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REWARD VERSUS MEANING Trading success does not follow a linear trajectory, success ebbs and flows with good times and bad times. If you trade for long enough you there eventually will come a time when you question the decision you have made to become a trader. It all seemed so easy initially and there was […]

Yesterday, political news dominated the scene. In the UK, Brexit secretary David Davies and Chancellor Hammond suggested that Britain may continue to make payments to the European Union budget even after Brexit in exchange for access to the single market. The comments caused the pound to strengthen against the dollar as this is the first […]

It’s US non-farm payrolls day, which always is a big event for the US dollar and even more important this time as it is the latest release before the FED meeting. The Federal Reserve is widely expected to raise interest rates in December as recent economic data have mostly been strong and supporting the case […]

AUS200 Dominant bias: Bullish On November 9, AUS200 dipped massively, reaching a low of 5042.00. Since then price has climbed numerous resistance lines (now support lines) gaining roughly 4500 points. Since the bias on the market is bullish, it is expected that price would continue going upwards till the end of the year. While there […]

Mark Carney, Bank of England Governor, has issued a warning to all UK households that the annual debt may be spinning out of control. Credit cards and other forms of unsecured debt are at their highest level for a number of years, as consumers carried on using false money for purchases. After releasing Stress Test […]

Tethys shares (LSE:TPL) are not an attractive market at the present. Price has been quite choppy for several months and the best action to take is to stay away from the market right now. Price has swung below the EMA 21 – in a volatile, choppy and unreliable manner. The MACD, default parameters, has its […]

Pantheon Resources stock (LSE:PANR) has gapped down in a an equilibrium market. The market went gradually downwards in August and September 2016, and then gapped down recently. Right now, The ADX period 14 is below the level 20, still reflecting the recent equilibrium phase in the market (though the ADX line would rise upwards any […]

The GBP/USD moved sideways throughout last week, resulting in a neutral bias in the near-term. The neutral bias has been going on for about two weeks, while the dominant bias on higher timeframes is bearish. A break out of the sideways movement is expected this week or next, and would most probably favor bears. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Last week, this pair moved largely sideways in the context of a downtrend. A break out of the sideways movement should happen before the end of this week (or next week), which would most probably favor bears. Although this pair is expected to continue […]

Westminster stock (LSE:WSG) has started moving south, following some heavy selling pressure that began this month. Further southwards movement is possible. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. The […]