Financial Guides

Blinkx stock (LSE:BLNX) is a bear market and the bears are happy as they follow the downward trend. The price has been falling since the beginning of the year 2014. In recent times, the price has been consolidating, while it is clear that further upward push is being rejected. The price could continue trending further […]

The recent strong bullish engulfing candle in Xcite Energy market (LSE:XEL) is a classic example of a false breakout which traps buyers as it appears the price is going towards the sky. The price may later retrace downwards. One strong bullish candle does not make a bullish trend, but having a series of candles with […]

Instrument: USDJPY Order: Buy Entry date: May 5, 2014 Entry price: 102.153 Stop loss: 101.132 Take profit: 104.132 Instrument: AUDJPY Order: Buy Entry date: May 5, 2014 Entry price: 94.746 Stop loss: 93.709 Take profit: 96.709 Instrument: CADJPY Order: Buy Entry date: May 5, 2014 Entry price: 93.264 Stop loss: 92.224 Take profit: 95.224 Instrument: […]

The Cable remains a bull market. The distribution territory at 1.6900 would soon be breached to the upside. EUR/USD: This is a bull market in spite of the volatile movement that was experienced last Friday. The support lines at 1.3850 and 1.3800 would proffer some difficulties for the bears, especially when they try to push […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In order to generate optimal profits, some tact is required in handling the market. This is a bull market but the bias is not very strong. The tug of war between the bull and the bear has resulted in serious upswings and downswings in […]

“You’re battling your fear, your greed, your hope. All those human emotions are your challenge.” Forex trading is as rewarding as it’s challenging. For those who’ve mastered the art of trading, it’s an unlimited ATM machine. However, certain conditions must be met before the ATM machine can be unlocked. According to one writer, you don’t […]

Globo shares (LSE:GBO) are bearish, but the price seems to have reached some rock-bottom at the accumulation territory of 40.00. Around that territory, the market is volatile and bearish pulls have been sharply rejected. The trend cannot go down forever, for no hen will be unfortunate enough to lay black eggs. We are watching the […]

Gulf Keystone stock (LSE:GKP) is bearish in the medium-term and bullish in the long-term. The bearish bias is strong enough to make the bear profitable and to make the bull anxious. When the recent bearish bias began, it was thought that things would change as the price tested one support level after the other. However, […]

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish There is not yet any Bullish Confirmation Pattern in this market, unless the price goes above the resistance level at 1300.00. As long as the price stays below the resistance levels, the bias remains bearish. Last week, there were large downswings and […]

The perpetual weakness on the USD/JPY has resulted in a ‘sell’ signal. This week, the price may reach the demand level at 101.50. EUR/USD: This market traded in a range last week, but the bulls are now gaining upper hands. The price is now showing some bullish determination, but the determination would be clearer when […]