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 […]
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 […]
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. […]
Dec 03 2014 @ 04:27
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 […]
Dec 03 2014 @ 04:17
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 […]
Dec 02 2014 @ 16:53
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 […]
Dec 01 2014 @ 16:58
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 […]
Dec 01 2014 @ 13:59
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 […]
Nov 30 2014 @ 16:15
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 […]
Nov 29 2014 @ 02:03
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 […]