Technical Analysis

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 12 “I am actually trading because I learn a lot of important life lessons from it. Trading helps me get to know myself. It helps me think about why I believe things and why I do things.” – Van Eekelen Name: Michael Platt Date of Birth: […]

Aldermore stock (LSE:ALD) has been consolidating for some time – in a context of an uptrend. Is it now the time to take your profits, for a fear of a bearish breakout? No. The price has now gapped upward, ready to go bullish. The consolidation is still in place. The ADX period 14; and of […]

Rio Tinto shares (LSE:RIO) are extremely weak right now, and the weakness is expected to continue. This is a wonderful opportunity for sellers, who can make more money by continuing to sell the shares. Every week proffers attractive trading opportunities; and you can take them. In the chart, it can be seen that the price […]

There is a corrective move taking in place at H1 chart, where the NZDUSD is trying to reach the resistance zone of 0.6499. During the today’s opening session, Kiwi has been trading lower below daily pivot point level of 0.6454 and that’s why a pullback shouldn’t be discarded in the coming hours. However, if a […]

Yesterday’s decline was the largest so far. When a crash is underway nothing will stop it. Even when the indicators are oversold the market will go down and the indicators will become more oversold. For those who were not around in 2000 and 2007, this is what a bear market looks like. The decline is […]

Expands Life Science Market Presence in Southern California Transcat, Inc. (NASDAQ:TRNS), a provider of accredited calibration and compliance services and distributor of professional grade handheld test, measurement and control instrumentation, announced today that it has acquired, effective August 24, 2015, Anmar Metrology, Inc. Financial terms of the transaction were not disclosed...

The USD/JPY ended its equilibrium phase of several weeks as it plunged massively last week. Several previously demand levels are now supply levels, and the price is close to the demand level at 121.50, which could be breached easily in case the current selling pressure continues. This is a long awaited bearish signal – it […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the support line at 1.1050, this pair went upward by 330 pips, going above the support line at 1.1350. EUR is now one of the strongest among the majors (and so is CHF) and this has reflected on most EUR pairs. The next […]

“However, it is pleasant to win over the long term. Contrary to popular opinion, losses are part of winning. Take sports for example.” – Markham Gross A drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and […]

Gold Gold experienced a smooth downwards movement in July 2015. In August, price consolidated for about two weeks before breaking northwards last week. Price consolidated again before the end of last week and in the beginning of this week before breaking northwards again. This week is particularly interesting because Gold was thought of rallying, which […]