Technical Analysis

The S&P 500 finished lower on Thursday, giving back a good chunk of the gains seen on Wednesday, after the Federal Reserve adjusted its stance on interest rates. The Federal Reserve hinted that economic data is currently not strong enough to allow the raising of rates, giving traders more reason to invest in riskier assets. […]

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The AUDUSD remains bearish in our intraday and weekly outlook, because in the H1 chart we can see a downside consolidation below the 200 SMA. Also, the Aussie open the today’s trading session below the daily pivot point level of 0.7628, with a near term target at the support zone of 0.7593. If the AUDUSD […]

AIG – America International Group – shares (NYSE:AIG) is now ripe for bullish trend. All indication, including the price action, points to further northward journey. It is expected that the market would make higher lows and higher highs within the next several months. For this analysis, we use 4 EMAs and they are EMAs 10, […]

Chevron stock (NYSE:CVX) is currently a bear market and long trades are not recommended here. The dominant bias is bearish and rallies would offer nice opportunities to go short. Last year, the market would go up – only to drop downwards steeply. While short-term bulls could harness some gains in this kind of market, some […]

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 […]

The 200 SMA continues to be a strong dynamic resistance on the NZDUSD at the H1 chart, as the pair is trying to break the support offered by the daily pivot point level at 0.7353. We could see a bearish structure development on place at this timeframe, because the fractals position are showing us strength […]

The Cable is a weak market right now. The market moved downwards by more than 300 pips last week, closing below the distribution territory 1.4750. The accumulation territories at 1.4700 and 1.4650 are now potential targets for the bears. While those accumulation territories may be tested, it is unlikely that the price would breach them […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This market currently is one of the weakest among the majors, making lower highs and lower lows. The market proffers short opportunities with any short-term rallies that occur in it. The great support line at 1.0500 is being battered heavily by furious bears, and […]

The S&P 500 Index fell again on Wednesday, continuing it’s recent downward slide that has wiped out all of the year’s gains so far. The Index dropped by -0.19% on the day as a surging US dollar puts pressure on corporate profits and as traders priced in sooner than expected rate hikes from the Federal […]