Foreign Exchange

Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The outlook on this pair remains bullish unless the price crosses the support line at 1.3650 to the downside. Right now, the price action looks like a clean opportunity to buy long when there is a dip in the price and in the context […]

“The simplest trades are usually the best ones.” – Michael Hewson There are no guarantees in the markets, but there are certain things you can do that would ensure your continuous victory. Interestingly, there’s also one bet you can make and reap sure gains from – as far as your long term investment goals are […]

AUD/USD had a profound drop to support level of 0.8957, after a negative HSBC Flash Manufacturing PMI 48.3 (49.4 expected) was published. Now, the aussie has consolidated below the 200 SMA and next target would be the support level of 0.8929. However, if this pair makes a bullish rebound at current levels and makes a […]

The EUR/GBP remains below the pivot point at the level of 0.8237 and above the 200 SMA. It is very likely that this pair find resistance at current levels and make a bearish rebound with the goal to support level of 0.8215, as the EURGBP has not had sufficient power to consolidate above the resistance […]

NZD/USD has found strong support at the 0.8348 level, where the pair is expected to perform some corrective moves. The kiwi could perform a bullish rebound above that level and up again to the pivot point at the level of 0.8370. However, if the pair manages to make a breakout at the support level, the […]

AUD/USD has reacted positively after the RBA meeting in the early hours of the Asian session today. This pair started the session below the pivot point at the level of 0.9040 and after the publication of the RBA statement, which was optimistic, the aussie was consolidated above that level and is now tratandod and make […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): Since a ‘buy’ signal was generated on Gold in early February 2014, it has moved upwards by over 8000 points. The bullish outlook on the market is very strong, and therefore, a bullish continuation would be spurred on by further buying pressure. This is […]

The Cable was able to move more than 350 pips last week, closing at 1.6747. The target for this week is at the distribution territory of 1.6800, though there are possibilities of transitory pullbacks. EUR/USD: This pair has been able to maintain its upward journey, moving close to the resistance area at 1.3700. For the […]

The reversals that started recently have succeeded in establishing themselves as new biases. The new biases are supposed to continue. Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The reversals that started recently have succeeded in establishing themselves as new biases. The new biases are supposed to continue. Since a bullish signal […]

This has been a week Bitcoin advocates would probably rather forget. At the start of the month 1 bitcoin would set you back about $960. Today it will cost you $422. What the hell happened? Back on Monday (10 Feb) we saw prominent exchange MT Gox halt trading and stop withdrawals of bitcoins. Then Bitstamp, […]