Foreign Exchange

The Cable was able to move more than 350 pips last week, closing at 1.6747. The target for this week is at the distribution territory of 1.6800, though there are possibilities of transitory pullbacks. EUR/USD: This pair has been able to maintain its upward journey, moving close to the resistance area at 1.3700. For the […]

The reversals that started recently have succeeded in establishing themselves as new biases. The new biases are supposed to continue. Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The reversals that started recently have succeeded in establishing themselves as new biases. The new biases are supposed to continue. Since a bullish signal […]

This has been a week Bitcoin advocates would probably rather forget. At the start of the month 1 bitcoin would set you back about $960. Today it will cost you $422. What the hell happened? Back on Monday (10 Feb) we saw prominent exchange MT Gox halt trading and stop withdrawals of bitcoins. Then Bitstamp, […]

EUR/GBP has moved into a low range in the last hours with a very strong bearish bias. This pair remains above the pivot point at the level of 0.8205, so the nearest resistance level is at 0.8231. If the EUR/GBP manages to make a breakout at that level, the next target would be the level […]

The AUD/USD fell significantly after the publication of the Australian Employment Change, which was -3.7K (lower than predicted / 15.3K) and Unemployment Rate, which recorded a 6.0% (higher than forecast / 5.9% ). The aussie has drop to support level of 0.8941 where the 200 day moving average is located. The resistance level is located […]

NZD/USD found on the support level 0.8317, which may mean that this pair is making corrective movements. The kiwi is below the pivot point at the 0.8330 level, which would be the closest resistance level. If the pair manages to break the support level of 0.8317, next target would be the support level of 0.8293. […]

“If you are driven by the stock price you are going to go crazy.” – Michael Bigger There’s no speculator in the world that hasn’t, in one period or other in their career, experienced the emotion of anger. Every trader becomes angry because of some reasons. Even the renowned Dr. Van K. Tharp (a trading […]

This pair is very close to reaching the resistance level at 139.83, so it is very likely to continue bullish bias. The EUR/JPY is above the 200 day moving average and pivot point at the level of 139.49. A breakout at the resistance level at 139.83, the EUR/JPY could take up to the next target […]

AUD/USD has established back above the 200-day moving average, so the bullish bias has strengthened again. The Aussie remains above the pivot point at the level of 0.8937. The next objective of this pair is the resistance level of 0.8969. However, a breakout to the pivot point could lead the AUD/USD to fall to the […]

Instrument: USDJPY Order: Buy Entry date: February 10, 2014 Entry price: 102.208 Stop loss: 101.206 Take profit: 104.206 Instrument: AUDJPY Order: Buy Entry date: February 10, 2014 Entry price: 91.473 Stop loss: 90.462 Take profit: 93.463 Instrument: CADJPY Order: Buy Entry date: February 10, 2014 Entry price: 92.481 Stop loss: 91.465 Take profit: 94.463 Instrument: […]