03 May 2016 @ 09:29
Randgold Resources stock (
NASDAQ:GOLD) has broken out of a strong base that was formed in the last few months. The first two months of this year was characterized by a strong rally, followed by a strong consolidation that occurred within the last months of the year 2016. Right now, the price has gone above the […]
02 May 2016 @ 10:57
GOLD (XAUUSD) Dominant Bias: Bullish Gold was quite choppy in the first three weeks of April 2016, characterized by short-term upswings and downswings, all in the context of an uptrend. In the last week of April, Gold experienced a sustained trending movement. Price moved upwards by 6500 pips last week alone, breaking one resistance level […]
01 May 2016 @ 23:37
The EUR/USD went upwards by 230 pips last week. The movement was a week long and that has resulted in a bullish bias in the market. The resistance line at 1.1450 has already been tested and the price is expected to go above it this week, testing another resistance lines at 1.1500 and 1.1550. EUR/USD: […]
30 Apr 2016 @ 11:46
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The EURUSD moved upwards 230 pips last week – an action that has resulted in a Bullish Confirmation Pattern in the 4-hour chart. The resistance line at 1.1450 has been tested and it would be breached to the upside, as price targets other resistance […]
29 Apr 2016 @ 07:28
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 7 “Of all of the lies my traders tell themselves, the one that shows up the most frequently is “I don’t think I can do this.” – Louise Bedford Name: Toni Hansen Nationality: American Occupation: Full-time trader and mentor Website: Tonihansen.com ADRRESING THE TOUGHEST TRADING […]
28 Apr 2016 @ 13:10
USDJPY = Sell AUDJPY = Sell CADJPY = Sell CHFJPY = Sell EURJPY = Sell GBPJPY = Sell NZDJPY = Sell 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 […]
27 Apr 2016 @ 07:39
Serious panic selling has already started on Outsourcery shares (
LSE:OUT). The price has become bearish since January 2016 before it gapped down this week, going further southwards as it gathers momentum. The ADX period 14 is almost at the level 40, showing a great stamina in the ongoing trend. The DM- is vividly below the […]
27 Apr 2016 @ 07:32
Forbidden Technologies stock (
LSE:FBT) has a sell signal on it, which would aid further bearish movement in the market. The current price action does not support long trades. The price is under the EMA 21 and the Williams’ % Range period 20 is in the oversold region. A closer look at the price shows that […]
24 Apr 2016 @ 23:22
As it was forecasted at the beginning of last week, GBP was able to rally against some majors, as witnessed on GBP/CHF, GBP/NZD, EUR/GBP, GBP/JPY, etc. GBP/USD was also able to rally last week, starting from the accumulation territory at 1.4150, and reaching the distribution territory at 1.4450. This is a movement of 300 pips, […]
23 Apr 2016 @ 11:17
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair was bearish last week. Bulls tried to push price upwards. But as a result of severe opposition from bears, price came down on Friday, following the volatility that occurred on Thursday. There is a “sell” signal in the market, and it may […]