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. […]
Dec 03 2013 @ 14:15
It’s December, a month where people take the opportunity to do holiday shopping and this in particular makes December in one of the months with higher volatility in the currency market. In the U.S. , sales of the famous cyber monday reached a record figure of $ 2.29 billion, thus, the USD Index has been […]
Dec 03 2013 @ 05:02
In the context of an uptrend, the USDJPY has experienced a pullback. Nevertheless, the pullback is expected to be transient. EURUSD: The market is in a kind of consolidation, though the bullish domination is still very clear. When the price does rally again, it would easily break the resistance line of 1.3600 to the upside, […]
Dec 02 2013 @ 23:43
The EUR/JPY remains fully consolidated in bullish trend and is likely to continue to rise this pair. This pair is consolidating above the weekly pivot point at the level of 138.68 and now, it is very likely that this pair rise to the resistance level of 140.25. If the EUR/JPY manages to break that level, […]
Dec 01 2013 @ 20:57
Most JPY pairs seem overbought and it looks like there could be some reversals soon. Yes, there could be reversals this week, but the markets may still go further upwards, especially if there are certain bulls who are interested in going long at the current prices. EURUSD: This is a bull market – slow and […]
Nov 29 2013 @ 00:40
As it was forecasted on Monday, this week has been favorable to trend followers. For example, the EURJPY, which has been trending up for a few weeks in a row, has moved upwards for more than 170 pips in this week. EURUSD: This is a bull market, with a Bullish Confirmation Pattern on the chart. […]
Nov 28 2013 @ 21:01
The Aussie has been very weak in recent days and it is likely that this weakness will continue for the next week. The AUD/USD is trying to break the weekly support level of 0.9060. If successful, it is expected to fall to 0.9032 level, a very important support level and strong, because in larger charts, […]
Nov 26 2013 @ 00:59
The EURJPY has almost challenged the high of 138.00, which is a very strong supply zone. The price has been corrected downwards from that supply zone, although the dominant bias remains bullish. EURUSD: In spite of the visible consolidation in the market, the bullish propensity on the market is a valid thing. The price is […]
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