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16. Jan
2018

Daily analysis of major pairs for January 16, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The EUR/USD traded a bit lower on Monday, but that pales into insignificance when compared to the overall bullish bias. The market could still go upwards, reaching the resistance lines at 1.2250, 1.2300 and 1.2350. The resistance line at 1.2250 was previously tested and it would be tested again.

 

EUR/USD:  The EUR/USD traded a bit lower on Monday, but that pales into insignificance when compared to the overall bullish bias. The market could still go upwards, reaching the resistance lines at 1.2250, 1.2300 and 1.2350. The resistance line at 1.2250 was previously tested and it would be tested again.

 

14. Jan
2018

Daily analysis of major pairs for January 15, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The USD/JPY dropped massively last week, shedding 220 pips and testing the demand level at 111.00, with the intent to breach it to the downside. There is a huge Bearish Confirmation Pattern in the 4-hour chart, and further bearish movement is anticipated in the market. The next targets are the demand levels at 110.50, 110.00 and 109.50. 

 

EUR/USD:  This pair consolidated from Monday to Wednesday, and then rose massively on Thursday and Friday. The resistance line at 1.2200 has been tested, and it could be breached to the upside (as price aims to gain another 150 pips this week). The outlook on EUR pairs remains outlook for this week.

 

12. Jan
2018

Daily analysis of major pairs for January 12, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

 

The USD/JPY continued to drop relentlessly yesterday. Since the beginning of this week, price has gone down by 215 pips, and now close to the demand level at 111.00. The demand level would soon be breached to the downside as price goes further southwards. Bears are the winners this week.

 

EUR/USD:  On Thursday, the northwards surge that came about in the market has helped restore the recent bullishness in the market. There is a Bullish Confirmation Pattern in the market, and further bullish movement is possible, which would take price towards the resistance lines at 1.2100 and 1.2050.

 

11. Jan
2018

Daily analysis of major pairs for January 11, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The USD/JPY has dropped by 190 pips this week, creating a huge Bearish Confirmation Pattern in the 4-hour chart. This is in accordance with the expected bearish movements on JPY pairs. Price is below the supply level at 111.50, and it could reach the demand level at 111.00 (even exceeding it).

 

EUR/USD:  The pair made both bullish and bearish attempts on Wednesday. The market is a kind of directionless at the moment, but a movement of 100 pips to the upside or to the downside is still expected this week. A movement to the downside would bring about a bearish bias, and the support lines at 1.1950 and 1.1900 could be tested.

 

10. Jan
2018

Daily analysis of major pairs for January 10, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The EUR/JPY pair has been going downwards since the beginning of this week, and this tallies with the bearish expectation on JPY pairs. Price has gone south by 210 pips and it has tested the demand zone at 134.00. The next targets are the demand zones at 133.50 and 133.00, which would be tested soon.

 

 

EUR/USD:  There is a bearish signal on the EUR/USD, due to the perpetual bearish movement that has been witnessed on the market. The EMA 11 has crossed the EMA 56 to the downside, and the William’s % Range period 20 is in the oversold territory. More and more bearish movement is anticipated.

 

09. Jan
2018

Daily analysis of major pairs for January 9, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

 

The EUR/JPY has started going downward this week. The market has gone south by 170 pips and it is now below the supply zone at 134.50. Once the demand zone at 133.50 is breached to the downside, a Bearish Confirmation Pattern would be formed in the 4-hour chart. Price is expected to continue going lower.

 

EUR/USD:  The EUR/USD has gone downwards by 100 pips this week, and price is below the resistance lines at 1.2000 and 1.1950. It is possible that price would go downwards by another 100 pips (at least) today or tomorrow, and thus, the next targets would be the support lines at 1.1900 and 1.1850.

 

08. Jan
2018

Daily analysis of major pairs for January 8, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The EUR/JPY went upwards to test the supply zone at 136.50. Since December 15, 2017, price has gained over 400 pips; plus it would be somewhat difficult for a lasting bearish movement to occur in the market, as long EUR has some stamina. Bulls may be able to push price towards the supply zones of 136.50, 137.00 and 137.50. 

 

EUR/USD:  The EUR/USD went essentially sideways last week – in the context of an uptrend. A breakout is expected this week, which is supposed to be in favor of bulls, for the outlook on EUR pairs is bullish for this month. Therefore, price may be able to gain about 150 pips, as it goes further northwards.

 

05. Jan
2018

Daily analysis of major pairs for January 5, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The movements on major pairs are now getting interesting. For example, the EUR/JPY has maintained its bullishness this week, having gained 115 pips, despite the dip that was witnessed earlier this week. Price is now above the demand zone at 136.00, going towards the supply zone at 136.50.

 

EUR/USD:  This currency trading instrument was corrected lower on Wednesday, in the context of a short-term uptrend. But now, price has assumed its northwards journey and it may reach the resistance lines at 1.2100, 1.2150 and 1.2200. There is an important support line at 1.2000, which a serious barrier to any bears’ effort along the way.

 

04. Jan
2018

Daily analysis of major pairs for January 4, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

After testing the distribution territory at 1.3600, the GBP/USD experienced a clear bearish correction. Price could go upwards from here, for the correction cannot override the extant bullish bias on the market, except the accumulation territory at 1.3400 is breached to the downside (which would require a strong selling pressure).

 

EUR/USD:  This currency trading instrument was corrected lower yesterday, in the context of a short-term uptrend. The resistance line at 1.2050 could be tested again, in an attempt to maintain the current bullishness. On the other hand, a drop of about 150 pips would result in a bearish bias on the market.

 

03. Jan
2018

Daily analysis of major pairs for January 3, 2018

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The GBP/USD went upwards by 90 pips yesterday, testing the distribution territory at 1.3600. Since last Thursday, price has gained 220 pips, leading to a Bullish Confirmation Pattern in the market. Further bullish movement is possible today, even if there would be a strong bearish correction afterwards.

 

EUR/USD:  This pair moved flatly on Monday, having reached the resistance line at 1.2050. Price may be able to move further upwards this week, reaching resistance lines at 1.2100. However, the outlook on EUR pairs is bearish for this week, and for this month. Thus, a bearish movement can begin anytime.