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19. Nov
2017

Daily analysis of major pairs for November 20, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/JPY became clearly bearish last week, with further bearish movement on Friday. This has resulted in a Bearish Confirmation Pattern in the market, and the demand level at 111.50 could be tested. However, there would be a rally before the end of this week, which may threaten the bearish bias.

 

 

EUR/USD: This pair went upwards last week, gaining 200 pips and testing the resistance line at 1.1850. Price has retraced a bit, but it could go upwards again to test that resistance line (possibly breaching it to the upside). There are support lines at 1.1700 and 1.1650, which would try to impede any bearish attempts along the way.

 

17. Nov
2017

There’s nothing special about your strategy

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

THE WAYS WE CON OURSELVES

 

I support a particular hospital charity that each year or so runs a home lottery and every year I enter. To date I have won a digital camera, an iPod, an Apple TV, a tonne of chocolate, wine (brilliant for a non-drinker but good for presents) and a host of other goodies. In fact I have never had a time when I have entered and not won something. Whilst my expectancy is not quite positive it’s not bad. If I were a news agency that sold lottery tickets and I had this many winning entries bought via my store people would be clambering over me thinking there was something special about my store.

 

One of the things we ignore in life is that we are subject to the same harsh statistics as everyone else – we have what I call the myth of individual specialness. Our basic narcissism leads us to believe that the laws that apply to the universe don’t really apply to us, as a result we spend a lot of time fooling ourselves into think there is something special or magical about what we do.

 

17. Nov
2017

Daily analysis of major pairs for November 17, 2017

Geschrieben von: mustaphaazezz

Getagged in: nicht getagged 

mustaphaazezz

 

There is now a vivid Bullish Confirmation Pattern on the GBP/USD. Price has moved very close to the distribution territory at 1.3250, which would be breached to the upside as price goes further northwards. The bullish effort that was seen this week, has put an end to the consolidation phase in the market.

 

EUR/USD: The EUR/USD rallied significantly this week, to test the resistance line at 1.1850. After that, there has been a slight bearish correction as price moves sideways. However, it is expected that price would resume its bullish journey and test the resistance line at 1.1850 again, breach it to the upside, and aim for another resistance line at 1.1900.  

 

16. Nov
2017

Daily analysis of major pairs for November 16, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/JPY tested the demand level at 112.50 and then bounced upwards. However, the bias on the market is bearish, and so, it is expected that price would go downwards again, testing the demand level at 112.50, and breaching it to the downside.

 

EUR/USD: The EUR/USD tested the resistance line at 1.1850 and then pulled back. Price has gained 200 pips this week; and thus, the pullback pales into insignificance when compared to the ongoing buying pressure in the market. The resistance line at 1.1850 would be tested again, and then beached to the upside as the market goes further northwards.

 

15. Nov
2017

Daily analysis of major pairs for November 15, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex , Basics

mustaphaazezz

The EUR/USD went upwards significantly yesterday – just as it was forecasted. Price has gained about 180 pips this week, and it is now above the support line at 1.1800, now targeting the resistance line at 1.1850. Price would still move upwards by at least, another 100 pips this week, but there could be temporary pauses or pullbacks along the way.

 

EUR/USD: The EUR/USD went upwards significantly yesterday – just as it was forecasted. Price has gained about 180 pips this week, and it is now above the support line at 1.1800, now targeting the resistance line at 1.1850. Price would still move upwards by at least, another 100 pips this week, but there could be temporary pauses or pullbacks along the way.

 

14. Nov
2017

Daily analysis of major pairs for November 14, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

There is a promising “buy” signal on the EUR/USD. Since the low of last week (1.1553), price has gone upwards by 120 pips; now above the support line at 1.1650. The next target is the resistance line at 1.1700, which would be reached very soon. The resistance line is supposed to be exceeded after it is tested.

 

EUR/USD: There is a promising “buy” signal on the EUR/USD. Since the low of last week (1.1553), price has gone upwards by 120 pips; now above the support line at 1.1650. The next target is the resistance line at 1.1700, which would be reached very soon. The resistance line is supposed to be exceeded after it is tested.

 

13. Nov
2017

Daily analysis of major pairs for November 13, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/JPY pair is bullish in the long-term, but bearish in the short-term. Price may make some attempts to go upwards this week, owing to a bullish outlook on USD. There are demand levels at 113.00 and 112.50. On the other hand, there are supply levels at 114.00 and 114.50.

 

 

EUR/USD: The bias on the EUR/USD is bearish, but price has been making some faint bullish effort (especially on Friday). The outlook on the market is bullish for this week (and so it is for some EUR pairs), and therefore, price may go upwards to form a Bullish Confirmation Pattern in the 4-hour chart.

 

09. Nov
2017

Daily analysis of major pairs for November 10, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

A short-term “sell” signal has been generated on the USD/JPY. Price has gone below the supply level at 113.50; and now going towards the demand level at 113.00. It is expected that the pair would go further downwards than that.

 

EUR/USD: The EUR/USD moved higher on Thursday, but that movement was not significant enough for a clean bullish bias. A movement above the resistance line at 1.1700 would result in a bullish bias, while a movement below the support line at 1.1550 would help strengthen the recent bearishness in the market.

 

09. Nov
2017

Daily analysis of major pairs for November 8, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/CHF has not moved upwards significantly this week, but it was able to maintain its bullishness. The targets for the week are located at the resistance levels of 1.0050, 1.0100 and 1.0150. The resistance level at 1.0150 would require a very strong buying pressure to be breached to the upside.

 

EUR/USD: The EUR/USD is consolidating in the context of a downtrend. There would be a rise in volatility today or tomorrow, which would most probably be in favor of bears. Price may reach the support lines at 1.1550 and 1.1500. Price is currently below the resistance line at 1.1600.  

 

08. Nov
2017

Daily analysis of major pairs for November 8, 2017

Geschrieben von: mustaphaazezz

Getagged in: Forex

mustaphaazezz

The USD/CHF has not moved upwards significantly this week, but it was able to maintain its bullishness. The targets for the week are located at the resistance levels of 1.0050, 1.0100 and 1.0150. The resistance level at 1.0150 would require a very strong buying pressure to be breached to the upside.

 

EUR/USD: The EUR/USD is moving downwards gradually, while the overall bias on the market is bearish. Price is now below the resistance line at 1.1600, going towards the support line at 1.1550. There is a Bearish Confirmation Pattern in the 4-hour char and further downwards movement is a possibility.