Technical Analysis

Stock markets rallied near previous highs but so far key resistance levels are intact and yesterday the S&P turned down to close near the previous day low. The FTSE is trading lower, it would appear that the trend has turned down. It also appears that there is no appetite to push the markets higher, disappointing […]

Blinkx stock (LSE:BLNX) is a bear market and the bears are happy as they follow the downward trend. The price has been falling since the beginning of the year 2014. In recent times, the price has been consolidating, while it is clear that further upward push is being rejected. The price could continue trending further […]

The recent strong bullish engulfing candle in Xcite Energy market (LSE:XEL) is a classic example of a false breakout which traps buyers as it appears the price is going towards the sky. The price may later retrace downwards. One strong bullish candle does not make a bullish trend, but having a series of candles with […]

The AUD/USD is very strong in the current bullish trend, so this pair is expected to continue to make bullish for the rest of the week movements. The aussie is forming a bullish pattern above the pivot point level of 0.9329. The next target for this pair is the resistance level of 0.9388. If AUD/USD […]

The EURJPY is making a bearish rebound in 200 SMA. This pair is making a corrective movement in its current bearish trend, so it is very likely that the EURJPY consolidate below the pivot point level of 141.61. If the pair manages to make a breakout in the support level of 141.38, the next target […]

Instrument: USDJPY Order: Buy Entry date: May 5, 2014 Entry price: 102.153 Stop loss: 101.132 Take profit: 104.132 Instrument: AUDJPY Order: Buy Entry date: May 5, 2014 Entry price: 94.746 Stop loss: 93.709 Take profit: 96.709 Instrument: CADJPY Order: Buy Entry date: May 5, 2014 Entry price: 93.264 Stop loss: 92.224 Take profit: 95.224 Instrument: […]

The Cable remains a bull market. The distribution territory at 1.6900 would soon be breached to the upside. EUR/USD: This is a bull market in spite of the volatile movement that was experienced last Friday. The support lines at 1.3850 and 1.3800 would proffer some difficulties for the bears, especially when they try to push […]

At the UK Investor Show I was asked the question: “Why do a large proportion of people who trade lose money?” When taken in context against investing for the long term, short-term or intraday traders are more likely to lose money, but there is a small group of traders who consistently make money from the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In order to generate optimal profits, some tact is required in handling the market. This is a bull market but the bias is not very strong. The tug of war between the bull and the bear has resulted in serious upswings and downswings in […]

“You’re battling your fear, your greed, your hope. All those human emotions are your challenge.” Forex trading is as rewarding as it’s challenging. For those who’ve mastered the art of trading, it’s an unlimited ATM machine. However, certain conditions must be met before the ATM machine can be unlocked. According to one writer, you don’t […]