Currency

The GBP/USD went upwards by 370 pips last week, testing the distribution territory at 1.2550. This has led to a bullish bias in the short-term, and additional movement of 1000 pips to the upside would also result in bullish bias on a bigger timeframe like the daily chart. Unless USD gathers lots of stamina this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price […]

In June, the UK voted to leave the European Union (EU). This was a shock to a number of analysts both within the UK and outside it. There were so many unknowns with leaving the EU that many thought it would never happen. However, it did and now there is a great deal to negotiate […]

“Acceptance is a good state for trading because at this level you can accept losses and profits — both of which are a regular part of trading. In fact, acceptance of small losses is critical to successful trading.” – Dr. Van K. Tharp WHAT’S YOUR ATTITUDE TO TRADING CHALLENGES? Michael: “I put so much effort […]

The EUR/JPY went upwards by 230 pips last week, closing above the demand zone at 115.00 on Friday. There is now a Bullish Confirmation Pattern in the 4-hour chart, and the last candlestick on Friday reveals that bulls are still willing to push price further upwards this week. Therefore, the supply levels at 115.50, 116.00 […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair moved sideways last week, and then traded upwards on Friday. However, that was not significant enough to result in any bullish signal. The bias on the market remains bearish, and what happened on Friday could turn out to be a short-selling opportunity. […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 20 “It sounds attractive to try and make a quick buck, but like anything else, real money is made by slowly compounding your returns.” – Andrew Beattie Name: Larry Robbins Age: 47 Nationality: American Occupation: Portfolio and hedge fund manager A COMMITTED, ILLUSTRIOUS INVESTOR Robbins […]

The pound has managed to recover most of its losses in trading yesterday in the aftermath of Bank of England Governor Mark Carney’s unusually hawkish speech that calmed market fears. A statement earlier in the week by Chancellor Hammond, hinting that the economic prosperity of the UK will not be given preferential treatment in Brexit […]

After a period of respite the pound suffered another trip lower in trading yesterday. The downturn came shortly before Bank of England governor Mark Carney’s speech to the House of Lords and the likely cause was down to comments from Chancellor Philip Hammond. Mark Carney’s speech itself did not contain any fireworks and the market […]

Genel Energy Shares (LSE:GENL) are currently indecisive. The market has been in a kind of consolidation since August, following the bearish run that was witnessed in July 2016. Price currently hovers between the upper and lower Trendlines. Though price has gapped downwards recently, but the gap would soon be filled. The extant gap has pushed […]