US News

Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated throughout last week, moving between the resistance line at 1.2300 and the support line at 1.2150. The resistance line at 1.2300 was tested unsuccessfully, and it is unlikely that price would stay above it, even if it tested again. There is […]

IBM stock (NYSE:IBM) is currently in an uptrend. The recent bearish correction would turn out to be an opportunity to buy long at better prices. In January 2018, price jumped above the upper Trendline, going further upwards. However, price suddenly experienced a shallow bearish correction, which would enable bulls to enter the market at better […]

The USD/JPY dropped massively last week, shedding 220 pips and testing the demand level at 111.00, with the intent to breach it to the downside. There is a huge Bearish Confirmation Pattern in the 4-hour chart, and further bearish movement is anticipated in the market. The next targets are the demand levels at 110.50, 110.00 […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market was bearish from Monday to Wednesday, and then began to make some bullish effort, which eventually paid for. From the middle of last week, price rose by 270 pips, to test the resistance line at 1.2200. That resistance line remains under siege, […]

Google stock (NASDAQ:GOOG) is a bullish market. Price consolidated in April to September 2017, and the assumed a bullish journey. The ADX period 14 is almost at the level 40, signifying a strong momentum. The DM+ is above the DM-, meaning that bulls reign. The MACD, default parameters, has its signal lines and histogram above […]

The EUR/JPY went upwards to test the supply zone at 136.50. Since December 15, 2017, price has gained over 400 pips; plus it would be somewhat difficult for a lasting bearish movement to occur in the market, as long EUR has some stamina. Bulls may be able to push price towards the supply zones of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market essentially consolidated throughout last week – in the context of an uptrend. Although price did not go seriously upwards or downwards last week, that stance is going to change this week (for price would assume a directional movement). It is much more […]

Facebook shares (NASDAQ:FB) have been able to maintain their bullishness so far, in spite of occasional bearish corrections, which are temporary in some cases. The overall bias is bullish, and recently, the New Year has started on a bullish note, which promises further bullish movement in the year 2018. The RSI period 14 is above […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold dropped massively in the first half of last month, reaching a low of 1236.21 on December 12, 2017. At that juncture, further bearish movement was rejected, as price went upwards by 7000 pips, ending the month on a strong bullish note. There is a Bullish Confirmation Pattern in the […]