15 Dec 2014 @ 22:05
GOLD (XAUUSD) Dominant Bias: Bearish The long-term bias on Gold is bearish, but the medium-term bias is bullish. Even the medium-term bullish bias has been put in a precarious condition, because price has been trending downwards this week. Any movement below the support level at 1187.00 would make it illogical to seek long trades, while […]
15 Dec 2014 @ 06:48
Cable made some effort to go bullish last week. Price went upwards in a slow and steady manner and then moved sideways, closing at 1.5715 on Friday, December 12, 2014. Price may go further upwards towards the distribution territory at 1.5800, provided that Greenback continues its current weakness. EUR/USD: This pair has been making serious […]
15 Dec 2014 @ 01:14
The NZDUSD is trying to find dynamic support on the 200-day moving average on the H1 chart. Now the NZDUSD is attempting a breakout in the support level of 0.7744 to fall to the level of 0.7708. However, the Kiwi could conduct a rebound on the 200 SMA and climb to the daily pivot point […]
13 Dec 2014 @ 21:40
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This market moved upwards by over 210 pips this week, after testing the support line at 1.2250. All indication points to the fact that short trades are no longer logical in the near-term. It is possible that the bears would gain control again before […]
11 Dec 2014 @ 21:28
“Active trading requires increased mental capacity. But your IQ doesn’t need to break the bank. You can increase your mental capacity through practice.” – Joe Ross Traders often check the markets to look for trading opportunities. When a discipline trader fails to find a good setup in a market, she/he mayn’t trade or look for […]
11 Dec 2014 @ 14:08
Global stock markets tumbled on Wednesday and the S&P 500 Index fell the most in seven weeks as energy shares plunged once again and crude oil futures dropped below $62 a barrel. US markets were a sea of red with only a handful of companies finishing the day in positive territory. The S&P 500 dropped […]
09 Dec 2014 @ 22:24
Does it make sense to go long on Keffi Minerals? Keffi Minerals stock (
LSE:KEFI) appears to be rallying in the context of a downtrend. Should one go long? When caught in a wrong direction, traders who hate to use stops are often forced to run their positions longer than they can imagine. When many experts […]
09 Dec 2014 @ 22:13
Metal Tiger shares (
LSE:MTR) are going up and they may reach the resistance level at 2.500. Price traded lower in the months of October and November 2014, but it has skyrocketed in this month. One great trader has said that his view on the shares is bullish. When a great trader says something, the market […]
08 Dec 2014 @ 22:54
GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = 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 […]
08 Dec 2014 @ 22:18
The EURGBP made a rebound on the support level of 0.7845, so this pair is performing corrective Movements in favor of the current bearish bias. Now the EURGBP is finding resistance at the daily pivot point of 0.7870 level, so this pair could make a pullback in that area and fall back to the level […]