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Technical Analysis

Does it make sense to go long on Kefi Minerals?

Dec 09 2014 @ 16:24
Does it make sense to go long on Keffi Minerals? Keffi Minerals stock (LSE:KEFI) appears to be rallying in the context of a downtrend. Should one go long? When caught in a wrong direction, traders who hate to use stops are often forced to run their positions longer than they can imagine. When many experts […]
 

Metal Tiger: Price Going Towards the Resistance Level at 2.500

Dec 09 2014 @ 16:13
Metal Tiger shares (LSE:MTR) are going up and they may reach the resistance level at 2.500. Price traded lower in the months of October and November 2014, but it has skyrocketed in this month. One great trader has said that his view on the shares is bullish. When a great trader says something, the market […]
 

Trading Signals for GBP Pairs (December 9 - 22, 2014)

Dec 08 2014 @ 16:54
GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = 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 […]
 

EURGBP doing corrective movements and finding resistance at 0.7870 level

Dec 08 2014 @ 16:18
The EURGBP made a rebound on the support level of 0.7845, so this pair is performing corrective Movements in favor of the current bearish bias. Now the EURGBP is finding resistance at the daily pivot point of 0.7870 level, so this pair could make a pullback in that area and fall back to the level […]
 

Daily analysis of major pairs for December 8, 2014

Dec 07 2014 @ 18:18
Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength. EUR/USD: This pair […]
 

AUDUSD remains stable in short-term bearish bias

Dec 07 2014 @ 16:26
The AUDUSD has started the week with a bearish gap below the daily pivot point of 0.8341 level, which could serve as a strong resistance zone in this pair. Now the AUDUSD try to reach that level to fill the gap, but the bearish bias still remains strong in the Aussie, which is likely to […]
 

Weekly Trading Forecasts on Major Pairs (December 8 - 12, 2014)

Dec 06 2014 @ 15:45
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the broke below the line at 1.2400 (which is now a resistance line) led to the strengthening of the bearish bias as price went further downwards, closing below the resistance line at 1.2300. The target for next week […]
 

Gold: we remain cautiously bullish

Dec 05 2014 @ 03:03
Gold futures traded in a tight range on Thursday in what was a relatively quiet session across most financial assets. Traders had one eye on Friday’s non-farm payroll numbers and stock markets retreated across the board. The S&P 500 pared early losses to finish lower by -0.12% on the day. ECB Chief Mario Draghi said […]
 

EURJPY remains in bullis bias above support level of 147.90

Dec 04 2014 @ 17:34
The EURJPY has made a pullback on the resistance level of 148.77 in the H1 chart. This pair is making a retracement for the current bullish trend therefore is very likely that the EURJPY finds support at the 147.90 level, where furthermore, this pair could conduct a rebound to climb back up to resistance level […]
 

A Simple but Effective Relative Strength Index/Bollinger Bands Strategy

Dec 04 2014 @ 05:33
“I am adhering to a positive expectancy model and prudent rules of risk management, therefore I have confidence in taking each and every trading signal.” The Relative Strength Index (RSI) – which has many uses – is a popular tool among Forex traders. However, using it in a conventional way mayn’t serve our best interest. […]
 
 
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