Oct 16 2013 @ 22:58
The EUR/JPY continues to strengthen its bullish trend, while waiting for the formation of new bullish patterns. This pair is forming a lower high pattern above the support level of 132.75 and is very likely that this pair rises to the resistance level of 135.38 in the medium term. On the other hand, we must […]
Oct 15 2013 @ 02:47
Most JPY pairs opened with minor gaps at the beginning of the week. Overall, the JPY pairs may go further northward. EURUSD: The EURUSD moved indecisively yesterday; whereas the bullish signal on it is still valid (given the position of the indicators). The resistance line at 1.3600 would soon be broken to the upside, because […]
Oct 14 2013 @ 01:43
The JPY pairs are currently in a bullish mode, and that is what would likely be the bias for this week. EURUSD: The EURUSD has been moving in a highly volatile manner – giving room for palpable turbulence. There are mixed signals in the market and it is advisable to wait for a clearer direction […]
Oct 13 2013 @ 22:26
The AUD/USD opened this week with a bearish gap. The aussie is recovering after he opened the week with a bearish gap, which led to a drop to the support at 0.9426 level, where is located the 200 day moving average. It is very likely that this pair rise to the resistance level at 0.9474 […]
Oct 12 2013 @ 01:50
“I knew that, if I wanted to be successful, I needed to work smart, not hard.” – Marcello Arrambide Do not place too much emphasis on the trade you just opened. It might win or lose –and that’s how it’ll always be. If it wins, the gain should be decent if you let your profit […]
Oct 11 2013 @ 23:03
The kiwi is trying to consolidate above support at 0.8317 level The NZD/USD has made a bullish rebound on the support at the 0.8317 level and now this pair is trying to get back up to resistance level at 0.8348. If the pair manages to break this support level, would be expected to fall to […]
Oct 09 2013 @ 16:32
The EUR/JPY is recovering from falls that took a few days ago. This pair is forming a higher low pattern near the 131.85 level. The EURJPY could rise to the resistance level at 132.75 but this pair has been too weak, so we could see further dips to support at 130.72 level. However, if the […]
Oct 08 2013 @ 17:30
It is now suicidal to buy long on Gulf Keystone (
LSE:GKP), for the price has been making lower lows and lower highs. It is thus better to trade with the flow of the market instead of trading contrarily to the trend. Speculators are aware of the dangers of mean reversion trading; yet they trade in […]
Oct 08 2013 @ 17:23
Phorm Corp (
LSE:PHRM) is a highly promising market for profit seekers irrespective of its recent indecision which dragged on for several months. The price has been bottoming for months, reaching an all-time low at the accumulation zone of 2.00. One would see that the ADX period 14 is at the level 50 (meaning a strong […]
Oct 08 2013 @ 05:05
The EURJPY is now in a bullish retracement, and there is a supply level at 132.00. EURUSD: Irrespective of the range movement that has been characteristic of this pair so far, the overall bias is still bullish. The EMA 11 is above the EMA 56: the Williams’ % Range is close to the oversold area, […]
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