Technical Analysis

The EURGBP has been very strong in the bearish bias in the last hours. This pair is consolidating below the daily pivot point level of 0.7984, so the next target is the support level of 0.7961. If the EURGBP manages to make a breakout at that level would be expected to fall to the level […]

Despite very mixed manufacturing PMI numbers across the Euro Zone this morning and no material sign of unemployment improving, EUR/USD is still determined to test the psychological 1.3700 level which has shown resilience on a couple of occasions so far this year. A wave completion in the coming days has the potential to take the […]

Get prepared for a nice bullish ride on Next stock (LSE:NXT), which may hold out for a few months, bringing satisfactory profits for the buyers. This market has long since been a bull market, punctuated by transitory bearish corrections. The price has already broken above the upper Trendline, closing above it and trending further upwards. […]

Randgold Resources shares (LSE:RRS) were bullish at the beginning of this year, before the market was caught in a 3-month correction which lasted until the end of May 2014. Since the beginning of June 2014, the market has been going upwards, and it is expected to continue doing that for the rest of this year. […]

GOLD (XAUUSD) Dominant Bias: Bullish There is an established bullish bias on this market, with the greater probability that the price would continue going higher. However, there could be some temporary pullbacks along the way, which should not take the price below the demand levels at 1299.00 and 1288.00, so that the bullish bias could […]

The AUDUSD has found resistance at the daily pivot point of 0.9424 and now the pair is trying to consolidate below that level, then fall to the support level of 0.9409. If the Aussie manages to make a breakout at that level, the next target would be the level of 0.9389, where the 200 SMA […]

Since the EUR is strong and the USD is weak, it is no wonder that the EUR/USD pair is making some commendable bullish efforts. Currently, the resistance line at 1.3650 is under siege. The price would break that resistance line to the upside. EUR/USD: This is a bull market, which should continue to be bullish. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is now in an uptrend, though the movement is tardy and shaky. The price has been very volatile as the bulls and the bears fight for control. As a result of the Bullish Confirmation Pattern in the market, it is more likely […]

“Being profitable in the long run with trading, and all investing for that matter, is about cutting losses and letting profits run. Although it’s a hearsay thing of ages, statistical expectancy actually proofs the saying mathematical. It’s not about being right or wrong but handling both profits and losses well.” – Dirk Vandycke Whether you’re […]

The NZDUSD has had a bullish momentum above the daily pivot point level of 0.8719. Now the Kiwi is trying to make a breakout on the resistance level of 0.8769. If successful, it is expected to rise to the level of 0.8796. On the other hand, is expected to fall to the level of 0.8716 […]