Foreign Exchange

EURAUD: BUY There has been a Bullish Confirmation Pattern on the EURAUD cross, and for those who think the price has gone too far, this may just be the beginning. The price condition, though looking simplistic, is dictated by some exogenous factors. A trend is not over until it is actually over. From February 2013 […]

LEARN FROM GENERALS OF THE MARKETS – PART 26 “Too many investors have no patience and discipline. These two personality traits are imperative for investment success.” – Andrew Abraham Born in September 28, 1954, Paul Tudor Jones is an astute market forecaster and a highly profitable trader. Paul obtained a degree in economics from University of […]

In the yesterday’s session, the EURUSD had sideways movements, clearly demonstrating indecision among investors due to economic data “mixed” come from both Europe and North America. There is a strong support at the 1.3004 level, if the EURUSD does make a breakout of this support with bearish candlestick, might take a fall to the level […]

Yesterday’s session was very bearish for the GBPUSD, due to “bad” economic data that were released early and that demonstrate, that the UK economy is not good, for now. The GBPUSD is now trying to make a breakout of support at 1.5225 level, if the cable does that breakout, could fall to next support at […]

In the yesterday’s session, the EURUSD had a bearish day, thanks to economic data that did not favor this pair. The EURUSD is facing a very important: The support at the 1.2995 level. If the EURUSD does a breakout in this support, it is likely that the EURUSD can fall to the next support level […]

Yesterday’s session was very bullish in the last hours for the cable. Now, the GBPUSD is facing a strong resistance on the upside. The GBPUSD is forming a lower high clear pattern in the H1 chart. The resistance in the 1.5377 level is very strong, because it has been touched days ago but could not […]

The EURUSD had a bearish week start, which, indicates that this pair has a desire to want to continue the long-term trend: bearish. The EURUSD is approaching to the psychological support level of 1.30, a significant level at which many traders, they decide to buy or sell, in large quantities. Currently, the EURUSD is below […]

EURUSD Primary trend: Bullish The EURUSD is no longer in a bearish mode. This famous pair has shrugged off any bearish pulls and has resumed an extended bullish mode. This is a fact that is supposed to be valid for the next several trading days, though there could be some southward retracements along the way. […]

GBPJPY: SELL Last week, from the low of 140.360, the GBPJPY rose by more than 1150 pips. This happened in less than one trading week, but would it continue? Many traders are now bullish on the GBPJPY (and other JPY pairs) whereas the instruments are now at critical supply levels. The masses’ irrationality here is […]

The news regarding the economy in Japan, have not been very good and that reason has led to sharply devalue the yen against the U.S. dollar, in order to help “recover” the Japanese economy in the medium term. The USDJPY has been consolidating in recent days, after having had significant increases, leading the USDJPY to […]