May 01 2014 @ 17:49
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In order to generate optimal profits, some tact is required in handling the market. This is a bull market but the bias is not very strong. The tug of war between the bull and the bear has resulted in serious upswings and downswings in […]
Apr 30 2014 @ 15:42
“You’re battling your fear, your greed, your hope. All those human emotions are your challenge.” Forex trading is as rewarding as it’s challenging. For those who’ve mastered the art of trading, it’s an unlimited ATM machine. However, certain conditions must be met before the ATM machine can be unlocked. According to one writer, you don’t […]
Apr 30 2014 @ 04:45
Globo shares (
LSE:GBO) are bearish, but the price seems to have reached some rock-bottom at the accumulation territory of 40.00. Around that territory, the market is volatile and bearish pulls have been sharply rejected. The trend cannot go down forever, for no hen will be unfortunate enough to lay black eggs. We are watching the […]
Apr 30 2014 @ 04:35
Gulf Keystone stock (
LSE:GKP) is bearish in the medium-term and bullish in the long-term. The bearish bias is strong enough to make the bear profitable and to make the bull anxious. When the recent bearish bias began, it was thought that things would change as the price tested one support level after the other. However, […]
Apr 28 2014 @ 18:38
Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish There is not yet any Bullish Confirmation Pattern in this market, unless the price goes above the resistance level at 1300.00. As long as the price stays below the resistance levels, the bias remains bearish. Last week, there were large downswings and […]
Apr 27 2014 @ 19:19
The perpetual weakness on the USD/JPY has resulted in a ‘sell’ signal. This week, the price may reach the demand level at 101.50. EUR/USD: This market traded in a range last week, but the bulls are now gaining upper hands. The price is now showing some bullish determination, but the determination would be clearer when […]
Apr 25 2014 @ 02:30
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The overall bias on the EURUSD is neutral because the market has been in an equilibrium phase for about two weeks. While there is currently no directional bias on this pair, momentum would soon return to the market, which would cause a significant movement […]
Apr 24 2014 @ 04:19
THE IDEAL POSITIVE EXPECTANCY “It is especially in short-term trading, with a wealth of trading signals, that consistent trading in the overall trend direction pays off.” – Arne and Falk Elsner One of the big factors in trading success is to think in terms of the risk-to-reward ratio (RRR). That’s your risk in terms of […]
Apr 23 2014 @ 22:51
The AUD/USD had a profound drop to support level of 0.9280. This pair is trying to form a higher low pattern below the pivot point at the level of 0.9311. If the AUD/USD manages to make a breakout in the support level of 0.9246, next target would be the support level of 0.9202. On the […]
Apr 23 2014 @ 07:41
e-Yield Sentiment Indicator (ESI) is neutral but it could turn bullish soon. One of the components of the ESI, the 34-day BTI is still declining while the second component is rising. This divergence will come to an end when the two indicators points in the same direction. Until then I can’t say with a high […]
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