Cryptocurrencies

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market consolidated from Monday to Wednesday and then dropped sharply on Thursday and Friday. There is a Bearish Confirmation Pattern in the market, which makes further drop a possibility. Since the outlook on EUR pairs remains bearish for this week (just as it […]

The USD/JPY started making bullish efforts at the beginning of last week, and the efforts were successful. Price gained 170 pips, testing the supply level at 113.50 on Friday. The outlook on the market is bullish for this week, owing to the expected stamina in USD and expected weakness in JPY. Thus, the supply levels […]

The question above is common whenever I come across people who used to be traders. They started trading because they thought it was easy and because they thought they’d strike it rich. Nevertheless, they discovered that trading isn’t easy and after they dashed their heads into the rock many times, they gave up. Whenever one […]

The EUR/USD is bullish both in the long-term and the short-term. However, the outlook on this pair is bearish for this week, and so it is for other EUR pairs. Therefore, the shallow bearish correction that was started last Friday could go on to become something significant as price goes towards the support lines at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, creating a short-term bullish signal, before price got corrected lower on Friday. This week, a movement above the resistance line at 1.1900 would reinforce the bullish bias (an unlikely event). On the other hand, a movement below the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The pair has been going southward since September 25, having lost about 200 pips. Price moved briefly below the support line at 1.1700, but closed above it on Friday. However, rallies in this kind of market situation often bring good opportunities to sell short […]

GOLD (XAUUSD) Dominant Bias: Bearish Early in September, Gold went upwards to reach a high of 1357.14 on September 8. Since then, Gold has lost at least, 8,200 pips, creating a huge Bearish Confirmation Pattern in the market. Rallies in recent times have been transitory, offering interesting opportunities to sell short at slightly higher prices. […]

The protracted bearish correction that has been witnessed this week, has resulted in a bearish signal on the GBP/USD. Price has gone down by 140 pips, and further downwards movement is expected as price goes towards the accumulation territories at 1.3350, 1.3300 and 1.3250 (which could be reached within the next several days). EUR/USD: This […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market lost about 200 pips last week, went briefly below the support line at 1.1750 and then went above it, to close above the support line at 1.1800. There is already a Bearish Confirmation Pattern in the market, and further downwards movement is […]

“If there were a cornerstone to trading it would be the ability not only to be resilient when in drawdown but also to accept that we get things wrong. Sometimes there is a flaw in our methodology that we have not seen and that we simply have been lucky up until this point. This does […]