Currency

GOLD (XAUUSD) Dominant Bias: Bearish Gold fell by over 8000 points last month, testing the support level at 1084.90 before experiencing a pause in the bearish momentum. Price dived significantly, reaching the monthly low of 108.90 on July 24, 2015. Then it started moving sideways for the rest of the month. The bias on the […]

The EUR/JPY was characterized by high volatility last week, swinging higher and lower in the context of an uptrend. The supply zones at 137.50 and 138.00 could be tested this week, though there are also demand zones at 135.50 and 135.00. A movement below the demand zones could result in a bearish bias. EUR/USD: There […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced a great deal of volatility last week. Price went up on Monday, and then dropped seriously from Tuesday to Thursday. On Friday, price spiked upwards and immediately following that, got corrected to the downside. The high volatility and short-term swings in […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 10 “Negativity is real, but consistent loss is optional.” – A.M. Name: John Arnold Year of birth: 1974 Nationality: American Profession: Retired funds manager, investor and currently a philanthropist Career Raised in an upper-class home, in Texas, USA, John’s dad was an attorney and his mom […]

What is happening on the USD/JPY signifies a serious battle between bulls and bears. Although the recent bullish bias in the market remains intact, it is wise to stay away from this pair until there is a clean directional bias in the market. This clean directional bias should be seen this week. EUR/USD: EUR/USD rose […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the dominant bias is bearish, this pair made some commendable bullish attempts last week. Price moved upwards by almost 200 pips, testing the resistance line at 1.1000. That resistance line is an important price area, since it must be broken to the upside […]

“Nobody can predict the future. A Harvard PhD and a high school dropout have equal skills at prophecy.” – James Altucher It’s no longer a secret that Forex market is the biggest and the fastest-growing market in the world. It’s also not a secret that majority of Forex traders end up sustaining negativity, simply because […]

After the financial meltdown of 2008 the majority of global central banks have slashed interest rates to near zero in addition to unprecedented stimulus plans guided by hope to revive their economies. In 2014 the British economy had a terrific start to the year and economists as well as forex traders were convinced that the […]

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]