Foreign Exchange

The USDCAD has not had significant movements that have achieved mainstream alter this pair, which is bullish. The USDCAD has been in a low range in this chart, forming a support level at 1.0290 and resistance at 1.0400 psychological level. If the loonie managed to break the resistance at 1.0400, it’s expected to rise to […]

TRADING IS IDEAL FOR A WOMAN! As I told you in an earlier article, women can be, and are great traders as well. They certainly got admirable qualities that can also help them in trading. There’s no level of success in trading that isn’t attainable by women. I foresee that the number of women in […]

In the yesterday session, the EURUSD was very bullish, approaching to the SMA 200 and strengthening its overall bullish trend. EURUSD is forming a lower high pattern, the resistance below the level of 1.3070. If the EURUSD manages to break this resistance, it is expected to rise to the level of 1.3130. Recall that near […]

Because of the weakness on the Greenback, the EURUSD and the GBPUSD have been bullish, whereas the USDCHF has been bearish. This outlook may be valid for the next several trading days. The JPY pairs also have the potential to maintain their extant outlook. EURUSD Primary trend: Bullish There is a bullish indication on the […]

The GBPUSD is trying to resume the bullish trend, but strong resistances are preventing it. The GBPUSD failed to break the resistance level at 1.5155 and now is trying to climb up to the resistance level at 1.5257, a strong resistance in the way. We should note that if the GBPUSD manages to break this […]

Great traders are made, not born. Does age have to do with successful trading? Well, experienced traders tend to be older than inexperienced traders. Analyses of different pairs and crosses would help the trader gain the overall insight into what is really happening in the markets. For example, all JPY pairs tend to be positively […]

Pound Sterling – With UK markets closed for a national holiday it was a slow start to the week for the Pound. Although Sterling went on to weaken against the US Dollar as UK retail sales dropped to a 16-month low, it was able to recoup losses as separate reports showed a surge in British house […]

LEARN FROM GENERALS OF THE MARKETS – PART 29 “Experience taught me that experts are wrong most of the time. The reason for my success in the financial markets is the fact that I see the world from another point of view.” – Jim Rogers James B. Rogers was born in October 19, 1942 (Baltimore, […]

In the yesterday’s session, EURUSD was very bullish, breaking major resistance levels on the way, which drastically changed the general trend of this pair. Finally, the EURUSD broke again the resistance at 1.3000 psychological level, after remaining in a range between 1.2950 and 1.2800. Now, the EURUSD is forming a lower high pattern, in order […]

In yesterday’s session, the USDJPY was bearish and is now trying to break important supports. The USDJPY is trying to break the support at the 100.41 level, risking their bullish trend in the short term. If the USDJPY breaks that support, is expected to fall to the level of 99.50. On the other hand, it […]