Currency

The USD/JPY cross has continued the bullish journey it started on August 26, 2016. Since then, price has gone upwards 400 pips, now around the supply level at 104.00, which was tested last week and could be retested this week. This bias on this pair, as well as other JPY pairs, is bullish. Until there […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went bearish last week, closing at 1.1152 on Friday. Bulls made serious effort to push price upwards on Thursday and Friday, but bears came with stronger hands to effect a movement to the downside. There are support lines at 1.1100 and 1.1050, which […]

Trading Forex means understanding the art of short term speculation through selling and buying different currencies against others. At ForexSQ we care about traders’ education, thus we remind people that Forex trading is far more risky than you can imagine when you first come to it and could bring large losses for the newbie. Why […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold generally consolidated from August 1 to 19, 2016; and then began moving south perpetually. The southwards movement was significant enough to have brought about a bearish bias on the market. Price has gone down 3500 pips since August 22, making it illogical to seek short trades right now. Further […]

The USD/JPY consolidated from Monday to Friday, and then broke upwards on Friday. Since price has been consolidating for about two weeks, the breakout on Friday is yet to bring about any dominant bias in the short-term. The bias would turn bullish only after price goes above the supply levels at 103.00 and 103.50. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bias on this pair is precariously bullish. Price came down 120 pips on Friday, in the context of a weak uptrend. A movement below the support line at 1.1100 would result in a clean Bearish Confirmation Pattern in the market, while a movement […]

TAPPING PROFITS WITH AN INTRADAY STRATEGY “As traders, we should never stop learning, because the markets are never going to stop teaching. Continuing to learn is a vital part of becoming a better trader.” – Track ‘n Trade You may have heard that FX trading is all about combining strong currencies with weak currencies. Well, […]

The USD/CHF plunged into the support level at 0.9550 last week, closing above the support level. There is a Bearish Confirmation Pattern in the chart, and further downwards plunge could happen this week. However, a possible weakness in CHF, coupled with a possible weakness in the EUR/USD, might aid a significant rally in USD/CHF. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD went upwards 200 pips last week, testing the resistance line at 1.1350 before the current shallow retracement. Price may be able to target the resistance lines at 1.1400 and 1.1450 this week, but bulls might encounter some challenges doing this. There is a […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 15 “It seems that these days few traders are interested in trading long-term. The monthly and weekly charts remain relatively unnoticed. Traders are so busy looking at anything and everything from 60 minutes down to 1 minute, that they let beautiful trades slip right by […]