Technical Analysis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish There is a very strong Bearish Confirmation Pattern on EURUSD. Price went southwards by 100 pips last week (it has gone south by almost 750 pips since April 19). The line at 1.1650 has been tested and breached to the downside, slightly. This week, […]

Tlou Energy shares (LSE:TLOU) are a ranging market, which would preferably be called a lone ranger. The sideways movement will continue for some time, and it would eventually result in a serious breakout. Price made a bullish effort in January 2018, dropped precipitously in February, and began to consolidate. The market has been ranging since […]

Forbidden Technologies shares (LSE:FBT) are currently weak, at least in the short-term. Price went upwards considerably in March and April 2018, and then began to come down at the end of April, and it is currently ranging. The ranging action is a very short-term thing, because a “sell” signal has already been generated in the […]

Daily analysis of USD/CHF for May 21, 2018 USD/CHF The USD/CHF is bullish in the long-term, but neutral in the short-term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, testing the support line at 1.1750. The market went essentially sideways on Thursday and Friday, and may go below the support line at 1.1750, to target another support line at 1.1700. About 250 pips have been lost this […]

Sometimes I get emails from people asking me if I am sure we are in a bear market. No one can be sure because a forecast is based on probabilities. If the probability of a bear market is 80%, there is 20% chance the FTSE 100 is in a bull market. If the FTSE rises […]

Petrel Resources stock (LSE:PET) is not an attractive market at all, and investors are advised to stay away until there is a clear directional movement. The market is quite rough and choppy, having zigzagged so far (in the past few months). Price is currently above the EMA 21 (a false signal), and will go below […]

BT Group shares (LSE:BT.A) has already failed to sustained its recent bullish effort. The market, which was bearish from January 2018 to March 2018, made desperate bullish effort in April, only to give way to bearish pulls. ADX period 14 is above the level 30, showing a strong momentum. DM- is above DM+, meaning that […]

BTCUSD Medium-term Trend: Bearish   Resistance: $8,500, $8,400, $8,300 Support: $7,900, $8,000, $8,100 Yesterday, May 15, the BTCUSD pair traded above the $8,500 price level and, at the same time, the bearish trend line was broken. Secondly, the candlestick also closed on the opposite of the trend line. The price action also showed that the price retouched […]

ETHUSD Medium-term Trend: Ranging Resistance: $760, $750, $740 Support: $700, $710, $720 Yesterday, May 14th the overall trend of Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal […]