Foreign Exchange

There is a temporary pullback on the USD/CHF, which ought not to take the price below the support level at 0.8900, so that the bullish bias can remain valid. The price may go further upwards after the pullback has ended. EUR/USD: The bearish bias on this pair is still present, although there is a shallow […]

The EUR/GBP is trying to consolidate back above the 200 day moving average to continue extending the bullish trend. This pair has made a bullish rebound in the pivot point level of 0.8131, so it is very likely that the EUR/GBP rises to the resistance level of 0.8143. If the pair manages to make a […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This market has been moving downwards in a slow and tardy manner. Since early May 2014, the downward move that begun has taken the market down by over 380 pips. With the Bearish Confirmation Pattern in the chart, it is rational to expect that […]

The AUD/USD remains strong in the bearish trend, but this pair is likely to consolidate in the bullish bias. The aussie is finding resistance at the 200-day moving average, so the next target in this pair is the resistance level of 0.9279. If the AUD/USD breakout manages to make a pivot point in the level […]

The EUR/JPY is trying to consolidate above the 200 SMA. This pair has made a rebound on the pivot point level of 138.94, which allowed that EUR/JPY has made a breakout on the resistance level of 139.19. If the pair manages to make a breakout at the level of 139.31, the next target would be […]

Instrument: USDJPY Order: Sell Entry date: May 26, 2014 Entry price: 101.932 Stop loss: 102.944 Take profit: 99.944 Instrument: AUDJPY Order: Sell Entry date: May 26, 2014 Entry price: 94.185 Stop loss: 95.185 Take profit: 92.184 Instrument: CADJPY Order: Sell Entry date: May 26, 2014 Entry price: 93.839 Stop loss: 94.866 Take profit: 91.866 Instrument: […]

The situation on the USD/CHF is now getting interesting. After a long period of siege and repeated bullish attacks, the price managed to close above the support level of 0.8950. For the bullish victory to continue, the price needs to move towards the resistance level at 0.9000. EUR/USD: After much determined effort on the side […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The dominant bias on the EUR/USD has been bearish for most part of this month. However, the adamant and obdurate support line at 1.3650 has been a major headache to the bears. As a result of this, the southward journey has been limited, e.g. […]

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The outlook remains bearish in the NZD/USD as this pair is below the 200 SMA in the hourly chart. The NZD/USD is trying to form a bullish pattern above the pivot point level of 0.8571. If the pair manages to make a breakout on the resistance level of 0.8603, next target would be the resistance […]