Foreign Exchange

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: […]

The Cable remains a bull market. The distribution territory at 1.6900 would soon be breached to the upside. EUR/USD: This is a bull market in spite of the volatile movement that was experienced last Friday. The support lines at 1.3850 and 1.3800 would proffer some difficulties for the bears, especially when they try to push […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In order to generate optimal profits, some tact is required in handling the market. This is a bull market but the bias is not very strong. The tug of war between the bull and the bear has resulted in serious upswings and downswings in […]

“You’re battling your fear, your greed, your hope. All those human emotions are your challenge.” Forex trading is as rewarding as it’s challenging. For those who’ve mastered the art of trading, it’s an unlimited ATM machine. However, certain conditions must be met before the ATM machine can be unlocked. According to one writer, you don’t […]

In the last hours, the NZD/USD has been rising above the pivot point. The kiwi is trying to form a bullish pattern below the resistance level of 0.8565 to allow for a breakout at that level. If successful, the next target would be the resistance level of 0.8580, where the 200 SMA is located. Moreover, […]

EUR/GBP has tried to consolidate above the 200 day moving average in recent days. This pair is moving above the pivot point level of 0.8233, and now it is very likely that the EUR/GBP attempt to climb to the resistance level of 0.8250. If the pair manages to make a breakout at that level, the […]

The perpetual weakness on the USD/JPY has resulted in a ‘sell’ signal. This week, the price may reach the demand level at 101.50. EUR/USD: This market traded in a range last week, but the bulls are now gaining upper hands. The price is now showing some bullish determination, but the determination would be clearer when […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The overall bias on the EURUSD is neutral because the market has been in an equilibrium phase for about two weeks. While there is currently no directional bias on this pair, momentum would soon return to the market, which would cause a significant movement […]