Foreign Exchange

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 6 “Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.” Name: […]

AUDJPY = Buy AUDUSD = Buy EURAUD = Sell AUDCAD = Buy AUDCHF = Buy GBPAUD = Sell AUDNZD = Buy 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 […]

The EUR/JPY experienced a nice bullish run last week, moving upwards from the demand zone at 133.50 and going far above the demand zone at 136.00. This movement of roughly 300 pips has resulted in a clear Bullish Confirmation Pattern in the chart, and this is a situation that could continue this week, for the […]

The bulls are still alive at H1 chart, but we don’t see yet a clear confirmation of a higher acceleration during this week on EURGBP. In our short term outlook, EURGBP is close to the resistance level of 0.7186 and if the pair achieves to break that zone, it would be expected to test the […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards recently, going below the supply level at 1199.00. The bias on the market is bearish, as efforts to push the price upwards have been invariably scuttled. Price consolidated for most part of the last week, and there could soon be a breakout to the upside […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped below the support line at 1.0850 last week, but it could not stay below that line. From there, price rallied by over 150 pips, testing the resistance line at 1.1000. The overall bias remains bearish and it would be so, unless price […]

A Rule-based Swing Trading Method “This reminds me of the way many professionals trade. They are not looking to “shoot the moon.” They have set objectives and they exit when those objectives are reached. Doing so takes discipline and self-control, two ingredients needed by every trader who desires to become successful in this business.” – […]

Price news Bitcoin has been unusually steady the past two weeks, consistently trading within the $230-240 price range. Seven-day average price: $236.44 End of week market cap: $3.4 billion (Prices quoted according to Coindesk Bitcoin Price Index) In the bitcoin financial news over the last two weeks: Nasdaq’s Bitcoin Embrace In the news again, Nasdaq’s […]

EURJPY found dynamic resistance at the 200 SMA on H1 chart and it seems the lower continuation will remain alive during this week. The current structure is already showing a lower low pattern formation in place below the daily pivot point level of 134.29. If EURJPY does a breakout at the support zone of 133.27, […]

The USD/JPY moved upward by 200 pips last week. The upwards journey started at the demand level of 119.50 and it has gone beyond the demand level at 121.50. This bullish journey has put an end to the recent protracted equilibrium phase in the market: the price would continue its journey upwards as long as […]