Foreign Exchange

LEARN FROM GENERALS OF THE MARKETS – PART 22 “I love my career and am always learning more about trading. I felt my passion for the industry and harnessed it with full commitment.” – Chris Cashman Sam Seiden, a trading genius, started his trading career on the floor of the Chicago Mercantile Exchange. Since 1991, he’s […]

EURUSD Primary trend: Bearish This pair is in a bearish mode, and this is what is expected to continue in the next several trading days. The indicators are showing a Bearish Confirmation Pattern on medium-term charts of the EURUSD. After the support line at 1.3250 has been broken to the downside, the next target would […]

Japan breathed a sigh of relief this morning as the G20 summit in Moscow closed with no direct comment on the continuing decrease in the yen or its potential impact. The Nikkei 225 index (NIK:NI225) gained over 2% today as the yen weakened to 94.10 against the US dollar after reaching 92.25 at the close […]

AUDCAD: BUY The AUDCAD cross is currently in an equilibrium zone. But when a breakout does occur, as it normally would happen, the price is expected to move in a further bullish mode. There is a notion that the Lonnie would soon gain a measure of strength against the Aussie, as buyers are whetting their […]

“The truly successful traders are incredible discipline fanatics. Presumably, it’s not even enough to be more discipline than the average person. You just need to be in the top 10% group. Self-discipline causes the trader to place certain obligations on himself.” – Christian Lukas Being disciplined enough to do what are rights in the markets […]

EURUSD Primary trend: Bearish Recently, the EURUSD started to experience a kind of negligible reversal in the market. But this seemingly negligible reversal has turned out to be significant enough to render the major bullish outlook useless. Based on what is happening on the chart, long trades are no more useful on this market: short […]

USDCAD: SELL The USDCAD market is currently determined to move southward as the analysis here shows. Following a medium term rally in the month of January 2013, the market began to drop last week – something that was serious enough to cause the price to move below the EMA 56 and closed under it. Around […]

LEARN FROM GENERALS OF THE MARKETS – PART 21 “A Trader’s worth is based on how well he dealt with losing trades.” – Paul Wallace Born on June 25, 1932, Julian Robertson is thought of as a father of hedge funds. He graduated from the University of North Carolina in 1955, and then served as […]

What is the major outlook on the Pound Sterling versus the Euro (FX:GBPEUR)? The major outlook is bearish, and apparently there is no way around this bias, for the bear is in power and the bull is morbidly fearful. The fear of the wolf is what will kill the dog. The downwards trendlines show a […]

EURUSD Primary trend: Bullish The EURUSD was able to break out of its recalcitrant equilibrium zone and traded upwards. The indicators on the chart are now pointing to upwards an upward determination. Having moved by over 100 pips after coming out of its equilibrium zone, the price might reach the resistance lines at 1.3700 and […]