Technical Analysis

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 […]

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 […]

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 […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 58 “The markets don’t care about your background, your gender or your age. It’s one of the only platforms in the world that offers you a limitless stage to refine your art.” – Louise Bedford Victoria Grimsley is a dancer, singer and actress in Loss Angeles, […]

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 AUDUSD is trying to continue the development of the overall bearish trend, as this pair made a pullback in the 200-day moving average of H1 chart. For now, the Aussie is consolidating below the daily pivot point  level of 0.8341, so the next target in the short term would be the support level of […]

Victoria Oil and Gas shares (LSE:VOG) have begun going upwards in what can be called the end of the year rally. The recent bias was bearish and price dived further downwards this month before further bearish movement was rejected. Since then, the price has moved upwards seriously, with an up-gap that pushed the price higher. […]

Oxus Gold stock (LSE:OXS) is an extremely volatile market where it seems the price is consolidating. A closer look reveals that the bulls appear to be having upper hands at the moment and therefore, the price could go upwards. The price is currently above the EMA 21 and the Williams’ % Range period 20 is […]

The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged. EUR/USD: This market […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD trended downwards last week, closing below the resistance line at 1.2200. Since the recent bullish attempt was rejected at the resistance line of 1.2550, price has dived by over 360 pips, resulting in a very strong Bearish Confirmation Pattern in the market. The […]