Foreign Exchange

The AUD/USD has consolidated in bullish bias due to the positive reading of retail sales in Australia last month (1.2% vs 0.5%). Now, the aussie is forming a bullish pattern above the support level of 0.9008. The nearest resistance is located at 0.9032 level. If the pair manages to make a breakout at that level, […]

EUR/JPY remains above the 200 SMA on the H1 chart. In addition, this pair remains above the pivot point at the level of 140.08, but when it started the Asian session today, the EUR/JPY has been in a bearish intraday trend. If the pair manages to make a breakout to the pivot point, the next […]

The minor gaps that occurred on the JPY pairs at the beginning of this week mean that significant movements would soon occur on them. EUR/USD: The bias on the EUR/USD is bullish and the price has bounced off the EMA 56, which is acting as a barrier to a further southward movement. The resistance line […]

JPY Pairs Pullbacks Trading Signals (March 3 – 14, 2014) Instrument: AUDJPY Order: Sell Entry date: March 3, 2014 Entry price: 90.603 Stop loss: 91.619 Take profit: 88.620 Recent performances December 2013 = 5% January 2014 = 2.1% February 2014 = 4.5% Note: The period mentioned above reflects the duration of an open position taken […]

NZD/USD remains above the pivot point at the level of 0.8365, so this pair keeps moving in sideways. Now, Kiwi is being temporarily dominated by the bullish bias, so this pair remains above the 200 SMA. If the pair manages to make a breakout on the resistance level of 0.8388, it’s expected to rise to […]

The Cable was able to maintain the bullish scenario on it last week. This week, we are watching the distribution territories at 1.6800 and 1.6850 as potential targets. EUR/USD: The market was able to skyrocket from the support line at 1.3650 towards the resistance line at 1.3800. That was a movement of at least, 150 […]

Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The recently precarious bullish bias on this pair is now established – as a result of a new lease of stamina in the Euro. The Bullish Confirmation Pattern in the chart remains fresh and the price still has more room to move northward. The […]

AUD/USD had a week start completely dominated by the strength of the bears, as this pair is in a strong bearish bias. The AUD/USD has consolidated below the 200 SMA on the H1 chart and now this pair is finding support level 0.8932 sobr eel. If the pair manages to make a breakout at that […]

EUR/GBP is strengthening the bearish bias and is likely to continue falling for the rest of the week. This pair is consolidating below the 200 SMA and the pivot point at the level of 0.8222. Now, it is very likely that the EUR/GBP fall to the support level of 0.8192. If the pair manages to […]

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