Foreign Exchange

Daily chart: USDJPY continues to fall below the resistance level at 97.59. It is very likely that this pair fall to support at the 96.38 level. However, we must bear in mind that the USDJPY could again break the resistance level at 97.59 and go up to the level of 98.25. If the pair manages […]

Yesterday, the EURUSD tested the resistance level at 1.3450, and was corrected downwards. However, the bullish trend is still in place. EURUSD: Yesterday, the EURUSD tested the resistance level at 1.3450, and was corrected downwards. However, the bullish trend is still in place. The current pullback, as indicated by the Williams’ % Range period 20, […]

Daily chart: GBPUSD is forming a lower high pattern, below the resistance level at 1.5642. It is very likely that this pair break that level and up to the resistance level at 1.5746, because its bullish trend has strengthened above the 200 day moving average. On the other hand, if the GBPUSD fails to make […]

Daily chart: The USDX continues to consolidate below the 200 moving average. We must be attentive to the USDX, because this is approaching a bullish trend line nearby. If the USDX achieved in break that trend line, it’s expected to fall to support at the 80.62 level. On the other hand, if the USDX managed […]

The Cable has broken the former distribution territory at 1.5650 to the upside. Right now, it is trading above that territory. EURUSD: The EURUSD is not very strong but the northward bias on the Cable is helping it to remain in the bullish zone (for the duo tends to be positively correlated). Though the price […]

Daily chart: The USDJPY is making a bullish rebound in the 97.59 support level. Now, this pair will try to climb to the resistance at the 98.25 level. If it breaks, it is expected to rise to the level of 99.81. On the other hand, if the USDJPY breaks the support level of 97.59 are […]

The JPY pairs ended in equilibrium zones, but there would be significant breakouts in the prices this week. EURUSD: This pair is currently bullish (though not without turbulence). The price closed at 1.3327 on Friday and may go on to test the resistance line at 0.9400 this week. There would be bearish threats along the […]

LEARN FROM GENERALS OF THE MARKETS – PART 35 James Harry Simons (sometimes known as Jim Simons) is a great American funds manager, philanthropist and mathematician. He was born in 1938 and raised in Massachusetts. He got his BSc in math at the age of 20 and his PhD in math at the age of […]

Daily chart: The GBPUSD achieves in break the resistance level at 1.5506. Now, this pair is trying to break the resistance level at 1.5642. It is unlikely that today’s session, the pair that manages to break this resistance, because the movement has lasted quite bullish and it is very likely that this begins to form […]

Pound Sterling The Pound made a second weekly gain after the UK currency received support from a host of positive economic data releases. On Monday Sterling made gains against the Euro as data showed that British banks increased the number of mortgages being approved .The data added credence to the belief that the UK recovery […]