Investing Advice

Petrel Resources stock (LSE:PET) has started to recover its recent losses as it spikes legitimately upwards this week. The upwards spike is better referred to as a bullish breakout and it would be sustained as the market fully recovers. Price went below the lower Trendline before shooting upwards above the upper Trendline. Price is currently […]

IQE shares (LSE:IQE) are in what can be called a correction in the context of an uptrend. The correction would allow traders to go long at a better price, for price would go upwards again to overcome the resistance level at 180.00. 4 EMAs are used for this analysis and they’re EMAs 10, 20, 50 […]

Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF. EUR/USD: Throughout last week, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided […]

Advanced Onco stock (LSE:AVO) has surprised investors. Price was bullish from July to October 2017, and then started going downwards. Price has now shot upwards this month, and would keep going upwards in spite of a possible retracement along the way. The ADX period 14 is at the level 30, showing that the momentum in […]

Lionsgold shares (LSE:LION), which were caught in a tight base for most part of this year, have already started journeying upwards seriously. The market started a serious bullish movement around the end of last month and the beginning of this month. The market is currently experiencing some correction in the context of an uptrend. Price […]

The persistent bullish effort on GBP/USD has already paid off, and price has gained 460 pips since November 13. There was a slight bearish correction on Friday, after which price would resume its bullish journey, targeting the distribution territories at 1.3500, 1.3550 and 1.3600. EUR/USD: The EUR/USD met a considerable challenge last week –which threatened […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bullish bias on EURUSD was challenged last week, as price was pulled towards the support line at 1.1800. However, bulls managed to push price upwards, thus saving the bullish bias. Price is currently close to the resistance line at 1.1900, and it is […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the short-term, and neutral in the long-term. In the long-term, price consolidated throughout November; but in the short term, the last week of November has been bearish. In the short-term, price has dropped seriously enough to generate a clean bearish bias on the market, and as […]

Prospex Oil shares (LSE:PXOG) are currently choppy. The market has been choppy for about 3 months and that is about to send soon… Price has oscillated between the upper and lower Trendlines, with no directional movement. The RSI period 14 is also not at, or around the overbought and oversold territories. Prospex Oil is not […]