Investing Advice

The EUR/JPY trended downwards last week, owing to the weakness in the EUR. The price tested the demand zone at 133.50 and further bearish movement was rejected around that place. There is now a faint bullish effort in the market and the supply zones at 135.00 and 135.50 can be attained this week. The outlook […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This market, which was in an equilibrium phase for a few weeks, experienced further weakness last Thursday. Price dropped by 180 pips, closing below the resistance line at 1.1200. While price might saunter into the territory below the resistance line at 1.1100, it may […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 61 “According to a popular drink advert in the UK, good things come to those who wait. Trading is no different. It takes time and practice to become a consistently profitable trader. But when you do get there, everything will become very easy.” – Max Munroe […]

HSBC Holdings shares (LSE:HSBA) are currently downbeat and buyers should stay away. The market has been trending down generally for several months, with transitory rallies proffering opportunities to go short. Right now, the price is trading below the EMA 21 and the Williams’ % Range period 20 is gallivanting around the oversold region. This is […]

Bank of America stock (NYSE:BAC) is currently a dicey market and one should stay away until there is a predictable direction. The price made some effort to go north last year (2014), but there was a sharp pullback in the month of January 2015. The price is now trying to recover from the sharp pullback. […]

You just know it’s going to be a bad day when it’s time to report a 17% decline in pretax profit for any period. This morning, HSBC Holdings (LSE:HSBA), Europe’s largest bank, reported a 17% decline for the entire 12 months ending 31 December. The company’s share price followed suit post-announcement, falling more than 5.1% […]

It has to be said: The antics of your mind throw many a spanner into your trading works.  There is no other way of putting it, you are the unwitting victim of your mind rather than being the master of it. This simple fact, which I also discussed in my last article:” Why Fundamentals Don’t […]

The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market is not currently favorable for swing trading, except intraday trading or scalping. This is because the market has not moved protractedly in a vivid direction for weeks. There is a support line at 1.1300 and a resistance line at 1.1450, and a […]

It has been one week since I used this space to discuss ARM Holdings (LSE:ARM) following its earnings report for 2014. In the interim, ARM’s share price has gained an additional 12 points. It is up 104 points (10%) since 01 January, closing today at 1,099.00. Every time I research ARM, I get the same […]