Euro Crisis

“Soon, though, I became aware that there was an even bigger game available to players like me. It was, in fact, the biggest game in town — the international financial markets. So my interest shifted from playing cards to playing the markets.” – James Frazer Someone in a West African country – a young man […]

The GBP/USD trended downwards slowly last week, and later dropped like a stone on Friday, September 16, 2016. The bias is bearish in the short-term and the long-term. Price is thus expected to continue moving downwards this week, reaching the accumulation territories at 1.2950 and 1.2900. GBP pairs, except the EURGBP, have also been going […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EUR/USD moved sideways last week, from Monday till Thursday, and then broke downwards by 85 pips on Friday. Had price failed to break downwards on Friday, the bias would have become neutral in the short-term. Now, the bias is bearish, and price might test […]

The USD/JPY dropped by 260 pips from Monday to Wednesday and then started going upward from Thursday and closing above the demand level at 102.50 on Friday. The bias on the pair, as well as other JPY pairs, is bullish for this week. Thus price could reach the supply levels at 103.50 and 104.00 this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, testing the resistance line at 1.1300 and then getting corrected downwards. The bullish bias remains valid, though it looks like an unclear thing. Therefore, the pair is expected to trend further higher this week (for EUR would gain […]

The USD/JPY cross has continued the bullish journey it started on August 26, 2016. Since then, price has gone upwards 400 pips, now around the supply level at 104.00, which was tested last week and could be retested this week. This bias on this pair, as well as other JPY pairs, is bullish. Until there […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went bearish last week, closing at 1.1152 on Friday. Bulls made serious effort to push price upwards on Thursday and Friday, but bears came with stronger hands to effect a movement to the downside. There are support lines at 1.1100 and 1.1050, which […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 16 “Traditional risk management simply fails to account for the fact that the most dangerous risks are those which occur infrequently and don’t show up in track-records.” – Jack Schwager Name: Noam Gottesman Year of birth: May 1961 Nationality: American, British Occupation: hedge fund manager, […]

The USD/JPY consolidated from Monday to Friday, and then broke upwards on Friday. Since price has been consolidating for about two weeks, the breakout on Friday is yet to bring about any dominant bias in the short-term. The bias would turn bullish only after price goes above the supply levels at 103.00 and 103.50. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bias on this pair is precariously bullish. Price came down 120 pips on Friday, in the context of a weak uptrend. A movement below the support line at 1.1100 would result in a clean Bearish Confirmation Pattern in the market, while a movement […]