23 Dec 2013 @ 10:38
The USDJPY moved upwards by over 170 pips last week, challenging the supply zone of 104.50 before retracing southward. The southward retracement would be temporary, for the price would soon trade further upwards. EURUSD: This pair gave a bearish signal last week – something that is still valid. There has been some rally in the […]
21 Dec 2013 @ 19:39
LEARN FROM GENERALS OF THE MARKETS – PART 43 “Day trading strategies offer a shortcut in order to become profitable much quicker with a proven system.” – Marcello Arrambide Jeff Cooper (not to be confused with another popular Jeff Cooper who was an American Marine and an expert on the use of small weapons) started […]
20 Dec 2013 @ 10:17
The EUR/JPY is very strong and solid in the bullish trend, which is very normal current corrective movements. This pair is consolidating above support at 142.18 level. Now it is very likely to go up to the weekly resistance level of 142.80. Moreover, if this pair does break the support at the level of 142.18, […]
17 Dec 2013 @ 19:51
The EURJPY pulled back last week and is currently being stabilized. The Bullish Confirmation Pattern is still valid on the chart, and when there is a breakout again, it might be in favor of the bulls… EURUSD: Despite the failure to breach it in recent times, this pair is going again towards the resistance line […]
17 Dec 2013 @ 16:08
The AUD/USD has been very weak in recent days and is likely to continue with this pair that weakness. The aussie is finding support on the level of 0.8929, a fairly hefty monthly level since the AUD/USD has failed to make a breakout there. If this pair takes a bullish rebound at current levels, it […]
16 Dec 2013 @ 17:44
The protracted bearish correction on the GBPUSD has finally become a bearish signal. From the distribution territory of 1.6450, the price has dropped by over 150 pips. EURUSD: It seems this pair may not be able to go above the resistance line of 1.3800, especially in the face of a current lease of strength in […]
16 Dec 2013 @ 01:39
The USD/MXN has been moving in an area that produces a lot of indecision among investors. This pair is currently below the 200 day moving average, but not found many pips away, as the SMA 200 is close to the 12.94 level. If USDMXN manages to break the support level of 12.85, it’s expected to […]
14 Dec 2013 @ 18:33
LEARN FROM GENERALS OF THE MARKETS – PART 42 “Learn from failures, try again differently, fail, and try again. Your odds keep improving the more you try.” – Kenneth L. Fisher: Kenneth L. Fisher was born in November 29, 1950, in San Francisco, California, USA. He’s the 3rd and youngest son of Philip A. Fisher, […]
10 Dec 2013 @ 19:00
The JPY pairs are strongly bullish, breaking new highs and supply zones. This outlook may continue this week, but there may be some fleeting bearish corrections along the way. EURUSD: This pair has moved upwards by over 46 pips this week, in what could be called a slow and steady bullish journey. The Bullish Confirmation […]
10 Dec 2013 @ 16:10
The kiwi has sought to consolidate its current bullish trend above the 200 SMA, which could be a clear indication that the bulls want to stay in the battle. The NZD/USD has consolidated above the weekly pivot point at 0.8237 level and is very likely to pair up to resistance level at 0.8335. However, we […]
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