Technical Analysis

The divergence between the S&P 500 and the FTSE 100 remains in place. The S&P is making new highs but the FTSE is below its January high. There may not be much action today ahead of the US employment report to be released at 1.30pm. Expectations for today’s nonfarm payrolls are for a gain of […]

Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The weakness in the USD and the stamina in the EUR have caused the price of the EURUSD to result in a Bullish Confirmation Pattern. The price would continue going further upwards – though not without the possibilities of occasional pullbacks. The strong psychological […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 46 Born in 1969, Jaffray Woodriff is an American trader. He’s CEO of Quantitative Investment Management (QIM), which he co-founded with Michael Geismar in the year 2003. He spent his childhood in Charlottesville, Virginia; and went to the University of Virginia. He largely taught himself the […]

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 […]