Commodities

HSBA stock (LSE:HSBC) is not currently looking sexy because the market is rough. Although the market was bearish last month, the month of February 2018 has been rough so far. The ADX period 14 is at the level 30 (high momentum), while the-DM is above the +DM (sell signal). However, the MACD default parameters, has […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the short-term, and bullish in the long-term. The second half of December 2017 was very bullish, and the bullishness continued last month. On February 2, price dropped sharply, bringing about a short-term bearish signal. In spite of effort to push price upwards on February 5, bears […]

Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated throughout last week, moving between the resistance line at 1.2300 and the support line at 1.2150. The resistance line at 1.2300 was tested unsuccessfully, and it is unlikely that price would stay above it, even if it tested again. There is […]

FTSE 100 shares (FTSE:UKX) have been moving northwards strongly in the past two months. There is a Bullish Confirmation Pattern in the daily chart, and so, the pullback we are currently experiencing would be a temporary thing. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color […]

The USD/JPY dropped massively last week, shedding 220 pips and testing the demand level at 111.00, with the intent to breach it to the downside. There is a huge Bearish Confirmation Pattern in the 4-hour chart, and further bearish movement is anticipated in the market. The next targets are the demand levels at 110.50, 110.00 […]

Gulf Keystone stock (LSE:GKP) has assumed a bullish movement, which may translate into something spectacular this year. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. The EMAs 10, 20 and […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold dropped massively in the first half of last month, reaching a low of 1236.21 on December 12, 2017. At that juncture, further bearish movement was rejected, as price went upwards by 7000 pips, ending the month on a strong bullish note. There is a Bullish Confirmation Pattern in the […]

The USD/JPY went sideways during last Monday and Tuesday, and then began to drop on Wednesday, until the market closed on Friday. There is a Bearish Confirmation Pattern in the 4-hour chart (though the outlook on the market is neutral), which would become strong as price moves further southwards this week. EUR/USD: The EUR/USD rose […]

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 […]