Foreign Exchange

The JPY pairs started this week with upwards gaps, and since then, they have been making bullish attempts. EURUSD: This pair has rejected the recent bearish threat on it. The price moved upwards on Monday, breaching the resistance line at 1.3250 to the upside and trading above it. The Williams’ % Range has supported a […]

Daily chart: The USDX found strong resistance at the 82.51 level and now, the USDX has fallen to the level of 82.12. This could mean the formation of a lower high pattern, but if the USDX does fall to support at the 81.50 level, that could be an indication of a trend change. However, if […]

Daily chart: The GBPUSD continues forming a lower high pattern below that strong resistance at the 1.5642 level. This level is very strong and important to the bullish trend of this pair. If the pair manages to break that level, it is expected to rise to the level of 1.5746, which would strengthen our bullish […]

The fundamentals that were released on Friday, September 6, 2013 caused some corrections in the markets, but the dominant biases are still valid. EURUSD: The dominant bias on this pair is bearish, and the bullish attempt that was brought about on Friday could encounter an immediate check at the resistance line of 1.3200. This week, […]

“Trading rarely takes as much time as you think it will when you get started. Once you’ve nailed the concepts, the actual time it takes to trade is actually measured in minutes, rather than hours.” – Louise Bedford This topic is now a bone of contention among traders. Some say that indicators only confirm what […]

Daily chart: The USDX broke the resistance at the 82.51 level and it is very likely that during the next week, the USDX consolidates above these levels with a lower high pattern. However, we must consider the USDX could make a bearish rebound at current levels, because that level of 82.51 is very strong. The […]

Daily chart: The GBPUSD made a bearish rebound in the level of 1.5642, after having encountered strong resistance at that level due to the bullish momentum that had this pair for yesterday. However, this can be the formation of a lower high pattern, so that the GBPUSD continue to rise and eventually break the resistance […]

Daily chart: The USDX has a slight bearish rebound near the resistance level of 82.51. It is very likely that the USDX start forming a lower high pattern, to continue rising. If the USDX manages to break that level, it is expected to go up to the resistance at the 83.22 level. Furthermore, if the […]

Daily chart: In yesterday’s session, the GBPUSD made a strong bullish movement and now this pair is trying to break the resistance level at 1.5642. If successful, it is expected to rise to the level of 1.5746. We should note that this resistance is very strong and weeks ago, the pair tried to break this […]

Daily chart: The USDX remains strong on a bullish trend, because this is consolidating above the 200 day moving average and the latter have been bullish candlesticks. It is likely that during this week, the USDX achieved up to resistance at the 82.51 level. Recall that this level is very strong and could slow the […]