27 Sep 2015 @ 23:19
Aussie is still below the 200 SMA H1 chart, with a sideways consolidation pattern formation ongoing, as it could still perform more downside moves to reach new lows. Currently, AUDUSD is facing off the resistance zone of 0.7052, which could be tested in coming hours, as part of the corrective moves. However, a breakout below […]
26 Sep 2015 @ 10:42
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair fell 200 pips last week, almost touching the support line at 1.1100. Afterwards, price bounced upwards by 180 pips and then got corrected lower. The price action in the market reveals that bulls are still making noticeable effort to push the price […]
25 Sep 2015 @ 06:29
W Resources stock (
LSE:WRES) has been performing wonderfully, bringing smiles to buyers’ faces. Before the current strong bullish movement, the stock was in a base for several months. The stock broke strongly upwards in August 2015, sprinting northwards until now. The ADX period 14 is above the level 60, denoting a very strong momentum in […]
25 Sep 2015 @ 06:20
Penna Consulting shares (
LSE:PNA) are making strong gains. There is serious buying pressure in the market, which is supposed to continue fueling the bullish momentum that is being seen right now. A brand-new movement like this proffers a clean way to make money with lower risk, with a higher hit rate. The price has been […]
20 Sep 2015 @ 20:50
The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]
19 Sep 2015 @ 12:54
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]
18 Sep 2015 @ 01:59
After the U.S Federal Reserve Meeting of thursday, EURUSD rallied to new highs, after a successful breakout around the 1.1386 level. We’re still expecting more highs to be reached in the near-term, but before that, expect a higher high pattern for a later rise until the resistance level of 1.1488. If that leves gets broken […]
17 Sep 2015 @ 23:28
“I’ve not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison “…If trading is only about money, you have very little chance of success.” – Dr. Van. K. Tharp In recent times, some people have questioned the morality of online trading. Obviously, the question comes from lack of real understanding of trading. […]
16 Sep 2015 @ 11:31
Imagination Technologies Group stock (
LSE:IMG) should keep on trudging upwards, despite all odds. This is a choppy market, in which the bulls have been making somewhat successful attempts to push the price upwards. The price broke upwards in the early part of September 2015 – above the upper Trendline. The price went back into the […]
16 Sep 2015 @ 11:11
Glencore International shares (
LSE:GLEN) have been plunging and they would continue to plunge. This is a strong bear market and it is expected to continue. The only sensible thing to do here is to go short, for expert traders follow the line of the least resistance, cutting small losses along the way (which they tend […]