US News

The GBP/USD went upwards by 370 pips last week, testing the distribution territory at 1.2550. This has led to a bullish bias in the short-term, and additional movement of 1000 pips to the upside would also result in bullish bias on a bigger timeframe like the daily chart. Unless USD gathers lots of stamina this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price […]

The EUR/JPY went upwards by 230 pips last week, closing above the demand zone at 115.00 on Friday. There is now a Bullish Confirmation Pattern in the 4-hour chart, and the last candlestick on Friday reveals that bulls are still willing to push price further upwards this week. Therefore, the supply levels at 115.50, 116.00 […]

The EUR/USD was able to go downwards by more than 100 pips last week. Since October 10, 2016, price has gone down by over 300 pips. The outlook on the market, as well as other EUR pairs, is bearish for this week. Therefore, we may witness a slow and steady bearish movement that would take […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by over 100 pips last week. Price has dropped by more than 300 pips since October 10, resulting in a Bearish Confirmation Pattern in the market. The outlook on EURUSD (and other EUR pairs) is bearish for this week. Therefore, slow and […]

The EUR/USD went down by 220 pips last week, closing below the resistance line at 1.1000. There is a strong Bearish Confirmation Pattern in the 4-hour chart, which means further bearish movement is expected this week, and that could take price towards the support lines at 1.0950 and 1.0000. However, it is unlikely that the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards by 220 pips last week – just as it was expected. Price closed below the resistance line at 1.1000, going towards the support line at 1.0950. Bears may eventually target the support line at 1.0900, but they would meet some […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 19 “However, master traders tend to act differently than most humans. They look inward for direction. They are not afraid of taking risks, even if it means hurting themselves in the end. Throughout history, famous traders, investors and business leaders have had tremendous ups and […]

As it was anticipated, The Cable dropped sharply by 880 pips last week, reaching a low of 1.2031. The market then rally by 420 pips, to close at 1.2434 on Friday. The outlook on the market is bullish this week, which is also true of other GBP pairs. This means further rally is expected, but […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair remains neutral in spite of strong volatility witnessed on other pairs and crosses last week. Price simply went below the support line at 1.1150 and then moved towards the resistance line at 1.1200, closing at 1.1200. The neutral bias would persist for […]