Banks

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market is bullish in the long-term and neutral in the short-term. There was a slight bearish movement last week, but that was not significant. This week, price would either go above the resistance line at 1.2050, to strengthen the long-term bullish outlook; or […]

The USD/JPY went bearish in the first week of this month and then went bullish last week. The market is bearish in the long-term and bullish in the short-term. This week, price could go further upwards by another 100 pips, but further bullish movement would be rejected, owing to a bearish expectation on JPY pairs […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The pair went upwards last week, gaining about 200 pips. Price moved briefly above the resistance line at 1.2050, and then closed below it on Friday. There is a strong bullish outlook on EUR pairs this week, and therefore, the pair is supposed to […]

This pair gained a minimum of 270 pips last week, rising in the beginning of the week and testing the distribution territory at 1.3200. That distribution territory has been tested a few times and it would eventually be breached to the upside, as price targets another distribution territories at 1.3250, 1.3300 and 1.3350. EUR/USD: This […]

The EUR/JPY is bullish. Price went upwards last week, to test the supply zone at 131.50, before it got corrected by 70 pips, to close below the supply zone at 131.00 on Friday. The movement of the market this week would be determined by whatever happens to Yen. Continuous weakness in Yen would enable price […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold trended smoothly upwards last month, reaching a low of 1251.28 and a high of 1325.75. On September 1, price made some bullish attempt, closing at 1324.89. The outlook on Gold is bullish for this month, owing to the Bullish Confirmation Pattern that is present in the market. Price is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD is bullish in the long-term and bearish in the short-term. Price went upwards on Monday and Tuesday, testing the resistance line at 1.2050. After that, a serious bearish correction took place as price went down by roughly 200 pips after the aforementioned resistance […]

This USD/CHF pair is bearish in the long-term, butt neutral in the short-term. The bearish breakout that was seen on August 25 was not significant enough to override the short-term neutrality in the market, unless price breaks the support level at 0.9550 and 0.9500 to the downside, which would happens as the EUR/USD journeys upwards. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is neutral in the short-term, but bullish in the long-term. Price moved sideways from Monday to Thursday, and then broke upwards on Friday. Price gained roughly 150 pips that day, closing above the support line at 1.1900. The bullish movement could take […]

“One thing very good traders have is insight into themselves.” – Chris Tate FUN AND GAMES Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has […]