Technical Analysis

President energy stock (LSE:PPC) was a volatile market which was trending downwards about a few months ago. But recently, things have gone bullish, plus the pullback that is currently happening in the market is a good opportunity to go long. When people are concerned about what is happening now, they would like to see recent […]

GOLD: Since July 2014, Gold has been very weak. This market dropped seriously from the month of July 2014, testing the support level at 1182.94 in October 2014. Since then, the market has been making some serious attempts to go bullish. The market is thus bullish in the medium-term, but bearish in the near-term. The […]

The AUDUSD remains above the daily pivot point level of 0.8873, because this pair is forming a bullish pattern. The next target in the bullish trend for the AUDUSD is the resistance level of 0.8907, given that this pair remains above the moving average of 200. However, the AUDUSD may fall back to the support […]

On Friday, October 24, 2014, the USD/JPY closed above the demand level at 108.00; on a bullish note. There is a bullish signal in the market and the price may go upwards this week, reaching the supply level at 109.00. However, any possible pullbacks along the way may be contained at the demand level of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the current shallow rally is another opportunity to go short. This week, there is a possibility that the price would go south, reaching the support lines at 1.2600 and 1.2550 respectively. The resistance lines at 1.2750 and 1.2800 […]

The EURJPY had a strong bullish momentum above the 200 SMA on the H1 chart. Now this pair is consolidating above the daily pivot point level of 136.37, so the next target bullish road, would be the resistance level of 137.54. On the other hand, EURJPY may do a retracement to the level of 136.37, […]

The S&P 500 Index fell -0.73% on Wednesday, capping four days of solid gains as stocks drifted lower across the board and crude oil plunged to another two-year low. A report from the Energy Information Administration (EIA) revealed that oil inventories increased more than expected last week and this saw the commodity slump -2.4%. Unsurprisingly, […]

“When you’re in love with a market, it shows…in your trading account.” – Old Trader It’s no longer news that Forex markets are full of opportunities. Sure, there are challenges, but once you learn what it takes to overcome those challenges and become consistently successful, then the opportunities in the markets would bring you rewards. […]

Emed Mining shares (LSE:EMED) have gained strength as a result of buying pressure in the market. When we look at our chart in order to determine a bias, we see a bullish bias as the price makes higher highs and lower lows. The market moves because someone is interested in a higher price or a […]

Tethys Petroleum stock (LSE: TPL) has long been in a downtrend and this is supposed to continue. This downtrend has been going on for most part of this year, while rallies proffer short-selling opportunities. We do not want to be fooled by the noises in the market. Rather, we want to look at the Big […]