Foreign Exchange

“I knew that, if I wanted to be successful, I needed to work smart, not hard.” – Marcello Arrambide Do not place too much emphasis on the trade you just opened. It might win or lose –and that’s how it’ll always be. If it wins, the gain should be decent if you let your profit […]

The kiwi is trying to consolidate above support at 0.8317 level The NZD/USD has made a bullish rebound on the support at the 0.8317 level and now this pair is trying to get back up to resistance level at 0.8348. If the pair manages to break this support level, would be expected to fall to […]

The EUR/JPY is recovering from falls that took a few days ago. This pair is forming a higher low pattern near the 131.85 level. The EURJPY could rise to the resistance level at 132.75 but this pair has been too weak, so we could see further dips to support at 130.72 level. However, if the […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, US politicians have decided that the best thing for the nation is to allow its government to go into partial shutdown rather than back down on conflicting budget views surrounding a presidential policy aimed at making medical care affordable […]

The EURJPY is now in a bullish retracement, and there is a supply level at 132.00. EURUSD: Irrespective of the range movement that has been characteristic of this pair so far, the overall bias is still bullish. The EMA 11 is above the EMA 56: the Williams’ % Range is close to the oversold area, […]

The AUD/USD is trying to grab a bullish momentum. The Aussie is trying to break the resistance level at 0.9466. If the pair manages to break that level, it is expected to rise to the level of 0.9664, where is located the 200 day moving average. On the other hand, is likely that AUDUSD will […]

The vivid southward reversal on the cable has resulted in a new bearish bias on the pair. Right now, the accumulation territory at 1.6000 is about to be breached. EURUSD: This pair trended upwards last week, but the current southward reversal in the market is a threat to the bulls’ interest. Should this go further […]

In the face of the general weakness of the greenback, the EURUSD has been able to move upwards this week. EURUSD: In the face of the general weakness of the greenback, the EURUSD has been able to move upwards this week. The price has moved upwards by roughly 140 pips. There is a possibility that […]

The NZD/USD looks to consolidate above the 200 day moving average, so the bullish outlook is kept alive. The kiwi is forming a lower high pattern below the resistance level of 0.8380. If the pair manages to break that level, it is expected to rise to the level of 0.8528. On the other hand, the […]

The EUR/JPY is about to play the bullish trend line, where it could find support. The EURJPY has been strengthening its current bearish trend on the daily chart, but we must be alert to a possible rebound bullish trend line on there near the current price of this pair. In case of the bullish rebound, […]