Foreign Exchange

This pair continues in a strong bearish trend and it is expected to fall further this week. However, we must be very aware. The EURUSD continues forming a higher low pattern below the 200 day moving average and above the support at the 1.2992 level. If the pair manages to break this support, it is […]

Being super sure of your trading setup is also not a guarantee that the trade would go in your favor. In addition, you sometimes make money fast and you make money slowly. Sometimes, you stay on the defensive for a long time, no matter how good your trading may be. EURUSD isn’t the best pair […]

LEARN FROM GENERALS OF THE MARKETS – PART 31 “If you want to get rich, just find someone making lots of money and copy what he’s doing.” – J. Paul Getty William Eckhardt started his career in 1974, which was 4 years after his doctoral studies experience at the University of Chicago (he failed to […]

Pound Sterling – it was a mixed week for the Pound as it began the week down against the US Dollar as it declined to its lowest-level in more than two weeks ahead of the sale of UK government bonds. Against the Euro, Sterling weakened for the first time in three days. On Tuesday it advanced […]

The loonie continues to strengthen its bullish trend, however, is quite possible that this consolidation movements do to move forward. USDCAD is forming a lower high pattern below the resistance level of 1.0524. If the pair manages to break this resistance, it is expected to rise to 1.0600 psychological level. On the other hand, if […]

The EURUSD continues to develop its bearish trend in the medium term. The formation of bearish patterns will be important to continue to consolidate in the current trend. This pair is forming a higher low pattern below the 200 day moving average and above the support at the 1.3048 level. If the EURUSD manages to […]

Bowleven shares (LSE:BLVN) are what I couldn’t risk my neck on. This is because the shares are not favorable to buyers, except sellers. The shares hit the yearly high in March 2013, testing the distribution territory at 100.00. From that territory, the price dropped seriously and consolidated around the latter part of May 2013. In […]

Last week, the GBPUSD was very bearish, making consolidation movements below the 200 day moving average. The GBPUSD is forming a higher low pattern, trying to break the support at the 1.5382 level. If the GBPUSD manages to break this support, it is expected to fall to the level of 1.5229. On the other hand, […]

There have been sharp reversals in the markets, as the EUR, GBP and other currencies got weakened. All JPY pairs have rallied: there are confirmed new biases in the markets. As some instruments plummet further, more bearish pressure would be experienced and positions are smoothed as people show the white feather when they are risk-averse. […]

Yes, believe the news, for it’s about real events. The only problem is that the effect on the markets may sometimes go against what people expect. I think candlestick trading is awesome in the short-term, and as a result of this, one needs to consider it for intra-day trading and exit once there is a […]