Apr 21 2014 @ 20:39
The NZDUSD remains very strong in the current bearish trend. The Kiwi has found resistance at the pivot point level of 0.8575, so it is very likely that this paica Gaiga to support level of 0.8550. If the NZDUSD manages to make a breakout at that level, the next target would be the support level […]
Apr 20 2014 @ 22:07
The USDCHF has already generated a bullish signal: the price would easily test the resistance level at 0.8850. EUR/USD: It is still safe to call this pair a bull market. As long as the price is above the support line at 1.3800, the bullish outlook is valid. Any movement below that support line would mean […]
Apr 18 2014 @ 03:16
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This market has been moving sideways for days without going in a directional move. However, the bullish bias is still valid because the price has been able to stay above the strong support line at 1.3800. Any movement below that support line could mean […]
Apr 17 2014 @ 02:55
“It is not so important to be right, but how to make money when you are right.” – Ivan Hoff I remember what happened at one interesting trading conference I attended about 5 months ago. It was an interesting conference indeed. At one stage, the moderator showed us a EURUSD chart (whose dominant trend was […]
Apr 17 2014 @ 00:01
The EUR/GBP continues to fall below the 200 SMA, in an effort to consolidate the current bearish bias. This pair is forming a bearish pattern below the pivot point level of 0.8236. Now the EUR/GBP aims at support level of 0.8206. If the pair manages to make a breakout at that level, would be expected […]
Apr 15 2014 @ 17:45
The AUD/USD began this week with a strong bearish bias. The aussie is trying to make a bullish rebound on the 200-day moving average, which is close to the support level of 0.9339. If the AUD/USD manages to make a breakout to the pivot point of 0.9373 level, it’s expected to rise to the level […]
Apr 14 2014 @ 21:19
The EU/RJPY is stable above the support level of 140.41. This pair is moving in a low range below the 200 SMA. However, the bearish outlook remains alive while the EUR/JPY remains below the pivot point at the level of 140.75. If this pair makes a breakout at that level, the next target would be […]
Apr 13 2014 @ 17:11
The USD/CHF is weak and it is currently challenging the support level at 0.8750. Once the support level has been overcome, the price would go to the next target at 0.8700. EUR/USD: This currency trading instrument closed at 1.3884 on Friday, April 11, 2014. It closed on a bullish note, which means that the price […]
Apr 11 2014 @ 02:21
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair rejected the recent southward pull on it, trended upwards and resulted in a confirmed bullish bias. From the support line at 1.3700, this market has moved upwards and it could test the resistance line at 1.3950. Testing the resistance line at 1.4000 […]
Apr 11 2014 @ 00:03
The kiwi has fallen to the 200 day moving average after published fundamental news in New Zealand that negatively affected this currency. The NZD/USD is trying to find support on the 200 SMA with the formation of a bearish pattern near to the support level of 0.8634. If the pair manages to make a breakout […]
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