Foreign Exchange

GBPCHF: SELL The outlook on the GBPCHF cross was bullish until recently. In most part of February 2013, the price trended upwards, but it is noteworthy that it could not trend higher than the resistance level at 1.4473 (which means that further bullish run was rejected at that level). After this incident, the next bullish […]

LEARN FROM GENERALS OF THE MARKETS – PART 25 “I try my best to look to the market itself for guidance. I believe that the market provides us with the clues we need to succeed and it is our job to be as objective as possible at deciphering that message.” — Brian Shannon David Alan […]

The GBPUSD was bullish in the yesterday’s session, because of the good readings in some economic calendar’s events that have “positive” impact in the cable. ¿Will continue the bullish trend for today? The GBPUSD found strong resistance at 1.5242, which is currently, forming a posible lower high pattern, to continue its bullish trend, which is […]

At yesterday’s session, economic data were published (Building Approvals and Retail Sales), giving a bullish momentum to the AUDUSD in the early hours of the day, because the readings were positive for the aussie, but the bullish momentum was slowed in the final hours of the session. The AUDUSD is respecting the uptrend line on […]

The EURUSD rose about 40 pips in yesterday’s session, touching a strong resistance on the way, that stopped their upward momentum. ¿Will the EURUSD go bullish or bearish for today’s session? The EURUSD found strong resistance at 1.2858, near the 200 day moving average. At that level, they formed a strong “congestion zone”, making a […]

The EURJPY has shown interesting bearish patterns, which, supported not fall in the next session for the EURJPY. ¿Are we watching a full domination of the bears in this pair? The EURJPY had a break of the uptrend line at the beginning of this week, which led to this pair to have fallen over 100 […]

In Tuesday’s session, the UK Manufacturing PMI was published, which, was 48.3, lower than the 48.9 forecast, after that, the GBPUSD fell over 140 pips. ¿Will the bears continue to dominate the bulls, for the rest of the week? On the 1 hour chart, we can see that the GBPUSD is below the 200 day […]

The USDJPY remains in a bearish outlook, trading below the 200 day moving average, facing strong resistances in their attempt to want to go higher. The USDJPY is facing a strong resistance at 93.42, a level that has been very strong in days ago. If the USDJPY manages to break this resistance, could visit the […]

The GBPUSD rose more than 40 pips in yesterday’s session. Today, the cable could define completely the trend for this week. In the fundamental outlook for today, we must pay attention to the Manufacturing PMI, which has a previous reading of 47.9 and has a forecast of 48.9. A reading higher than the forecasted, would […]

Yesterday, was published the Manufacturing PMI data in China for this month and it was not the best for the AUDUSD in yesterday’s session, leading it to fall aproximately at 1.0385. Remember, that everything that happens in the Chinese’s economy, may have high impact on the Australian dollar. The chinese’s manufacturing PMI reading for the […]