Foreign Exchange

Daily chart: The CL made a bullish rebound on the support at 103.85 level. Now, the CL is trying to climb to the resistance at the 106.70 level. If the CL manages to break that level, it is expected to rise to the level of 109.93. On the other hand, we must consider the CL […]

Daily chart: The USDJPY is strengthening its bearish trend and now, it’s forming a higher low pattern, above the support at the 96.38 level. If the pair manages to break that level, it is expected to fall to the level of 94.53. This pair will look for the moving average of 200, because this bearish […]

The EURJPY was largely bearish last week, and it would possibly breach the demand zone at 128.00 to the downside this week. EURUSD: This pair went upwards last week, testing the resistance line at 1.3400 before bouncing downwards. The downward bounce is deemed a correction in an uptrend, especially as long as the price is […]

LEARN FROM GENERALS OF THE MARKETS – PART 34 “There’s no doubt that the RRR is tremendously important. To get big profits, you have to take minor risks.” – Larry Williams Emilio Tomasini is an Italian Professor of Corporate Finance at University of Bologna, and he’s a full time market speculator, trading several financial markets. […]

CRUDE OIL: Daily Analysis for August 09, 2013 Daily chart: The CL again found support in the level of 103.85. As we have said before, if the CL manages to break that level, we would expect it to drop to the level of 100.33. On the other hand, it is very likely that the CL […]

GBPUSD Daily Analysis for August 09, 2013 Daily chart: The GBPUSD continues to strengthen its bullish trend in this chart, breaking the resistance level at 1.5506. This pair is trying to consolidate above the 200 day moving average and is very possible that this rises to the resistance at the 1.5642 level. By now, one […]

USDX Daily Analysis for August 08, 2013 Daily chart: The USDX is trying to consolidate below the 200 day moving average, after falling below the support at the 81.50 level. It’s likely that the USDX will fall until the next support at the level of 80.62, but during this fall the USDX could form a […]

The EURUSD is strengthening its bullish trend in the medium and long term and this is expected to remain so for many more days. The EURUSD continues to follow the bullish trend line and consolidating above the 200 day moving average. Bullish next target for this pair, the resistance at the level of 1.3395. It […]

Daily chart: The CL failed to consolidate above resistance at 106.70 level and has formed a fractal. Now, the CL is falling and it is very likely that this fall extends to the support at 103.85 level. If the CL manages to break that level, it is expected to fall to the level of 100.33 […]

GBPUSD Daily Analysis for August 07, 2013 Daily chart: GBPUSD is forming a lower high pattern, below the resistance level of 1.5407. This pair has been reluctant to continue falling as well, this has been reluctant to continue the current bullish trend. If this pair does break the support at the level of 1.5266, it […]