Currency

One of the most devilish conundrums faced by traders is what to do when an instrument they are following gives a valid signal but this signal is either at an all-time high or low. Such a situation has recently occurred with wheat, which according to my system gave a valid sell signal as it moved […]

Alibaba stock (NYSE:BABA) has been making some bullish effort recently, which has given hope beyond a reasonable doubt that the bias for this year would be bullish. The stock made some bullish attempt last year, but started coming down this year. At the lower Trendline, further bearish movement was rejected in February 2016, and since […]

Standard Chattered shares (LSE:STAN) are under heavy selling pressure, which would continue in the year 2016. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is show at the top left side of the chart. It can be seen that all […]

The GBP/USD moved upwards by 400 pips last week, rising from the accumulation territory at 1.3850 and reaching the distribution territory at 1.4250. This upward movement was strong enough to invalidate the recent bearish outlook on the pair, and there is a clean bullish signal in the market. The GBP/USD is supposed to continue moving […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish As it was mentioned in the last forecast, EURUSD has been making some bullish attempt, which, however, has not been significant enough to render the recent bearish bias invalid. Bears pushed price downwards, but met a stiff rejection at the support line of 1.0850. […]

USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold has been going upwards since the beginning of this year, with first 7 trading days in February being quite significant as far as the bullish journey was concerned. Price topped at 1263.13 on February 11, 2016. On the daily chart, a Golden Cross had already taken place in early […]

GBP/USD fell by almost 440 pips last week, almost reaching the accumulation territory at 1.3850. This has reinforced the existing bearish outlook on the market, and there are chances that the GBP/USD would continue going south this week and next. Generally, GBP pairs are bearish (as forecasted earlier) and they would remain under selling pressure […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD traded lower on Monday, and then moved sideways until Friday, when it traded further southward, closing at 1.0931. Altogether, price moved downwards close to 200 pips, while the outlook on the market is bearish. There are support lines at 1.0900 and 1.0850, which […]

“The moral of the story is that you don’t know, I don’t know, nobody knows where price will go. Anybody who does claim to know either doesn’t understand how markets work, is selling something, or is delusional.” – Chris Tate PEOPLE AREN’T WHAT THEY CLAIM TO BE Why is there so much pretense among those […]