21 Sep 2015 @ 05:50
The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]
19 Sep 2015 @ 21:54
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]
18 Sep 2015 @ 10:59
After the U.S Federal Reserve Meeting of thursday, EURUSD rallied to new highs, after a successful breakout around the 1.1386 level. We’re still expecting more highs to be reached in the near-term, but before that, expect a higher high pattern for a later rise until the resistance level of 1.1488. If that leves gets broken […]
18 Sep 2015 @ 08:28
“I’ve not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison “…If trading is only about money, you have very little chance of success.” – Dr. Van. K. Tharp In recent times, some people have questioned the morality of online trading. Obviously, the question comes from lack of real understanding of trading. […]
16 Sep 2015 @ 20:31
Imagination Technologies Group stock (
LSE:IMG) should keep on trudging upwards, despite all odds. This is a choppy market, in which the bulls have been making somewhat successful attempts to push the price upwards. The price broke upwards in the early part of September 2015 – above the upper Trendline. The price went back into the […]
16 Sep 2015 @ 20:11
Glencore International shares (
LSE:GLEN) have been plunging and they would continue to plunge. This is a strong bear market and it is expected to continue. The only sensible thing to do here is to go short, for expert traders follow the line of the least resistance, cutting small losses along the way (which they tend […]
14 Sep 2015 @ 07:23
The EUR/JPY cross, which is now one of the strongest trending among the majors, moved upwards by 400 pips last week. The price is now close to the supply zone at 137.00, and it is possible that the supply zone would be breached easily when the market opens. The next targets for this week are […]
13 Sep 2015 @ 06:17
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish As it was mentioned in the last forecast, bulls made effort to push EURUSD upwards, and they were successful in doing that. Before this, the market consolidated for the first few days of the last week and then broke upwards, giving the resistance line […]
12 Sep 2015 @ 19:03
AUDCAD = Buy USDCAD = Buy EURCAD = Buy CADJPY = Sell CADCHF = Sell GBPCAD = Buy NZDCAD = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
11 Sep 2015 @ 10:15
We saw a strong bullish consolidation held by the EURUSD above the 200 SMA at H1 chart during this week. Now, it seems the pair is preparing the ground to test new monthly highs, because current structure is already showing some higher swings formations. MACD indicator is reaching oversold conditions on this timeframe and that’s […]
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