08 Apr 2015 @ 10:09
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 […]
07 Apr 2015 @ 03:32
At the H1 chart, the AUD/USD found strong dynamic resistance at 200 SMA and now it’s looking to reach new weekly lows. The current structure is very bearish, which coincides with the overall trend of the Aussie, so we could expect a fall until the support zone of 0.7557, if the AUDUSD finds strong resistance […]
06 Apr 2015 @ 07:04
The USD/CHF went upwards last week – just in opposite of what the EUR/USD was doing. The market first made some bullish attempt, reaching the resistance level at 0.9750. Further bullish journey was rejected at that resistance level and price plunged by 250 pips, testing the support level at 0.9500. The bearish movement this week […]
06 Apr 2015 @ 01:49
Price news It’s been a very steady week (in bitcoin terms!), with price trading mostly in the $245 and $255 range. Seven-day average price: $250.81 End of week market cap: $3.6 billion (Prices quoted according to Coindesk Bitcoin Price Index) Due to a busy couple of weeks I missed last week’s report, so this time […]
05 Apr 2015 @ 22:55
GOLD (XAUUSD) Dominant Bias: Bullish The dominant bias on Gold has turned bullish as bulls are making effort to push price north. This fact has proven to be true in the last few weeks. There is a Bullish Confirmation Pattern in the market and it is likely that bears effort will often be frustrated, enabling […]
04 Apr 2015 @ 21:24
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair first traded downwards last week, reaching the support line at 1.0750. Around that support line, further bearish movement was rejected and price rose by 250 pips. There is now a clean Bullish Confirmation Pattern in the chart: there is a possibility that […]
02 Apr 2015 @ 11:14
The H1 chart is already showing a strong bearish bias in the short and medium term for the NZDUSD. Also, the 200 SMA is doing a dynamic resistance over this pair and we should see a strong pullback there, towards the daily pivot point level of 0.7444. If the Kiwi does a breakout on that […]
01 Apr 2015 @ 23:36
“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?” The markets offer riches that can’t be accessed unless you become a trader or an investor. […]
01 Apr 2015 @ 02:36
US dollar strength has been making pips for dollar bulls left and right, but is a strong USD good or bad for the US economy? Also, will the Fed finally hike rates? If you’re a frequent online shopper, then you’d probably know that a stronger local currency is usually good news for consumers. For example, an […]
31 Mar 2015 @ 11:20
The EURUSD is very strong in the current bearish bias, as the pair has been trading below the 200 SMA during this week. In an intraday outlook, the EURUSD broke the important supports at the 1.0796 and 1.0760 levels, which are also below the daily pivot point zone of 1.0845. We could expect more downside […]