Foreign Exchange

Great traders are made, not born. Does age have to do with successful trading? Well, experienced traders tend to be older than inexperienced traders. Analyses of different pairs and crosses would help the trader gain the overall insight into what is really happening in the markets. For example, all JPY pairs tend to be positively […]

Pound Sterling – With UK markets closed for a national holiday it was a slow start to the week for the Pound. Although Sterling went on to weaken against the US Dollar as UK retail sales dropped to a 16-month low, it was able to recoup losses as separate reports showed a surge in British house […]

LEARN FROM GENERALS OF THE MARKETS – PART 29 “Experience taught me that experts are wrong most of the time. The reason for my success in the financial markets is the fact that I see the world from another point of view.” – Jim Rogers James B. Rogers was born in October 19, 1942 (Baltimore, […]

In the yesterday’s session, EURUSD was very bullish, breaking major resistance levels on the way, which drastically changed the general trend of this pair. Finally, the EURUSD broke again the resistance at 1.3000 psychological level, after remaining in a range between 1.2950 and 1.2800. Now, the EURUSD is forming a lower high pattern, in order […]

In yesterday’s session, the USDJPY was bearish and is now trying to break important supports. The USDJPY is trying to break the support at the 100.41 level, risking their bullish trend in the short term. If the USDJPY breaks that support, is expected to fall to the level of 99.50. On the other hand, it […]

The Aussie continues to weaken and is expected to be down more, if you can break important supports. The AUDUSD ended to form a higher low pattern and fell from 0.9800 to 0.9588 level, where it formed a strong support. It is very possible that the AUDUSD bullish start making rebounds above this support, because […]

The EURUSD is approaching very important levels and forming important patterns, which could set the trend for the long term. On the weekly chart, the EURUSD stays below the 200 day moving average and as we can see clearly, has finished forming a head and shoulders pattern, very important to help us analyze the trend […]

The currency markets are experiencing sharp reversals in the face of major biases, which could be pullbacks or potentially new signals. If you look at your charts more carefully during a busy trading period, you would observe that instruments do not move in straight lines. This is a propensity in the markets; a major bias […]

Trading is difficult only for those whose mindset goes against the real truth about trading. There are some universal trading principles that guarantee success in the long run. And it must be adopted by all traders. The reality is that scalping isn’t the old man’s trading style: it’s the young man’s trading style. The more experience […]

Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]