The UK Budget

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair was engaged in a smooth bullish run last week, moving upwards 420 pips before the bearish retracement that was seen on Friday (February 5, 2016). The bearish retracement could be taken as a sale in the context of an uptrend, for the […]

FTSE 250 stock (FTSE:MCX) has plunged massively while the market remains volatile. The massive plunge has resulted in a bear market, which would hold out for this year. 4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair went up from the support line at 1.0800, reaching the resistance line at 1.0950. From that resistance line, price went down 120 pips. There is a neutral bias on this pair, which would remain in force until price goes below the support […]

FTSE 100 stock (FTSE:UKX) is in a strong downtrend and the propensity might continue. Based on the recent price action, upswings in the market are followed by stronger downswings, meaning that the upswings might be used as opportunities to sell short. There are times in which the market moves in ranges when trading activity is […]

The GBP/USD is one of the strongest trending currency trading instruments among the majors. The bias on the instrument is bearish and it is possible that the price would continue going downwards, reaching the accumulation territories at 1.4200 and 1.4150 this week. This bias would be valid until there is a bullish reversal of at […]

Royal Bank of Scotland shares (LSE:RBS) are already weak, and this is what is supposed to continue this year. It is amazing to see that some people would still be long this market. Men especially, tend to take foolish risks. They tend to think about how much they can make without mulling how much they […]

The USD/JPY moved southward last week; by roughly 200 pips. The price made several attempts to break the demand level at 117.50 to the downside, but with no success. The price still shows the determination to go further south, which may eventually enable it to go below the demand level at 117.50. EUR/USD: This market […]

GBPAUD = Sell GBPUSD = Sell EURGBP = Buy GBPJPY = Sell GBPCHF = Sell GBPCAD = Sell GBPNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

Succeeding as a Trader after Learning the Necessary Facts and Skills This book profiles 22 renowned super traders from around the world. Great traders who know what it takes to be successful in the markets. In this follow up to his previous book: “Learn From the Generals of the Markets,” the author gives an overview […]

USD 7 billion Net Mean Un-risked NPV10 for Offshore Ireland Prospects Europa Oil & Gas, the AIM quoted oil and gas company with both producing and exploration assets in Europe, is pleased to announce that an independent assessment undertaken by ERC Equipoise estimates a mean Un-risked Net Present Value of approximately US$7 billion to a […]