28 Jul 2014 @ 12:10
Last week, the EURGBP found resistance near the 0.7935 level and now the pair is consolidating below the daily pivot point level of 0.7915. The next target for the bearish EURGBP road is the support level of 0.7898. If the pair manages to make a breakout at that level would be expected to fall to […]
25 Jul 2014 @ 19:01
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has dropped by over 140 pips since last week, testing the support line at 1.3450. The price has tried to bounce upwards from that support line, but the upward bounce is weak. It is still expected that the price would test the […]
25 Jul 2014 @ 15:39
The AUDUSD is trying to find support at the 200 day moving average, which is close to the support level of 0.9398. If the Aussie manages to make a breakout at that level, the next target would be the support level of 0.9376. On the other hand, if the AUDUSD manages to make a breakout […]
24 Jul 2014 @ 17:55
“The vast majority of “rich” people I’ve known have accumulated wealth as a result of taking risks, working very hard, and spending and investing their money wisely over time.” – Joe Ross Snake-oil vendors promise you that your account would double every month and you can often win 55 trades successively. You’re blown off. After […]
23 Jul 2014 @ 14:24
The NZDUSD has been trying to regain positions above the daily pivot point level of 0.8671, so the pair could rise to the resistance level of 0.8691. For now, the Kiwi is likely to try a breakout resistance at that level. If successful, it is expected to rise to the level of 0.8715, where the […]
23 Jul 2014 @ 01:21
Petropavlovsk shares (
LSE:POG) are a very weak market and it is expected to continue crashing to the floor. The next targets for the bears are located at the support levels of 32.00, 31.00 and 30.00. In the chart, the price is trying to effect a weak rally, which is a normal thing in a strongly […]
23 Jul 2014 @ 00:54
Angle stock (
LSE:AGL) is a bear market, having been caught in a long-term bearish outlook. Granted, there would be occasional short-term rallies, which would be followed by the continuation of the bear market. The ADX period 14 is around the level 20, showing that the market is currently without momentum. But momentum would soon return […]
22 Jul 2014 @ 08:44
GOLD (XAUUSD) Dominant Bias: Bearish Gold experienced a massive sell-off last week, which rendered the recent bullish bias completely invalid in the market. The market has been very volatile since then, with short-lived victories that are alternated between the bull and the bear. In this kind of market, a wide stop is recommended; plus the […]
21 Jul 2014 @ 08:41
The USD/CHF made an effort to test the great resistance level at 0.9000, and the price got retraced after this was done. The market tested that resistance level several weeks ago, but it was unable to break it to the upside. There is now a need to break the resistance level to the upside, so […]
21 Jul 2014 @ 08:40
The EURJPY is finding support on the daily pivot point level of 137.00, so this pair could be strengthened in the bullish trend. However, the next target for the EURJPY is the resistance level of 137.37. If the pair manages to make a breakout at that level would be expected to rise to the level […]