Technical Analysis

The AUD/USD had a bullish momentum at the start of the day today. Now this pair is consolidating above the daily pivot point of 0.9391, so the next target would be the resistance level of 0.9408. If the AUDUSD manages to make a breakout at that level would be expected to rise to the level […]

The USD/JPY is still in a bearish mode, although the price is making some rally attempts. The rally may be contained at the supply level of 101.50. This is an area from which the price may go further downwards. EUR/USD: The bias on this market is bearish and the price is expected to go further […]

My sentiment indicator remains bearish but the stock market is now near a bottom. On the chart below we can see a support line crossing 6615, according to basic technical analysis, there will be some support above that level. The decline accelerated yesterday after concerns emerged about the financial health of Portugal ‘s top listed […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the EUR/USD remains a weak pair, the direction on it has not been significantly bearish (neither has the price been able to go upwards significantly). However, this kind if market is great for scalpers and intraday traders, but not for swing and position […]

A STEP BETWEEN PENURY AND SOLVENCY “Once you take the desire to make money out of your trading and put in the desire to do what good traders do, your mindset shifts and allows you to make more good decisions.” – Craig Cobb Alan* has reached the end of his tether. His handiwork is not […]

Quadrise stock (LSE:QFI) has started a new northward outlook, as it rises. The northward outlook could last for several months. The recent bias was bearish and the price has been extremely volatile – making wide stops sensible in this market. In the chart, the price broke above the EMA 21, gapped upwards and closed above […]

Tricor shares (LSE:TRIC) bring losses to the bulls as they dived for most part of the year 2014. Even the tight range that followed still showcases the supremacy of the bears. Anyone who had gone long, or who goes long in this market, will suffer. The ADX period 14 is above the level 60, showing […]

The NZDUSD is trying to settle above the daily pivot point level of 0.8749, so the next target is the resistance level of 0.8783. If the pair manages to make a breakout at that level would be expected to rise to the level of 0.8804, which would be a bullish consolidation on the H1 chart, […]

Instrument: USDJPY Order: Buy Entry date: July 7, 2014 Entry price: 101.880 Stop loss: 100.873 Take profit: 103.873 Instrument: AUDJPY Order: Buy Entry date: July 7, 2014 Entry price: 95.451 Stop loss: 94.428 Take profit: 97.426 Instrument: CADJPY Order: Buy Entry date: July 7, 2014 Entry price: 95.387 Stop loss: 94.368 Take profit: 97.368 Instrument: […]

The EURJPY is finding support on the 200 SMA and the daily pivot point level of 138.79 on the H1 chart. This pair might find resistance at the pivot point and fall to the support offered by the level of 138.50. If the EURJPY manages to make a breakout at that level, the next target […]