05 Aug 2014 @ 09:40
The EURGBP found strong resistance at 0.7980 level and from there, the pair has made corrective movements in the H1 chart. The next target in the bearish road for EURGBP is the support level of 0.7948. If the pair manages to make a breakout at that level would be expected to fall to the level […]
05 Aug 2014 @ 08:50
A NON-DIRECTIONAL TRADING APPROACH “For traders and investors, finding low risk ideas is one of the most important tasks no matter what asset class you trade.” – Gabriel Grammatidis The world of speculation is replete with strategies that are aimed at making profits. The strategies can be ones that follow the lines of the least […]
04 Aug 2014 @ 15:59
The USD/JPY pulled back seriously after testing the supply level at 103.00. For the bullish bias to remain valid, the price must stay above the demand level at 102.00. EUR/USD: This is a bear market in spite of the rally that occurred in the market on Friday, the rally is seen as a good opportunity […]
04 Aug 2014 @ 09:40
The AUDUSD remains robust in the bearish trend, because this pair is below the 200 SMA on the H1 chart. The Aussie is trying to consolidate above the daily pivot point level of 0.9308, being the next target the resistance level of 0.9340. On the other hand, if the AUDUSD manages to make a breakout […]
01 Aug 2014 @ 09:58
The NZDUSD has moved in range in the last hours, finding resistance at the level of 0.8511. The Kiwi is trying to stay above the daily pivot point level of 0.8496, so it is very likely that the NZDUSD try a breakout at the level of 0.8521. If successful, it is expected to rise to […]
01 Aug 2014 @ 08:43
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has been able to continue its southward journey. The price is now going below the resistance line at 1.3400. The resistance line is a war zone between the bulls and the bears, for the price would be making some attempts to breach […]
31 Jul 2014 @ 15:13
“Isn’t the promised reward of greater independence, financial freedom, and life choices worth the risk?” – Louise Bedford Anyone who says trading is easy is telling a lie. Anyone who says success in trading isn’t possible is also telling a lie. Trading is challenging as well as it’s rewarding. The challenges are the blessings that […]
30 Jul 2014 @ 10:14
The EURJPY is currently in a bullish trend rather weak, as this pair is approaching to the 200 SMA. If the EURJPY manages to make a breakout on the resistance level of 137.27, the bullish note could be strengthened in this pair and therefore the pair could rise to the resistance level of 137.44. On […]
29 Jul 2014 @ 13:26
Tangiers Petroleum stock (
LSE:TPET) has dropped like a stone as a result of a sudden weakness in the market. The downward break happened with a huge gap that violated recalcitrant demand zones that would normally be extremely difficult to violate with normal price actions. In the chart, the 4 EMAs that are used have periods […]
29 Jul 2014 @ 13:15
Gulf Keystone shares (
LSE:GKP) are very weak right now. For several months, the price has been unable to go determinedly upwards in spite of desperate efforts by the bulls. Again, the price has broken out below the lower Trendline, while the RSI period 14 has gone below the level 50. While this signifies a ‘sell’ […]