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Weekly Trading Forecasts on Major Pairs (December 21 - 25, 2015)

20 Dec 2015 @ 08:26
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Although the dominant bias on this pair is bullish, the bias is seriously threatened. After testing the resistance line at 1.1050, the price went down by roughly 250 pips, almost reaching the support line at 1.0800. Based on the bearish expectation on EUR (and […]
 

Bill Miller: One of the Greatest Money Managers

18 Dec 2015 @ 09:19
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 19 “Just as picking up a five iron does not make you Tiger Woods, opening a brokerage account and sitting in front of a computer screen does not make you Peter Lynch or Warren Buffett. That is something you must work for, and it takes time […]
 

MXO Oil Chart – Will Price Rise from the Base?

17 Dec 2015 @ 07:50
MXO Oil stock (LSE:MXO) is now trying to rise from the long-term base it has formed in the market. Would this be a sustained bullish movement or a false breakout? From July to August 2015, the price nosedived, after which it formed a base. The base was in place from August till now… But there […]
 

Tungsten Corp to Continue Its Bearish Trend

17 Dec 2015 @ 07:40
Tungsten Corp shares (LSE:TUNG) are currently weak, and the weakness is supposed to continue until there is a confirmed bullish trend in the market. Right now, the trend is bearish. In the chart, the ADX period 14 is below the level 30, which means the momentum in the market is not that great. The DM+ […]
 

Daily analysis of major pairs for December 14, 2015

14 Dec 2015 @ 08:52
The EUR/JPY consolidated in the first few trading days of last week, and then traded lower. The lower movement was shallow because the extant bias remains bullish. It is possible that the price would continue trading lower, which may threaten the bullish bias. The only thing that can change this is when the Yen loses […]
 

Weekly Trading Forecasts on Major Pairs (December 14 - 18, 2015)

12 Dec 2015 @ 18:58
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as […]
 

Planning Trades to Control Risk

10 Dec 2015 @ 19:49
The problem with many traders is that they have only half a plan, the easy half. They know how much profit they’re willing to take, but they don’t have the foggiest idea how much they’re willing to lose. They’re like a deer in the headlights, they just freeze and wait to get run over. Their […]
 

Trading Recommendation on Netflix (December 2015 – April 2016)

10 Dec 2015 @ 11:49
Netflix shares (NASDAQ:NFLX) are supposed to continue trending upwards. The uptrend has already started, and it would be sustained till around April 2016. 4 EMAs are used for the analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left side of the […]
 

NZDUSD with a higher high pattern formation at H1 chart

10 Dec 2015 @ 11:32
There is a bullish momentum alive on the Kiwi, because of the RBNZ Monetary Policy Statement posted during the wednesday’s session. Technically, NZDUSD is looking to rally towards the resistance level of 0.6792, where a pullback could happen to test again the daily pivot point level of 0.6685. We should expect a higher high pattern […]
 

Monthly Forecast on Gulf Keystone (December 2015)

10 Dec 2015 @ 11:22
Gulf Keystone stock (LSE:GKP) has been under serious selling pressure in the past several months. Contrary to what some fundamental analysts might be saying, the bearish trend might continue. The price has already broken downwards below the lower Trendline, going further south. The RSI period 14 is below the level 50, showing a strong bearish […]
 
 
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