Technical Analysis

The AUDUSD had a bearish session yesterday due to poor economic data in China, but the Aussie closed the day at the same level as the opening. The AUDUSD found strong support at the 1.0256 level, where it made a rebound in the yesterday’s session. If the aussie manages to make a breakout in this […]

There has been perpetual massive sell-off on Petropavlovsk shares (LSE:POG) and this is a scenario that is expected to continue. It is unwise to look for bullish signals in this market right now (the bull’s supremacy is non-existent). One only grimaces at someone one sees (otherwise one is suffering from a mental condition). What would […]

Wessex Exploration stock (LSE:WSX) has come under severe pressure, following a period of indecision that lasted about 4 months (from December 2012 to March 2013). The stock poses a conundrum for buyers: looking for long opportunities while overlooking better shorting levels is like ignoring leprosy while paying attention to ringworm. After some indecisive months that […]

The EURJPY is very overbought on the higher charts, which indicates that this pair may fall in the coming days. This pair is facing to a very strong monthly resistance at the level of 130.57. It is quite possible that the EURJPY can not make a breakout of this resistance this week, because the technical […]

In the session on Monday, the GBPUSD had a slightly bullish day, recovering from the losses that had last Friday, when was published the new Moody’s credit rating for the UK economy. Possibly, the GBPUSD is forming a higher low pattern in this chart but keep in mind that the GBPUSD is not out of […]

EURUSD Primary trend: Bullish The outlook on this popular pair remains bullish, and it is expected to be so. There is a Bullish Confirmation Pattern on the chart (with the indicators pointing to further northward possibility). A long position may be judicious on the EURUSD as long as a stop is put around the support […]

Last week, the EURUSD made ​​very volatile movements but failed to leave the range in which it currently is. The EURUSD is near the bullish trend line and support at the 1.3018 level. If the EURUSD does make a bearish candlestick breakout in the trend line and support, the EURUSD could fall to support at […]

EURAUD: BUY There has been a Bullish Confirmation Pattern on the EURAUD cross, and for those who think the price has gone too far, this may just be the beginning. The price condition, though looking simplistic, is dictated by some exogenous factors. A trend is not over until it is actually over. From February 2013 […]

In the yesterday’s session, the EURUSD had sideways movements, clearly demonstrating indecision among investors due to economic data “mixed” come from both Europe and North America. There is a strong support at the 1.3004 level, if the EURUSD does make a breakout of this support with bearish candlestick, might take a fall to the level […]

The price on Northern Petroleum (LSE:NOP) has recently been in a perpetual downward bias. Things remain pessimistic about the company’s shares, favoring only short-sellers. For the bulls that refuse to smooth their positions, we do not know how many people would be eventually wet by the incessant rain. The stock might pretend to be moving […]