Mar 18 2014 @ 03:13
Since the upwards breakout in early February 2014, Exxon Mobil (NYSE:XON) has assumed a bullish bias, with the probability of going further north. The price broke out from the Trendlines, closing above the upper Trendline and trending further north. Now, it is consolidating to the downside. The price may keep on going northward, or it […]
Mar 17 2014 @ 20:39
EUR/JPY is trying to define its intraday trend, as this pair remains amid the 200 SMA. This pair is trying to make a bullish consolidation above the 200 SMA. However, the EUR/JPY has made bearish rebounds at this level, so it is likely that this pair fall to the pivot point at the level of […]
Mar 17 2014 @ 17:52
Instrument: USDJPY Order: Sell Entry date: March 17, 2014 Entry price: 101.798 Stop loss: 102.806 Take profit: 99.806 Instrument: AUDJPY Order: Sell Entry date: March 17, 2014 Entry price: 92.478 Stop loss: 92.524 Take profit: 90.524 Instrument: CADJPY Order: Sell Entry date: March 17, 2014 Entry price: 90.026 Stop loss: 93.037 Take profit: 90.037 Instrument: […]
Mar 17 2014 @ 02:24
Since the USD/JPY is extremely bearish, we are looking forward to selling rallies on it this week. EUR/USD: The bias on this pair is bullish, and the price is expected to trend higher this week. The possibility of pullbacks cannot be ruled out, but the threats should be contained at the support lines of 1.3850 […]
Mar 14 2014 @ 10:28
Investors should not get carried away by hope that the bull market will continue to thrive after five years of rising prices. The longer a market continues to rise the more people turn bullish, trust returns and good news goes viral, new investors come along seeking easy money and a path to riches, the euphoria […]
Mar 14 2014 @ 04:54
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is a bull market irrespective of the recent pullback on it. The pullback is just a good opportunity to go long when the price is on sale and in the context of an uptrend. Our target remains at the resistance line of […]
Mar 13 2014 @ 07:40
“Let’s face facts. Traders with huge trading fortunes only exist because they started doing small things. Once they got the little things right – they catapulted towards success.” – Caroline Stephen Some decades ago, many people went to school to get knowledge. But nowadays, most people go to school so that they can get jobs […]
Mar 12 2014 @ 19:46
The Kiwi remains above the pivot point at the level of 0.8495 and now, the next target is the resistance level of 0.8552. If the pair manages to make a breakout at that level, the next target would be the resistance level of 0.8581. On the other hand, if this pair makes a bearish rebound […]
Mar 11 2014 @ 23:12
Amazon.com shares (
NASDAQ:AMZN) have been caught in a bullish convergence. The price was recently going upwards, though there is now a pullback in the market. The appearance of the ADX period 14 shows a volatile sideways movement which is being pulled by the bears. To explain further, the MACD histogram is above the zero line; […]
Mar 11 2014 @ 23:03
For Chevron stock (
NYSE:CVX), it is a tug of war between the bulls and the bears, which may result in the bull’s victory, as shown in the chart. While it fails to close below it, the price is hovering almost above the EMA 21. The Williams’ % Range period 20 is a kind of neutral, […]