05 Nov 2013 @ 06:15
USDCHF has pulled back from the resistance level of 0.9150. The price is now challenging the support level of 0.9100. EURUSD: This pair has bounced upwards from the support line of 1.3450, but this is supposed to be a rally in the context of an uptrend. The rally should not go beyond the resistance line […]
04 Nov 2013 @ 04:25
The AUD/USD remains bearish trend on a very weak due to its proximity to the 200 day moving average. The Aussie is trying to form a lower high pattern above support at the 0.9474 level. If this pair manages to break the resistance level of 0.9517, it is expected that rises to the resistance level […]
04 Nov 2013 @ 02:27
The reality on the EURUSD chart brings two possibilities: either this is a temporary pullback or the beginning of a new downtrend. EURUSD: The reality on the EURUSD chart brings two possibilities: either this is a temporary pullback or the beginning of a new downtrend. This is a bone of contention among traders, but the […]
01 Nov 2013 @ 06:13
The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The pair has nosedive from the resistance line of 1.3800 this week, going towards the support line of 1.3500. EURUSD: The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The […]
30 Oct 2013 @ 04:56
The EUR/JPY is forming a bullish pattern at current levels. The pair managed to fill the gap that was left near the support at the 134.25 level, which houses the 200 day moving average. The EURJPY broke the resistance level at 134.74 and now, this pair is forming a lower high pattern below the resistance […]
29 Oct 2013 @ 21:47
China New shares (
LSE:CNEL) have gotten a new lease of energy after a long period of hopelessness on the side of irrational equilibrium. On a lower timeframe shown below, the price broke upwards, following the recent trendless phase in the market and this is a beginning of a new uptrend. Whenever a trading instrument is […]
29 Oct 2013 @ 21:39
Gulf Keystone stock (
LSE:GKP), which was recently trending downwards, is now consolidating. This is a pause in the midst of an extant momentum prior to the next move – either in favor of buyers or sellers. What is now the next direction in the month of November? On the chart, the price is currently between […]
29 Oct 2013 @ 16:04
The bull run in the S&P 500 and FTSE 100 tenaciously continues but perhaps a time for caution is just around the corner. Based on recent economic reports investor sentiment has reached an extreme level in optimism. Investors are optimistic that the Fed will continue to support and push stock markets higher but the irony […]
29 Oct 2013 @ 07:07
The bullish bias on the EURJPY is still valid, although the price is currently experiencing some bearish pull. As long as the price trades above the demand zone of 134.00, the price has the probability of a northward journey. EURUSD: It would behoove one to seek a short trade in this market, perhaps setting a […]
28 Oct 2013 @ 00:00
The aussie is consolidating below the 200 day moving average, which can strengthen the current bearish trend. The AUD/USD is moving within a low range below the 200 day moving average and the resistance level at 0.9593. If the pair manages to break the 0.9570 level, it’s expected to fall to the level of 0.9517. […]
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