Currency

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as […]

FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave 3 of a long term five-wave decline [i,ii,iii,iv,v (circle)] started from 6447.5. Seasonal influence is positive and the S&P is still in the uptrend, but sentiment has turned bearish and the 13-period MA has crossed below the 55-period MA […]

AUDCHF = Sell USDCHF = Sell EURCHF = Sell CADCHF = Sell CHFJPY = Buy GBPCHF = Sell NZDCHF = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

AUDJPY = Sell AUDUSD = Sell EURAUD = Buy AUDCAD = Sell AUDCHF = Sell GBPAUD = Buy AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

Last week, the EUR/JPY rose from the demand zone at 130.00, testing the supply zone at 134.50. This was a movement of 450 pips, which was an exponential movement brought about by the great stamina in the EUR. The price is currently consolidating, but we might witness further bullish breakout in the market, since the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There was a sudden and fast bullish breakout on EURUSD, which made it go upwards 450 pips, testing the resistance line at 1.0950. The price consolidated after that, till price closed last week. The bullish breakout has abruptly overturned the recent bearish trend in […]

GBPAUD = Sell GBPUSD = Sell EURGBP = Buy GBPJPY = Sell GBPCHF = Sell GBPCAD = Sell GBPNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

GOLD (XAUUSD) Dominant Bias: Bearish The Thanksgiving effect did not take place last week, as Gold generally moved sideways, without any significant drop. This effect has not taken place for 3 years in a row, though that does not mean it would not take place in November 2016. The dominant bias on the market is […]

The EUR/JPY has shown determination to keep on moving downwards. The bias is bearish and this would continue as long as the EUR is weak. The price looks ready to break the demand zone at 130.00 to the downside. Only a very strong weakness in the JPY could reverse the trend. EUR/USD: The EUR/USD merely […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD only consolidated to the downside last week, in the context of a downtrend. There are resistance lines at 1.0750 and 1.0800, which could check rally attempts. There are also support lines at 1.0500 and 1.0450, which are the targets for bears, since further […]