Financial Guides

Does it make sense to go long on Keffi Minerals? Keffi Minerals stock (LSE:KEFI) appears to be rallying in the context of a downtrend. Should one go long? When caught in a wrong direction, traders who hate to use stops are often forced to run their positions longer than they can imagine. When many experts […]

Metal Tiger shares (LSE:MTR) are going up and they may reach the resistance level at 2.500. Price traded lower in the months of October and November 2014, but it has skyrocketed in this month. One great trader has said that his view on the shares is bullish. When a great trader says something, the market […]

GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = 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, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength. EUR/USD: This pair […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the broke below the line at 1.2400 (which is now a resistance line) led to the strengthening of the bearish bias as price went further downwards, closing below the resistance line at 1.2300. The target for next week […]

“I am adhering to a positive expectancy model and prudent rules of risk management, therefore I have confidence in taking each and every trading signal.” The Relative Strength Index (RSI) – which has many uses – is a popular tool among Forex traders. However, using it in a conventional way mayn’t serve our best interest. […]

Fitbug Holdings shares (LSE:FITB) have risen from a strange base in a determination to go upwards. The base is called a strange base because it was ongoing for many months (an extremely tight consolidation), while price appears as dots in the chart. However, the current upwards breakout signals the end of the tight consolidation. The […]

Gulf Keystone stock (LSE:GKP) is still bearish in outlook and long trades are not currently recommended. The bearish forces that cause the current weakness are present in the market. The insects that devour vegetables live on vegetables. The price is almost below the EMA 21 and the Williams’ % Range period 20 is not that […]

GOLD (XAUUSD) Dominant Bias: Bullish According to the past historical seasonal trend and cycle, Gold was expected to be bullish around the last Thanksgiving holiday. Instead, Gold price consolidated and later dropped sharply last week – another example of the fact that past event is not indicative of future result. However, this does not mean […]

The ultimate target for USD/JPY is at the supply level of 119.00, and price is now close to that target. With further strength in the market, the supply level can be breached to the upside as the bulls continue to push price up. In that case, the next target could be the supply level at […]