01 Aug 2016 @ 01:35
The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only […]
30 Jul 2016 @ 10:30
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair assumed a bullish journey last week, going upwards 230 pips. Price topped at 1.1195, closing above the support line at 1.1150. There is now a bullish signal in the market, which shows the possibility of price going further upwards. As forecasted in […]
28 Jul 2016 @ 13:24
“One of the best ways to learn about anything is to read about it. Books, articles. Even just marketing pages. Find out what the pros are doing. Find out what’s working for them. And then…” – James Altucher In the last few years I have written three books titled Lessons from Expert Traders (published by […]
24 Jul 2016 @ 22:50
The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution […]
23 Jul 2016 @ 23:14
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair consolidated to the downside last week, moving south by only 100 pips and closing above the support line at 1.0950 on Friday. There is a “sell” signal in the market and price might test the support lines at 1.0900, 1.0850 and 1.0800 […]
17 Jul 2016 @ 21:34
The EUR/JPY cross went upwards by 700 pips last week, reaching the supply zone at 118.00. Price got corrected by 220 pips on Friday, although that has not violated the Bullish Confirmation Pattern in the 4-hour chart. Price could go upwards from here, but that does not rule out the possibility of bearish threats. EUR/USD: […]
16 Jul 2016 @ 10:03
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market merely went flat throughout last week; neither closing above the resistance line at 1.1150 nor going below the support line 1.1000. Price went lower on July 15, but it is unlikely that the support line at 1.1000 would be breached, for price […]
15 Jul 2016 @ 03:13
When new traders move into the arena of trading they face several functional difficulties such as how do markets work, what are the subtle difference between markets and most importantly how does one design and implement a system that is some way logic and effective. If someone manages to navigate this maze and become in […]
10 Jul 2016 @ 23:09
GBP/USD dropped 450 pips last week, to test the low of 1.2796, before price consolidated in the last few days of the week. The bias on 4-hour, daily and weekly charts is bearish, and thus price should continue its decline. However, this week may be different, for we could see a strong rally in the […]
09 Jul 2016 @ 11:24
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair moved sideways last week, with no major bearish or bullish movement, though the overall bias remains bearish. There are support lines at 1.0000, 1.0950 and 1.0900. The support line at 1.1000 is a formidable barrier, and should price go below it, the […]