Technical Analysis

Premier Gold Resources stock (LSE:PGR) is a significantly bull market, resulting from the recent long term consolidation. The events that led to this kind of price action have succeeded in triggering a long term bullish signal. In this profession of speculation, prices tend to react to events and fundamentals in speedy manners. This month, the […]

Urals Energy shares (LSE:UEN) have been making attempts to go skywards, and they could even shoot upward eventually. The market was in a downtrend for the past several months, before it consolidated a bit, and then began to trend upwards. What happens when the market leaves the consolidation phase? The subtle agreement between the bear […]

Daily chart: In yesterday’s session, the USDX not make very significant movements for the development of a stronger trend. By contrast, current USDX movements show a market surrounded by much uncertainty, due to the current situation in Syria, so we must be very aware of the reaction of the USDX, in address to this situation. […]

Daily chart: GBPUSD is forming a possible lower high pattern, above the support at the level of 1.5506 and above the SMA 200. Today’s session could be crucial in the development of the trend trend in this pair, because this is still above the SMA 200. However, if the pair manages to break the support […]

Daily chart: The GBPUSD continues to fall below the resistance level at 1.5642 and now, it is likely to fall to support at the 1.5506 level, very close to the 200 day moving average. For this week, GBPUSD shows a bearish trend in development, which could continue for several days if the pair manages to […]

Daily chart: The USDX is still facing a resistance at the 81.50 level. However, this could be the formation of a lower high pattern, but this is still not sure. It is possible that the USDX to fall to the bullish trend line at the level of 81.05. If the GBPUSD manages to break it, […]

The JPY pairs ended with bullish bias last week, and this is expected to continue. EURUSD: On Friday, this pair closed at 1.3381, in a bullish mode. There is still much room for the price to continue going upwards; possibly touching the resistance line of 1.3450 – even breaching it to the upside. For this […]

Daily chart: The CL made a strong bullish rebound in the 103.85 support level, making of the CL, in an asset very difficult to negotiate at the moment, because this is kept within the range between 106.70 and 103.85 levels. If the CL manages to break the support level of 103.85, it is expected to […]

Daily chart: The USDJPY broke the resistance at the 98.25 level and now, this is trying to climb to the resistance at the 99.81 level. It is very likely that this bullish trend continue next week, because of the strength he has shown this pair in recent days due to the weakness of the yen […]

Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]