 0.8769. If successful, it is expected to rise to the level of 0.8796. On the other hand, is expected to fall to the level of 0.8716 […]

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 […]

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 […]

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 […]

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 […]