Technical Analysis

The EUR/GBP continues to fall below the 200 SMA, in an effort to consolidate the current bearish bias. This pair is forming a bearish pattern below the pivot point level of 0.8236. Now the EUR/GBP aims at support level of 0.8206. If the pair manages to make a breakout at that level, would be expected […]

The AUD/USD began this week with a strong bearish bias. The aussie is trying to make a bullish rebound on the 200-day moving average, which is close to the support level of 0.9339. If the AUD/USD manages to make a breakout to the pivot point of 0.9373 level, it’s expected to rise to the level […]

The EU/RJPY is stable above the support level of 140.41. This pair is moving in a low range below the 200 SMA. However, the bearish outlook remains alive while the EUR/JPY remains below the pivot point at the level of 140.75. If this pair makes a breakout at that level, the next target would be […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bullish As it was forecasted before, the price on Gold has become bullish and the perpetual bullish attempts in the market (in spite of some occasional pullbacks, which are often transient) are now conspicuous. From the support level at 1277.50, the price […]

The USD/CHF is weak and it is currently challenging the support level at 0.8750. Once the support level has been overcome, the price would go to the next target at 0.8700. EUR/USD: This currency trading instrument closed at 1.3884 on Friday, April 11, 2014. It closed on a bullish note, which means that the price […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair rejected the recent southward pull on it, trended upwards and resulted in a confirmed bullish bias. From the support line at 1.3700, this market has moved upwards and it could test the resistance line at 1.3950. Testing the resistance line at 1.4000 […]

The kiwi has fallen to the 200 day moving average after published fundamental news in New Zealand that negatively affected this currency. The NZD/USD is trying to find support on the 200 SMA with the formation of a bearish pattern near to the support level of 0.8634. If the pair manages to make a breakout […]

Last Saturday I spoke at the UK Investor Show about the importance of sentiment on stock prices. Each time I present on this subject I am not sure if the audience connects with the notion that “stock prices are driven by sentiment”. This is not conventional wisdom as the majority of people who invest in […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 47 “We are easily deceived when we are told exactly what we want to hear.” – Malcolm Robinson Ray Dalio was born in August 1, 1949, in Jackson Heights, Queens, New York, United States. He’s an American hedge fund guru. Being a son of an artiste […]

Sefton Resources shares (LSE:SER) are hopelessly bearish, and they are expected to continue being so. For the past several months, the market has done nothing except to consolidate and trade further south in a slow and steady manner. The ADX period 14 shows a lack a momentum: it is below the level 20. The DM+ […]