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The EUR/JPY moved sideways in the first few days of last week, and then broke northwards, gaining about 280 pips. Price closed at 122.51 on Friday, ready to go further northwards. This week, the outlook on JPY pairs is bullish and EUR/JPY is expected to continue going upward, by at least, another 200 pips. Another […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair trended downwards from Monday to Thursday and then rallied significantly. This has resulted in a bullish bias on the market, as price nearly reached the resistance line at 1.0700. This week, further rally is anticipated because the outlook on Greenback is bearish […]

Barclays stock (LSE:BARC) is not currently attractive, as price has been consolidating since December 2016. Prior to that month, the market was in an uptrend. Price is almost neither below nor above the EMA 21, and the Williams’ % Range period 20 is also neither in the overbought nor in the oversold territory. Then where […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold trended upwards in January and February 2017. Price topped at 1263.61 on February 27 and then began to pull back. The pullback is significant, (about 4,600-pip movement to the south), but it is not strong enough to override the extant bullish outlook on the market, unless price pulls back […]

The EUR/JPY moved up by 270 pips last week, closing above the demand zone at 121.00. There is a strong Bullish Confirmation Pattern in the 4-hour chart, and further upwards movement is expected this month, which would take price towards the supply zones at 121.50, 122.00 and 122.50. Super Trading Strategies: http://www.advfnbooks.com/books/supertradingstrategies/index.html EUR/USD: This market...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went downwards last week, tested the support line at 1.0500, and then rallied significantly on Friday. Actually, the Friday rally might end up being a good opportunity to sell short at better prices (unless the resistance line at 1.0700 is breached to the […]

AUS200 Dominant bias: Bullish While this market went bearish in January, it went bullish in February. In the context of an uptrend, price was corrected last week, and then started March on a bullish note. The outlook on the market is bullish, and there is a possibility that the resistance lines at 5775.00 and 5800.00 […]

Historically, the movement on PayPal shares (NASDAQ:PYPL) has been choppy, but the overall movement has been bullish. The current price action shows the bullishness in the market. In the past several months, the market has been quite choppy but bullish. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and […]

Tesla stock (NASDAQ:TSLA) is in a strong uptrend; though price is currently experiencing a strong pullback. The pullback is not yet significant enough to override the recent bullish outlook on the market. Price consolidated from September to December 2016, and then started to rise upwards. After the market went above the upper Trendline, it trended […]

Last night’s speech by Donald Trump at a joint session of congress was his biggest and most important speech to date, but from a market point of view, it was a damp squib. Much had been made about the potential for huge moves in the US dollar as Trump was finally set to outline his […]