Foreign Exchange

GBPCHF: BUY     There is an interesting scenario on the GBPCHF, and this is something that may herald the beginning of a new lease of northward bias. For the most part of this year so far, the price was in a major downtrend. Last week, the price reached a low of 1.39646, being unable […]

LEARN FROM GENERALS OF THE MARKETS – PART 23 “After trading for this long I feel I should have some brutal stories, I don’t! I guess I had great sources for learning and I always had a good grasp of risk management.” – Chris Cashman Louise Bedford (a wife and a mother) is one of the […]

EURUSD Primary trend: Bearish This pair has trended downwards recently, with each intermittent rally providing a great opportunity to sell short. However, the downtrend has not been so strong because the price has hardly gone below the support line at 1.3000. The major bias remains bearish and it ought to continue so. Eventually, the price […]

AUDNZD: BUY The recent outlook was bearish, but since the middle of February 2013, the price found it difficult to go lower than the accumulation territory at 1.2150. As the price moved sideways while the bear and the bull engaged in some cut-throat struggle, the buying pressure increased. On February 20, 2013, the price crossed […]

“Now, if a trade moves against me, I’m out.” – Charles Kirk Many big and small financial institutions have collapsed – not just the only 2 that are mentioned in this article. However, the 2 institutions that are mentioned here are known to most well-informed fundamental analysts, especially those who also research past events in […]

A HEART-TO-HEART TALK Experience is the best teacher. Negativity in trading is compared to temporary setbacks in real life: it exists so that you can become a better trader. Losing streaks are equivalent of transient disappointments that celebrities face in their careers. They simply enable you to become an efficient risk manager. There are many […]

The British economy grew more than expected, updated figures from the UK’s Office for National Statistics (ONS) revealed earlier today. In its report, ONS showed UK’s gross domestic product increased by 0.3% in 2012 instead of the flat growth previously anticipated backed by a rise in output in the construction industry. UK’s quarterly performance had […]

Italian election leaves inconclusive result causing sharp market falls European markets have opened to falls following an inconclusive result in the Italian elections, with the Frankfurt and Paris exchanges falling by over 2%. Closing whilst election results were being announced New York’s Dow Jones Industrial Average fell by 1.55%. By late morning trading Europe’s major […]

EURUSD Primary trend: Bearish The EURUSD traded in a significant downwards move recently – a bias that is ever valid. The indicators on the chart now give a vivid support of the bears’ hegemony. The price has already broken the support line at 1.3300 to the downside, and the next target would be the support […]

NZDJPY: SELL   There is now a bearish possibility on the NZDJPY exotic cross as a result of the analysis given here. On the chart, the EMA period 56 and the RSI period 14 are used. Since the beginning of this year, this cross had been trending upwards, accentuated by vivid higher highs and higher […]