28 Mar 2016 @ 00:57
The EUR/JPY moved sideways throughout last week, not going below the demand zone at 125.00, nor going above the supply zone at 126.50. A breakout is imminent this week, which would most probably favor the bulls, because the outlook on JPY pairs is bright for the week. When there is a rally, the supply levels […]
26 Mar 2016 @ 22:26
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish As expected, this pair got corrected lower last week, moving downward by 120 pips before closing while consolidating. The support line at 1.1150 has been tested and it would be breached to the downside this week. EUR would be seen weakening against major currencies […]
23 Mar 2016 @ 23:31
BP shares (
NYSE:BP) have been very volatile for the past several months. The bullish effort that was made in October 2015 has been rendered useless by the bears. Though the volatility in the market is high, the dominant bias is bearish. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 […]
23 Mar 2016 @ 23:23
Nokia stock (
NYSE:NOK) is not an attractive thing at the present. The price consolidated from November 2015 to January 2016 and then gapped down massively at the start of February. Since then, the price has moved sideways. The RSI period 14 remains under the level 50, showing the weakness of the price, which oscillates between […]
21 Mar 2016 @ 11:26
USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
20 Mar 2016 @ 21:34
Last week, the Cable dropped by 320 pips from Monday to Wednesday, and rose steeply by 450 pips on Wednesday and Thursday; only to consolidate on Friday. The price has been trying to go above the distribution territory at 1.4500, which has been refusing further northward movement. That distribution territory would be broken to the […]
19 Mar 2016 @ 14:19
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From Monday till Wednesday, this pair moved south. Price broke upwards on Wednesday as it rose significantly by 280 pips that day and on Thursday. On Friday, price got corrected lower a bit, closing at 1.1269. However, the outlook on EUR is bearish for […]
17 Mar 2016 @ 22:54
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 5 “Attach yourself to a trading mentor. The cost will be far less than trying to do it yourself. Swallow your pride and get help. If you cannot afford a mentor, then you have no business trading. Why? Because you are starting out undercapitalised. When […]
16 Mar 2016 @ 23:19
NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
16 Mar 2016 @ 22:44
Chevron stock (
NYSE:CVX) has been making commendable bullish effort since the beginning of March 2016, although the market has been quite choppy (moving sideways) for the past several months. In the chart, the ADX period 14 is above the level 20, showing that some momentum may be rising in the market. The DM+ is also […]