Euro Crisis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market went sideways from Monday to Wednesday and moved further south on Friday (in the context of a downtrend). The bearish movement would continue this week, owing to a bearish outlook on EUR pairs for the week. Thus, price would test the support […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a choppy market, though movement has generally been bearish. Last month, price went upward to test the resistance level at 1305.78, before dropping thousands of pips. Any rallies that are seen on Gold would be in the context of a downtrend, and as such, would not invalidate the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market consolidated from Monday to Wednesday and then dropped sharply on Thursday and Friday. There is a Bearish Confirmation Pattern in the market, which makes further drop a possibility. Since the outlook on EUR pairs remains bearish for this week (just as it […]

The USD/JPY started making bullish efforts at the beginning of last week, and the efforts were successful. Price gained 170 pips, testing the supply level at 113.50 on Friday. The outlook on the market is bullish for this week, owing to the expected stamina in USD and expected weakness in JPY. Thus, the supply levels […]

The question above is common whenever I come across people who used to be traders. They started trading because they thought it was easy and because they thought they’d strike it rich. Nevertheless, they discovered that trading isn’t easy and after they dashed their heads into the rock many times, they gave up. Whenever one […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral Price went down on Monday and Tuesday, went up on Wednesday and Thursday, and came down again on Friday. This kind of erratic, zigzag behavior has resulted in a neutral bias on the market. This week, a rise in momentum is expected, for price […]

The EUR/USD is bullish both in the long-term and the short-term. However, the outlook on this pair is bearish for this week, and so it is for other EUR pairs. Therefore, the shallow bearish correction that was started last Friday could go on to become something significant as price goes towards the support lines at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, creating a short-term bullish signal, before price got corrected lower on Friday. This week, a movement above the resistance line at 1.1900 would reinforce the bullish bias (an unlikely event). On the other hand, a movement below the […]

The GBP/USD dropped by 320 pips last week, having dropped more than 480 pips since September 25, when the initial “sell” signal was generated. There is a huge Bearish Confirmation Pattern in the market, and further downwards movement is expected this week. There could, however, be a rally before the end of the week. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The pair has been going southward since September 25, having lost about 200 pips. Price moved briefly below the support line at 1.1700, but closed above it on Friday. However, rallies in this kind of market situation often bring good opportunities to sell short […]