Stock Tipsters

Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength. EUR/USD: This pair […]

The AUDUSD has started the week with a bearish gap below the daily pivot point of 0.8341 level, which could serve as a strong resistance zone in this pair. Now the AUDUSD try to reach that level to fill the gap, but the bearish bias still remains strong in the Aussie, which is likely to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the broke below the line at 1.2400 (which is now a resistance line) led to the strengthening of the bearish bias as price went further downwards, closing below the resistance line at 1.2300. The target for next week […]

The EURJPY has made a pullback on the resistance level of 148.77 in the H1 chart. This pair is making a retracement for the current bullish trend therefore is very likely that the EURJPY finds support at the 147.90 level, where furthermore, this pair could conduct a rebound to climb back up to resistance level […]

“I am adhering to a positive expectancy model and prudent rules of risk management, therefore I have confidence in taking each and every trading signal.” The Relative Strength Index (RSI) – which has many uses – is a popular tool among Forex traders. However, using it in a conventional way mayn’t serve our best interest. […]

Fitbug Holdings shares (LSE:FITB) have risen from a strange base in a determination to go upwards. The base is called a strange base because it was ongoing for many months (an extremely tight consolidation), while price appears as dots in the chart. However, the current upwards breakout signals the end of the tight consolidation. The […]

Gulf Keystone stock (LSE:GKP) is still bearish in outlook and long trades are not currently recommended. The bearish forces that cause the current weakness are present in the market. The insects that devour vegetables live on vegetables. The price is almost below the EMA 21 and the Williams’ % Range period 20 is not that […]

The NZDUSD took a steep drop to the support level of 0.7791 during yesterday’s session. The NZDUSD is trying to form a double bottom pattern on the level of 0.7791, which is very likely to be pair up to where is located the daily pivot point of 0.7850 level, where is located the 200 SMA […]

The EURGBP fell precipitously below the resistance level of 0.7980 and now, this pair is consolidating below the 200 SMA in the H1 chart. This pair has rejected several times by the support level of 0.7922, so the EURGBP could rise to daily pivot point of 0.7946 level. Furthermore, if the EURGBP carries a breakout […]

GOLD (XAUUSD) Dominant Bias: Bullish According to the past historical seasonal trend and cycle, Gold was expected to be bullish around the last Thanksgiving holiday. Instead, Gold price consolidated and later dropped sharply last week – another example of the fact that past event is not indicative of future result. However, this does not mean […]