Technical Analysis

Trading professional, official analyst, representative at Instaforex Companies Group and freelance author.

Weekly Trading Forecasts for Major Pairs (December 18 - 22, 2017)

17 Dec 2017 @ 04:15
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair is bearish in the short-term, and neutral in the long-term. Price has gradually come down since November 27, and it is now around the support line at 1.1750, and it may go lower to test other support lines at 1.1700 and 1.1650 […]

Petrel Resources recovers its recent losses

14 Dec 2017 @ 11:06
Petrel Resources stock (LSE:PET) has started to recover its recent losses as it spikes legitimately upwards this week. The upwards spike is better referred to as a bullish breakout and it would be sustained as the market fully recovers. Price went below the lower Trendline before shooting upwards above the upper Trendline. Price is currently […]

IQE correction to end, price to go upwards

14 Dec 2017 @ 10:38
IQE shares (LSE:IQE) are in what can be called a correction in the context of an uptrend. The correction would allow traders to go long at a better price, for price would go upwards again to overcome the resistance level at 180.00. 4 EMAs are used for this analysis and they’re EMAs 10, 20, 50 […]

Daily analysis of major pairs for December 11, 2017

11 Dec 2017 @ 04:09
Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF. EUR/USD: Throughout last week, […]

Weekly Trading Forecasts for Major Pairs (December 11 - 15, 2017)

10 Dec 2017 @ 00:30
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided […]

Advanced Onco surprises investors

07 Dec 2017 @ 10:00
Advanced Onco stock (LSE:AVO) has surprised investors. Price was bullish from July to October 2017, and then started going downwards. Price has now shot upwards this month, and would keep going upwards in spite of a possible retracement along the way. The ADX period 14 is at the level 30, showing that the momentum in […]

Lionsgold gets a bearish correction, to go upwards soon

07 Dec 2017 @ 09:53
Lionsgold shares (LSE:LION), which were caught in a tight base for most part of this year, have already started journeying upwards seriously. The market started a serious bullish movement around the end of last month and the beginning of this month. The market is currently experiencing some correction in the context of an uptrend. Price […]

FTSE 100 is Leading The Way

06 Dec 2017 @ 12:39
My sentiment indicator (BTI), has been accurate at forecasting the stock market decline. Sentiment turned bearish at the end of October, the FTSE 100 has been in a downtrend ever since. But sentiment is not a timing indicator, it lags the trend so when the index finds a bottom and turns up, sentiment will still […]

Daily analysis of major pairs for December 4, 2017

03 Dec 2017 @ 23:28
The persistent bullish effort on GBP/USD has already paid off, and price has gained 460 pips since November 13. There was a slight bearish correction on Friday, after which price would resume its bullish journey, targeting the distribution territories at 1.3500, 1.3550 and 1.3600. EUR/USD: The EUR/USD met a considerable challenge last week –which threatened […]

Weekly Trading Forecasts for Major Pairs (December 4 - 8, 2017)

02 Dec 2017 @ 12:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bullish bias on EURUSD was challenged last week, as price was pulled towards the support line at 1.1800. However, bulls managed to push price upwards, thus saving the bullish bias. Price is currently close to the resistance line at 1.1900, and it is […]
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