05 Mar 2015 @ 23:20
At the H1 chart, the AUDUSD is showing weakness below the daily pivot point level of 0.8171. In the near term, the bears could start to dominate the Aussie’s trend and if the pair breaks the support level of 0.8136, it would be expected to fall until the level of 0.8069. It should be noted […]
05 Mar 2015 @ 09:56
“When I was 20 to 25 years younger, every move in the markets would make me excited. By the mid-90s, I got my emotions under control. I learned to focus on eliminating risk on the front end, so that I would have fewer problems on the back end.” – David J. Merkel Mr. Liam* was […]
04 Mar 2015 @ 09:51
USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = 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 […]
03 Mar 2015 @ 22:09
The EURJPY is finding support at the level of 133.52, as the pair stays alive in the bearish outlook below the 200 SMA. In case it breaks that support zone to the downside, the next target is located at the level of 133.29, but before, we should see a lower low pattern formation. In the […]
03 Mar 2015 @ 08:02
GOLD (XAUUSD) Dominant Bias: Bearish Gold was bearish for the most part of the last month and there is a possibility that it would continue to be bearish this month. There has been a series of higher lows and lower lows in the market and the current higher low may be another opportunity to sell […]
02 Mar 2015 @ 16:58
The EUR/JPY trended downwards last week, owing to the weakness in the EUR. The price tested the demand zone at 133.50 and further bearish movement was rejected around that place. There is now a faint bullish effort in the market and the supply zones at 135.00 and 135.50 can be attained this week. The outlook […]
01 Mar 2015 @ 08:22
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This market, which was in an equilibrium phase for a few weeks, experienced further weakness last Thursday. Price dropped by 180 pips, closing below the resistance line at 1.1200. While price might saunter into the territory below the resistance line at 1.1100, it may […]
27 Feb 2015 @ 10:26
LEARN FROM THE GENERALS OF THE MARKETS – PART 61 “According to a popular drink advert in the UK, good things come to those who wait. Trading is no different. It takes time and practice to become a consistently profitable trader. But when you do get there, everything will become very easy.” – Max Munroe […]
26 Feb 2015 @ 12:48
Currently, the NZDUSD continues to trade in favor of the intraday bullish bias, as the pair stays above the 200 SMA at H1 chart. The next target for the Kiwi, in case that it could develop a higher high pattern successfully, will be the resistance level of 0.7595. This bullish bias is also supported by […]
26 Feb 2015 @ 09:07
AUDCAD = Sell USDCAD = Sell EURCAD = Sell CADJPY = Buy CADCHF = Buy GBPCAD = Sell NZDCAD = Sell 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 […]