US News

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, after moving sideways on Monday and Tuesday. Price gained 210 pips, closing above the support line at 1.1900 and targeting the resistance line at 1.1950. Then another resistance level at 2.0000 (a psychological line) would be reached and […]

The USD/JPY became clearly bearish last week, with further bearish movement on Friday. This has resulted in a Bearish Confirmation Pattern in the market, and the demand level at 111.50 could be tested. However, there would be a rally before the end of this week, which may threaten the bearish bias. EUR/USD: This pair went […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish A bullish signal was generated on this pair last week, as the market gained 200 pips, to test the resistance line at 1.1850. After that, price began to experience some bearish correction, which made it close below the resistance line at 1.1800 on Friday. […]

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The USD/JPY pair is bullish in the long-term, but bearish in the short-term. Price may make some attempts to go upwards this week, owing to a bullish outlook on USD. There are demand levels at 113.00 and 112.50. On the other hand, there are supply levels at 114.00 and 114.50. EUR/USD: The bias on the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market consolidated last week, and made some bullish effort on Thursday and Friday (in the context of a downtrend). There is a bullish signal in the short-term, and once the resistance line at 1.1750 is breached to the upside, the bias would turn […]

Innovaderma stock (LSE:IDP) is in a downtrend, which has been in place since September 2017. Further downward movement is expected.   The market has gone below the EMA 21, while the Williams’ % Range period 20 is around the oversold region. Price has gone seriously downwards and it is currently below the resistance level at […]

Last week the EUR/JPY rallied in the context of a downtrend, moving from the demand zone at 131.50 to test the supply zone at 133.00 and then coming downwards on Friday. Price closed at 132.40 (below the supply zone at 132.50). Owing to a bearish outlook on EUR pairs this week, the market is supposed […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market went sideways from Monday to Wednesday and moved further south on Friday (in the context of a downtrend). The bearish movement would continue this week, owing to a bearish outlook on EUR pairs for the week. Thus, price would test the support […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a choppy market, though movement has generally been bearish. Last month, price went upward to test the resistance level at 1305.78, before dropping thousands of pips. Any rallies that are seen on Gold would be in the context of a downtrend, and as such, would not invalidate the […]