Technical Analysis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair is bearish in the short-term, for price went southwards throughout last week, moving downwards from the resistance line at 1.2450, and nearly touching the support line at 1.2200. The support line would be breached to the downside, as other support lines at […]

FTSE 120 stock (FTSE:MCX) is a weak market, having plunged seriously in January and February 2018. The market is supposed to continue its bearishness this year. The market has gone below the EMA 21 and the Williams’ % Range period 20 is constantly in the oversold region. There is a strong Bearish Confirmation Pattern in […]

Twitter shares (NYSE:TWTR) is a bull market. For the past several months, price was going upwards in a slow and steady manner, prior to the current gap-up in the market, which has resulted in a strong bullish outlook. The gap-up has triggered a bullish bias, which ought to continue in spite of the current pullback […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the short-term, and bullish in the long-term. The second half of December 2017 was very bullish, and the bullishness continued last month. On February 2, price dropped sharply, bringing about a short-term bearish signal. In spite of effort to push price upwards on February 5, bears […]

The USD/JPY is bearish in the long-term, but bullish in the short-term. Since the demand level at 108.50 was tested last week, price has rallied by 180 pips, closing above the demand level at 110.00 on Friday. The outlook on JPY pairs is bullish for this week, and thus, the USD/JPY is expected to rally […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair did nothing significant last week: It only moved sideways. However, the bullish bias on the market has been maintained because bulls have been able to their own weight, and when a breakout occurs, it would take price above the resistance lines at […]

Paypal Holdings shares (NASDAQ: PYPL) are in a bullish mode, despite the recent pullback. Price is expected to rise up again to continue the extant bullishness in the market, as the analysis below shows. Price is essentially above the upper Trendline – even able to stay above the upper Trendline irrespective of recent pullback. The […]

Tesla Inc. stock (NASDAQ:TSLA) is currently bullish, though the recent market condition is quite choppy. Price is supposed to go upwards, which see. 4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the […]

Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This week, EURUSD assumed one of its strongest movements in recent times. Since December 18, 2017, price has gained 800 pips. It gained almost 600 pips in January 2108, and over 300 pips last week, almost reaching the resistance line at 1.2550 (and pulling […]