Foreign Exchange

LEARN FROM THE GENERALS OF THE MARKETS – PART 49 “Over the years I have benefitted from many traders (alive and dead), investors and professionals.” – Alan Saunders Born in January 19, 1944, in Newton, Massachusetts, USA. Peter Lynch is considered to be one of the greatest investors around. He studied at Boston College (1965) […]

This pair has consolidated in bearish trend and below the 200 day moving average, so the EUR/JPY is in a strong bearish momentum. For now, the EUR/JPY is trying to form a bullish pattern below the pivot point level of 138.19. If the pair manages to make a breakout at that level, the next target […]

The EURGBP has dropped below the pivot point level of 0.8099. This pair has been very strong in the current bearish trend below the 200 day moving average, so the next target is the support level of 0.8076. If the EURGBP manages to make a breakout at that level would be expected to fall to […]

The AUD/USD continues to strengthen the bullish trend above the 200 SMA. The Aussie is trying to consolidate above the pivot point level of 0.9336, so the next target would be the resistance level of 0.9355. If the pair manages to make a breakout at that level, the next target would be the level of […]

On Friday (June 6, 2014), the USDCHF closed at 0.8934. The price has already assumed a bearish stance, which may continue this week. The next target to be reached is at the support level of 0.8900. EUR/USD: This market was volatile last week. Now it looks as though the price is poised to go northwards, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair recently managed to test the support line at 1.3500 (or the price almost touched the support line). The movement of the price around the support line could not be sustained because the price bounced upwards seriously, reaching the resistance line at 1.6350. […]

The EUR/JPY has consolidated pivot point below the level of 139.72. This pair is trying to form a bearish pattern to continue falls below the 139.32 level. If the EURJPY manages to make a breakout at that level, the next target would be the support level of 139.10, where the 200 SMA is located. Moreover, […]

The NZD/USD has strengthened the current bearish trend in the last days. The Kiwi is trying to make a breakout in the support level of 0.8410, as this pair remains below the pivot point level of 0.8444. If the NZD/USD manages to make a breakout at the level of 0.8410, next target would be the […]

Instrument: EURJPY Order: Sell Entry date: June 2, 2014 Entry price: 139.240 Stop loss: 140.267 Take profit: 137.267 Instrument: EURAUD Order: Sell Entry date: June 2, 2014 Entry price: 1.47109 Stop loss: 1.48533 Take profit: 1.45133 Instrument: EURCAD Order: Sell Entry date: June 2, 2014 Entry price: 1.48206 Stop loss: 1.49221 Take profit: 1.46221 Instrument: […]

Instrument: USDJPY Order: Sell Entry date: June 2, 2014 Entry price: 102.395 Stop loss: 103.404 Take profit: 100.404 Instrument: AUDJPY Order: Sell Entry date: June 2, 2014 Entry price: 94.634 Stop loss: 95.660 Take profit: 92.660 Instrument: CADJPY Order: Sell Entry date: June 2, 2014 Entry price: 93.948 Stop loss: 94.964 Take profit: 91.964 Instrument: […]