Foreign Exchange

Long-term Pending Orders at Effective Demand and Supply Zones “I know, that all action on the market is there to be read in the chart: as long as one knows where to look and what to look for.” – Alan Saunders This is an introduction to a signals strategy that would start coming up later […]

The kiwi has had a week very bearish, but it is very likely that this pair found support at current levels and resume the bullish trend. The NZD/USD has fallen to the weekly pivot at the level of 0.8235, which is close to the monthly pivot at 0.8228 level. If this pair takes a bullish […]

LEARN FROM GENERALS OF THE MARKETS – PART 44 “Most people don’t understand that they need a trading system if they are to make money in the markets. Most importantly, that system must fit you, your objectives, your psychology, and your beliefs, for you to be able to trade it effectively.” – Dr. Van K. […]

The USD/CHF remains bullish. The bearish correction it experienced yesterday simply gave an opportunity to go long when the price pulled back in the context of an uptrend. EUR/USD: The EUR/USD remains bearish. The bullish correction it experienced yesterday simply gave an opportunity to go short when the price went up in the context of […]

The EUR/USD was able to reach the forecasted target at 1.3600 on Friday. The outlook for this week is bearish. The price is now trading below the resistance line at 1.3600, going towards the support line at 1.3550. EUR/USD: The EUR/USD was able to reach the forecasted target at 1.3600 on Friday. The outlook for […]

The aussie has encountered strong resistance near 0.8991 level and next week, is likely to continue falling in this pair. The AUD/USD is forming a higher low pattern above support level of 0.8929. If the pair manages to break that level, would be expected to fall to the level of 0.8895. We should note that […]

“Everyone wants results without the struggle. We want success faster, more easily, and without the risk of failure. As a trader though, we know that we have to accept that this is an immature way of living.” – Louise Bedford There have been reactions from readers of my past articles – whether here or somewhere […]

The EUR/GBP has had a short bearish’s way into the H1 chart, but now it seems that this pair wants to recover. EUR/GBP is forming a higher low pattern below the resistance level of 0.8316. It is very likely that this pair fall to the weekly support level of 0.8291. However, if the pair manages […]

The GBP/USD is making an attempt to test the distribution territory at 1.6550 once again (it tested it last week). The pair would eventually succeed in testing that distribution territory, even breaking it to the upside, while going towards another distribution territory at 1.7000. EUR/USD: On this pair, there is currently a pullback in an […]

At last, the USD/JPY succeeded in trading above the market level at 105.00. The bias is bullish and the price is expected to trade further upwards this week. EUR/USD: Last week, this pair shot upwards significantly and then pulled back. This pullback is supposed to be short-term; not going below the support line at 1.3700, […]