14 Oct 2013 @ 03:26
The AUD/USD opened this week with a bearish gap. The aussie is recovering after he opened the week with a bearish gap, which led to a drop to the support at 0.9426 level, where is located the 200 day moving average. It is very likely that this pair rise to the resistance level at 0.9474 […]
12 Oct 2013 @ 06:50
“I knew that, if I wanted to be successful, I needed to work smart, not hard.” – Marcello Arrambide Do not place too much emphasis on the trade you just opened. It might win or lose –and that’s how it’ll always be. If it wins, the gain should be decent if you let your profit […]
12 Oct 2013 @ 04:03
The kiwi is trying to consolidate above support at 0.8317 level The NZD/USD has made a bullish rebound on the support at the 0.8317 level and now this pair is trying to get back up to resistance level at 0.8348. If the pair manages to break this support level, would be expected to fall to […]
09 Oct 2013 @ 21:32
The EUR/JPY is recovering from falls that took a few days ago. This pair is forming a higher low pattern near the 131.85 level. The EURJPY could rise to the resistance level at 132.75 but this pair has been too weak, so we could see further dips to support at 130.72 level. However, if the […]
08 Oct 2013 @ 22:30
It is now suicidal to buy long on Gulf Keystone (
LSE:GKP), for the price has been making lower lows and lower highs. It is thus better to trade with the flow of the market instead of trading contrarily to the trend. Speculators are aware of the dangers of mean reversion trading; yet they trade in […]
08 Oct 2013 @ 22:23
Phorm Corp (
LSE:PHRM) is a highly promising market for profit seekers irrespective of its recent indecision which dragged on for several months. The price has been bottoming for months, reaching an all-time low at the accumulation zone of 2.00. One would see that the ADX period 14 is at the level 50 (meaning a strong […]
08 Oct 2013 @ 10:05
The EURJPY is now in a bullish retracement, and there is a supply level at 132.00. EURUSD: Irrespective of the range movement that has been characteristic of this pair so far, the overall bias is still bullish. The EMA 11 is above the EMA 56: the Williams’ % Range is close to the oversold area, […]
06 Oct 2013 @ 23:51
The AUD/USD is trying to grab a bullish momentum. The Aussie is trying to break the resistance level at 0.9466. If the pair manages to break that level, it is expected to rise to the level of 0.9664, where is located the 200 day moving average. On the other hand, is likely that AUDUSD will […]
06 Oct 2013 @ 22:29
The vivid southward reversal on the cable has resulted in a new bearish bias on the pair. Right now, the accumulation territory at 1.6000 is about to be breached. EURUSD: This pair trended upwards last week, but the current southward reversal in the market is a threat to the bulls’ interest. Should this go further […]
04 Oct 2013 @ 05:43
In the face of the general weakness of the greenback, the EURUSD has been able to move upwards this week. EURUSD: In the face of the general weakness of the greenback, the EURUSD has been able to move upwards this week. The price has moved upwards by roughly 140 pips. There is a possibility that […]
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