Technical Analysis

The AUDUSD found dynamic resistance at the 200 SMA, and now this pair is forming a bearish pattern below the daily pivot point level of 0.8707. The next target for AUDUSD in the downside would be the support level of 0.8606. However, the AUDUSD could climb back to the resistance level of 0.8707. If the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The EUR is now one of the weakest currencies among the majors, while the USD is the strongest currency among the majors. Hence, the EURUSD dropped sharply again last week, dropping below the resistance line at 1.2550. Further downwards movement may cause the price […]

The EURJPY is consolidating above above the daily pivot point level of 137.31 being the next target the resistance level of 137.74. If the EURJPY manages to make a breakout at that level would be expected to rise to the level of 138.15, which would be an approximation to the 200 SMA on the other […]

As I have explained many times in the past twelve months, the bull market of 2009-2014 is coming to an end.  I have written a number of articles on ADFVN about the impending reversal in global stock markets. Yes, I know there is a large proportion of bulls, I don’t have the exact number but […]

Gulf Keystone stock (LSE:GKP) is still a bear market. The bearish outlook has been strengthened and buyers have often been deceived by false rallies which proved to be bogus signals. The futile bullish attempts have failed to make any significant impact on the market, for the bearish sentiment has overwhelmed the bulls. You cannot make […]

Traveler’s Companies shares (NYSE:TRV) are expected to rally again and become strong for the rest of the year 2014. This has been a strong market for most of this year, plus deep corrections have been followed by nice rallies. For this analysis, the EMA 21 and the Williams’ % Range period 20 are used. The […]

The NZDUSD continues to find strong support at the 0.7746 level on the H1 chart. The NZDUSD is consolidating above the support level of 0.7792, so that the next target would be the resistance level of 0.7845. If the NZDUSD hits a breakout at that level would be expected to rise to the level 0.7884, […]

The EURGBP has found resistance in the 0.7825 level, so this pair is consolidating below the daily pivot point level of 0.8712. The next goal on the downside for the EURGBP is the support level of 0.7795. If this pair manages to make a breakout in that level the next objective would be 0.7782 level. […]

Instrument: AUDJPY Order: Buy Entry date: September 29, 2014 Entry price: 95.417 Stop loss: 94.406 Take profit: 97.407 Instrument: AUDUSD Order: Buy Entry date: September 29, 2014 Entry price: 0.87171 Stop loss: 0.86163 Take profit: 0.89162 Instrument: EURAUD Order: Sell Entry date: September 29, 2014 Entry price: 1.45547 Stop loss: 1.46559 Take profit: 1.43561 Instrument: […]

After some hesitation, the USD/CHF was able to go upwards, breaking the support level at 0.9500 to the upside. With further northward movement, the pair may reach the resistance level at 0.9550. That is the first target for the week. EUR/USD: This currency trading instrument closed at 1.2683 on Friday, September 26, 2014; on a […]