Bubbles

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There is a Bullish Confirmation Pattern on the market. Price went upwards by 170 pips last week, almost managing to close barely above the support line at 1.2000. While there could be further bullish effort this week, it is not may not take price […]

Microsaic shares (LSE:MSYS) could now be rated a “buy” as a result of the recent great bullish breakout, which should continue for several months.   The market consolidated to the downside between July and October 2017, and then went flat from October until December, when it had a major breakout, going northwards wildly. Price has […]

Legendary Investments stock (LSE:LEG) seems to have come out of rough waters (choppy, unpredictable market conditions), as it assumes a bullish bias. The ADX period 14 is rising above the level 20, meaning that the momentum may be rising. The DM+ is above the DM-, showing the bullish strength. The MACD default parameters, has its […]

The USD/CHF did not make any significant movement last week, neither is it expected to make any significant movement this week (because volatility would thin out). Price is thus expected to oscillate between the resistance level at 0.9950 and support level at 0.9800 within the next several trading days. However, a breakout will occur early […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the short-term, but neutral in the long-term. Price rose from the support line at 1.1750 and tested the resistance line at 1.1900 (a movement of 150 pips). However, price closed below the resistance line on Friday. Bulls might still […]

RANDOM THOUGHTS FROM LIFE ON THE ROAD Louise Bedford and I have just wrapped up about a month of travelling to different states and presenting, which is something we haven’t done for probably 15 years. It was an interesting adventure and good to get out from behind the screen and talk to people. When I […]

The EUR/USD made some bullish effort last week, but further rally was rejected when the resistance line at 1.1850 was tested. Since then, price has gone down by 100 pips, now almost below the support line at 1.1750. Further bearish movement is expected this week as price goes towards another support line at 1.1700. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair is bearish in the short-term, and neutral in the long-term. Price has gradually come down since November 27, and it is now around the support line at 1.1750, and it may go lower to test other support lines at 1.1700 and 1.1650 […]

Gold has been depressed and has underperformed other assets since 2011 when the yellow metal parabolic rise ended. There are many reasons why gold is depressed. The media cites three main reasons; rising stock markets, dollar strength and the distraction from bitcoin. To say that gold is weak because the stock market is rising has […]

Petrel Resources stock (LSE:PET) has started to recover its recent losses as it spikes legitimately upwards this week. The upwards spike is better referred to as a bullish breakout and it would be sustained as the market fully recovers. Price went below the lower Trendline before shooting upwards above the upper Trendline. Price is currently […]