Financial Guides

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The hope of the EURUSD going seriously bullish in this month has been dashed. The price broke down through one support line and another, as the forlorn bull becomes listless. The price has closed below the resistance line at 1.2400, and it may soon […]

“Education is incredibly important for traders. Traders should look to educate themselves as much as they can along their trading journey.” – James Hughes In USA, Thanksgiving Day is around the corner. Thanksgiving Day is a national holiday celebrated primarily in the United States and Canada as a day of giving thanks for the blessing […]

In a recent interview in TRADERS’ magazine (November 2014), Ian Cassel says: “Always surround yourself with people that are better than you. Your friends have far greater influence over your future than you think. If you want to be successful, start hanging out with successful people. If you want a better marriage, hang out with […]

Virgin America stock (NASDAQ:VA) is a promising market which may make substantial gains within the next several months. The price may go upwards consistently irrespective of pullbacks that are expected occasionally. A pullback is a normal part of market movements. It is not a bane – it is rather a blessing to skilled traders. Significant […]

GOLD (XAUUSD) Dominant Bias: Bearish On Friday, November 14, 2014, Gold bounced upwards. That was a break from the equilibrium zone that was formed last week. The upwards bounce was strong enough to threaten the existing bearish bias. In the US, Thanksgiving Day is on November 27, 2014. As usual, it would be the 4th […]

The Cable dropped by roughly 300 pips last week, testing the accumulation territory at 1.5600. There is now a shallow upwards bounce from that territory, which should be short-lived as the Cable continues to be weak. Any movement above the distribution territory at 1.5800 would seriously threaten the bearish outlook. EUR/USD: The outlook on this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The outlook on this pair remains bearish, but it is now in a precarious condition. There was a significant bullish effort on Friday, and the bearish outlook may be put in a serious jeopardy when the price manages to go above the resistance line […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 55 “When you are trading, trade the truth. Truth is the only safe ground to stand on.” – Old Trader Israel Englander (sometimes called Izzy) was born in 1948, in New York City, USA. He’s a Hedge Fund guru. He was raised in a Jewish family […]

Gulfsands Petroleum shares (LSE:GPX) have been falling and it would be logical to keep on selling them. As the shares fall further, buyers are being hit repeatedly because they refuse to honor the power of the bear at the moment. The viper does not tolerate insults. In the chart, the ADX period 14 is around […]

The spike on Central Rand Gold stock (LSE:CRND) could mean a false breakout if the price is not able to keep on going north. There has been a strong sideways movement for several months, resulting in a strong base. During that period, the market was trying to consolidating to the downside: prior to the current […]