13 Nov 2013 @ 07:08
There is a Bullish Confirmation Pattern on Tower Resources (
LSE:TRP), though the current southward correction could make some think that the price would plummet once again (since day trading bears could make quick bucks here). However, as Clem Chamber once said: No one ever criticizes madness when it is working in their favor. Why this […]
12 Nov 2013 @ 07:46
In a strong bullish bias, the USDJPY has moved upwards by over 70 pips this week. The price is currently trading above the demand level of 99.50 (which was an intermediate target for Monday), going towards the supply level of 100.00. EURUSD: There is still a Bearish Confirmation Pattern on the EURUSD, and the price […]
12 Nov 2013 @ 03:55
The Aussie continues extending its drop below the 200 day moving average. AUD/USD is trying to break the support at the 0.9339 level. If successful, it is expected to fall to the level of 0.9280. On the other hand, if this pair achieves to consolidate above the 0.9339 level, would be expected to rise again […]
10 Nov 2013 @ 22:23
Last week, the USDCHF almost tested the resistance level of 0.9250 twice. The price, which is bullish, would still likely test the resistance level again this week and possibly overcome it. EURUSD: This pair closed at 1.3368 on Friday, having tested the support line of 1.3300 once in the last week. That support line would […]
09 Nov 2013 @ 06:59
“For some traders, it takes many years of disappointment before they finally become successful. Only those few who never give up tend to achieve success.” – Joe Ross The Blue Pill, the Red Pill In order to be the best trader you can be, you need the red pill, not the blue pill. What are […]
07 Nov 2013 @ 22:26
All eyes of global investors in the stock market were on the debut of Twitter on Wall Street, under the symbol NYSE: TWTR and an initial price per share of USD $26. About 11:00 am ET, the price per share amounted to USD $ 45.10, representing an increase of nearly 72.16 % to 2.200 transactions per minute. […]
06 Nov 2013 @ 08:09
There is a directional movement on Camco Clean (
LSE:CCE), which would be favorable to those who follow the line of the least resistance, i.e. those who flow with the market. This is a bull market and any attempt by the bear to violate the trend would either be momentary or it will backfire. The moth, […]
06 Nov 2013 @ 08:01
Metminco shares (
LSE:MNC) are a bone of contention in that certain investors find it difficult to forecast the next price target. This is no wonder since the situation on the chart itself reveals the indecisiveness of the market. Thus whatever happens here would affect either the buyers or the sellers. What affects the eyes is […]
05 Nov 2013 @ 06:15
USDCHF has pulled back from the resistance level of 0.9150. The price is now challenging the support level of 0.9100. EURUSD: This pair has bounced upwards from the support line of 1.3450, but this is supposed to be a rally in the context of an uptrend. The rally should not go beyond the resistance line […]
04 Nov 2013 @ 04:25
The AUD/USD remains bearish trend on a very weak due to its proximity to the 200 day moving average. The Aussie is trying to form a lower high pattern above support at the 0.9474 level. If this pair manages to break the resistance level of 0.9517, it is expected that rises to the resistance level […]
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