09 Apr 2016 @ 21:05
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In the context of a downtrend, EURUSD consolidated throughout last week. One big formidable barrier to further northward journey is the resistance line 1.1400 (though the resistance line at 1.1450 was also tested). Bulls were unable to breach the resistance line at 1.1400 to […]
08 Apr 2016 @ 01:05
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 6 “We do not have a crystal ball, so we do not know when this current losing period will end. However, we can look in the rear view mirror and see that when we experienced periods like this before, not only did we survive, but […]
07 Apr 2016 @ 09:53
Gulf Keystone stock (
LSE:GKP) has been under selling pressure for several months. The trend was mostly bearish for the year 2016, and there is no end in sight for the bearishness in the market. 4 EMAs are used for the analysis and color that stands for each EMA is shown at the top left part […]
07 Apr 2016 @ 09:47
PayPal shares (
NASDAQ:PYPL) are poised to trend upwards as revealed in the daily chart. The upward trend would continue for some months. In February 2016, price broke upwards and closed above the upper Trendline. Since then, the price has not returned into the Trendlines. The current price action shows that the bulls are determined to […]
07 Apr 2016 @ 00:42
The technical analysis for GBPUSD is still calling for more weakness, as the pair has been consolidating below the 200 SMA at H1 chart. However, we should note that the support zone of 1.4026 made a rebound which helped to push higher the Cable towards the resistance level of 1.4193. The pivot point level of […]
05 Apr 2016 @ 15:37
GOLD (XAUUSD) Dominant Bias: Bullish On the daily chart, Gold is in an uptrend; whereas a lower timeframe like the 4-hour chart shows that there is bearish pressure on the market. In the context of an uptrend, price was engaged in a bearish correction throughout the month of March, causing price to reach a monthly […]
04 Apr 2016 @ 16:57
The H1 chart structure for AUDUSD is still calling for a lower push towards the monthly pivot point of 0.7495, as the pair is still trying to find a strong bottom. However, the overall structure remains bearish because the Aussie may still be correcting the rally from the March 28th lows. If AUDUSD achieves in […]
03 Apr 2016 @ 21:36
The EUR/JPY went upwards last week, reaching the supply zone at 128.00. The bulls were unable to push price beyond that supply level and that caused a shallow correction we are currently looking at. There is a Bullish Confirmation Pattern in the market, and it is possible that another leg of bullish journey would begin, […]
02 Apr 2016 @ 22:23
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 250 pips last week, testing the resistance line at 1.1400. That resistance line has proven to be an obstacle to bulls because price was unable to close above it last week (in spite of forays into it). Price might be […]
31 Mar 2016 @ 09:39
“I realised that the best way to free myself from worries about uncertain outcomes, is to make sure a negative outcome of a specific trade will not affect me.” – Christiaan van der Meer I recently came across a popular social trading program that enables signals providers to go through various career levels. This social […]