Technical Analysis

Sentiment is still bullish and stock markets rallied further on positive news. Markets were lifted by strong US housing starts and building permits on Tuesday, and strong earnings from Dow component Home Depot. Investors are focusing on the economy and earnings instead of geopolitical concerns, however, the situation in Iraq and Ukraine is volatile and […]

The NZDUSD is trying to consolidate below the moving average of 200. The Kiwi has made a breakout in the support level of 0.8463 and now, this pair is trying to drop down to the next level in 0.8430. It is likely that the NZDUSD start to perform corretive movements at that level, since this […]

The EURGBP is trying to strengthen the bullish trend in the H1 Chart above the 200-day moving average. EURGBP is finding strong resistance at the level of 0.8029. But it is likely that this pair make a retracement to the support level of 0.8002, due to that the EURGBP is currently forming a bullish pattern. […]

Rather than going upwards, the USD/CHF broke below the resistance level at 0.9050. This has resulted in a clean ‘sell’ signal, and a movement below the support level at 0.9000 would mean the total end of the bullish bias. EUR/USD: Since the strong support line at 1.3350 was tested several times last week, and the […]

Instrument: XAUUSD Order: Buy Entry date: August 15, 2014 Entry price: 1313.73 Stop loss: 1293.32 Take profit: 1373.32 Instrument: XAGUSD Order: Buy Entry date: August 15, 2014 Entry price: 19.9263 Stop loss: 19.7083 Take profit: 20.5083 NB: 2% per trade is risked. All open trades are closed after the duration of the signals has expired. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has continued to be weak, though the southward movement has been limited so far. In fact, there is a constant struggle between the bull and the bear, which has resulted in a high volatility. The resistance line at 1.3400 has been battered […]

“Markets change continuously. Therefore, I am constantly searching for trading setups that may improve my trading.” – Christian Lukas One of the most important aspects of a strategy is its accuracy percentage. High accuracy is more preferable than low accuracy, although it must be coupled with positive expectancy. A trader whose strategy is only 25% […]

The AUDUSD remains above the daily pivot point level of 0.9263, where the pair is trying to remain stable, despite the AUDUSD is below the 200 SMA. If the Aussie manages to make a breakout on the resistance level of 0.9280, it is expected to rise to the level of 0.9291, where the 200 SMA […]

Regency Mines stock (LSE:RGM) has nosedived again while the major bias remains bearish. This means that the market has a high probability of going further south as the chart shows. Because of this, sane buyers offload their positions in a hurry. 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The […]

President Energy shares (LSE:PPC) may lose more of their value when the price breaks out and go further south. The market has been very choppy and volatile lately, plus the logical thing to do right now is to seek short trades. Since last month, July 2014, the price has been coming down, going through very […]