Foreign Exchange

The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. EUR/USD: The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. However, this may not occur without some upwards bounces along […]

The new lease of energy in the Greenback has resulted in the weakness of the EURUSD and the strength of the USDCHF. The also has had impact on other major pairs, resulting in near violation of major biases in certain cases. The continuous strength in the Greenback could spur on the weakness of the EURUSD […]

The USD/JPY is finding strong resistance at 102.67 level, but the chances of this pair consolidates above that level are still high. During the U.S. session yesterday, the pair had a very bullish day in this pair managed to consolidate above support at 102.21 level. For now, this pair remains above the pivot point at […]

Experienced trading mentors have groomed successful traders over the years. While some frown on the idea of mentioning mentors, it’d be necessary to say that the writer of this article would’ve quit the trading world many years ago when things became so hopeless in the markets, provided he didn’t come across those seasoned coaches and […]

The NZD/USD had a bearish reaction to the publication of the RBNZ interest rate, which remains at 2.50% Now, the kiwi is forming a higher low pattern below the pivot point at 0.8229 level and close to the support level of 0.8160. If the pair manages to break that level, the next target would be […]

Yesterday, the AUD/USD had a fairly bearish session as the pair found resistance at the level of 0.8800, where the 200 day moving average is located. The aussie is forming a bearish pattern below the pivot point at the level of 0.8762. Now, it is likely that the fall of this pair extends to the […]

Like other JPY pairs, the USD/JPY started the Asian session on bullish road, facing resistance at the 103.28 level. For the American session today, it is expected that all the USD pairs will have volatile movements, as the Fed chairman, Ben Bernanke, will have its last meeting as the leader of the Federal Reserve of […]

EUR/JPY is currently trying to make a breakout on the resistance level of 141.08, to achieve it’s next goal at the level of 141.43. This pair has had a bullish momentum at the start of the Asian session, as the EUR/JPY is trying to consolidate above the 200 SMA. However, if this pair makes a […]

The AUD/USD has started the Asian session with a strong bullish momentum after the publication of the NAB business confidence index, which has scored a total of 6. Now, the aussie is consolidating above the pivot point at the level of 0.8725 and now this pair aims bullish resistance at the 0.8773 level. If the […]

At the start of the Asian session, the kiwi found strong support at the level of 0.8218, which is close to the pivot point at the level of 0.8230. This pair is within a range of a lot of indecision, as the intraday trend is not clearly defined. The nearest resistance is at the level […]