Currency

As it was forecasted at the beginning of last week, GBP was able to rally against some majors, as witnessed on GBP/CHF, GBP/NZD, EUR/GBP, GBP/JPY, etc. GBP/USD was also able to rally last week, starting from the accumulation territory at 1.4150, and reaching the distribution territory at 1.4450. This is a movement of 300 pips, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair was bearish last week. Bulls tried to push price upwards. But as a result of severe opposition from bears, price came down on Friday, following the volatility that occurred on Thursday. There is a “sell” signal in the market, and it may […]

“Although I’ve witnessed uncountable demo contests the world over, these are the most impressive results I’ve ever seen, despite the vagaries of the markets.” – Analyst75 Honestly, my plan for this week was to post an article about Alan Howard, a self-made billionaire trader, in our Master Traders series. Nonetheless, I’d to change my mind […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral EURUSD traded lower last week, testing the support line at 1.1250, to close at 1.1282 on Friday. The movement of the price has essentially been sideways since the beginning of April and there is no significant directional journey till now. However, there is a […]

“In tutoring others, I realized that most of the people attempting to trade had no idea what the markets were about, and no idea of what they were doing.” – Joe Ross Helping People Is Almost Impossible Many people disturb trading pros, begging for help in their trading. They want to learn good trading approaches […]

Since March 29, 2016, the USD/JPY has dropped by 600 pips. Last week, the drop was over 350 pips. There is a strong Bearish Confirmation Pattern in the chart, which would hold out as long as the price continues to journey southwards. This week, bears would target the demand levels at 107.50, 107.00 and 106.50. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In the context of a downtrend, EURUSD consolidated throughout last week. One big formidable barrier to further northward journey is the resistance line 1.1400 (though the resistance line at 1.1450 was also tested). Bulls were unable to breach the resistance line at 1.1400 to […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 6 “We do not have a crystal ball, so we do not know when this current losing period will end. However, we can look in the rear view mirror and see that when we experienced periods like this before, not only did we survive, but […]

PayPal shares (NASDAQ:PYPL) are poised to trend upwards as revealed in the daily chart. The upward trend would continue for some months. In February 2016, price broke upwards and closed above the upper Trendline. Since then, the price has not returned into the Trendlines. The current price action shows that the bulls are determined to […]

GOLD (XAUUSD) Dominant Bias: Bullish On the daily chart, Gold is in an uptrend; whereas a lower timeframe like the 4-hour chart shows that there is bearish pressure on the market. In the context of an uptrend, price was engaged in a bearish correction throughout the month of March, causing price to reach a monthly […]