Technical Analysis

EURUSD = Sell EURCAD = Sell EURAUD = Sell EURNZD = Sell EURJPY = Sell EURCHF = Sell EURGBP = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

This week, the event on the EUR/JPY cross would largely be determined by the strength in the EUR itself. Should EUR continue to maintain its stamina, the cross would continue its bullish journey, testing the supply zones at 136.00 and 136.50. Any significant weakness in the EUR would cause the cross to plummet. EUR/USD: This […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair made further bullish attempt last week, though the bears are trying hard to frustrate the attempts. The price is now above the support line at 1.1150. There are other support lines at 1.1100 and 1.1050, which should act in support of the […]

This pair is trading very lower and at the H1 chart, it’s consolidating inside a strong bearish path, which could do more extensions to reach new lows. The 200 SMA on this timeframe is above the current price of EURGBP and also, it’s forming a lower low pattern, looking to break the support at 0.7245, […]

The S&P 500 fell by -0.45% on Wednesday, taking the index to 2,080 as a broad market sell off ensued on Wall Street. Losses came as Head of the Fed, Janet Yellen, gave a speech at the Institute for New Economic Thinking’s Finance & Society Conference, questioning the current valuation of US equities. Yellen made […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 4 “It is easier to make money if you start with a good mentor: but mentors that make millions on their own and still accept to teach are really few in the industry.” – Dr. Emilio Tomasini Name: Martin Zweig Date of Birth: July 2, 1942, […]

TomCo Energy shares (LSE:TOM) are expected to experience a breakout to the upside, which may happen this week or next. The volatile market has been making shallow but protracted bearish attempt, but there would soon be a breakout to the upside. The ADX period 14 is not above the level 30, meaning that the momentum […]

New World Oil stock (LSE:NEW) has shown that a new trading opportunity would inevitably be generated soon, based on the current price action. This is an attractive market indeed. For several months, the stock has been trending downwards, while also consolidating to the downside. The price is now under the EMA 21 and the Williams’ […]

EURJPY is finding a way to ride the current bullish bias in the short term, as the pair remains trading above the 200 SMA. Currently, we could expect a price action formation in favor of this outlook, as the EURJPY could find a strong support at the 133.48 level. If the pair does a breakout […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been a highly volatile market, with upswings alternated by downswings. In spite of this high volatility, the bias remains bearish and the price has a high probability of going further south, reaching the support levels at 1160.00 and 1150.00 this month. However, this would not happen without visible […]