Technical Analysis

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This week’s data calendar contains plenty of minor indicator updates from both the US and the Euro Zone, nothing however that contains the potential to alter the current direction of the EUR/USD pair. Market momentum has been persistently bearish since the single currency’s failed attempt to take out the key 1.37 level at the beginning […]

The NZDUSD has been trying to regain positions above the daily pivot point level of 0.8671, so the pair could rise to the resistance level of 0.8691. For now, the Kiwi is likely to try a breakout resistance at that level. If successful, it is expected to rise to the level of 0.8715, where the […]

Petropavlovsk shares (LSE:POG) are a very weak market and it is expected to continue crashing to the floor. The next targets for the bears are located at the support levels of 32.00, 31.00 and 30.00. In the chart, the price is trying to effect a weak rally, which is a normal thing in a strongly […]

Angle stock (LSE:AGL) is a bear market, having been caught in a long-term bearish outlook. Granted, there would be occasional short-term rallies, which would be followed by the continuation of the bear market. The ADX period 14 is around the level 20, showing that the market is currently without momentum. But momentum would soon return […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold experienced a massive sell-off last week, which rendered the recent bullish bias completely invalid in the market. The market has been very volatile since then, with short-lived victories that are alternated between the bull and the bear. In this kind of market, a wide stop is recommended; plus the […]

The USD/CHF made an effort to test the great resistance level at 0.9000, and the price got retraced after this was done. The market tested that resistance level several weeks ago, but it was unable to break it to the upside. There is now a need to break the resistance level to the upside, so […]

The EURJPY is finding support on the daily pivot point level of 137.00, so this pair could be strengthened in the bullish trend. However, the next target for the EURJPY is the resistance level of 137.37. If the pair manages to make a breakout at that level would be expected to rise to the level […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The dominant bias for this week has been the same for last week – it is unchanged. The bearish trend in the market is now particularly strong, and it may continue as such. The price may reach the support lines of 1.3500 and 1.3450 […]

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