17 Apr 2014 @ 17:55
“It is not so important to be right, but how to make money when you are right.” – Ivan Hoff I remember what happened at one interesting trading conference I attended about 5 months ago. It was an interesting conference indeed. At one stage, the moderator showed us a EURUSD chart (whose dominant trend was […]
17 Apr 2014 @ 15:01
The EUR/GBP continues to fall below the 200 SMA, in an effort to consolidate the current bearish bias. This pair is forming a bearish pattern below the pivot point level of 0.8236. Now the EUR/GBP aims at support level of 0.8206. If the pair manages to make a breakout at that level, would be expected […]
16 Apr 2014 @ 08:45
The AUD/USD began this week with a strong bearish bias. The aussie is trying to make a bullish rebound on the 200-day moving average, which is close to the support level of 0.9339. If the AUD/USD manages to make a breakout to the pivot point of 0.9373 level, it’s expected to rise to the level […]
15 Apr 2014 @ 12:19
The EU/RJPY is stable above the support level of 140.41. This pair is moving in a low range below the 200 SMA. However, the bearish outlook remains alive while the EUR/JPY remains below the pivot point at the level of 140.75. If this pair makes a breakout at that level, the next target would be […]
14 Apr 2014 @ 08:11
The USD/CHF is weak and it is currently challenging the support level at 0.8750. Once the support level has been overcome, the price would go to the next target at 0.8700. EUR/USD: This currency trading instrument closed at 1.3884 on Friday, April 11, 2014. It closed on a bullish note, which means that the price […]
11 Apr 2014 @ 17:21
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair rejected the recent southward pull on it, trended upwards and resulted in a confirmed bullish bias. From the support line at 1.3700, this market has moved upwards and it could test the resistance line at 1.3950. Testing the resistance line at 1.4000 […]
11 Apr 2014 @ 15:03
The kiwi has fallen to the 200 day moving average after published fundamental news in New Zealand that negatively affected this currency. The NZD/USD is trying to find support on the 200 SMA with the formation of a bearish pattern near to the support level of 0.8634. If the pair manages to make a breakout […]
10 Apr 2014 @ 09:58
LEARN FROM THE GENERALS OF THE MARKETS – PART 47 “We are easily deceived when we are told exactly what we want to hear.” – Malcolm Robinson Ray Dalio was born in August 1, 1949, in Jackson Heights, Queens, New York, United States. He’s an American hedge fund guru. Being a son of an artiste […]
09 Apr 2014 @ 12:30
The EUR/GBP remains strong in the current bearish bias, so it is advisable to follow the current trend. The pair opened the Asian session below the pivot point at the level of 0.8247. If the EUR/GBP manages to make a breakout in the support level of 0.8221, next target would be the 0.8205 level, which […]
08 Apr 2014 @ 13:18
The Aussie remains above the 200 SMA and the pivot point. The AUDUSD is forming bullish patterns above the pivot point at the level of 0.9272, so it is very likely that this pair rise to the resistance level of 0.9291. If the pair manages to make a breakout at that level, the next target […]
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