Technical Analysis

The AUD/USD has consolidated in bullish bias due to the positive reading of retail sales in Australia last month (1.2% vs 0.5%). Now, the aussie is forming a bullish pattern above the support level of 0.9008. The nearest resistance is located at 0.9032 level. If the pair manages to make a breakout at that level, […]

AIG stock (NYSE:AIG) has been showing some signs of a renewed bullish bias – as revealed by the current price action. Bearish pulls have been rejected and the price has been trending upwards. The EMA 11 is almost above the EMA 56 and the RSI period 14 is above the level 50. In this renewed […]

EUR/JPY remains above the 200 SMA on the H1 chart. In addition, this pair remains above the pivot point at the level of 140.08, but when it started the Asian session today, the EUR/JPY has been in a bearish intraday trend. If the pair manages to make a breakout to the pivot point, the next […]

The minor gaps that occurred on the JPY pairs at the beginning of this week mean that significant movements would soon occur on them. EUR/USD: The bias on the EUR/USD is bullish and the price has bounced off the EMA 56, which is acting as a barrier to a further southward movement. The resistance line […]

JPY Pairs Pullbacks Trading Signals (March 3 – 14, 2014) Instrument: AUDJPY Order: Sell Entry date: March 3, 2014 Entry price: 90.603 Stop loss: 91.619 Take profit: 88.620 Recent performances December 2013 = 5% January 2014 = 2.1% February 2014 = 4.5% Note: The period mentioned above reflects the duration of an open position taken […]

NZD/USD remains above the pivot point at the level of 0.8365, so this pair keeps moving in sideways. Now, Kiwi is being temporarily dominated by the bullish bias, so this pair remains above the 200 SMA. If the pair manages to make a breakout on the resistance level of 0.8388, it’s expected to rise to […]

The Cable was able to maintain the bullish scenario on it last week. This week, we are watching the distribution territories at 1.6800 and 1.6850 as potential targets. EUR/USD: The market was able to skyrocket from the support line at 1.3650 towards the resistance line at 1.3800. That was a movement of at least, 150 […]

Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The recently precarious bullish bias on this pair is now established – as a result of a new lease of stamina in the Euro. The Bullish Confirmation Pattern in the chart remains fresh and the price still has more room to move northward. The […]

There is a raging battle between the bulls and the bears on the Internet. On Twitter and trading forums the bulls are winning. Not surprising, the stock market has been rising for five years. Each time there is a pullback the stock market rallies to new highs. This pattern has been repeating itself for so […]

AUD/USD had a week start completely dominated by the strength of the bears, as this pair is in a strong bearish bias. The AUD/USD has consolidated below the 200 SMA on the H1 chart and now this pair is finding support level 0.8932 sobr eel. If the pair manages to make a breakout at that […]