Jan 12 2015 @ 17:29
EURUSD = Buy EURCAD = Buy EURAUD = Buy EURNZD = Buy EURJPY = Buy EURCHF = Buy EURGBP = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
Jan 11 2015 @ 17:11
The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price […]
Jan 10 2015 @ 16:18
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD assumed its southward journey on January 2, 2015, going further and further south in the following week. Price went below the support line at 1.1800, and then consolidated until the end of the week. There is now a slight rally, which could portend […]
Jan 09 2015 @ 06:15
“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About 4 years ago, Mr. Geoffrey* came to me and said he wanted to learn […]
Jan 08 2015 @ 06:31
The S&P 500 climbed by the most in three weeks on Wednesday as Federal Reserve meeting minutes boosted investor confidence and there was some upbeat economic data out of the world’s largest economy. The rally comes after a five-day losing streak which saw the index drop back below the 2,000 level. Concern over a Greek […]
Jan 07 2015 @ 22:29
The EURJPY has found solid support at the level of 140.61, which is below the daily pivot point level of 141.14, as we can see it at the H1 chart. Now this pair is trying to gain positions to the resistance level of 141.71. If the EURJPY manages to make a breakout in that area, […]
Jan 06 2015 @ 18:05
Contrary to expectations, Gulf Keystone shares (
LSE:GKP) were weak throughout the last year. Price dived freely and upwards bounces proffered great short-selling opportunities. The bearish outlook is valid for this year: the upward bounces along the way should not be chased. A mouse that tries to chase a cat is looking for trouble. A dog […]
Jan 06 2015 @ 17:49
Facebook stock (
NASDAQ:FB) was bullish for most of the last year, though the bears also showed their strength in some cases. Price tried to move further upwards in December 2014, but this was rejected and things turned bearish. This novel bearish outlook should not be belittled because it may translate into a significant bearish run. […]
Jan 05 2015 @ 21:31
The EURGBP continues to find dynamic resistance at the 200-day moving average in the H1 chart, which coincides with the daily pivot point of 0.7824 level. This pair continues to try to form a bullish pattern to climb to the resistance level of 0.7849, despite that fact that the EURGBP would have to make a […]
Jan 05 2015 @ 17:35
GOLD (XAUUSD) Long-term Bias: Bearish Gold trended lower last year – just as it did in the year 2013. From January 2014 to early March of the same year, price moved upwards significantly, topping at 1391.97. Since then, further rally was rejected and price began to come down, although the bulls made desperate effort to […]