Technical Analysis

Medusa Mining shares (LSE:MML) are bound to continue falling further as the reality on the chart indicates. At the time of writing this forecast, the price was trading at 92.5, and it may fall further towards the support levels of 91.000 and 90.00 respectively. Historically, any upward surge in the price has invariably been a […]

In the previous week, the dominant biases in the markets have proven to be valid (even till now). It can be seen that the consolidations and reversals that happened on major pairs and crosses were short-term in nature; as the respective instruments have continued in the direction of the major biases. The USD and the […]

The GBPUSD is in a strong bearish trend and is very likely, that falls continue in the medium and long term. The GBPUSD is forming a higher low pattern, having fallen over 400 pips last week. The cable is below the 200 day moving average and this strengthens the current trend bearish GBPUSD. The economic […]

The question above, as commonplace as it seems, is still asked by many people who’re interested in Forex trading. How much do you need to invest for optimal returns? How much is needed for full-time or part-time trading? This piece is my take on the subject. In one of his past articles, the world-famous Dr. […]

The USDJPY continues to develop its bullish trend in the medium term and it is very likely that this pair continues to consolidate higher. USDJPY is below the level of resistance in the 100.65 forming a lower high pattern. If the USDJPY manage to break that resistance level, would be expected to rise to the […]

In the past several months, Leni Gas stock (LSE:LGO) has been a bear market. The bullish attempts that happened in April and May, 2013, proved to be futile, for it merely happened to be a rally in the context of a downtrend. On the chart, the price went below the EMA 21 last month, and […]

In the months of May and June, 2013, Summit Corps shares (LSE:SUMM) succeeded in rejecting further bearish threats in the market, hence the currently new Bullish Confirmation Pattern on the chart. It looks sensible to seek long trades now. The cause of the Bullish Confirmation Pattern are the price action (the price has jumped upwards […]

The EURUSD continues falling and breaking supports on the road, however, keep in mind that the EURUSD could change the trend, although this is not certain. The EURUSD is forming a lower high pattern above support at the 1.2981 level, if the pair manages to break this support, it is expected to fall to the […]

The Aussie continues to fall and its bearish trend continues to strengthen with the passage of time and the start of the new semester. AUDUSD is forming a higher low pattern over the support at the level of 0.9117. In yesterday’s session, the pair made ​​a bullish rebound at the support and this is approaching […]

It is well-known that events move the markets, and that what relevant personalities say (for example, central bank governors/presidents) have short-term or long-term impacts on the markets. This remains a fact, and it has affected the markets in recent times. Looking at the popular currency instruments, they have continued to go in the direction of […]