Financial Guides

Google stock (NASDAQ:GOOG) is a bear market and that bearishness is expected to continue for most part of this year. There would be some transitory rallies along the way, which would pave the way for more southerly journey. In the chart, the ADX period 14 is around the level 30, meaning that the current bearish […]

EURUSD = Buy EURCAD = Buy EURAUD = Buy EURNZD = Buy EURJPY = Buy EURCHF = Buy EURGBP = Buy 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 […]

The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD assumed its southward journey on January 2, 2015, going further and further south in the following week. Price went below the support line at 1.1800, and then consolidated until the end of the week. There is now a slight rally, which could portend […]

“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About 4 years ago, Mr. Geoffrey* came to me and said he wanted to learn […]

Contrary to expectations, Gulf Keystone shares (LSE:GKP) were weak throughout the last year. Price dived freely and upwards bounces proffered great short-selling opportunities. The bearish outlook is valid for this year: the upward bounces along the way should not be chased. A mouse that tries to chase a cat is looking for trouble. A dog […]

Facebook stock (NASDAQ:FB) was bullish for most of the last year, though the bears also showed their strength in some cases. Price tried to move further upwards in December 2014, but this was rejected and things turned bearish. This novel bearish outlook should not be belittled because it may translate into a significant bearish run. […]

GOLD (XAUUSD) Long-term Bias: Bearish Gold trended lower last year – just as it did in the year 2013. From January 2014 to early March of the same year, price moved upwards significantly, topping at 1391.97. Since then, further rally was rejected and price began to come down, although the bulls made desperate effort to […]

The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart. EUR/USD: The EUR/USD trended downwards […]

Here’s the market outlook for the year 2015: EURUSD Long-term trend: Bearish This pair trended southward for most of last year. In May 2014, price topped at 1.3993 and since then, it started moving south (a movement of around 1890 pips). Last year, price closed at the low of 1.2101, challenging the support line at […]