Technical Analysis

BP stock (NYSE:BP) has broken out to the upside and would continue going further north. We want to buy when the trend is strong and stay aside when it is not strong. When the trend in the market is unclear, one would want to apply some filter so as to avoid bogus indications, which may […]

The EURGBP has moved into low range in recent days, but with a clear bearish bias. This pair is consolidating below the 200 day moving average, after the EURGBP has found resistance at 0.8288 level. If the pair manages to make a breakout in the support level of 0.8242, next target would be the level […]

“We have discovered that in most cases the systems used by the best are relatively simple, based on a limited number of recurring setups that allow the trader to go with the flow of the market created by the “big players.” – Dr. Dariusz Swierk I was thinking of postposing the announcement of the minors […]

Since last week, the Cable has been bullish, and the target for this week is at the distribution territory at 1.6700. EUR/USD: This remains a bear market in spite of its attempt to rally. The rally is simply a good shorting opportunity; for the price would simply go down to test the support line at […]

There are two types of sentiment, first and second degree. 1.    First degree sentiment First degree sentiment occurs after a prolonged stock market move up or down when bullish or bearish sentiment reaches an extreme. Generally speaking in a bull market any advance lasting more than two years could create a first degree in bullish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market: the Euro weakness is clearly noticeable. With the Bearish Confirmation Pattern in the market, it is normally expected that the trend would continue going downwards, breaking the support line at 1.3700, and reaching the ultimate target at 1.3650. The […]

“Everyone is following the economy, but I’m following the market.” – Joe Granville There are those who invest successfully using only fundamental figures, and there those who successfully trade using only technical analysis. There are those who combine the two types of analyses and make money. Nevertheless, I can see that many investors believe so […]

Nokia shares (NYSE:NOK) have been bearish: they are expected to dive further southward as confirmed by the technical analysis signal below. Occasional rallies have been followed by further southward moves. The market tempts the bull to think that the bearish era is over, only to correct lower. It is like giving food to charity and […]

Gulf Keystone (LSE:GKP) is now a bear market. The stock has been bearish since the beginning of this year. The ADX period 14 is above the level 50, showing a strong trend in the market. In addition, the DM+ is vividly above the DM-, meaning that the sellers have the upper hands. The MACD (default […]

The AUD/USD is stable in the current bullish trend. This pair is forming a bullish pattern above the pivot point at the level of 0.9153. If the pair manages to make a breakout on the resistance level of 0.9186, next target would be the level of 0.9208. On the other hand, if the aussie manages […]