Foreign Exchange

The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The pair has nosedive from the resistance line of 1.3800 this week, going towards the support line of 1.3500. EURUSD: The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The […]

The EUR/JPY is forming a bullish pattern at current levels. The pair managed to fill the gap that was left near the support at the 134.25 level, which houses the 200 day moving average. The EURJPY broke the resistance level at 134.74 and now, this pair is forming a lower high pattern below the resistance […]

The bullish bias on the EURJPY is still valid, although the price is currently experiencing some bearish pull. As long as the price trades above the demand zone of 134.00, the price has the probability of a northward journey. EURUSD: It would behoove one to seek a short trade in this market, perhaps setting a […]

The aussie is consolidating below the 200 day moving average, which can strengthen the current bearish trend. The AUD/USD is moving within a low range below the 200 day moving average and the resistance level at 0.9593. If the pair manages to break the 0.9570 level, it’s expected to fall to the level of 0.9517. […]

The EURJPY closed at 134.43 On Friday (October 25, 2013), still breathing the bullish trend. It is likely that the price would continue to trend upwards this week, going towards the supply zone of 135.50 in order to test it again. EURUSD: This currency instrument was able to maintain its bullish stance last week, in […]

LEARN FROM GENERALS OF THE MARKETS – PART 39 “In the end, by becoming astutely aware of what can go wrong, and taking control, we can maintain our winning edge.” – Joe Ross Richard Donchian, who was an American trader and pioneer of managed futures, lived from 1905 until 1993. His parents were Armenians who […]

The NZD/USD has had a sharp decline after having had significant increases in recent weeks. Kiwi found strong resistance level of 0.8511 and has fallen below the resistance level at 0.8423 and 200 SMA. Now, this pair is forming a higher low pattern and if it can break this support level, would be expected to […]

There is a bullish signal on the USDJPY, and the pair may go towards the supply level at 98.50 and 99.00 respectively. EURUSD: The bias on this pair is bullish and in spite of the current consolidation in the price, it is expected to resume its upwards journey. There is a strong support level at […]

The Aussie continues to dominate entirely by the bulls and is expected to this week, this pair further strengthen its trend. The AUD/USD is trying to break the resistance level at 0.9672. If the pair manages to break that level, it is expected to rise to the level of 0.9718. Moreover, this pair is likely […]

Last week, the GBPUSD shot towards the north. Some transitory pullback is normally expected, but the northward bias is valid for this week. EURUSD: The pair moved upwards by more than 140 pips last week, but not after disheartening pullbacks and volatility. This week, it is expected that the upward move would continue, though there […]