Dec 19 2013 @ 17:17
The EUR/JPY is very strong and solid in the bullish trend, which is very normal current corrective movements. This pair is consolidating above support at 142.18 level. Now it is very likely to go up to the weekly resistance level of 142.80. Moreover, if this pair does break the support at the level of 142.18, […]
Dec 17 2013 @ 02:51
The EURJPY pulled back last week and is currently being stabilized. The Bullish Confirmation Pattern is still valid on the chart, and when there is a breakout again, it might be in favor of the bulls… EURUSD: Despite the failure to breach it in recent times, this pair is going again towards the resistance line […]
Dec 16 2013 @ 23:08
The AUD/USD has been very weak in recent days and is likely to continue with this pair that weakness. The aussie is finding support on the level of 0.8929, a fairly hefty monthly level since the AUD/USD has failed to make a breakout there. If this pair takes a bullish rebound at current levels, it […]
Dec 16 2013 @ 00:44
The protracted bearish correction on the GBPUSD has finally become a bearish signal. From the distribution territory of 1.6450, the price has dropped by over 150 pips. EURUSD: It seems this pair may not be able to go above the resistance line of 1.3800, especially in the face of a current lease of strength in […]
Dec 15 2013 @ 08:39
The USD/MXN has been moving in an area that produces a lot of indecision among investors. This pair is currently below the 200 day moving average, but not found many pips away, as the SMA 200 is close to the 12.94 level. If USDMXN manages to break the support level of 12.85, it’s expected to […]
Dec 14 2013 @ 01:33
LEARN FROM GENERALS OF THE MARKETS – PART 42 “Learn from failures, try again differently, fail, and try again. Your odds keep improving the more you try.” – Kenneth L. Fisher: Kenneth L. Fisher was born in November 29, 1950, in San Francisco, California, USA. He’s the 3rd and youngest son of Philip A. Fisher, […]
Dec 10 2013 @ 02:00
The JPY pairs are strongly bullish, breaking new highs and supply zones. This outlook may continue this week, but there may be some fleeting bearish corrections along the way. EURUSD: This pair has moved upwards by over 46 pips this week, in what could be called a slow and steady bullish journey. The Bullish Confirmation […]
Dec 09 2013 @ 23:10
The kiwi has sought to consolidate its current bullish trend above the 200 SMA, which could be a clear indication that the bulls want to stay in the battle. The NZD/USD has consolidated above the weekly pivot point at 0.8237 level and is very likely to pair up to resistance level at 0.8335. However, we […]
Dec 09 2013 @ 00:05
Last week, the directional forecasts on the EURUSD and the USDCHF were correct. For example, the USDCHF trended downwards by over 140 pips, closing at 0.8917. EURUSD: The EURUSD, which has been bullish for more than 2 weeks, has been able to maintain its bullish stance in spite of the initial upswings and downswings within […]
Dec 06 2013 @ 08:24
Why do I recommend small lot sizes? There are happy traders who say these things: “The markets aren’t hunting for me. I’m part of a large trading community. I know that losses are normal part of doing any business. My winnings are on the way.” “I know that the volatility in the markets is normal. […]
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