Currency

NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards for several weeks, with intermittent rallies along the way. The intermittent rallies were sometimes strong enough to threaten the existing bearish bias in the short term. On October 2, 2015, price spiked upwards seriously, threatening the existing bearish bias again; but the bias would not […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD was volatile for most past of last week, and there is not yet a strong directional movement, though the bias is bearish. Even the bullish breakout that was performed on Friday could prove to be a false breakout unless the resistance lines at […]

“You can’t congratulate yourself on your wins. Just like you can’t despair over your losses. Success is not one event. Too many one-hit wonders realized this too late.” – James Altucher This article was written with traders who control their risk and follow sound trading plans in mind. Controlling one’s risk and following sound trading […]

The Cable fell 400 pips last week, testing the accumulation territory at 1.5150. There is a clean Bearish Confirmation Pattern in the market and the price could still continue its downwards journey by at least, 200 pips this week. The accumulation territories at 1.5100 and 1.5000 are potential targets for the bears. EUR/USD: This is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair fell 200 pips last week, almost touching the support line at 1.1100. Afterwards, price bounced upwards by 180 pips and then got corrected lower. The price action in the market reveals that bulls are still making noticeable effort to push the price […]

Mining shares were like an anchor for the FTSE today, during a period when the last thing the FTSE needs is an anchor. Although it was not the biggest loser of mining sector of the combined 1,034 losers on the LSE, BHP Billiton’s share price (LSE:BLT) fell more than 5.0% to 1,021.50, back the position it […]

The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]

“I’ve not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison “…If trading is only about money, you have very little chance of success.” – Dr. Van. K. Tharp In recent times, some people have questioned the morality of online trading. Obviously, the question comes from lack of real understanding of trading. […]