Currency

GOLD (XAUUSD) Dominant Bias: Bearish Gold started a persistent bullish journey a few weeks ago, and this is strong enough to threaten the current bearish bias on the market. Should the bullish journey persist for the next few days, that would lead to a new clean “buy” signal, leading to a Bullish Confirmation Pattern in […]

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 […]

Last week, the USD/JPY moved sideways from Monday to Thursday, in the context of an uptrend. On Friday, January 29, 2016, the price broke upwards significantly, testing the supply level at 121.50 (a movement of 300 pips). The outlook on USD/JPY, including other JPY pairs, is bullish for this week, and for this month. It […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair went up from the support line at 1.0800, reaching the resistance line at 1.0950. From that resistance line, price went down 120 pips. There is a neutral bias on this pair, which would remain in force until price goes below the support […]

Ebay stock (NASDAQ:EBAY) is currently consolidating seriously. The consolidation has been ongoing for several months, forming a strong base, which is an interesting thing for professional speculators. The long-term base means a breakout is imminent, which would most probably favor the bulls. The Williams’ % Range period 20 is a kind of heading upwards while […]

The USD/JPY tested the demand level at 116.00, and then bounced upwards by 280 pips. This is a threat to the extant bearish outlook on the market, which would eventually be rendered invalid in case the price continues going further upwards this week. The outlook on USD is bright and therefore, the USD/JPY might continue […]

FTSE 100 stock (FTSE:UKX) is in a strong downtrend and the propensity might continue. Based on the recent price action, upswings in the market are followed by stronger downswings, meaning that the upswings might be used as opportunities to sell short. There are times in which the market moves in ranges when trading activity is […]

The GBP/USD is one of the strongest trending currency trading instruments among the majors. The bias on the instrument is bearish and it is possible that the price would continue going downwards, reaching the accumulation territories at 1.4200 and 1.4150 this week. This bias would be valid until there is a bullish reversal of at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced short-term upswings and downswings, with no directional movements in the medium term. Just like last week, there may not be very strong movements this week, though there could be significant movements around the end of this month (which could happen on […]

Markets FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave ii (circle) ended at 6314.5, the index should not return to that level. The decline has resumed with wave iii (circle) in five waves [(i),(ii),(iii),(iv),(v)]. Sentiment is bearish and wave (i) is over, the index is now bouncing […]