Foreign Exchange

NZD/USD has found strong support at the 0.8348 level, where the pair is expected to perform some corrective moves. The kiwi could perform a bullish rebound above that level and up again to the pivot point at the level of 0.8370. However, if the pair manages to make a breakout at the support level, the […]

AUD/USD has reacted positively after the RBA meeting in the early hours of the Asian session today. This pair started the session below the pivot point at the level of 0.9040 and after the publication of the RBA statement, which was optimistic, the aussie was consolidated above that level and is now tratandod and make […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): Since a ‘buy’ signal was generated on Gold in early February 2014, it has moved upwards by over 8000 points. The bullish outlook on the market is very strong, and therefore, a bullish continuation would be spurred on by further buying pressure. This is […]

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 […]