23 Dec 2015 @ 07:59
Watchstone Group stock (
LSE:WTG) should be approached with caution because it is yet to be confirmed whether the current bullish breakout on it could be sustained or whether it is a bogus one. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each […]
21 Dec 2015 @ 06:57
Last week, the USD/JPY tested the demand level at 120.50 and later rallied to test the supply level at 123.50. Afterwards, the price dropped by 230 pips to close below the supply level at 121.50. In face of these wild swings, the bias on the market is bearish, which means that the support level at […]
19 Dec 2015 @ 21:26
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Although the dominant bias on this pair is bullish, the bias is seriously threatened. After testing the resistance line at 1.1050, the price went down by roughly 250 pips, almost reaching the support line at 1.0800. Based on the bearish expectation on EUR (and […]
17 Dec 2015 @ 22:19
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 19 “Just as picking up a five iron does not make you Tiger Woods, opening a brokerage account and sitting in front of a computer screen does not make you Peter Lynch or Warren Buffett. That is something you must work for, and it takes time […]
16 Dec 2015 @ 20:50
MXO Oil stock (
LSE:MXO) is now trying to rise from the long-term base it has formed in the market. Would this be a sustained bullish movement or a false breakout? From July to August 2015, the price nosedived, after which it formed a base. The base was in place from August till now… But there […]
16 Dec 2015 @ 20:40
Tungsten Corp shares (
LSE:TUNG) are currently weak, and the weakness is supposed to continue until there is a confirmed bullish trend in the market. Right now, the trend is bearish. In the chart, the ADX period 14 is below the level 30, which means the momentum in the market is not that great. The DM+ […]
15 Dec 2015 @ 19:07
Nothing can stop progress. Not even the large financial institutions that direct the flow of capital around the world. Fintech, or technological developments that take advantage of the increasingly digitalized way of conducting business and socially interacting are paining the financial services’ landscape with new colours. They are turning the abstract Picassos into clearer and […]
13 Dec 2015 @ 21:52
The EUR/JPY consolidated in the first few trading days of last week, and then traded lower. The lower movement was shallow because the extant bias remains bullish. It is possible that the price would continue trading lower, which may threaten the bullish bias. The only thing that can change this is when the Yen loses […]
12 Dec 2015 @ 07:58
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as […]
10 Dec 2015 @ 08:49
The problem with many traders is that they have only half a plan, the easy half. They know how much profit they’re willing to take, but they don’t have the foggiest idea how much they’re willing to lose. They’re like a deer in the headlights, they just freeze and wait to get run over. Their […]