Foreign Exchange

There is a bullish signal on the USDJPY, and the pair may go towards the supply level at 98.50 and 99.00 respectively. EURUSD: The bias on this pair is bullish and in spite of the current consolidation in the price, it is expected to resume its upwards journey. There is a strong support level at […]

The Aussie continues to dominate entirely by the bulls and is expected to this week, this pair further strengthen its trend. The AUD/USD is trying to break the resistance level at 0.9672. If the pair manages to break that level, it is expected to rise to the level of 0.9718. Moreover, this pair is likely […]

Last week, the GBPUSD shot towards the north. Some transitory pullback is normally expected, but the northward bias is valid for this week. EURUSD: The pair moved upwards by more than 140 pips last week, but not after disheartening pullbacks and volatility. This week, it is expected that the upward move would continue, though there […]

LEARN FROM GENERALS OF THE MARKETS – PART 38 “If you are truly passionate about trading and hope to be in the game for a long time, I recommend focusing on a slow and steady approach.” – Joseph Fahmy Mellody Hobson was born in April 3, 1969 (Chicago, Illinois). She’s an American investor, trader and […]

The EUR/JPY continues to strengthen its bullish trend, while waiting for the formation of new bullish patterns. This pair is forming a lower high pattern above the support level of 132.75 and is very likely that this pair rises to the resistance level of 135.38 in the medium term. On the other hand, we must […]

Most JPY pairs opened with minor gaps at the beginning of the week. Overall, the JPY pairs may go further northward. EURUSD: The EURUSD moved indecisively yesterday; whereas the bullish signal on it is still valid (given the position of the indicators). The resistance line at 1.3600 would soon be broken to the upside, because […]

The JPY pairs are currently in a bullish mode, and that is what would likely be the bias for this week. EURUSD: The EURUSD has been moving in a highly volatile manner – giving room for palpable turbulence. There are mixed signals in the market and it is advisable to wait for a clearer direction […]

The AUD/USD opened this week with a bearish gap. The aussie is recovering after he opened the week with a bearish gap, which led to a drop to the support at 0.9426 level, where is located the 200 day moving average. It is very likely that this pair rise to the resistance level at 0.9474 […]

“I knew that, if I wanted to be successful, I needed to work smart, not hard.” – Marcello Arrambide Do not place too much emphasis on the trade you just opened. It might win or lose –and that’s how it’ll always be. If it wins, the gain should be decent if you let your profit […]

The kiwi is trying to consolidate above support at 0.8317 level The NZD/USD has made a bullish rebound on the support at the 0.8317 level and now this pair is trying to get back up to resistance level at 0.8348. If the pair manages to break this support level, would be expected to fall to […]