Technical Analysis

Daily chart: CL is forming a lower high pattern, below the resistance level at 106.70. Is likely that the CL will find resistance at this level, however, there is also the possibility that it may break, because the CL is very strong in its current bullish trend. If the CL manages to break that level, […]

Daily chart: This pair continues to fall below the 200 day moving average and is about to touch the support level at 1.5407. This level is very important in the GBPUSD’s bullish trend, because this could slow the current drop of this pair, but if the force bearish break reaches this level, it is expected […]

Daily chart: The USDX is trying to break the resistance at 81.50 and if it succeeds, it is expected to rise to the level of 82.51, in the medium term. However, we must emphasize that it is very likely that the USDX is forming a higher low pattern, to continue falling. If the USDX makes […]

Daily chart: The GBPUSD bounced off the resistance level at 1.5506 and now this pair is falling below the 200 day moving average and is expected to fall to support at the 1.5407 level. If the pair manages to break that level, it is expected to fall to the level of 1.5266. However, the bullish […]

The JPY pairs have been caught in significant bullish movements as more and more supply levels are being breached to the upside. EURUSD: The EURUSD is still in a bullish mode, irrespective of the fact that the bullish outlook is in a serious jeopardy. It can be seen that the price currently rests on the […]

Pound Sterling – The Pound began the week on a positive note after economic data continued to support hopes that the UK economy is making a strong recovery. A better than expected services PMI climbed from 56.9 in June to 57.4 in July. To ask a currency expert a question direct, click HERE Or to […]

Daily chart: The CL made a bullish rebound on the support at 103.85 level. Now, the CL is trying to climb to the resistance at the 106.70 level. If the CL manages to break that level, it is expected to rise to the level of 109.93. On the other hand, we must consider the CL […]

Daily chart: The USDJPY is strengthening its bearish trend and now, it’s forming a higher low pattern, above the support at the 96.38 level. If the pair manages to break that level, it is expected to fall to the level of 94.53. This pair will look for the moving average of 200, because this bearish […]

The EURJPY was largely bearish last week, and it would possibly breach the demand zone at 128.00 to the downside this week. EURUSD: This pair went upwards last week, testing the resistance line at 1.3400 before bouncing downwards. The downward bounce is deemed a correction in an uptrend, especially as long as the price is […]

LEARN FROM GENERALS OF THE MARKETS – PART 34 “There’s no doubt that the RRR is tremendously important. To get big profits, you have to take minor risks.” – Larry Williams Emilio Tomasini is an Italian Professor of Corporate Finance at University of Bologna, and he’s a full time market speculator, trading several financial markets. […]