Technical Analysis

EURUSD Primary trend: Bearish This pair has trended downwards recently, with each intermittent rally providing a great opportunity to sell short. However, the downtrend has not been so strong because the price has hardly gone below the support line at 1.3000. The major bias remains bearish and it ought to continue so. Eventually, the price […]

AUDNZD: BUY The recent outlook was bearish, but since the middle of February 2013, the price found it difficult to go lower than the accumulation territory at 1.2150. As the price moved sideways while the bear and the bull engaged in some cut-throat struggle, the buying pressure increased. On February 20, 2013, the price crossed […]

Here are the latest extracts from Zak’s new premium blog AIM Stocks Charting Xcite Energy (LSE:XEL): Key 50 Day Moving Average Support Targets 120p Plus Given how closely followed Xcite Energy shares are it is probably sensible to hold back on bearish calls so as not to upset the many holders of this stock. But […]

The yearly outlook on the Bank of America (NYSE:BAC) for 2013 looks bleak and thus bearish. There has been a sell signal on the chart below. Normally, most market movement in a downtrend has the common result of forcing bulls to smooth their orders, as exit orders are being triggered. The bulls who sustain negativity […]

Affero Mining (LSE:AFF) has been in a downtrend and would continue thus. When the price is under serious pressure, you see it start to fluctuate on the chart. The more the pressure is high, the more lasting and more significant the trend would be (as it goes down from an equilibrium zone). The ADX period […]

EURUSD Primary trend: Bearish The EURUSD traded in a significant downwards move recently – a bias that is ever valid. The indicators on the chart now give a vivid support of the bears’ hegemony. The price has already broken the support line at 1.3300 to the downside, and the next target would be the support […]

NZDJPY: SELL   There is now a bearish possibility on the NZDJPY exotic cross as a result of the analysis given here. On the chart, the EMA period 56 and the RSI period 14 are used. Since the beginning of this year, this cross had been trending upwards, accentuated by vivid higher highs and higher […]

LEARN FROM GENERALS OF THE MARKETS – PART 22 “I love my career and am always learning more about trading. I felt my passion for the industry and harnessed it with full commitment.” – Chris Cashman Sam Seiden, a trading genius, started his trading career on the floor of the Chicago Mercantile Exchange. Since 1991, he’s […]

What would be the major bias on IBM (NYSE:IBM) for this year? The answer is given in the analysis below. The market, in recent months, has found it difficult to trend significantly upwards. And right now, it has assumed a bearish bias, following a gap-up that occurred in the month of January 2013. There is […]

What would be the eventual fate of the shares on StartMin Global (LSE:STGR)? Would they go south or north? The expected outlook is explained below and would need a thorough plan to be followed. When initial trading plans are followed faithfully, gains normally result. On the chart above, 4 Exponential Moving Averages are used. They […]