Banks

The USD/CHF managed to climb above the great psychological level at 1.0000 last week, and testing the resistance level at 1.0100. Price may be able to target the resistance level at 1.0200 this week, but any signs of weakness in USD may send the pair plunging below the psychological level at 1.0000. EUR/USD: This pair […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair went downwards last week, going below the resistance lines at 1.0650 and 1.0600. Since November 9, price has come down more than 700 pips, leading to a very strong bearish bias on the market. There is a possibility of further downwards movement, […]

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The USD/JPY is already in a bullish mode, as forecasted last week. Price consolidated on Friday and closed above the demand level at 106.50. The next target for bulls are located at the supply levels of 107.00, 107.50 and 108.00. The outlook for most JPY pairs is bullish for this week, and therefore, further bullish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair started a bearish movement on Monday, which was briefly interrupted by a massive rally, caused by the U.S. presidential elections results. Price rallied 280 pips on Wednesday and started coming down that day, forming a Bearish Confirmation Pattern in the market. The […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 21 “Trading shares many similarities with another past-time I enjoy: strategy games. I love playing chess, and I think trading and chess require a similar set of characteristics to do well — they require that you act thoughtfully, never impulsively.” – Ron Kapar Name: Bill […]

Donald Trump is to become the new President of the United States of America. Whichever way you look at it, fair and square the numbers were read out and surprising to some he come out on top. Amongst protests and anguish from Democrat supporters, some investors were not surprised and have used Brexit as a […]

After a long, drawn out political campaign, the US Presidential Election has drawn to a close, with Republican candidate Donald Trump elected to take over the reins and move into the White House. Just like Brexit, the polls that emanated throughout have been completely inaccurate, having predicted Hilary Clinton as favourite in the Presidential race. […]

The GBP/USD went upwards by 370 pips last week, testing the distribution territory at 1.2550. This has led to a bullish bias in the short-term, and additional movement of 1000 pips to the upside would also result in bullish bias on a bigger timeframe like the daily chart. Unless USD gathers lots of stamina this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price […]