26 Jul 2013 @ 19:42
Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]
26 Jul 2013 @ 19:14
LEARN FROM GENERALS OF THE MARKETS – PART 33 “My mood is best when I execute according to my plan regardless of outcome.” – Derek Hernquist Lee Ainslie III is a trader and a self-made American billionaire who lives in Dallas, Texas. He’s happily married with kids. He got his BA at the University of […]
25 Jul 2013 @ 12:30
The GBPUSD is approaching critical levels where this could change its trend. However, the trend remains bullish. This pair is forming a lower high pattern, below the resistance level of 1.5378 and below the SMA 200. If the pair manages to break that level, it is expected to rise to the level of 1.5515. However, […]
24 Jul 2013 @ 11:39
The EURUSD continues to consolidate up and still no signs of change in trend, so this pair is very strong. EURUSD continues forming a lower high pattern, below the resistance level of 1.3241 and above the SMA 200 at the level of 1.3117. If the pair manages to break that level, it is expected to […]
22 Jul 2013 @ 20:18
In the last several trading days, the currency instruments have been able to maintain their overall outlook, though the majors do not move that significantly, except the JPY pairs. The EUR and the GBP are strong, while the JPY and the USD are weak. Matching these weak and strong currencies together with sensible logic would […]
22 Jul 2013 @ 14:50
The AUDUSD is trying to continue its bearish trend, but this is within a range that generates a lot of volatility in the Aussie. AUDUSD is within a range between 0.9302 and 0.9028. This pair has to make a break for some of these levels, in order to be clear about the trend of this […]
20 Jul 2013 @ 17:16
Mindset matters a lot. Yes, when one is agitated and angry, she/he may stay out of trading. It’s best to trade when the mind is fresh or the mood is better. We make profits from big and small risks. Small risk brings small profits and small losses. Big risk brings big profits and big losses. […]
19 Jul 2013 @ 19:49
Recently, I went to a local cash office. There were many customers there, and while I was waiting for my turn, a man asked me what I did for a living. I was happy to reply him that I’m a Forex trader and a market analyst. “Forex,” the man said, “ruined many people, including me, […]
18 Jul 2013 @ 11:25
The EURUSD remains strong in the current bullish trend is likely to continue rising, during this week. EURUSD is forming a pattern lower high resistance below the level of 1.3175. If the pair manages to break that level, it is expected to rise to the level of 1.3282. On the other hand, we must bear […]
17 Jul 2013 @ 09:53
The EURGBP continues to consolidate in the current bullish trend, while it tries to form patterns to strengthen bullish trend. Days ago, the EURGBP made a bullish rebound in the 200 day moving average near 0.8509 level. Then, the pair broke the resistance level at 0.8613 and now, it’s trying to climb to the resistance […]
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