Currency

Markets generally take central banker’s at their word so the change in tone from Governor Mark Carney from his previous market comments has rocked sterling this afternoon pushing it more than 100 pips lower versus USD, and decisively through the 0.90 barrier in EUR/GBP. The Bank of England’s ‘Super Thursday’ has sometimes failed to live […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold went downwards in June, but went upwards in July, thus recovering some of the losses sustained in June. In July, a low of 1204.53 was reached, while a high of 1270.63 was also reached – showing bull’s supremacy. The bullish effort that was made last month has resulted in […]

The EUR/JPY has been consolidating for about two weeks, thus causing a short-term neutral bias on the market. This week, price would either move above the supply zone at 130.50, to help emphasize a bullish outlook, or it would go below the demand zone at 128.00 to help emphasize a bearish outlook. One of the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD, which has generally been bullish this year, went upwards by 100 pips last week, testing the resistance line at 1.1750. Some attempts were made to breach the resistance line to the upside, but to no avail. However, the resistance line remains under siege […]

As EUR/USD approaches its August 2015 highs, let’s take a look at how EUR/USD’s price behaviour will shape our trading strategy. The bigger picture… It’s always best to gain some perspective by using a higher timeframe and we favour the weekly candle chart for this purpose. Notice how the price chart below is very minimal; […]

The USD/CHF went south by 180 pips last week, having lost about 620 pips since May 11. There is a huge Bearish Confirmation Pattern in the chart and further downwards movement could be seen, as price goes towards the support levels at 0.9400, 0.9350 and 0.9300. On the hand, there could be a meaningful rally […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish On EURUSD, bull was the clear winner last week. Price went upwards by 210 pips, breaking the multi-month high at 1.1600 and closing above the support line at 1.1650. Since June 27, price has gained 470 pips, and there is still more room for […]

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Vela Technology shares (LSE:VELA) are quite choppy, ugly and unattractive. The market has been going in a zigzag manner. Price is a kind of bullish, but that signal is not that strong. Right now, price is above the EMA 21, while the Williams’ % Range period 20 is in the overbought territory. That means there […]

The EUR/JPY moved downwards last week, in the context of an uptrend. Price first went upwards to test the supply zone at 130.50, before it got corrected by 180 pips. The demand zone at 128.50 has tried to halt further correction, but price may break below it as it goes further southwards, thus invalidating the […]