Technical Analysis

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish There is not yet any Bullish Confirmation Pattern in this market, unless the price goes above the resistance level at 1300.00. As long as the price stays below the resistance levels, the bias remains bearish. Last week, there were large downswings and […]

The perpetual weakness on the USD/JPY has resulted in a ‘sell’ signal. This week, the price may reach the demand level at 101.50. EUR/USD: This market traded in a range last week, but the bulls are now gaining upper hands. The price is now showing some bullish determination, but the determination would be clearer when […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The overall bias on the EURUSD is neutral because the market has been in an equilibrium phase for about two weeks. While there is currently no directional bias on this pair, momentum would soon return to the market, which would cause a significant movement […]

THE IDEAL POSITIVE EXPECTANCY “It is especially in short-term trading, with a wealth of trading signals, that consistent trading in the overall trend direction pays off.” – Arne and Falk Elsner One of the big factors in trading success is to think in terms of the risk-to-reward ratio (RRR). That’s your risk in terms of […]

The AUD/USD had a profound drop to support level of 0.9280. This pair is trying to form a higher low pattern below the pivot point at the level of 0.9311. If the AUD/USD manages to make a breakout in the support level of 0.9246, next target would be the support level of 0.9202. On the […]

e-Yield Sentiment Indicator (ESI) is neutral but it could turn bullish soon. One of the components of the ESI, the 34-day BTI is still declining while the second component is rising. This divergence will come to an end when the two indicators points in the same direction. Until then I can’t say with a high […]

The EURJPY is very strong in the bullish bias due to rebound this pair did in the 200 SMA The EURJPY is trying to consolidate above the 200 SMA. Nevertheless, this pair has not yet formed a bullish pattern that could confirm this bullish consolidation. However, if the EURJPY manages to make a breakout on […]

Plexus stock (LSE:POS) is a difficult and choppy market as shown in the chart. The price is jumpy with no protracted directional move. However, what would be the next directional move when momentum returns to the market? The ADX period 14 shows that the market is in an equilibrium mode; but the fact that the […]

Iofina shares (LSE:IOF) are expected to dip further. The overall bias is bearish – established bias – and the possibility that the price may dip further is very high. The price is below the EMA 21. The Williams’ % Range period 20 recently sloped upwards in the context of a downtrend. This is a kind […]

The NZDUSD remains very strong in the current bearish trend. The Kiwi has found resistance at the pivot point level of 0.8575, so it is very likely that this paica Gaiga to support level of 0.8550. If the NZDUSD manages to make a breakout at that level, the next target would be the support level […]