Foreign Exchange

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: […]

There are new strong biases in the markets which are supposed to continue this week. EUR/USD: The new lease of energy in the EUR has become strong enough to cause the pair to form a Bullish Confirmation Pattern in the chart. The target for this week is at the resistance line at 1.3700, and the […]

There have been significant reversals that threaten the major biases in the markets. However, for the reversals to be confirmed as established biases, they would need to hold out for a few more days; otherwise they would be termed as transitory breakouts. EURUSD Dominant bias: Bearish Following the latest bullish breakout in this market, the […]

The kiwi has been a decline from the level of 0.8275, which has led it to fall to the support level of 0.8218. NZD/USD continues to move above the 200 day moving average, so the bullish bias still remains. However, a breakout in the support level at 0.8209, this pair would fall to the support […]

EUR/JPY is consolidating above the 200 day moving average, though this could be the beginning of a bearish rebound. This pair is above the pivot point at the level of 138.10 as the EUR/JPY has recovered from falls. Now, the EUR/JPY is in a strong bullish bias. If the pair manages to form a bullish […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 45 “Always remember this: There are traders that have ruined entire accounts but still did not give up and were ultimately successful.” – Marko Graenitz Toni Turner, a happy American trader, is a trading educator and a successful author of many trading and investment books. Some […]

AUD/USD has been driven up by the success of the trade balance that were released a few hours ago, which reflected a positive reading of 0.47B versus -0.2B7 that were predicted. The aussie has managed to break the strong resistance level of 0.8940, which was holding back the progress of the bullish bias in this pair. […]

The kiwi remains above the 200 day moving average, so there are two possible scenarios: A bullish consolidation or the domination of the bears on this pair. NZD/USD could find dynamic resistance in the 200 SMA, if this pair makes a breakout from the pivot point at the level of 0.8183. If successful, the next […]