Financial Guides

Here is the current outlook on Gold and Silver. GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as […]

The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. EUR/USD: The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. However, this may not occur without some upwards bounces along […]

The new lease of energy in the Greenback has resulted in the weakness of the EURUSD and the strength of the USDCHF. The also has had impact on other major pairs, resulting in near violation of major biases in certain cases. The continuous strength in the Greenback could spur on the weakness of the EURUSD […]

Experienced trading mentors have groomed successful traders over the years. While some frown on the idea of mentioning mentors, it’d be necessary to say that the writer of this article would’ve quit the trading world many years ago when things became so hopeless in the markets, provided he didn’t come across those seasoned coaches and […]

The Ebay shares (NASDAQ:EBAY) are experiencing upswings followed by downswings, but the price may go upwards determinedly this year. In the chart, the price broke up from the Trendlines (January 2014), spiked upwards, and then got corrected lower. The lower correction is therefore going into the Trendlines again, but it would not go below the […]

Gulf Keystone stock (LSE:GKP) has been going south, though it is not likely that it would go below the support zone at 150.00, which is a target for the bears.   There has been a ‘Death Cross’ in the chart as the price crossed the EMA 200 to the downside. The EMA 10 has also […]

Instrument: USDJPY Order: Sell Entry date: January 27, 2014 Entry price: 102.620 Stop loss: 103.624 Take profit: 100.624 Instrument: AUDJPY Order: Sell Entry date: January 27, 2014 Entry price: 87.774 Stop loss: 90.778 Take profit: 87.778 Instrument: CADJPY Order: Sell Entry date: January 27, 2014 Entry price: 92.330 Stop loss: 93.345 Take profit: 90.345 Instrument: […]

Last week was very interesting in the markets because there were significant reversals. For example, the EUR/JPY, which has long been in an equilibrium zone, was able to break out in the direction of the bears. The new biases would continue to be valid for this week. EUR/USD: This pair was able to shrug off […]

There have been interesting developments in the markets as currency trading instruments experience significant reversals. For example, the EURJPY was able to break out in the direction of the bears, after some protracted consolidation phase. The price went below the supply zone of 140.00, and it is expected to continue going down further. EURUSD Dominant […]

“It is so important in the training for trading to do the right things from the very beginning.” – Norman Welz I recently met someone who doesn’t even know how to trade Forex, though he’d heard the word ‘Forex.’ We were chatting together and he, interestingly, said that when he was ready to do Forex, […]