Technical Analysis

Fitbug Holdings shares (LSE:FITB) have risen from a strange base in a determination to go upwards. The base is called a strange base because it was ongoing for many months (an extremely tight consolidation), while price appears as dots in the chart. However, the current upwards breakout signals the end of the tight consolidation. The […]

Gulf Keystone stock (LSE:GKP) is still bearish in outlook and long trades are not currently recommended. The bearish forces that cause the current weakness are present in the market. The insects that devour vegetables live on vegetables. The price is almost below the EMA 21 and the Williams’ % Range period 20 is not that […]

The NZDUSD took a steep drop to the support level of 0.7791 during yesterday’s session. The NZDUSD is trying to form a double bottom pattern on the level of 0.7791, which is very likely to be pair up to where is located the daily pivot point of 0.7850 level, where is located the 200 SMA […]

The EURGBP fell precipitously below the resistance level of 0.7980 and now, this pair is consolidating below the 200 SMA in the H1 chart. This pair has rejected several times by the support level of 0.7922, so the EURGBP could rise to daily pivot point of 0.7946 level. Furthermore, if the EURGBP carries a breakout […]

GOLD (XAUUSD) Dominant Bias: Bullish According to the past historical seasonal trend and cycle, Gold was expected to be bullish around the last Thanksgiving holiday. Instead, Gold price consolidated and later dropped sharply last week – another example of the fact that past event is not indicative of future result. However, this does not mean […]

The ultimate target for USD/JPY is at the supply level of 119.00, and price is now close to that target. With further strength in the market, the supply level can be breached to the upside as the bulls continue to push price up. In that case, the next target could be the supply level at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair showcases a seriously struggle between the bull and the bear, as price remains volatile. The bull is making attempt to push price upwards but now and then, this is being thwarted by the bear. Before it can be said that the bias […]

The AUDUSD made a pullback in 200 SMA at H1 chart, so this pair could form a bearish pattern in the coming days. If the AUDUSD takes a breakout at the support level of 0.8873, the bearish bias could be extended to the level of 0.8849, which further strengthen the current trend for several more […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 56 “The most important function that fundamental short sellers bring to the market is that they are real time financial detectives.” Born in 1975, James Chanos is an American professional speculator and funds manager who’s a great bear in the market. He was born in a […]

Optibiotix stock (LSE:OPTI) has gone upwards significantly and it is expected that the substantial gains made by the bulls would be sustained. In this market, short-term pullbacks should be seen as another money making opportunities by the bulls. When speculating on a new bias, what you think is a new bias may simple be a […]