Greek Crisis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went downwards last week, tested the support line at 1.0500, and then rallied significantly on Friday. Actually, the Friday rally might end up being a good opportunity to sell short at better prices (unless the resistance line at 1.0700 is breached to the […]

AUS200 Dominant bias: Bullish While this market went bearish in January, it went bullish in February. In the context of an uptrend, price was corrected last week, and then started March on a bullish note. The outlook on the market is bullish, and there is a possibility that the resistance lines at 5775.00 and 5800.00 […]

Historically, the movement on PayPal shares (NASDAQ:PYPL) has been choppy, but the overall movement has been bullish. The current price action shows the bullishness in the market. In the past several months, the market has been quite choppy but bullish. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and […]

The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50. EUR/USD: The EUR/USD is in a […]

Here’s the market ouatlook for the week: EURUSD Dominant bias: Bearish This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the […]

The EUR/JPY consolidated from Monday to Thursday and then broke out to the downside on Friday. Price closed below the supply zone at 120.00 on Friday, after generating a bearish signal, which may continue to hold out this week. EUR/USD: The EUR/USD went downwards from Monday till Wednesday and later bounced upwards. The upwards bounce […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish From Monday to Wednesday, this pair went downwards, moving below briefly below the support line at 1.0550. Price then rallied above the resistance line at 1.0650, before getting corrected lower on Friday. The outlook on the market is bearish, and further bearish movement is […]

The EUR/JPY trended downwards from Monday till Wednesday, and started going upwards on Thursday, before it got corrected on Friday. The medium-term bias is bearish, and further bearish movement is possible, which may see the market testing the demand zones at 120.00 and 119.50. On the other hand, a strong rally may happen soon. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, going below the resistance line at 1.0650. The movement so far this month is essentially bearish and there is a possibility that further bearish movement would continue to hold out, as the support lines at 1.0600, 1.0550 and […]

With no first tier economic data out of Europe and North America, EURUSD direction will be dictated by political developments in the continent especially in France where the conservative presidential candidate Francois Fillon was pressured to quit as well as Marine Le Pen now leading the pack which will come under close scrutiny from investors. […]