Technical Analysis

The EUR/JPY was characterized by high volatility last week, swinging higher and lower in the context of an uptrend. The supply zones at 137.50 and 138.00 could be tested this week, though there are also demand zones at 135.50 and 135.00. A movement below the demand zones could result in a bearish bias. EUR/USD: There […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced a great deal of volatility last week. Price went up on Monday, and then dropped seriously from Tuesday to Thursday. On Friday, price spiked upwards and immediately following that, got corrected to the downside. The high volatility and short-term swings in […]

EURJPY continues to trade lower and now it’s consolidating below the 200 SMA at H1 chart. We should expect a decline until the supportlevel of 135.33, a zone which has to be broken in order to reach the next important low around the 134.96 level. Bear in mind this pair is currently moving below the […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 10 “Negativity is real, but consistent loss is optional.” – A.M. Name: John Arnold Year of birth: 1974 Nationality: American Profession: Retired funds manager, investor and currently a philanthropist Career Raised in an upper-class home, in Texas, USA, John’s dad was an attorney and his mom […]

The S&P 500 Index rose on Wednesday, continuing the rally from the previous day’s session as Federal Reserve comments were treated as mildly dovish by stock market traders. The Fed opted to keep interest rates at record lows and more importantly, gave no clear sign that rates would rise this fall. This is now the […]

Pinnacle Technology stock (LSE:PINN) is a promising stock that has a very bright future, and this is just the beginning. Everything you want is on the other side of fear, according to James Altucher; and this is a market in which the bulls need to cast away their fears, summon courage and go long. Following […]

Phorm Corporation shares (LSE:PHRM) are not supposed to be held if you are a buyer, because the outlook on the market is gloomy. This is a market is which sellers make money, not buyers. In the chart, the price has shown a long-term downtrend. The price has trended seriously downwards this year and this is […]

What is happening on the USD/JPY signifies a serious battle between bulls and bears. Although the recent bullish bias in the market remains intact, it is wise to stay away from this pair until there is a clean directional bias in the market. This clean directional bias should be seen this week. EUR/USD: EUR/USD rose […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the dominant bias is bearish, this pair made some commendable bullish attempts last week. Price moved upwards by almost 200 pips, testing the resistance line at 1.1000. That resistance line is an important price area, since it must be broken to the upside […]

“Nobody can predict the future. A Harvard PhD and a high school dropout have equal skills at prophecy.” – James Altucher It’s no longer a secret that Forex market is the biggest and the fastest-growing market in the world. It’s also not a secret that majority of Forex traders end up sustaining negativity, simply because […]