Technical Analysis

Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]

The EURUSD has a strong bullish trend and now, this pair will seek to break new resistances. EURUSD is forming a lower high pattern below the resistance level of 1.3309. If this pair manages to break this resistance, it is expected to rise to the level of 1.3363. The general outlook for this pair is […]

The USDCAD has not had significant movements that have achieved mainstream alter this pair, which is bullish. The USDCAD has been in a low range in this chart, forming a support level at 1.0290 and resistance at 1.0400 psychological level. If the loonie managed to break the resistance at 1.0400, it’s expected to rise to […]

I have an unfair advantage when it comes to forecasting the stock market. Unlike 95% of analysts, I use sentiment and Elliott wave analysis to forecast prices which work incredibly well. These two techniques together are a powerful forecasting indicator. Take the current stock market slide for example, regular readers will know that I warned […]

TRADING IS IDEAL FOR A WOMAN! As I told you in an earlier article, women can be, and are great traders as well. They certainly got admirable qualities that can also help them in trading. There’s no level of success in trading that isn’t attainable by women. I foresee that the number of women in […]

Goldplat stock (LSE:GDP) has been in a bearish mode since the last year and it has remained so till now. This is bias that would inevitable continue. The EMA period 50 has been sloping downwards for the most part of this year. Historically, any rallies – which were few and far between – had given […]

In the yesterday session, the EURUSD was very bullish, approaching to the SMA 200 and strengthening its overall bullish trend. EURUSD is forming a lower high pattern, the resistance below the level of 1.3070. If the EURUSD manages to break this resistance, it is expected to rise to the level of 1.3130. Recall that near […]

Because of the weakness on the Greenback, the EURUSD and the GBPUSD have been bullish, whereas the USDCHF has been bearish. This outlook may be valid for the next several trading days. The JPY pairs also have the potential to maintain their extant outlook. EURUSD Primary trend: Bullish There is a bullish indication on the […]

The GBPUSD is trying to resume the bullish trend, but strong resistances are preventing it. The GBPUSD failed to break the resistance level at 1.5155 and now is trying to climb up to the resistance level at 1.5257, a strong resistance in the way. We should note that if the GBPUSD manages to break this […]

Great traders are made, not born. Does age have to do with successful trading? Well, experienced traders tend to be older than inexperienced traders. Analyses of different pairs and crosses would help the trader gain the overall insight into what is really happening in the markets. For example, all JPY pairs tend to be positively […]