Foreign Exchange

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, […]

The EUR/JPY was dominated this week by the bulls, as this opened Thursday’s session a bullish gap, which has not been filled. This pair found resistance near the 145.17 level, where this formed a fractal. Now, this pair is forming a bullish pattern above the level of 143.94. If this pair manages to break the […]

The Australian dollar has shown a lot of weakness in recent days against the U.S. dollar and is expected to continue. AUD/USD stays below the resistance level 0.8929, a level that has shown great strength on this pair, as the AUD/USD has failed to consolidate above this level. Now, it is very likely that this […]

The JPY pairs experienced upward gaps yesterday and have been trending upwards in most cases. This is in agreement with the extant bullish bias. EUR/USD: This pair has rejected the recent bearish pull on it. The price broke upwards, cutting through the market line of 1.3750, while going further upwards. Clearly, the bias has turned […]

The EUR/GBP has had a week bearish, despite the low volatility this week has dominated the forex market. This pair is forming a higher low pattern below the monthly pivot level of 0.8358. Now, the EUR/GBP is encountering strong resistance at that level and if the pair manages to continue to fall, it’s expected to […]