Currency
EUR/USD Technical Snapshot
24 Jul 2017 @ 16:12
As EUR/USD approaches its August 2015 highs, let’s take a look at how EUR/USD’s price behaviour will shape our trading strategy. The bigger picture… It’s always best to gain some perspective by using a higher timeframe and we favour the weekly candle chart for this purpose. Notice how the price chart below is very minimal; […]
Daily analysis of major pairs for July 24, 2017
24 Jul 2017 @ 05:13
The USD/CHF went south by 180 pips last week, having lost about 620 pips since May 11. There is a huge Bearish Confirmation Pattern in the chart and further downwards movement could be seen, as price goes towards the support levels at 0.9400, 0.9350 and 0.9300. On the hand, there could be a meaningful rally […]
Weekly Trading Forecasts for Major Pairs (July 24 - 28, 2017)
23 Jul 2017 @ 01:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish On EURUSD, bull was the clear winner last week. Price went upwards by 210 pips, breaking the multi-month high at 1.1600 and closing above the support line at 1.1650. Since June 27, price has gained 470 pips, and there is still more room for […]
HOW YOU SEE THE WORLD HAS A SIGNIFICANT EFFECT ON YOUR SUCCESS
21 Jul 2017 @ 14:57
INTRODUCTION: Hello Traders. The article below is useful for all areas of human endeavors (including trading). Please read it to discover a great secret today. Read between the lines and see how the facts revealed here aptly apply to trading. —————————————————————...
Vela Technologies is a choppy market
19 Jul 2017 @ 15:09
Vela Technology shares (LSE:VELA) are quite choppy, ugly and unattractive. The market has been going in a zigzag manner. Price is a kind of bullish, but that signal is not that strong. Right now, price is above the EMA 21, while the Williams’ % Range period 20 is in the overbought territory. That means there […]
Daily analysis of major pairs for July 17, 2017
17 Jul 2017 @ 11:12
The EUR/JPY moved downwards last week, in the context of an uptrend. Price first went upwards to test the supply zone at 130.50, before it got corrected by 180 pips. The demand zone at 128.50 has tried to halt further correction, but price may break below it as it goes further southwards, thus invalidating the […]
Weekly Trading Forecasts for Major Pairs (July 17 - 21, 2017)
16 Jul 2017 @ 04:44
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair has been going upwards since June 27, and the bullishness has been maintained. Price also went upwards last week, though in a zigzag manner, closing above the support line at 1.1450 on Friday, and trying to go for the resistance line at […]
Technical Forecasts for CFDs (July 2017)
11 Jul 2017 @ 04:14
AUS200 Dominant bias: Bearish This market has gone bearish since May and the bearishness has remained till now. There is a huge volatility in the market, which does not push price in a particular direction on a short-term basis, as the movement has been in a zigzag mode. This kind of action is supposed to […]
Daily analysis of major pairs for July 10, 2017
10 Jul 2017 @ 04:18
The market moved sideways in the first few days of last week, before moving further upwards. Since June 15, the market has gained about 740 pips, closing close to the supply zone at 130.00 on Friday. Once the supply zone is breached to the upside, price would target other supply zones at 130.50, 131.00 and […]
Weekly Trading Forecasts for Major Pairs (July 10 - 14, 2017)
08 Jul 2017 @ 23:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market was engaged in a bearish correction from Monday through Wednesday and then rallied on Thursday, to close on a bullish note on Friday. This has put some emphasis on the bullish bias on the market, which means that occasional corrections would often […]
