Technical Analysis

The outlook on Amerisur Resources (LSE:AMER) is no longer bright. This means the prospects are in favor of the bear. This is not the time when the price would go ballistic – not even in the near future. A broken calabash is definitely not fit for drinking pap. Last month, the stock made some northward […]

Yesterday’s session was very bearish for the GBPUSD, due to “bad” economic data that were released early and that demonstrate, that the UK economy is not good, for now. The GBPUSD is now trying to make a breakout of support at 1.5225 level, if the cable does that breakout, could fall to next support at […]

In the yesterday’s session, the EURUSD had a bearish day, thanks to economic data that did not favor this pair. The EURUSD is facing a very important: The support at the 1.2995 level. If the EURUSD does a breakout in this support, it is likely that the EURUSD can fall to the next support level […]

Yesterday’s session was very bullish in the last hours for the cable. Now, the GBPUSD is facing a strong resistance on the upside. The GBPUSD is forming a lower high clear pattern in the H1 chart. The resistance in the 1.5377 level is very strong, because it has been touched days ago but could not […]

The EURUSD had a bearish week start, which, indicates that this pair has a desire to want to continue the long-term trend: bearish. The EURUSD is approaching to the psychological support level of 1.30, a significant level at which many traders, they decide to buy or sell, in large quantities. Currently, the EURUSD is below […]

The NZDUSD had sharp falls in yesterday’s session, forming a envelope candle in the daily chart, which could indicate a turnaround in the kiwi. The NZDUSD fell over 100 pips in yesterday’s session, breaking the psychological support level at 0.85. Now, this pair is facing with three very important supports: The supports in the levels […]

EURUSD Primary trend: Bullish The EURUSD is no longer in a bearish mode. This famous pair has shrugged off any bearish pulls and has resumed an extended bullish mode. This is a fact that is supposed to be valid for the next several trading days, though there could be some southward retracements along the way. […]

GBPJPY: SELL Last week, from the low of 140.360, the GBPJPY rose by more than 1150 pips. This happened in less than one trading week, but would it continue? Many traders are now bullish on the GBPJPY (and other JPY pairs) whereas the instruments are now at critical supply levels. The masses’ irrationality here is […]

GOLD Dominant bias: Bearish Since the year 2012, the outlook on the world-famous gold has been bearish. This highly-sought precious metal has plummeted by more than 13500 points since December 2012, when the model used for this analysis gave a long term short signal. The outlook is bearish and the price would continue to respect […]

The EURUSD has been moving in sideways, like other pairs who are waiting to define their trends for the coming days. The EURUSD has met with the strong resistance at the level of 1.3085, which coincides with the 200 day moving average, that is currently doing dynamic resistance on this pair. In yesterday’s session, there […]