Foreign Exchange

“If I tell you how I would manage that [$100,000,000] now, I would no longer have a competitive edge.” – Perry Kaufman No matter what your trading results have been in the past, trading remains one of the best ways to the ultimate attainment of financial freedom. During the recent global credit crunch, many people […]

The NZD/USD remains very strong in the bearish bias, so it is very likely that this pair continue making bearish movements. The Kiwi is trying to make a breakout to the pivot point level of 0.8625. If successful, it is expected to fall to the support level of 0.8609. However, the NZD/USD continues within a […]

Instrument: USDJPY Order: Sell Entry date: May 12, 2014 Entry price: 102.172 Stop loss: 101.179 Take profit: 100.178 Instrument: AUDJPY Order: Sell Entry date: May 12, 2014 Entry price: 95.640 Stop loss: 96.652 Take profit: 93.652 Instrument: CADJPY Order: Sell Entry date: May 12, 2014 Entry price: 93.765 Stop loss: 94.779 Take profit: 91.779 Instrument: […]

From a low of 0.8702, the USD/CHF shot upwards significantly. The pair trended upwards by over 160 pips within 2 days. This is the strongest upward move since early April 2014. EUR/USD: As a result of exponential weakness in the Euro, this currency trading instrument has formed a Bearish Confirmation Pattern and the price is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The dominant bullish bias still exists in this market, but it is seriously under threat. The price attempt to reach the resistance line at 1.4000 failed, and the price got corrected significantly. Should price test the support line at 1.3800 or cross it to […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 48 “I’d never work for anyone else again. Plus, I love what I do.” – Dr. Van. K. Tharp (Trading specialist) Leda Braga, a female trader, is one of the highest paid funds mangers in the world. Holding a PhD in engineering, she’s the president of […]

The EUR/GBP has moved sideways in the past hours. This pair is trying to stay below the 200 day moving average, but the EUR/GBP is trying to find on the pivot point support level of 0.8203. If successful, it is expected to rise to the resistance level of 0.8213. However, if the pair manages to […]

The AUD/USD is very strong in the current bullish trend, so this pair is expected to continue to make bullish for the rest of the week movements. The aussie is forming a bullish pattern above the pivot point level of 0.9329. The next target for this pair is the resistance level of 0.9388. If AUD/USD […]

The EURJPY is making a bearish rebound in 200 SMA. This pair is making a corrective movement in its current bearish trend, so it is very likely that the EURJPY consolidate below the pivot point level of 141.61. If the pair manages to make a breakout in the support level of 141.38, the next target […]

Instrument: USDJPY Order: Buy Entry date: May 5, 2014 Entry price: 102.153 Stop loss: 101.132 Take profit: 104.132 Instrument: AUDJPY Order: Buy Entry date: May 5, 2014 Entry price: 94.746 Stop loss: 93.709 Take profit: 96.709 Instrument: CADJPY Order: Buy Entry date: May 5, 2014 Entry price: 93.264 Stop loss: 92.224 Take profit: 95.224 Instrument: […]