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 […]
Jun 12 2014 @ 01:48
LEARN FROM THE GENERALS OF THE MARKETS – PART 49 “Over the years I have benefitted from many traders (alive and dead), investors and professionals.” – Alan Saunders Born in January 19, 1944, in Newton, Massachusetts, USA. Peter Lynch is considered to be one of the greatest investors around. He studied at Boston College (1965) […]
Jun 12 2014 @ 01:02
This pair has consolidated in bearish trend and below the 200 day moving average, so the EUR/JPY is in a strong bearish momentum. For now, the EUR/JPY is trying to form a bullish pattern below the pivot point level of 138.19. If the pair manages to make a breakout at that level, the next target […]
Jun 09 2014 @ 19:16
The EURGBP has dropped below the pivot point level of 0.8099. This pair has been very strong in the current bearish trend below the 200 day moving average, so the next target is the support level of 0.8076. If the EURGBP manages to make a breakout at that level would be expected to fall to […]
Jun 08 2014 @ 20:41
The AUD/USD continues to strengthen the bullish trend above the 200 SMA. The Aussie is trying to consolidate above the pivot point level of 0.9336, so the next target would be the resistance level of 0.9355. If the pair manages to make a breakout at that level, the next target would be the level of […]