Technical Analysis

Instrument: USDJPY Order: Sell Entry date: June 2, 2014 Entry price: 102.395 Stop loss: 103.404 Take profit: 100.404 Instrument: AUDJPY Order: Sell Entry date: June 2, 2014 Entry price: 94.634 Stop loss: 95.660 Take profit: 92.660 Instrument: CADJPY Order: Sell Entry date: June 2, 2014 Entry price: 93.948 Stop loss: 94.964 Take profit: 91.964 Instrument: […]

There is a temporary pullback on the USD/CHF, which ought not to take the price below the support level at 0.8900, so that the bullish bias can remain valid. The price may go further upwards after the pullback has ended. EUR/USD: The bearish bias on this pair is still present, although there is a shallow […]

The EUR/GBP is trying to consolidate back above the 200 day moving average to continue extending the bullish trend. This pair has made a bullish rebound in the pivot point level of 0.8131, so it is very likely that the EUR/GBP rises to the resistance level of 0.8143. If the pair manages to make a […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This market has been moving downwards in a slow and tardy manner. Since early May 2014, the downward move that begun has taken the market down by over 380 pips. With the Bearish Confirmation Pattern in the chart, it is rational to expect that […]

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold was in an equilibrium phase for most of the month of May 2014, but price has now broken out in the direction of the bears. From a weekly high of 1301.28, the price has dived, reaching a low of 1255.77. This […]

From February 2014 to the end of May 2014, Wal-Mart (NYSE:WMT) was in a bullish bias. From the beginning of this month until now, the bias has become significantly bearish. This comes as a result of some panic selling, which has made the stock skydive. Yes, the bears are pushing the price southwards and this […]

Gulf Keystone (LSE:GKP) is in a long-term bearish trend, though the trend last year was bullish. This reveals that it is only a matter of time before gains are given up – whether it takes months of years. These shares are a good instance of choppy instrument. This is a kind of price action that […]

The AUD/USD remains strong in the bearish trend, but this pair is likely to consolidate in the bullish bias. The aussie is finding resistance at the 200-day moving average, so the next target in this pair is the resistance level of 0.9279. If the AUD/USD breakout manages to make a pivot point in the level […]

The EUR/JPY is trying to consolidate above the 200 SMA. This pair has made a rebound on the pivot point level of 138.94, which allowed that EUR/JPY has made a breakout on the resistance level of 139.19. If the pair manages to make a breakout at the level of 139.31, the next target would be […]

Instrument: USDJPY Order: Sell Entry date: May 26, 2014 Entry price: 101.932 Stop loss: 102.944 Take profit: 99.944 Instrument: AUDJPY Order: Sell Entry date: May 26, 2014 Entry price: 94.185 Stop loss: 95.185 Take profit: 92.184 Instrument: CADJPY Order: Sell Entry date: May 26, 2014 Entry price: 93.839 Stop loss: 94.866 Take profit: 91.866 Instrument: […]