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Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD is bullish in the long-term and bearish in the short-term. Price went upwards on Monday and Tuesday, testing the resistance line at 1.2050. After that, a serious bearish correction took place as price went down by roughly 200 pips after the aforementioned resistance […]

Big Sofia Tech stock (LSE:BST) is a good bearish market. This has happened after some protracted sideways movement that was seen in the past several months, especially in the months of April to June 2017. The ADX period 14 is above the level 30 and close to level 40, suggesting a strong momentum in the […]

Empyrean shares (LSE:EME) have been consolidating to the downside since July. This follows the strong bullish rise that was witnessed in June. Before that, the market was in a tight equilibrium phase. The price is now almost below the EMA 21, while the Williams’ % Range period 20 is in the oversold region. When price […]

This USD/CHF pair is bearish in the long-term, butt neutral in the short-term. The bearish breakout that was seen on August 25 was not significant enough to override the short-term neutrality in the market, unless price breaks the support level at 0.9550 and 0.9500 to the downside, which would happens as the EUR/USD journeys upwards. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is neutral in the short-term, but bullish in the long-term. Price moved sideways from Monday to Thursday, and then broke upwards on Friday. Price gained roughly 150 pips that day, closing above the support line at 1.1900. The bullish movement could take […]

“One thing very good traders have is insight into themselves.” – Chris Tate FUN AND GAMES Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has […]

Pigs have been slaughtered in Provident Financial Group market (LSE:PFG). Who are the pigs? They are buyers who continue to hold onto their losing positions in spite of a clear indication that the trend is no longer in their favor. The stock gapped downward in June 2107, ending the pervious protracted equilibrium phase in it; […]

Breaking news! A Golden Cross has just occurred on Scancell Holdings shares (LSE:SCLP). It happened forcefully this week, and that has heralded the end of the recent bearishness in the market, as bullishness has occurred.   4 EMAs are used for the analysis and they are EMAs 10, 20, 50 and 200. The color that […]

The EUR/JPY went generally bearish last week. Price lost about roughly 200 pips and then bounced upwards on Friday. The upwards bounce has given another good opportunity to sell short at a better price. The demand zones at 128.00, 127.50 and 127.00 may be tested this week. The demand zone at 128.00 was tested last […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the long-term, but neutral in the short-term (for price has been going sideways for about two weeks). Price has been moving to and fro, within the resistance line at 1.1850 and the support line at 1.1650. As long as […]