Technical Analysis

Pound Sterling – With UK markets closed for a national holiday it was a slow start to the week for the Pound. Although Sterling went on to weaken against the US Dollar as UK retail sales dropped to a 16-month low, it was able to recoup losses as separate reports showed a surge in British house […]

In the yesterday’s session, EURUSD was very bullish, breaking major resistance levels on the way, which drastically changed the general trend of this pair. Finally, the EURUSD broke again the resistance at 1.3000 psychological level, after remaining in a range between 1.2950 and 1.2800. Now, the EURUSD is forming a lower high pattern, in order […]

In yesterday’s session, the USDJPY was bearish and is now trying to break important supports. The USDJPY is trying to break the support at the 100.41 level, risking their bullish trend in the short term. If the USDJPY breaks that support, is expected to fall to the level of 99.50. On the other hand, it […]

In spite of the recent downtrend and the current turbulent volatility in the market, Leyshon Resources (LSE:LRL) is going north. The price had already been making some northward attempt in this month, before it gapped upward earlier this week. Whether the gap is filled or not, there is a northward determination in the market. Here, […]

Randgold Resources (LSE:RRS) has been in a clear downtrend. From the year 2012; and so far in this year, this statement has been true. Any rallies have proven to be short-term in nature, giving nice opportunities to go short at dearer prices. It can be seen that the EMA 21 has long been sloping downwards […]

The Aussie continues to weaken and is expected to be down more, if you can break important supports. The AUDUSD ended to form a higher low pattern and fell from 0.9800 to 0.9588 level, where it formed a strong support. It is very possible that the AUDUSD bullish start making rebounds above this support, because […]

The EURUSD is approaching very important levels and forming important patterns, which could set the trend for the long term. On the weekly chart, the EURUSD stays below the 200 day moving average and as we can see clearly, has finished forming a head and shoulders pattern, very important to help us analyze the trend […]

The currency markets are experiencing sharp reversals in the face of major biases, which could be pullbacks or potentially new signals. If you look at your charts more carefully during a busy trading period, you would observe that instruments do not move in straight lines. This is a propensity in the markets; a major bias […]

Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]

Do you know how top traders handle their positions? Schools encourage us to multi-task flawlessly. The more errors a student makes, the worse the marks awarded and therefore less the commendation, for many errors. Mistakes are frowned on in the medical world, business world and the engineering world. Indeed, the willingness to be perfect in […]