Currency

EUR/USD Last week’s ECB press conference left EUR/USD in limbo following a typically non-committal speech from President Mario Draghi. Refusing to be drawn on the timing of tapering and lowering his inflation forecast saw EUR/USD retreat from trend highs. Whilst the dominant structure of this market remains bullish, last week’s subtle failure at trend highs […]

As it was anticipated, GBP pairs underwent major pullbacks on June 9, while The EURGBP shot skywards. That was what put an end to the short-term neutrality on the GBP/USD, which lost 300 pips initially. The outlook on GBP pairs remains bearish for this week, and further southwards movement is expected as the accumulation territories […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Although the bias on this pair is bullish, bulls are getting tired of pushing price upwards. Price consolidated last week, moving between the resistance line at 1.1200 and the resistance line at 1.1300, before it closed below the resistance line at 1.1200 on Friday. […]

BMR stock (LSE:BMR) is a bearish, losing market and this is what could continue. The market was bullish until February 2017, when things started coming down. The current bearish movement has been in place for more than 3 months, and this just seems to be the beginning. The EMA 21 is sloping downwards as price […]

AUS200 Dominant bias: Bearish On this market, a bearish signal was generated last month, when the market lost over 23,000 points. This has resulted in a Bearish Confirmation Pattern, as this month was also opened on a strong bearish note. The market has lost more than 10,000 points this month, and this is just the […]

After starting the day poorly the pound managed to make up some lost ground against several of the majors thanks to an election poll favouring a Conservative win. GBP/EUR started Monday at €1.1417 but bounced back to €1.1497, GBP/USD rebounded from $1.2869 to $1.2943, GBP/AUD fluctuated between AU$1.7211 and AU$1.7318 and GBP/NZD moved between highs […]

The GBP/USD is bullish in the long-term but neutral in the short-term. The price simply fluctuated last week, without assuming any directional movement. This week, the price would either go above the distribution territory at 1.3050 to strengthen the long-term bullish outlook; or go below the accumulation territory at 1.2700, to form a new bearish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated in the first few days of last week, and then went slightly upwards. On Friday, price closed above the support line at 1.1250, targeting the resistance line at 1.1300. The outlook on EUR pairs, however, is bearish for this week, which […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold began the current bullish movement on May 9, 2017 forming a bullish bias on the market. Price is currently above the support level at 1270.00, going towards the resistance level at 1280.00. Before May 9, 2017, there was a severe selling pressure in the market, but that May loss […]

The problem of trading in uncertain times crept up on the Mentor Program Alumni forum and I have been thinking about my answer. The original answer I gave is shown below – I think one of the things you need to be able to do is to define what uncertainty is. If you opt for […]