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  • Squawk / 09 May 2015 at 8:08 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (May 11 - 15, 2015)

    EURUSD
    Dominant bias: Bullish
    This pair made further bullish attempt last week, though the bears are trying hard to frustrate the attempts. The price is now above the support line at 1.1150. There are other support lines at 1.1100 and 1.1050, which should act in support of the current bias. Any movement below these support lines, especially the support line at 1.1050, would result in a beginning of a nice bearish outlook. There is a high probability that this pair may become weak this week or this month.

    USDCHF
    Dominant bias: Bearish
    USDCHF is now trying to rally in the context of a downtrend. Last week, price dived by over 200 pips, slamming into the support level at 0.9100, before rallying by up to 200 pips, closing at 0.9303. Unless there is a significant weakness in the EURUSD, this rally would turn out to be a temporary bullish effort,

    Source: www.tallinex.com
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  • Squawk / 02 May 2015 at 10:41 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (May 4 - 8, 2015)

    EURUSD
    Dominant bias: Bullish
    Last week, this pair moved north by over 420 pips. Price moved above resistance lines at 1.1250 and later fell below it, closing just below the resistance line at 1.12000. While it is not impossible for EURUSD to reach the resistance lines at 1.1300 and 1.1350, the outlook for this week (and this month) is bearish. This means that EURUSD might go further higher, but the risk of the beginning of a downward trend is very high this week.

    USDCHF
    Dominant bias: Bearish
    This currency trading instrument has been under bearish pressure as a result of the strong bullish trend on EURUSD. Price broke through the resistance levels at 0.9400 and 0.9350 last week, testing the support level at 0.9300.

    Source: www.tallinex.com
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  • Squawk / 04 April 2015 at 20:20 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (April 6 - 10, 2015)

    GBPUSD
    Dominant bias: Neutral
    Last week, price on GBPUSD moved between distribution territory at 1.4850 and the accumulation territory at 1.4750, before a breakout to the upside occurred. In spite of the bullish breakout, which happened on April 3, 2015, the market is generally trendless. The market is now above the accumulation territory at 1.4900, and things would turn bullish as soon as the distribution territory at 1.5000 is overcome. Any movement below the accumulation territories at 1.4850 and 1.4800 will simply reinforce the existing neutral bias.

    USDJPY
    Dominant bias: Bearish
    All bullish effort on this currency trading instrument has been rendered useless. In fact, long trades are no longer sensible here, for the trend has turned bearish. Generally, the outlook on JPY pairs for the month of April is bearish and the weakness may start before the end of this week or next week.

    Source: www.tallinex.com
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  • Squawk / 09 May 2014 at 8:31 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (May 12 – 16, 2014)

    EURUSD
    Dominant bias: Bullish
    The dominant bullish bias still exists in this market, but it is seriously under threat.
    The price attempt to reach the resistance line at 1.4000 failed, and the price got corrected significantly. Should price test the support line at 1.3800 or cross it to the downside, then the bullish bias would be rendered completely useless. Until that happens, it might be assumed that the price could rally i.e. if it could maintain its presence above the support level at 1.3800.

    USDCHF
    Dominant bias: Bearish
    The outlook here is bearish, though the situation looks very precarious. The bulls have been very active recently: the bears have been subjugated and they need to prevent the price from remaining above the resistance level at 0.8800. The inability of the price to fall back below the aforementioned resistance level would result in the bearish outlook being rendered invalid.
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    5y
    Jim Earls Jim Earls
    1.38 broken.