Currency

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD is bullish in the long-term and bearish in the short-term. Price went upwards on Monday and Tuesday, testing the resistance line at 1.2050. After that, a serious bearish correction took place as price went down by roughly 200 pips after the aforementioned resistance […]

There have been many occasions over the last few years where the great and good have called the end of the dollar as the world’s major currency. Indeed, this last week has seen market professionals calling the end of the third great rally since the Nixon shock in very early 70s. Before yesterday’s major market reversal, the […]

This USD/CHF pair is bearish in the long-term, butt neutral in the short-term. The bearish breakout that was seen on August 25 was not significant enough to override the short-term neutrality in the market, unless price breaks the support level at 0.9550 and 0.9500 to the downside, which would happens as the EUR/USD journeys upwards. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is neutral in the short-term, but bullish in the long-term. Price moved sideways from Monday to Thursday, and then broke upwards on Friday. Price gained roughly 150 pips that day, closing above the support line at 1.1900. The bullish movement could take […]

“One thing very good traders have is insight into themselves.” – Chris Tate FUN AND GAMES Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has […]

A virtually empty economic calendar for the UK left the pound on mixed form yesterday, reacting to strength or weakness in its major peers. Today the pound is declining virtually across the board. GBP/EUR is trending at €1.0918, while GBP/USD is in the region of US$1.2875. GBP/AUD has dropped to AU$1.6210, with a similar drop […]

The EUR/JPY went generally bearish last week. Price lost about roughly 200 pips and then bounced upwards on Friday. The upwards bounce has given another good opportunity to sell short at a better price. The demand zones at 128.00, 127.50 and 127.00 may be tested this week. The demand zone at 128.00 was tested last […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the long-term, but neutral in the short-term (for price has been going sideways for about two weeks). Price has been moving to and fro, within the resistance line at 1.1850 and the support line at 1.1650. As long as […]

The EUR/JPY dropped 250 pips last week, almost reaching the demand zone at 128.00. The upwards bounce that happened at the end of the week has given another wonderful opportunity to sell short at better prices in the context of a downtrend. The next targets for bears are the demand zones at 128.50, 128.00 and […]

The EUR/JPY is a neutral market, and the neutrality continued last week. Bull made an effort to push price above the supply zone at 131.00, but the effort proved abortive as price experienced some weakness in the last few days of last week (emphasizing the neutrality in the market). On factor preventing a serious pullback […]