Financial Guides

Gulf Keystone (LSE:GKP) is in a long-term bearish trend, though the trend last year was bullish. This reveals that it is only a matter of time before gains are given up – whether it takes months of years. These shares are a good instance of choppy instrument. This is a kind of price action that […]

Instrument: USDJPY Order: Sell Entry date: May 26, 2014 Entry price: 101.932 Stop loss: 102.944 Take profit: 99.944 Instrument: AUDJPY Order: Sell Entry date: May 26, 2014 Entry price: 94.185 Stop loss: 95.185 Take profit: 92.184 Instrument: CADJPY Order: Sell Entry date: May 26, 2014 Entry price: 93.839 Stop loss: 94.866 Take profit: 91.866 Instrument: […]

The situation on the USD/CHF is now getting interesting. After a long period of siege and repeated bullish attacks, the price managed to close above the support level of 0.8950. For the bullish victory to continue, the price needs to move towards the resistance level at 0.9000. EUR/USD: After much determined effort on the side […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The dominant bias on the EUR/USD has been bearish for most part of this month. However, the adamant and obdurate support line at 1.3650 has been a major headache to the bears. As a result of this, the southward journey has been limited, e.g. […]

“We’ve seen plenty of traders over the years make huge returns on their accounts, well over 1000 per cent in a relatively short period of time, but as soon as they hit a drawdown period they just as quickly give it all back. This is because they were trading well beyond risk limits in the […]

Tower Resources shares (LSE:TRP) are a very weak market – a bad market for the bulls. Nevertheless, it is a good market for the bears, who are currently smiling to their banks. It would be a bad decision to go long on this kind of market. Some people know the decisions they want to make […]

Bowleven stock (LSE:BLVN) has been in a long-term downtrend, with the inability to move significantly upwards. Someone who went short last year would have made some easy money. Even novice traders make money when there is a sustained bias that holds out very long. In the chart, 4 EMAs are used. They are EMAs 10, […]

Instrument: USDJPY Order: Buy Entry date: May 19, 2014 Entry price: 101.425 Stop loss: 100.429 Take profit: 103.429 Instrument: AUDJPY Order: Buy Entry date: May 19, 2014 Entry price: 94.614 Stop loss: 93.594 Take profit: 96.594 Instrument: CADJPY Order: Buy Entry date: May 19, 2014 Entry price: 93.315 Stop loss: 92.301 Take profit: 95.301 Instrument: […]

From the accumulation territory at 1.6750, the Cable has bounced upwards. The upward bounce should pause at the distribution territory of 1.6850, so that the present bearish outlook may continue to be valid. EUR/USD: The EURUSD trended gracefully to the downside last week. However, the graceful downward movement has been challenged at the support line […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This currency trading instrument has been bearish since last week. From a high of 1.3993, the price dropped by over 340 pips, reaching the support line at 1.3650. The support line has brought about a temporary halt in the bearish journey. This halt resulted […]