25 Mar 2014 @ 10:10
Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold is now a bear market. It started trending downwards last week. The precious metal topped at the resistance level of 1392.00, and since then, the price has dropped by a significant amount of points. There is now a Bearish Confirmation […]
24 Mar 2014 @ 13:52
The USD/JPY went bullish last week, closing at 102.25. For the bullish outlook not to become invalid this week, the price must stay above the demand level at 102.00. EUR/USD: This is a bear market. The price fell last week, touching the support line at 1.3750; and from that point, the price bounced upwards by […]
22 Mar 2014 @ 01:27
There is something noticeably unusual happening with UK supermarkets – a phenomenon not seen for years. All major supermarkets quoted in London namely Sainsbury, Tesco and Morrison are down sharply this year. Sainsbury’s decline started in November 2013, Tesco’s decline started in April 2013 and Morrison’s decline started in January 2012. Morrison is the worst […]
21 Mar 2014 @ 21:20
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish It should be noted that the surge of strength in the Greenback has resulted in new dominant biases in the markets. This pair has been forced to show a Bearish Confirmation Pattern on it (the GBP/USD has also gone bearish), while the USD/CHF has […]
20 Mar 2014 @ 18:42
“Only execute the trade when the chart matches your plan, if it doesn’t – no trade.” – Gavin Knoesen Intelligent speculation includes some salient aspects like opening of trades, trade management, emotions control and strategy optimization. There is no way around the fact that these salient aspects can never be avoided by active traders, but […]
19 Mar 2014 @ 14:03
The EUR/GBP remains strong in the bullish bias. This pair has consolidated above the support level of 0.8385, which is a fairly significant level because it is a pivot point. If the EUR/GBP manages to make a breakout on the resistance level of 0.8410, next target would be the level of 0.8423. On the other […]
18 Mar 2014 @ 19:28
HSBC (
LSE:HSBA) is a bear market and it would continue going downwards for as long as the selling pressure continues, even when speculators think market would reverse. The quondam bias testifies to this. Past rallies have been punctuated by sharp drops in the price. Every bias requires those who think it would end quickly, so […]
18 Mar 2014 @ 19:13
Since the upwards breakout in early February 2014, Exxon Mobil (NYSE:XON) has assumed a bullish bias, with the probability of going further north. The price broke out from the Trendlines, closing above the upper Trendline and trending further north. Now, it is consolidating to the downside. The price may keep on going northward, or it […]
18 Mar 2014 @ 12:39
EUR/JPY is trying to define its intraday trend, as this pair remains amid the 200 SMA. This pair is trying to make a bullish consolidation above the 200 SMA. However, the EUR/JPY has made bearish rebounds at this level, so it is likely that this pair fall to the pivot point at the level of […]
18 Mar 2014 @ 09:52
Instrument: USDJPY Order: Sell Entry date: March 17, 2014 Entry price: 101.798 Stop loss: 102.806 Take profit: 99.806 Instrument: AUDJPY Order: Sell Entry date: March 17, 2014 Entry price: 92.478 Stop loss: 92.524 Take profit: 90.524 Instrument: CADJPY Order: Sell Entry date: March 17, 2014 Entry price: 90.026 Stop loss: 93.037 Take profit: 90.037 Instrument: […]