Currency

The EUR/JPY cross, which is now one of the strongest trending among the majors, moved upwards by 400 pips last week. The price is now close to the supply zone at 137.00, and it is possible that the supply zone would be breached easily when the market opens. The next targets for this week are […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish As it was mentioned in the last forecast, bulls made effort to push EURUSD upwards, and they were successful in doing that. Before this, the market consolidated for the first few days of the last week and then broke upwards, giving the resistance line […]

AUDCAD = Buy USDCAD = Buy EURCAD = Buy CADJPY = Sell CADCHF = Sell GBPCAD = Buy NZDCAD = Buy 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 […]

The Cable plunged by 260 pips last week, closing below the distribution territory at 1.5200. The accumulation territory at 1.5100 could be tested this week, unless the bulls push the price upwards above the distribution territories at 1.5300. This means that we would see some bullish effort this week. EUR/USD: For the most of the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Though EURUSD consolidated in the most part of last week, the bias on the market is bearish, for bullish pressure has seriously lost steam. The pair has consolidated to the downside and it might reach the support lines at 1.1100 and 1.1050. Nonetheless, bulls […]

“Illusions are something pleasant. The disadvantage is that they tend to burst like a burble.” – Wolfgang Kurz “It is true that the market is brutal to most of the people who challenge it. But so is Mount Everest, and that should not – and does not – stop people from trying to reach the […]

EUR/USD: The last two weeks were characterized by the strongest movement on the EUR/USD in this year. From the support line at 1.1050, the price skyrocketed and peaked at the resistance line of 1.1700 (within a few days). From that peak, the price has been corrected by over 520 pips. This correction has been serious […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week witnessed the greatest volatility in the markets since January 15, 2015. Between August 19 – 24, price went upwards by 680 pips, topping at the resistance line of 1.1700. Immediately the resistance line was tested, price began to retrace steadily and gradually. […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 12 “I am actually trading because I learn a lot of important life lessons from it. Trading helps me get to know myself. It helps me think about why I believe things and why I do things.” – Van Eekelen Name: Michael Platt Date of Birth: […]

Aldermore stock (LSE:ALD) has been consolidating for some time – in a context of an uptrend. Is it now the time to take your profits, for a fear of a bearish breakout? No. The price has now gapped upward, ready to go bullish. The consolidation is still in place. The ADX period 14; and of […]