Technical Analysis

LEARN FROM THE GENERALS OF THE MARKETS – PART 61 “According to a popular drink advert in the UK, good things come to those who wait. Trading is no different. It takes time and practice to become a consistently profitable trader. But when you do get there, everything will become very easy.” – Max Munroe […]

The S&P 500 Index dropped -0.08% on Wednesday, reversing earlier gains as US benchmark indices fluctuated around all-time record highs. The previous day’s comments from Federal Reserve Head, Janet Yellen, had stock markets off to a head start, however, that rally petered out as the session went on. Despite another dose of dovish comments from […]

Currently, the NZDUSD continues to trade in favor of the intraday bullish bias, as the pair stays above the 200 SMA at H1 chart. The next target for the Kiwi, in case that it could develop a higher high pattern successfully, will be the resistance level of 0.7595. This bullish bias is also supported by […]

AUDCAD = Sell USDCAD = Sell EURCAD = Sell CADJPY = Buy CADCHF = Buy GBPCAD = Sell NZDCAD = 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 […]

HSBC Holdings shares (LSE:HSBA) are currently downbeat and buyers should stay away. The market has been trending down generally for several months, with transitory rallies proffering opportunities to go short. Right now, the price is trading below the EMA 21 and the Williams’ % Range period 20 is gallivanting around the oversold region. This is […]

Bank of America stock (NYSE:BAC) is currently a dicey market and one should stay away until there is a predictable direction. The price made some effort to go north last year (2014), but there was a sharp pullback in the month of January 2015. The price is now trying to recover from the sharp pullback. […]

The EURUSD continues to trade lower, below the 200 SMA at H1 chart and the daily pivot point level of 1.1341. At the moment, we’re still following the bearish bias on this pair, because the price action is telling us, that the EURUSD is finding strong dynamic resistance on that moving average and also, the […]

It has to be said: The antics of your mind throw many a spanner into your trading works.  There is no other way of putting it, you are the unwitting victim of your mind rather than being the master of it. This simple fact, which I also discussed in my last article:” Why Fundamentals Don’t […]

The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market is not currently favorable for swing trading, except intraday trading or scalping. This is because the market has not moved protractedly in a vivid direction for weeks. There is a support line at 1.1300 and a resistance line at 1.1450, and a […]