02 Oct 2013 @ 11:24
Today’s re-test of the 21st August low at 6386 is not a positive development. Chances are the decline will continue but not before we see a decent counter trend bounce. I say this because the FTSE is oversold as indicated by my own timing indicators. In addition the 34-day BTI is oversold too. When the indicators […]
02 Oct 2013 @ 05:02
The EUR/JPY is about to play the bullish trend line, where it could find support. The EURJPY has been strengthening its current bearish trend on the daily chart, but we must be alert to a possible rebound bullish trend line on there near the current price of this pair. In case of the bullish rebound, […]
01 Oct 2013 @ 07:36
The JPY pairs opened with gap-downs and later rebounded upwards. The outlook on the JPY pairs for this week is thus bullish. EURUSD: The EURUSD is a bull market, with the possibility that the market would keep on going upwards (though not without bearish retracements). The price line at 1.3550, which has been tested constantly […]
01 Oct 2013 @ 04:50
The aussie continues to fall below the resistance level at 0.9349. The AUD/USD is forming a higher low pattern and is likely to fall to support at the 0.9201 level, to fill the gap that this left a few weeks ago. On the other hand, if the pair managed to break the resistance at the […]
30 Sep 2013 @ 16:24
Pound Sterling The Pound began the week softer against the Euro after Angela Merkel won a landslide victory in the German elections. The result was seen as a positive for stability in Europe and sent the Euro slightly higher against Sterling. Disappointing economic data releases for the UK and negative comments from a Bank of […]
30 Sep 2013 @ 00:06
After much consolidation, the markets ended the last week trending according to the dominant biases. EURUSD: This pair closed at 1.3522, being in a bullish mode. The price trended upwards last week, and it is supposed to do so this week. Although this would not be without serious struggle between buyers and sellers, it is […]
27 Sep 2013 @ 20:03
The NZD/USD has made a bullish rebound on the 200 day moving average, which could strengthen the overall bullish trend of this pair. The kiwi has made a rebound on the support at the 0.8263 level and now this pair is going up towards resistance at the 0.8290 level. If the pair manages to break […]
26 Sep 2013 @ 22:00
This week is best described as being indecisive and turbulent, as far as the dominant biases are concerned. EURUSD: The EURUSD is in a bullish mode, but not really decisive in its movement. The price even could not touch the resistance line at 1.3550, although there is possibility that the line would be tested on […]
25 Sep 2013 @ 20:17
For the rest of this month, Gulf Keystone (
LSE:GKP) is expected to continue going in the direction of the bulls, just as it has been doing since the beginning of July 2013. Prices are pushed by Smart Money. It is even more interesting that, usually, the stock that has trended northwards seriously would continue to […]
25 Sep 2013 @ 20:10
Soco international (
LSE:SIA) has long been a wonderful market – an investors’ dream. Therefore, anyone who has gone long in the market since July 2013 when a long signal is generated in the midst of the continuous turbulence in the market should be smiling to their bank right now. Based on the model used here, […]
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