US News

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 6 “We do not have a crystal ball, so we do not know when this current losing period will end. However, we can look in the rear view mirror and see that when we experienced periods like this before, not only did we survive, but […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 250 pips last week, testing the resistance line at 1.1400. That resistance line has proven to be an obstacle to bulls because price was unable to close above it last week (in spite of forays into it). Price might be […]

The EUR/JPY moved sideways throughout last week, not going below the demand zone at 125.00, nor going above the supply zone at 126.50. A breakout is imminent this week, which would most probably favor the bulls, because the outlook on JPY pairs is bright for the week. When there is a rally, the supply levels […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish As expected, this pair got corrected lower last week, moving downward by 120 pips before closing while consolidating. The support line at 1.1150 has been tested and it would be breached to the downside this week. EUR would be seen weakening against major currencies […]

Last week, the Cable dropped by 320 pips from Monday to Wednesday, and rose steeply by 450 pips on Wednesday and Thursday; only to consolidate on Friday. The price has been trying to go above the distribution territory at 1.4500, which has been refusing further northward movement. That distribution territory would be broken to the […]

Chevron stock (NYSE:CVX) has been making commendable bullish effort since the beginning of March 2016, although the market has been quite choppy (moving sideways) for the past several months. In the chart, the ADX period 14 is above the level 20, showing that some momentum may be rising in the market. The DM+ is also […]

AIG shares (NYSE:AIG) have gone bearish since the beginning of the year 2016. This bearish journey is supposed to continue for the rest of this year. The price is currently below the EMA 26, and the Williams’ % Range period 20 is sloping towards the overbought territory, which simply means a rally in the context […]

The EUR/JPY ended up being bullish last week, having formed a Bullish Confirmation Pattern in the chart. The supply level at 127.00 has been tested and it would be tested again, as the bulls are determined to continue pushing the price upwards. The price is supposed to continue moving upwards this week, reaching the supply […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated from Monday to Wednesday, breaking out northward on Thursday (March 10, 2016). On that day, price first spiked downwards and then rallied significantly, testing the resistance line at 1.1200. There is a Bullish Confirmation Pattern in the market and it is […]

One of the most devilish conundrums faced by traders is what to do when an instrument they are following gives a valid signal but this signal is either at an all-time high or low. Such a situation has recently occurred with wheat, which according to my system gave a valid sell signal as it moved […]