Dec 12 2015 @ 01:58
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as […]
Dec 11 2015 @ 08:08
FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave 3 of a long term five-wave decline [i,ii,iii,iv,v (circle)] started from 6447.5. Seasonal influence is positive and the S&P is still in the uptrend, but sentiment has turned bearish and the 13-period MA has crossed below the 55-period MA […]
Dec 10 2015 @ 02:49
The problem with many traders is that they have only half a plan, the easy half. They know how much profit they’re willing to take, but they don’t have the foggiest idea how much they’re willing to lose. They’re like a deer in the headlights, they just freeze and wait to get run over. Their […]
Dec 09 2015 @ 18:49
Netflix shares (
NASDAQ:NFLX) are supposed to continue trending upwards. The uptrend has already started, and it would be sustained till around April 2016. 4 EMAs are used for the analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left side of the […]
Dec 09 2015 @ 18:32
There is a bullish momentum alive on the Kiwi, because of the RBNZ Monetary Policy Statement posted during the wednesday’s session. Technically, NZDUSD is looking to rally towards the resistance level of 0.6792, where a pullback could happen to test again the daily pivot point level of 0.6685. We should expect a higher high pattern […]
Dec 09 2015 @ 18:22
Gulf Keystone stock (
LSE:GKP) has been under serious selling pressure in the past several months. Contrary to what some fundamental analysts might be saying, the bearish trend might continue. The price has already broken downwards below the lower Trendline, going further south. The RSI period 14 is below the level 50, showing a strong bearish […]
Dec 09 2015 @ 07:01
AUDCHF = Sell USDCHF = Sell EURCHF = Sell CADCHF = Sell CHFJPY = Buy GBPCHF = Sell NZDCHF = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
Dec 08 2015 @ 15:22
AUDJPY = Sell AUDUSD = Sell EURAUD = Buy AUDCAD = Sell AUDCHF = Sell GBPAUD = Buy AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
Dec 06 2015 @ 21:46
Last week, the EUR/JPY rose from the demand zone at 130.00, testing the supply zone at 134.50. This was a movement of 450 pips, which was an exponential movement brought about by the great stamina in the EUR. The price is currently consolidating, but we might witness further bullish breakout in the market, since the […]
Dec 05 2015 @ 05:36
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There was a sudden and fast bullish breakout on EURUSD, which made it go upwards 450 pips, testing the resistance line at 1.0950. The price consolidated after that, till price closed last week. The bullish breakout has abruptly overturned the recent bearish trend in […]
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