Financial Guides

Plus500 stock (LSE:PLUS) has dropped like a stone following several months of consolidation phase. What is in the market is essentially a breakout in the favor of the bears, and the bias may continue as the price drops further south. The recent consolidation phase made the price move primarily between the Trendlines: a serious break […]

Iofina shares (LSE:IOF) have been showing some propensity to go south. Recently, the market conditions have been choppy as the bulls and the bears continue to struggle for supremacy. 4 EMAs are used for the analysis (the color that stands for each EMA is shown at the top left part of the chart). The EMA […]

The USD/JPY moved upward by 200 pips last week. The upwards journey started at the demand level of 119.50 and it has gone beyond the demand level at 121.50. This bullish journey has put an end to the recent protracted equilibrium phase in the market: the price would continue its journey upwards as long as […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair dropped by 430 pips last week, leading to a Bearish Confirmation Pattern in the chart. The price has already tested the support line at 1.1000, and it could test it once again, possibly breaking it to the downside. The support lines at […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 5 “I had done alright at school and was regarded in my earlier profession as a clever and steady worker, but nothing of this was of any use in trading.” – Tomorton (Source: Trade2win.com) Name: Stanley Druckenmiller Country: USA Date of birth: June 14, 1953 Profession: […]

Tern shares (LSE:TERN) are consolidating to the upside and this may eventually result in an upward break which may enable the price to accelerate further upwards. In the chart, the ADX period 14 is around the level 20, confirming the consolidation phase. However, the DM+ is above the DM-, proving that the bulls have upper […]

Renew Holdings stock (LSE:RNWH) has really made for the sky and there is still a lot of energy in the stock, fueled by the bulls’ determination to push the price further higher. The price is far above the EMA 21 and the Williams’ % Range period 20 is around the overbought region. This means that […]

The USD/CHF dropped last week, testing the support level at 0.9100. The outlook on this market is bearish for this week, especially in the face of the current strength in the EUR/USD (which would keep the USD/CHF under selling pressure). Another factor is that the CHF could be strengthened this week. EUR/USD: The EUR/USD moved […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Against all odds and contrary expectations, EURUSD went further upwards last week. From around the support line at 1.1150, price went upwards towards the resistance line 1.1450 (a movement of at least, 300 pips). The next targets for the bulls are located at the […]

“Markets are simply the markets. They move up, down and sideways with or without you. I don’t believe they are out to get you or give you anything. They just do what they like. Your job, if you want to succeed, is to assess conditions and align with trends.” – Mike Melissinos Why trade? Have […]