Technical Analysis

There is a raging battle between the bulls and the bears on the Internet. On Twitter and trading forums the bulls are winning. Not surprising, the stock market has been rising for five years. Each time there is a pullback the stock market rallies to new highs. This pattern has been repeating itself for so […]

AUD/USD had a week start completely dominated by the strength of the bears, as this pair is in a strong bearish bias. The AUD/USD has consolidated below the 200 SMA on the H1 chart and now this pair is finding support level 0.8932 sobr eel. If the pair manages to make a breakout at that […]

EUR/GBP is strengthening the bearish bias and is likely to continue falling for the rest of the week. This pair is consolidating below the 200 SMA and the pivot point at the level of 0.8222. Now, it is very likely that the EUR/GBP fall to the support level of 0.8192. If the pair manages to […]

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EUR/JPY has made a bullish rebound above the 200 day moving average, so it is very likely that this pair continue the bullish trend strongly. The EUR/JPY is trying to consolidate above the pivot point at the level of 140.53. Now, it is very likely that this pair try to climb up to the resistance […]

At the start of this week, NZD/USD has managed to consolidate above the 200 SMA and the pivot point. It is very likely that this pair continue to rise, since the NZD/USD is forming a lower high pattern below the resistance level of 0.8348. If the kiwi manages to make a breakout at that level, […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): As it was mentioned in the last forecast on Gold, the price of this precious metal pulled back last week, following a few days of consolidation. However, the price has shrugged off further bearish pull as it begins a new period of bullish journey. […]

Annual Trading Forecast on Bank of America (2014) The Bank of America stock (NYSE:BAC) is expected to rally further after the current pullback – for the dominant bias is bullish. Also, we need to be wary of fundamental effects which can also have impact on the price.   4 EMAs are used for the analysis. […]

Gulf Keystone shares (LSE:GKP) have been trending lower since January 2014, and this may continue in March, although in a limited manner. The long-term outlook is bullish but the medium-term outlook is bearish. The price has fallen below below the Lower Trendline, plus  there has been a cut-throat struggle between the bulls and the bears. […]

The USD/JPY has been making some bullish effort but there is a need for a break above the supply level at 103.00 before there is a strong Bullish Confirmation Pattern in the chart. EUR/USD: This pair is expected to go further upwards in this week, reaching the target at the resistance line of 1.3800. The […]