Jun 09 2014 @ 19:16
The EURGBP has dropped below the pivot point level of 0.8099. This pair has been very strong in the current bearish trend below the 200 day moving average, so the next target is the support level of 0.8076. If the EURGBP manages to make a breakout at that level would be expected to fall to […]
Jun 09 2014 @ 18:58
GOLD (XAUUSD) Dominant Bias: Bearish In the context of a downtrend, Gold is making attempts to rally. The attempts have not really ruled out the bearish bias, except the price goes above the resistance level at 1270.00. A close above that level would mean the beginning of a new bullish trend; but as long as […]
Jun 08 2014 @ 20:41
The AUD/USD continues to strengthen the bullish trend above the 200 SMA. The Aussie is trying to consolidate above the pivot point level of 0.9336, so the next target would be the resistance level of 0.9355. If the pair manages to make a breakout at that level, the next target would be the level of […]
Jun 08 2014 @ 17:22
On Friday (June 6, 2014), the USDCHF closed at 0.8934. The price has already assumed a bearish stance, which may continue this week. The next target to be reached is at the support level of 0.8900. EUR/USD: This market was volatile last week. Now it looks as though the price is poised to go northwards, […]
Jun 06 2014 @ 01:02
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair recently managed to test the support line at 1.3500 (or the price almost touched the support line). The movement of the price around the support line could not be sustained because the price bounced upwards seriously, reaching the resistance line at 1.6350. […]
Jun 05 2014 @ 00:09
The EUR/JPY has consolidated pivot point below the level of 139.72. This pair is trying to form a bearish pattern to continue falls below the 139.32 level. If the EURJPY manages to make a breakout at that level, the next target would be the support level of 139.10, where the 200 SMA is located. Moreover, […]
Jun 04 2014 @ 03:44
Rare Earth Minerals stock (
LSE:REM) has assumed a serious bullish bias, and this is something that results in windfall for the buyers. Recently the market, which was trending downwards, found some bottom at support level of 0.4. The bottom was found during a protracted consolidation phase that held out for a few months. In May […]
Jun 04 2014 @ 03:31
African Potash shares (
LSE:AFPO) were trending downwards in a slow and steady manner before further downwards trend was rejected in May 2014. Since then, the price has assumed a new bullish bias. The new bullish bas is sustainable because the price is now far above the Trendlines (an area from which it broke out). In […]
Jun 03 2014 @ 19:16
The NZD/USD has strengthened the current bearish trend in the last days. The Kiwi is trying to make a breakout in the support level of 0.8410, as this pair remains below the pivot point level of 0.8444. If the NZD/USD manages to make a breakout at the level of 0.8410, next target would be the […]
Jun 02 2014 @ 19:34
Instrument: EURJPY Order: Sell Entry date: June 2, 2014 Entry price: 139.240 Stop loss: 140.267 Take profit: 137.267 Instrument: EURAUD Order: Sell Entry date: June 2, 2014 Entry price: 1.47109 Stop loss: 1.48533 Take profit: 1.45133 Instrument: EURCAD Order: Sell Entry date: June 2, 2014 Entry price: 1.48206 Stop loss: 1.49221 Take profit: 1.46221 Instrument: […]