Foreign Exchange

The EURGBP has moved into low range in recent days, but with a clear bearish bias. This pair is consolidating below the 200 day moving average, after the EURGBP has found resistance at 0.8288 level. If the pair manages to make a breakout in the support level of 0.8242, next target would be the level […]

“We have discovered that in most cases the systems used by the best are relatively simple, based on a limited number of recurring setups that allow the trader to go with the flow of the market created by the “big players.” – Dr. Dariusz Swierk I was thinking of postposing the announcement of the minors […]

Since last week, the Cable has been bullish, and the target for this week is at the distribution territory at 1.6700. EUR/USD: This remains a bear market in spite of its attempt to rally. The rally is simply a good shorting opportunity; for the price would simply go down to test the support line at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market: the Euro weakness is clearly noticeable. With the Bearish Confirmation Pattern in the market, it is normally expected that the trend would continue going downwards, breaking the support line at 1.3700, and reaching the ultimate target at 1.3650. The […]

“Everyone is following the economy, but I’m following the market.” – Joe Granville There are those who invest successfully using only fundamental figures, and there those who successfully trade using only technical analysis. There are those who combine the two types of analyses and make money. Nevertheless, I can see that many investors believe so […]

The AUD/USD is stable in the current bullish trend. This pair is forming a bullish pattern above the pivot point at the level of 0.9153. If the pair manages to make a breakout on the resistance level of 0.9186, next target would be the level of 0.9208. On the other hand, if the aussie manages […]

The NZD/USD is kept moving at a low range from several days ago. The kiwi is consolidating above the 200 SMA and the pivot point at the level of 0.8541. If the pair manages to make a breakout on the resistance level of 0.8569, next target would be the resistance level of 0.8593. On the […]

The USD/JPY went bullish last week, closing at 102.25. For the bullish outlook not to become invalid this week, the price must stay above the demand level at 102.00. EUR/USD: This is a bear market. The price fell last week, touching the support line at 1.3750; and from that point, the price bounced upwards by […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish It should be noted that the surge of strength in the Greenback has resulted in new dominant biases in the markets. This pair has been forced to show a Bearish Confirmation Pattern on it (the GBP/USD has also gone bearish), while the USD/CHF has […]

“Only execute the trade when the chart matches your plan, if it doesn’t – no trade.” – Gavin Knoesen Intelligent speculation includes some salient aspects like opening of trades, trade management, emotions control and strategy optimization. There is no way around the fact that these salient aspects can never be avoided by active traders, but […]