Financial Guides

Last week, the Cable dropped by over 270 pips, going below the distribution territory at 1.6000, and closing at 1.5971 on Friday (October 3, 2014). The Bearish Confirmation Pattern is now very strong and the price could test the accumulation territory at 1.5900 this week. EUR/USD: This pair has continued to be weak, breaking the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The EUR is now one of the weakest currencies among the majors, while the USD is the strongest currency among the majors. Hence, the EURUSD dropped sharply again last week, dropping below the resistance line at 1.2550. Further downwards movement may cause the price […]

Gulf Keystone stock (LSE:GKP) is still a bear market. The bearish outlook has been strengthened and buyers have often been deceived by false rallies which proved to be bogus signals. The futile bullish attempts have failed to make any significant impact on the market, for the bearish sentiment has overwhelmed the bulls. You cannot make […]

Traveler’s Companies shares (NYSE:TRV) are expected to rally again and become strong for the rest of the year 2014. This has been a strong market for most of this year, plus deep corrections have been followed by nice rallies. For this analysis, the EMA 21 and the Williams’ % Range period 20 are used. The […]

Instrument: AUDJPY Order: Buy Entry date: September 29, 2014 Entry price: 95.417 Stop loss: 94.406 Take profit: 97.407 Instrument: AUDUSD Order: Buy Entry date: September 29, 2014 Entry price: 0.87171 Stop loss: 0.86163 Take profit: 0.89162 Instrument: EURAUD Order: Sell Entry date: September 29, 2014 Entry price: 1.45547 Stop loss: 1.46559 Take profit: 1.43561 Instrument: […]

After some hesitation, the USD/CHF was able to go upwards, breaking the support level at 0.9500 to the upside. With further northward movement, the pair may reach the resistance level at 0.9550. That is the first target for the week. EUR/USD: This currency trading instrument closed at 1.2683 on Friday, September 26, 2014; on a […]

“Defensive strategic trading clearly is more successful in the long run than you might think! There will always be people who briefly achieve huge returns using daring maneuvers, but in the long term the strategist with an approach based on sound statistics will be successful…” When an advancing army anticipates attack, they tend to prepare […]

GOLD (XAUUSD) Dominant Bias: Bearish This market became bearish in July 2014, and since then the price has dived by over 1300 points. The bias is still very bearish – characterized by great volatility in the market. This shows that there is a serious struggle between the bull and the bear. The price has tested […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The bearish journey of this pair has continued unabated; in a slow and steady manner. In the past several weeks, the market has been breaking one support line after the other and it is currently trading below the resistance line at 1.2800. Further bearish […]

Kibo Mining shares (LSE:KIBO) are very weak, and they would continue to be weak. Unless one goes short, anyone who holds the shares, thinking things would soon go bullish, would end up being kicked in the butt. Most tend to think that all that matters is the correct picking of stocks, but you can be […]