Investing Advice

The anticipated Alibaba IPO is about to become a reality. We now know that it will take place on 18 September, that only “friends and family” will be able to purchase on that date before public trading commences on the NYSE the following day, and that the company’s ticker symbol will be BABA (NYSE:BABA). We […]

The strength in the USD/CHF has continued, although there was a shallow bearish retracement in the chart on Friday, September 5, 2014. The price closed at 0.9310, and it is expected that it may go further upwards this week. EUR/USD: The EUR/USD trended southward in a significant mode last week. This trend has a high […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The sudden weakness in the EUR has caused this pair to tumble. The pair was already bearish when this happened (it has been bearish since June 2014). On Thursday, September 4, 2014, the pair fell further by over 200 pips. In fact, all other […]

“Our mind is our enemy.” – Tom Hougaard Our mind is really our foe, especially when we find it extremely difficult to do what are in our best interest. Doing the right things tends to make us uncomfortable initially, unless we train our mind to adapt to doing the right things until they become our […]

Instrument: AUDJPY Order: Buy Entry date: September 3, 2014 Entry price: 97.682 Stop loss: 96.669 Take profit: 97.869 Instrument: AUDUSD Order: Buy Entry date: September 3, 2014 Entry price: 0.93063 Stop loss: 0.92036 Take profit: 0.93238 Instrument: EURAUD Order: Sell Entry date: September 3, 2014 Entry price: 1.41126 Stop loss: 1.42176 Take profit: 1.40974 Instrument: […]

Proteome Sciences shares (LSE:PRM) have become determinedly bullish again. The bulls may regain the territory that has been lost and the price may breach further resistance levels as it goes northwards. Although the current bias is not very strong – as shown by the ADX period 20 line which is below the level 20 – […]

Armstrong Ventures stock (LSE:AVP), which is very cheap, has been building a long-term solid base for several months. This is a kind of the market environment that some veteran speculators would like to watch; they would like to act on it as soon as the price signals there is an opportunity. This is a flat […]

The USD/CHF has been able to stay above the support level at 0.9150. In fact, the price is now trading upwards, going towards the resistance level at 0.9200. That is the target for this week. EUR/USD: With the clean Bearish Confirmation Pattern in the market, this pair has the potential to move further southward. One […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair is still currently bearish, but it is forming a base. A base is a kind of consolidation that precedes a breakout. With more weakness in the Euro, the price could reach the support lines at 1.3100 and 1.3050. Meanwhile, any rallies along […]

GOLD (XAUUSD) Dominant Bias: Bearish Contrary to the assumption that Gold would be bullish, its price has gone downwards significantly within the last 2 weeks. There is now a Bearish Confirmation Pattern in the market and the market can continue to be weak. There are support levels at 1275.00 and 1265.00, which would serve as […]