Foreign Exchange

The EURJPY has found solid support at the level of 140.61, which is below the daily pivot point level of 141.14, as we can see it at the H1 chart. Now this pair is trying to gain positions to the resistance level of 141.71. If the EURJPY manages to make a breakout in that area, […]

The EURGBP continues to find dynamic resistance at the 200-day moving average in the H1 chart, which coincides with the daily pivot point of 0.7824 level. This pair continues to try to form a bullish pattern to climb to the resistance level of 0.7849, despite that fact that the EURGBP would have to make a […]

GOLD (XAUUSD) Long-term Bias: Bearish Gold trended lower last year – just as it did in the year 2013. From January 2014 to early March of the same year, price moved upwards significantly, topping at 1391.97. Since then, further rally was rejected and price began to come down, although the bulls made desperate effort to […]

The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart. EUR/USD: The EUR/USD trended downwards […]

Here’s the market outlook for the year 2015: EURUSD Long-term trend: Bearish This pair trended southward for most of last year. In May 2014, price topped at 1.3993 and since then, it started moving south (a movement of around 1890 pips). Last year, price closed at the low of 1.2101, challenging the support line at […]

The NZDUSD has had considerable falls below the resistance level of 0.7861 and the daily pivot point of 0.7816 level. For now, the Kiwi is adamant the current bullish bias, as this pair is above the 200-day moving average. Therefore, the next target would be the support level of 0.7783, where is located the 200 […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 58 “The markets don’t care about your background, your gender or your age. It’s one of the only platforms in the world that offers you a limitless stage to refine your art.” – Louise Bedford Victoria Grimsley is a dancer, singer and actress in Loss Angeles, […]

NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = Sell 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 AUDUSD is trying to continue the development of the overall bearish trend, as this pair made a pullback in the 200-day moving average of H1 chart. For now, the Aussie is consolidating below the daily pivot point  level of 0.8341, so the next target in the short term would be the support level of […]

The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged. EUR/USD: This market […]