Foreign Exchange

LEARN FROM GENERALS OF THE MARKETS – PART 30 “Master price action and you will be well on your way to successful trading.” – Nick McDonald Mike Baghdady is a highly experienced trader with far more than 3 decades of experience. He’s been called Mr. Price Behavior. He’s a world leader when it comes to […]

Japanese stocks weaken, as the yen begins to strengthen against the U.S. dollar. Last week, the Nikkei 225 index fell by more than 6.5% and this has allowed it to get into very bearish, so we could see further declines in the coming days. Because of this, the yen has started to strengthen against the […]

The loonie continued bearish patterns forming, which will allow the pair to further develop its current bearish trend. The USDCAD is forming a higher low pattern over the support at the level of 1.0177. if the USDCAD manages to break that level, would be expected to fall to the level of 1.0094, which is the […]

The GBPUSD continues forming a bullish pattern, to follow up and breaking resistance levels, along the way. We should not rule out possible bearish rebounds. The GBPUSD is trying to exceed the 200 day moving average, upward, to continue forming a lower high pattern and to break the resistance level at 1.5618. If the cable […]

The Greenback has been weak and the Yen has been strong. Most JPY pairs are also weak. The fundamentals that were released lately even added fuel to the extant biases. This means vivid bullish biases for some currency instruments like EURUSD and GBPUSD: and conspicuous bearish biases for some instruments like the USDCHF and EURJPY. […]

The EURUSD is forming bullish patterns, allowing to this pair to continue its bullish trend of the moment. EURUSD remains above the 200 day moving average and is making consolidation movements. If the EURUSD managed to break the resistance at the 1.3243 level, it’s expected to rise to 1.3300 psychological level. On the other hand, […]

Naked trading is no Holy Grail. I also do naked trading. But trading naked without the use of strict money management, risk control and discipline cannot help you. With these things, you can succeed with indicators; and without them, you can fail with naked trading. No trading signals are 100% accuracy, yet subscribers to trading […]

Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]

The EURUSD has a strong bullish trend and now, this pair will seek to break new resistances. EURUSD is forming a lower high pattern below the resistance level of 1.3309. If this pair manages to break this resistance, it is expected to rise to the level of 1.3363. The general outlook for this pair is […]

“Sometimes people are so attached to the way things are that they would rather keep things the same and continue to fail rather than make those changes.” – Adrienne Toghraie We tend to think of harvesting our gains and smoothing open trades; something that is easier said than done. Big institutions have very high stakes that […]