Foreign Exchange

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 […]

EURUSD Primary trend: Bearish The outlook on the EURUSD is bearish. Recently, the market dropped by more than 230 pips from the weekly high of 1.3046. Further bearish plunge is expected, but not without short-term rallies which would invariably proffer good opportunities to sell short in a downtrend. The indicators on the chart confirm this […]

NZDUSD: BUY The condition on the NZDUSD pair is very much favorable to the bulls right now. Until recently, the pair was trending in a downward manner (as shown by the EMA 56). During the recent and protracted bearish run on the market, the price was not able to trend lower than the demand level […]

Amidst a new financial crisis threatening the stability of the Eurozone, central banks trying to keep their currencies in check to boost their local economies, and governments tightening their grips to protect the integrity of the financial markets, one financial instrument in circulation around the world is on the rise and poised to become the […]

EURUSD Primary trend: Bearish The dominant bias here is bearish, and this is expected to continue, especially in the face of perpetual weakness in the Euro. There could, however, be some short-term rallies in the price, probably taking the price towards the resistance line of 1.3000. For the bearish trend to be valid, the rally […]

CADJPY: SELL There is a valid indication to go short on the CADJPY market as the analysis below shows. This cross was formerly in a long-term bullish trend (something that started last year). With this bullish trend, it was noted that the bulls are running out of the energy needed to force further bullish run. […]

LEARN FROM GENERALS OF THE MARKETS – PART 24 “One of the great things about the market is that if you’re a naturally inquisitive person, you’ll never run out of opportunities to learn.” – Brian Shannon Philip Arthur Fisher lived from September 8, 1907 until March 11, 2004. After dropping out of Stanford Graduate School […]

EURUSD Primary trend: Bearish Though the primary trend on this pair is bearish, the trend is in a serious jeopardy. There is currently a conspicuous rally on this pair: oscillators have given a bullish signal but momentum indicators like long-term MAs are yet to confirm that. Trading an unconfirmed bias is not recommended at this […]