Financial Guides

BP stock (NYSE:BP) has broken out to the upside and would continue going further north. We want to buy when the trend is strong and stay aside when it is not strong. When the trend in the market is unclear, one would want to apply some filter so as to avoid bogus indications, which may […]

“We have discovered that in most cases the systems used by the best are relatively simple, based on a limited number of recurring setups that allow the trader to go with the flow of the market created by the “big players.” – Dr. Dariusz Swierk I was thinking of postposing the announcement of the minors […]

Since last week, the Cable has been bullish, and the target for this week is at the distribution territory at 1.6700. EUR/USD: This remains a bear market in spite of its attempt to rally. The rally is simply a good shorting opportunity; for the price would simply go down to test the support line at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market: the Euro weakness is clearly noticeable. With the Bearish Confirmation Pattern in the market, it is normally expected that the trend would continue going downwards, breaking the support line at 1.3700, and reaching the ultimate target at 1.3650. The […]

“Everyone is following the economy, but I’m following the market.” – Joe Granville There are those who invest successfully using only fundamental figures, and there those who successfully trade using only technical analysis. There are those who combine the two types of analyses and make money. Nevertheless, I can see that many investors believe so […]

Nokia shares (NYSE:NOK) have been bearish: they are expected to dive further southward as confirmed by the technical analysis signal below. Occasional rallies have been followed by further southward moves. The market tempts the bull to think that the bearish era is over, only to correct lower. It is like giving food to charity and […]

Gulf Keystone (LSE:GKP) is now a bear market. The stock has been bearish since the beginning of this year. The ADX period 14 is above the level 50, showing a strong trend in the market. In addition, the DM+ is vividly above the DM-, meaning that the sellers have the upper hands. The MACD (default […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold is now a bear market. It started trending downwards last week. The precious metal topped at the resistance level of 1392.00, and since then, the price has dropped by a significant amount of points. There is now a Bearish Confirmation […]

The USD/JPY went bullish last week, closing at 102.25. For the bullish outlook not to become invalid this week, the price must stay above the demand level at 102.00. EUR/USD: This is a bear market. The price fell last week, touching the support line at 1.3750; and from that point, the price bounced upwards by […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish It should be noted that the surge of strength in the Greenback has resulted in new dominant biases in the markets. This pair has been forced to show a Bearish Confirmation Pattern on it (the GBP/USD has also gone bearish), while the USD/CHF has […]