06 Jun 2016 @ 07:16
The USD/JPY dropped 450 pips last week, testing the demand level at 106.50. The next target to be reached is the demand level at 105.50, since there is a Bearish Confirmation Pattern in the market. There is also a possibility of bullish reversal this week. EUR/USD: This pair shot upwards on Friday, overturning the bearish […]
05 Jun 2016 @ 17:09
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair moved sideways from Monday to Friday, in the context of a downtrend. The downtrend was forcefully overturned as the pair shot skywards by 220 pips on Friday, closing at 1.1365 on the same day. The bias has turned bullish, but there is […]
01 Jun 2016 @ 20:00
GOLD (XAUUSD) Dominant Bias: Bearish Gold dropped persistently in May 2016, reaching a high of 1303.53 and a low of 1199.79. This has resulted in a clean bearish outlook on the market, and in spite of the present weak bullish attempt, price is expected to continuing moving downwards this month, reaching the demand levels at […]
30 May 2016 @ 07:11
The USD/CHF managed to go upwards a little on Friday, having consolidated in the first few days of the week. The bulls are still willing to push price northward, and there is a possibility that the resistance levels at 0.9950 and 1.0000 (a parity zone) would be tested. However, it is unlikely that the resistance […]
28 May 2016 @ 19:15
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Last week, EURUSD went downwards 110 pips, just as it was projected. There is a bearish signal in the market, which would cause its weakness to hold out, as long as USD is stronger than EUR. The pair would continue trudging south this week, […]
26 May 2016 @ 17:53
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 9 “As a trader, the brutal truth is that you only get paid for your results. There is no ‘time and a half’, or over-time rates. We live in a results economy, not a time economy, like people who have ‘jobs.’’ – Louise Bedford Name: […]
23 May 2016 @ 10:14
As it was forecasted, the USD/CHF was able to move upwards by 160 pips last week, closing above the support level at 0.9900. The next target should be the resistance level at 1.0000, which means a parity area for USD versus CHF. However, there is one challenge the bulls might face this week, and that […]
21 May 2016 @ 20:52
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went downwards last week, closing below the resistance line at 1.1250. There is a bearish bias on the market, and the support lines at 1.1150 and 1.1100 could be tested. The only thing that can make this happen is continuous stamina in USD […]
20 May 2016 @ 00:06
EUR/USD DMI: Bearish Sentiment bearish MACD : bearish RSI: Neutral Moving averages crossover: bullish EUR/USD: Indicators are mostly bearish and the Elliott wave is wave A down. The euro is tracing out wave A of a downward zigzag [A,B,C]. The pattern is a long term triangle [(A),(B),(C),(D),(E)]. wave (C) is over and […]
18 May 2016 @ 20:20
Strat Aero stock (
LSE:AERO) is really a falling knife, despite the current consolidation in the market. When there is a breakout in the market, it would be in favor of sellers, as shown in the price action below. The price has been trending downwards since December 2015 till now. This is a kind of market […]