Apr 06 2015 @ 01:04
The USD/CHF went upwards last week – just in opposite of what the EUR/USD was doing. The market first made some bullish attempt, reaching the resistance level at 0.9750. Further bullish journey was rejected at that resistance level and price plunged by 250 pips, testing the support level at 0.9500. The bearish movement this week […]
Apr 05 2015 @ 16:55
GOLD (XAUUSD) Dominant Bias: Bullish The dominant bias on Gold has turned bullish as bulls are making effort to push price north. This fact has proven to be true in the last few weeks. There is a Bullish Confirmation Pattern in the market and it is likely that bears effort will often be frustrated, enabling […]
Apr 04 2015 @ 15:24
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair first traded downwards last week, reaching the support line at 1.0750. Around that support line, further bearish movement was rejected and price rose by 250 pips. There is now a clean Bullish Confirmation Pattern in the chart: there is a possibility that […]
Apr 02 2015 @ 05:14
The H1 chart is already showing a strong bearish bias in the short and medium term for the NZDUSD. Also, the 200 SMA is doing a dynamic resistance over this pair and we should see a strong pullback there, towards the daily pivot point level of 0.7444. If the Kiwi does a breakout on that […]
Apr 01 2015 @ 17:36
“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?” The markets offer riches that can’t be accessed unless you become a trader or an investor. […]
Apr 01 2015 @ 02:59
ADVFN shares (
LSE:AFN) look promising, showing a great deal of energy. The price consolidated last year and broke upwards significantly this year. The price topped at the supply level at 130 and then retraced lower towards the near-term demand level at 117. We know this is a bull market, but buyers should look for optimal […]
Apr 01 2015 @ 02:51
Exxon Mobil stock (
NYSE:XOM) is very weak right now. The stock trended downwards towards the end of last year (2014), and it went further downwards this year. Things have been bearish so far. In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each […]
Mar 31 2015 @ 05:20
The EURUSD is very strong in the current bearish bias, as the pair has been trading below the 200 SMA during this week. In an intraday outlook, the EURUSD broke the important supports at the 1.0796 and 1.0760 levels, which are also below the daily pivot point zone of 1.0845. We could expect more downside […]
Mar 29 2015 @ 16:48
The Cable moved only sideways throughout last week, with neither the bull nor the bear gaining an upper hand. As long as the bull and the bear seem to have equal stamina, the sideways movement can continue – until there is a rise in momentum which could cause an imbalance in the market. The imbalance […]
Mar 28 2015 @ 05:33
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD, which has been making some bullish attempt since a few weeks ago, is now above the support line at 1.0850. On the downside, there are support lines at 1.0800 and 1.0700. On the upside, there are resistance lines at 1.1000 and 1.2000. It […]