01 May 2014 @ 22:49
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In order to generate optimal profits, some tact is required in handling the market. This is a bull market but the bias is not very strong. The tug of war between the bull and the bear has resulted in serious upswings and downswings in […]
30 Apr 2014 @ 20:42
“You’re battling your fear, your greed, your hope. All those human emotions are your challenge.” Forex trading is as rewarding as it’s challenging. For those who’ve mastered the art of trading, it’s an unlimited ATM machine. However, certain conditions must be met before the ATM machine can be unlocked. According to one writer, you don’t […]
30 Apr 2014 @ 09:45
Globo shares (
LSE:GBO) are bearish, but the price seems to have reached some rock-bottom at the accumulation territory of 40.00. Around that territory, the market is volatile and bearish pulls have been sharply rejected. The trend cannot go down forever, for no hen will be unfortunate enough to lay black eggs. We are watching the […]
30 Apr 2014 @ 09:35
Gulf Keystone stock (
LSE:GKP) is bearish in the medium-term and bullish in the long-term. The bearish bias is strong enough to make the bear profitable and to make the bull anxious. When the recent bearish bias began, it was thought that things would change as the price tested one support level after the other. However, […]
30 Apr 2014 @ 05:26
In the last hours, the NZD/USD has been rising above the pivot point. The kiwi is trying to form a bullish pattern below the resistance level of 0.8565 to allow for a breakout at that level. If successful, the next target would be the resistance level of 0.8580, where the 200 SMA is located. Moreover, […]
29 Apr 2014 @ 03:56
EUR/GBP has tried to consolidate above the 200 day moving average in recent days. This pair is moving above the pivot point level of 0.8233, and now it is very likely that the EUR/GBP attempt to climb to the resistance level of 0.8250. If the pair manages to make a breakout at that level, the […]
28 Apr 2014 @ 23:38
Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish There is not yet any Bullish Confirmation Pattern in this market, unless the price goes above the resistance level at 1300.00. As long as the price stays below the resistance levels, the bias remains bearish. Last week, there were large downswings and […]
28 Apr 2014 @ 00:19
The perpetual weakness on the USD/JPY has resulted in a ‘sell’ signal. This week, the price may reach the demand level at 101.50. EUR/USD: This market traded in a range last week, but the bulls are now gaining upper hands. The price is now showing some bullish determination, but the determination would be clearer when […]
25 Apr 2014 @ 07:30
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The overall bias on the EURUSD is neutral because the market has been in an equilibrium phase for about two weeks. While there is currently no directional bias on this pair, momentum would soon return to the market, which would cause a significant movement […]
24 Apr 2014 @ 09:19
THE IDEAL POSITIVE EXPECTANCY “It is especially in short-term trading, with a wealth of trading signals, that consistent trading in the overall trend direction pays off.” – Arne and Falk Elsner One of the big factors in trading success is to think in terms of the risk-to-reward ratio (RRR). That’s your risk in terms of […]