Technical Analysis

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a weak market, and it is not advisable to seek long trades in this market, unless everything has gone completely bullish. The market dropped heavily last week, reaching as low as the demand level of 1161.20. There is a strong Bearish Confirmation Pattern in the market and the […]

The USD/JPY closed at 112.35 on Friday, October 31, 2014. The pair closed on a bullish note, having trended upwards by around 440 pips last week. This is a very strong northward journey that could continue this week. However, the possibility of some transitory pullbacks cannot be ruled out. EUR/USD: This is a bear market, […]

The NZDUSD met with strong resistance at the 0.7865 level, where it is pair has formed two fractals. In the H1 chart, the NZDUSD is forming a bearish pattern for a breakout in the support level of 0.7786 and fall to the level of 0.7729. However, while this pair is still holding strong bearish bias […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market, which continued its bearish trend last week. The bearish trend is expected to continue this week as well, although the possibilities of transitory rallies cannot be ruled out. The support line at 1.2500 has been tested and it would […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 54 “I’ve found that the more focused I am on trading and living a successful life, the fewer groups I actually fit into.” – Louise Bedford Kenneth Griffin was born in 1968, Florida, USA. He’s an American trader and funds manager. He attended Boca Raton Community […]

The EURGBP has made a pullback to the resistance level of 0.7903, and now the pair is trying to consolidate below the 200 SMA. This pair has been prevented to progress in the bullish trend in the short term, because the daily pivot point level of 0.7894 is very strong, so it is very likely […]

The S&P 500 advanced 1.19% on Tuesday, putting the index within 1.5% of another record high as US corporate earnings topped expectations and US consumer confidence beat expectations. Equities were also boosted by a rebound in Emerging Markets, led by Brazil, as traders bet that the recent election-result selloff was overdone. Earnings According to data […]

USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = 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 […]

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 […]

Urals Energy shares (LSE:UEN) had always been a hopeless equilibrium market. For most part of this year, the market has been moving in a very tight consolidation, until the price rallied massively at the beginning of October 2014. Some people may call that a spike. In the chart, the ADX period 14 is above the […]