Foreign Exchange

A NON-DIRECTIONAL TRADING APPROACH “For traders and investors, finding low risk ideas is one of the most important tasks no matter what asset class you trade.” – Gabriel Grammatidis The world of speculation is replete with strategies that are aimed at making profits. The strategies can be ones that follow the lines of the least […]

The USD/JPY pulled back seriously after testing the supply level at 103.00. For the bullish bias to remain valid, the price must stay above the demand level at 102.00. EUR/USD: This is a bear market in spite of the rally that occurred in the market on Friday, the rally is seen as a good opportunity […]

The AUDUSD remains robust in the bearish trend, because this pair is below the 200 SMA on the H1 chart. The Aussie is trying to consolidate above the daily pivot point level of 0.9308, being the next target the resistance level of 0.9340. On the other hand, if the AUDUSD manages to make a breakout […]

The NZDUSD has moved in range in the last hours, finding resistance at the level of 0.8511. The Kiwi is trying to stay above the daily pivot point level of 0.8496, so it is very likely that the NZDUSD try a breakout at the level of 0.8521. If successful, it is expected to rise to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has been able to continue its southward journey. The price is now going below the resistance line at 1.3400. The resistance line is a war zone between the bulls and the bears, for the price would be making some attempts to breach […]

“Isn’t the promised reward of greater independence, financial freedom, and life choices worth the risk?” – Louise Bedford Anyone who says trading is easy is telling a lie. Anyone who says success in trading isn’t possible is also telling a lie. Trading is challenging as well as it’s rewarding. The challenges are the blessings that […]

The break lower in EUR/USD is now clearly in train and Euro bulls are no longer ignoring the fundamentals. Selling of this pair was encouraged during the day as the market was presented with uninspiring preliminary German inflation data combined with the first Q2 GDP growth reading out of the US, which easily topped expectations. […]

The EURJPY is currently in a bullish trend rather weak, as this pair is approaching to the 200 SMA. If the EURJPY manages to make a breakout on the resistance level of 137.27, the bullish note could be strengthened in this pair and therefore the pair could rise to the resistance level of 137.44. On […]

GOLD (XAUUSD) Dominant Bias: Bearish The recent bias on Gold is bearish, but the bulls have been making serious effort to push the price higher. It is possible that the price could go downwards, but this should be short-lived, for the price would meet some obstruction at the support levels of 1287.00 and 1297.00. In […]

The bullish trend on the USD/CHF is now very strong. Interestingly, the market has tested the resistance level at 0.9050, and with the continuation of the trend, the market may go towards the resistance level at 0.9100. EUR/USD: The bearish outlook on the EUR/USD is currently very strong. On Friday, July 25, 2014, the price […]