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Technical Analysis

EURJPY strong in bullish momentum but currently faces a strong resistance level

24 Oct 2014 @ 00:48
The EURJPY had a strong bullish momentum above the 200 SMA on the H1 chart. Now this pair is consolidating above the daily pivot point level of 136.37, so the next target bullish road, would be the resistance level of 137.54. On the other hand, EURJPY may do a retracement to the level of 136.37, because at current levels there is an area of much bearish force. Eventually, the EURJPY could fall...

S&P 500 rally comes to an abrupt end

23 Oct 2014 @ 12:10
The S&P 500 Index fell -0.73% on Wednesday, capping four days of solid gains as stocks drifted lower across the board and crude oil plunged to another two-year low. A report from the Energy Information Administration (EIA) revealed that oil inventories increased more than expected last week and this saw the commodity slump -2.4%. Unsurprisingly, energy producers were hit the hardest with...

I want to learn Forex but there are hindrances

22 Oct 2014 @ 23:56
“When you’re in love with a market, it shows…in your trading account.” – Old Trader It’s no longer news that Forex markets are full of opportunities. Sure, there are challenges, but once you learn what it takes to overcome those challenges and become consistently successful, then the opportunities in the markets would bring you rewards. Why do some people feel...

Emed Mining Shares Gain Strength

22 Oct 2014 @ 08:35
Emed Mining shares (LSE:EMED) have gained strength as a result of buying pressure in the market. When we look at our chart in order to determine a bias, we see a bullish bias as the price makes higher highs and lower lows. The market moves because someone is interested in a higher price or a lower price. We study charts in attempts to discover a promising candidate like this. The historical...

Tethys Petroleum Continues Its Downtrend

22 Oct 2014 @ 08:24
Tethys Petroleum stock (LSE: TPL) has long been in a downtrend and this is supposed to continue. This downtrend has been going on for most part of this year, while rallies proffer short-selling opportunities. We do not want to be fooled by the noises in the market. Rather, we want to look at the Big Picture. On Tethys, the Big Picture is a weakness in the market. 4 EMAs are used for this...

NZDUSD remains bearish but still above the 200-day moving average

22 Oct 2014 @ 00:30
The NZDUSD has found strong resistance level 0.8014, which is above the daily pivot point. The NZDUSD would be making a bearish retracement could extend to the 200 day moving average located at the support level of 0.7925. However, in that area, the NZDUSD could go back up where is located the daily pivot point level of 0.7979. If the pair manages to make a breakout at that level, the next...

Gold Becomes Bullish, and Silver to Follow Suit

21 Oct 2014 @ 02:19
GOLD (XAUUSD) Dominant Bias: Bullish As it was expected, the trend on Gold has turned bullish – with a Bullish Confirmation Pattern in the market. The recent bearish bias drove the price as low as the demand level at 1183.00. That demand level was tested vigorously before further downward plunge was rejected, and since then, the price has moved upwards vigorously, rejecting bearish pulls along...

Daily analysis of major pairs for October 20, 2014

20 Oct 2014 @ 00:12
The EUR/USD has finally succeeded in going bullish. This has left a Bullish Confirmation Pattern in the chart, and the price is much more likely to go further upwards towards the resistance line at 1.2900. EUR/USD: The situation on the Greenback was the major determinant of the overall market directions last week. The EUR/USD has finally succeeded in going bullish. This has left a Bullish...

EURGBP very strong in bearish bias below 0.7943 level

19 Oct 2014 @ 23:28
The EURGBP opened its current price below the moving average 200-day in the H1 chart. Now, this pair could perform a bullish retracement to the daily pivot point level of 0.7943. However, remember that the EURGBP remains solid in the current bearish bias, so the lens nearest the road would be the downside support level of 0.7907. The RSI indicator is entering negative territory while the MACD...

Weekly Trading Forecasts on Major Pairs (October 20 - 24, 2014)

18 Oct 2014 @ 11:08
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The major determinant of the direction of the EUR/USD (including most other USD pairs) is the USD itself. As a result of the weakness in the USD, the EUR/USD pair has been able to sustain its bullish attempts, which have been going on for about two weeks. There is now a Bullish Confirmation Pattern in the chart, and the...
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