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20. Sep
2017

Daily analysis of major pairs for September 20, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

A bullish signal has just been generated on the EUR/USD. Price made some bullish attempt and it is now above the support line at 1.2000, going towards the resistance line at 1.2050 (which is the first target). The second target is the resistance line at 1.2100.

 

 

EUR/USD: A bullish signal has just been generated on the EUR/USD. Price made some bullish attempt and it is now above the support line at 1.2000, going towards the resistance line at 1.2050 (which is the first target). The second target is the resistance line at 1.2100.

 

19. Sep
2017

Daily analysis of major pairs for September 19, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/JPY went further upwards on Monday, now around the price level at 111.50. The supply levels at 112.00 and 112.50 could be targeted soon. However, it is expected that price would come down before the end of the week, owing to a bearish outlook on JPY pairs for this week.

 

EUR/USD: There is short-term neutrality on the EUR/USD - although the long-term bias on the market is bullish. The short-term neutrality on the market would end as price goes upwards by about 150 pips or goes downwards by about 150 pips from here.

 

15. Sep
2017

Daily analysis of major pairs for September 15, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The GBP/USD has gained more than 460 pips this week, resulting in a huge Bullish Confirmation Pattern in the market. Price is currently above the accumulation territory at 1.3550, going towards the distribution territory at 1.3600. The distribution territory would be easily exceeded as price goes further upwards.

 

EUR/USD: Unlike what its GBP/USD counterpart is doing, the EUR/USD is not an attractive market at the present. It would be OK to wait until price either goes above the resistance line at 1.2050; or when it goes below the support line at 1.1850 (which would require a strong buying or selling pressure).

 

14. Sep
2017

Daily analysis of major pairs for September 13, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The GBP/USD has continued to go upwards in spite of the correction it experienced yesterday. There is a Bullish Confirmation Pattern in the 4-hour chart, and further bullish movement is anticipated today and tomorrow as price goes towards the distribution territories at 1.3300 and 1.3350.

 

EUR/USD: A valid signal has been generated at last on the EUR/USD. The EMA 11 has crossed the EMA 56 to the downside and the Williams’ % Range period 14 has gone into the oversold region. Price is now below the resistance line at 1.1900, going towards the support lines at 1.1850 and 1.1800.  

 

13. Sep
2017

Daily analysis of major pairs for September 13, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

 The EUR/JPY has gone upwards by 200 pips this week, now testing the supply zone at 132.00. The supply zone would be breached to the upside as price targets other supply zones at 132.50 and 133.00, which would be reached today or tomorrow. The bias on the market is now bullish.

 

EUR/USD: It may be prudent to stay away from this pair until there is a directional movement. The EMAs 11 and 56 are giving a bullish indication, and the Williams’ % Range period 20 is giving a bearish indication. When price trends in a direction, the indicators would agree with one another. A movement below the support line at 1.1850 would result in a bearish bias, while a movement above the resistance line at 1.2050 would help strengthen it.

 

USD/CHF: A “buy” signal has finally been generated on this pair – especially in the short term. The EMA 11 has crossed the EMA 56 to the upside, while the Williams’ % Range period 20 is in the overbought region. Price could now target the resistance levels at 0.9650 and 0.9700.

 

GBP/USD: This currency trading instrument has moved upwards by close to 360 pips since the beginning of last week. The accumulation territory at 1.3300 has been breached to the upside, as price targets another distribution territories at 1.3350 and 1.3400. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. Further bullish movement is logically anticipated.

 

12. Sep
2017

Daily analysis of major pairs for September 12, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The GBP/USD has gone further upwards this week, as price stays around the distribution territories at 1.3250 and 1.3300. There is a huge Bearish Confirmation Pattern in the market, which means price would continue going upwards, gaining another 150 – 200 pips this week.  

 

EUR/USD: The EUR/USD has trended lower at the beginning of this week – thus creating a threat to the extant bullish bias on the market. A movement below the support line at 1.1850 would result in a bearish bias, while a movement above the resistance line at 1.2050 would help strengthen it. This is the expectation for today and tomorrow.

 

11. Sep
2017

Daily analysis of major pairs for September 11, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

This pair gained a minimum of 270 pips last week, rising in the beginning of the week and testing the distribution territory at 1.3200. That distribution territory has been tested a few times and it would eventually be breached to the upside, as price targets another distribution territories at 1.3250, 1.3300 and 1.3350.

 

EUR/USD: This pair is bullish – and there is a bullish outlook on the market this week. This is also true of EUR pairs, for they are expected to go upwards this (in most cases). Price would reach the resistance lines at 1.2050, 1.3000 and 1.3050 (which is the ultimate target for the week).

 

08. Sep
2017

Daily analysis of major pairs for September 8, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/CHF has gone further downwards this week, because the EUR/USD has gone upwards. Price has lost about 170 pips, leading to a Bearish Confirmation Pattern in the market. The bearish movement is expected to continue, as price goes towards the support line at 0.9400, which would be tested today or next week.

 

EUR/USD: The ongoing northwards movement that has been witnessed on this pair has put an end to the short-term neutrality on it. Price has gained about 170 pips and that has resulted in a bullish bias. Further northward movement may bring price towards the resistance lines at 1.2100, 1.2150 and at last, 1.2200.

 

07. Sep
2017

Daily analysis of major pairs for September 7, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

There is already a bullish signal on the GBP/USD. Price has gone upwards by 120 pips this week, and that has resulted in a bullish bias. The distribution territory at 1.3050 is being tested and after it is breached to the upside, another distribution territory at 1.3100 would be the next target.

 

EUR/USD: This pair continues to go sideways and the bias on the market could become neutral in case the situation continues as it is (unless price goes below the support lines at 1.1750). It is possible that when momentum returns to the market, it would most probably favor the current bullish signal, and thus, the resistance lines at 1.1950 and 1.2000 could be reached.

 

06. Sep
2017

Daily analysis of major pairs for September 6, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

A clean bearish signal has been generated on the USD/JPY. Price has been trending downwards since the beginning of this week, following a minor gap-down in the market. The next targets are located at the support levels of 108.00, 107.50 and 107.00. The support level at 108.00 has been previously testes and would be tested again.

 

EUR/USD: This pair continues to go sideways and the bias on the market could become neutral in case the situation continues as it is (unless price goes below the support lines at 1.1750). It is possible that when momentum returns to the market, it would most probably favor the current bullish signal, and thus, the resistance lines at 1.1950 and 1.2000 could be reached.