Currency

As it was forecasted, the USD/CHF was able to move upwards by 160 pips last week, closing above the support level at 0.9900. The next target should be the resistance level at 1.0000, which means a parity area for USD versus CHF. However, there is one challenge the bulls might face this week, and that […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went downwards last week, closing below the resistance line at 1.1250. There is a bearish bias on the market, and the support lines at 1.1150 and 1.1100 could be tested. The only thing that can make this happen is continuous stamina in USD […]

EUR/USD DMI: Bearish Sentiment bearish MACD : bearish RSI: Neutral Moving averages crossover: bullish       EUR/USD: Indicators are mostly bearish and the Elliott wave is wave A down. The euro is tracing out wave A of a downward zigzag [A,B,C]. The pattern is a long term triangle [(A),(B),(C),(D),(E)]. wave (C) is over and […]

Strat Aero stock (LSE:AERO) is really a falling knife, despite the current consolidation in the market. When there is a breakout in the market, it would be in favor of sellers, as shown in the price action below. The price has been trending downwards since December 2015 till now. This is a kind of market […]

The EURUSD went downwards last week – a movement that has generated a bearish signal in the 4-hour chart. As it was mentioned last week, the outlook on this pair is bearish and further southward movement is expected this week, which could make the price go towards the support lines at 1.1250 and 1.1200. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair simply moved sideways in the first few days of last week – a result of deadlock between bulls and the bears. On May 12, 2016, the bears were pummeled and forced to give way, as price moved south vividly, just as it […]

The USD/CHF went down on Monday and Tuesday, dipping into the support level at 0.9450. From that support level, further downward movement was rejected as the price started a smooth rally, which took it above the support level at 0.9700. This has resulted in a bullish signal: the price is expected to rally further this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral EURUSD went upwards on Monday and Tuesday, topping at 1.1615. Since then, price has come down by over 200 pips, closing at 1.1403 on Friday. It is clear that the gains made by bulls have been erased by bears, but the bias on the […]

A Crucial Question from All Traders A positive expectancy method makes you risk less than you plan to win; reverse the logic for a negative expectancy method. Therefore, a negative expectancy trading method is what you must abandon, for there is no reason for you to abandon a positive expectancy method. There is no trading […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold was quite choppy in the first three weeks of April 2016, characterized by short-term upswings and downswings, all in the context of an uptrend. In the last week of April, Gold experienced a sustained trending movement. Price moved upwards by 6500 pips last week alone, breaking one resistance level […]