09 Jan 2015 @ 12:15
“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About 4 years ago, Mr. Geoffrey* came to me and said he wanted to learn […]
08 Jan 2015 @ 12:31
The S&P 500 climbed by the most in three weeks on Wednesday as Federal Reserve meeting minutes boosted investor confidence and there was some upbeat economic data out of the world’s largest economy. The rally comes after a five-day losing streak which saw the index drop back below the 2,000 level. Concern over a Greek […]
08 Jan 2015 @ 04:29
The EURJPY has found solid support at the level of 140.61, which is below the daily pivot point level of 141.14, as we can see it at the H1 chart. Now this pair is trying to gain positions to the resistance level of 141.71. If the EURJPY manages to make a breakout in that area, […]
07 Jan 2015 @ 00:05
Contrary to expectations, Gulf Keystone shares (
LSE:GKP) were weak throughout the last year. Price dived freely and upwards bounces proffered great short-selling opportunities. The bearish outlook is valid for this year: the upward bounces along the way should not be chased. A mouse that tries to chase a cat is looking for trouble. A dog […]
06 Jan 2015 @ 23:49
Facebook stock (
NASDAQ:FB) was bullish for most of the last year, though the bears also showed their strength in some cases. Price tried to move further upwards in December 2014, but this was rejected and things turned bearish. This novel bearish outlook should not be belittled because it may translate into a significant bearish run. […]
06 Jan 2015 @ 03:31
The EURGBP continues to find dynamic resistance at the 200-day moving average in the H1 chart, which coincides with the daily pivot point of 0.7824 level. This pair continues to try to form a bullish pattern to climb to the resistance level of 0.7849, despite that fact that the EURGBP would have to make a […]
05 Jan 2015 @ 23:35
GOLD (XAUUSD) Long-term Bias: Bearish Gold trended lower last year – just as it did in the year 2013. From January 2014 to early March of the same year, price moved upwards significantly, topping at 1391.97. Since then, further rally was rejected and price began to come down, although the bulls made desperate effort to […]
04 Jan 2015 @ 23:53
The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart. EUR/USD: The EUR/USD trended downwards […]
02 Jan 2015 @ 21:54
Here’s the market outlook for the year 2015: EURUSD Long-term trend: Bearish This pair trended southward for most of last year. In May 2014, price topped at 1.3993 and since then, it started moving south (a movement of around 1890 pips). Last year, price closed at the low of 1.2101, challenging the support line at […]
02 Jan 2015 @ 04:32
The NZDUSD has had considerable falls below the resistance level of 0.7861 and the daily pivot point of 0.7816 level. For now, the Kiwi is adamant the current bullish bias, as this pair is above the 200-day moving average. Therefore, the next target would be the support level of 0.7783, where is located the 200 […]