Foreign Exchange

Although currently ranging, the JPY pairs ended being bullish last week. The bullish outlook remains valid for this week. EURUSD: The EURUSD moved upwards last week by around 200 pips, topping at the resistance line of 1.3550 before retracing downwards a little. The aforementioned resistance line would still be tested again, and would be overcome, […]

Last week, the EUR / JPY was very bullish, where the pair managed to consolidate above resistance at the 132.75 level. This pair is forming a lower high pattern below the resistance level of 135.38. It is likely that during this week, the EURJPY rise to that level and try to break it. If successful, […]

LEARN FROM GENERALS OF THE MARKETS – PART 37 “I knew now that I had to keep rigidly to the system I had carved out for myself.” – Nicolas Born in 1920, in Hungary, Nicolas Darvas was a popular dancer, self-educated trader and an accomplished author. He was a good economist at the University of […]

A couple of days ago, the Aussie showed significant increases that strengthened its bullish trend. However, in yesterday’s session the pair found strong resistance at the 0.9517 level and quickly, this broke the support at the 0.9474 level. Now, the AUD/USD is forming a higher low pattern above support at the 0.9386 level and if […]

Pound Sterling While the Pound began the week trading in the region of multi-month highs against both the US Dollar and Euro, the British asset broadly softened on Thursday as an unexpected decline in UK retail sales dented investor confidence in the nation’s economic recovery. To ask a currency expert a question direct, click HERE […]

The NZDUSD remains in a strong bullish trend today and it is likely that this pair continue progressively strengthened every day, because all that has shaped patterns have been clearly bullish. The kiwi is near the support at the 0.8218 level, where this is forming a higher low pattern. If the pair manages to break […]

It is interesting that some currency pairs and crosses opened with conspicuous gaps this week. This means that there would be directional movements in the markets sooner or later. EURUSD: This pair opened with an upwards gap on Sunday, and it has been trending downwards since then. Should this downward attempt continue, it would be […]

The EUR/JPY remains above the 200 day moving average and support at 132.12 level. It is very likely that this pair up to resistance at the 132.59 level, which could mean a sharp bullish rebound from the 200 SMA and strengthening the current bullish trend in this pair. However, if the EURJPY achieves in break […]

The Cable was bullish throughout last week; moving significantly upwards without much retracement. The distribution territory at 1.5900 is thus an easy target. EURUSD: This pair is still caught in a bullish bias in spite of the turbulent consolidation that is presently going on. It is very much likely that when the momentum is gathered, […]

LEARN FROM GENERALS OF THE MARKETS – PART 36 “If you want to improve your trading you have to control yourself.” – Norman Welz William J. O’Neil was delivered as a bouncing baby boy in March 25, 1933, in Oklahoma City. He grew up in Texas. In Dallas, Texas, he attended Woodrow Wilson High School. […]