Technical Analysis

The EUR/JPY is trying to consolidate above the 200 SMA. This pair has made a rebound on the pivot point level of 138.94, which allowed that EUR/JPY has made a breakout on the resistance level of 139.19. If the pair manages to make a breakout at the level of 139.31, the next target would be […]

Instrument: USDJPY Order: Sell Entry date: May 26, 2014 Entry price: 101.932 Stop loss: 102.944 Take profit: 99.944 Instrument: AUDJPY Order: Sell Entry date: May 26, 2014 Entry price: 94.185 Stop loss: 95.185 Take profit: 92.184 Instrument: CADJPY Order: Sell Entry date: May 26, 2014 Entry price: 93.839 Stop loss: 94.866 Take profit: 91.866 Instrument: […]

The situation on the USD/CHF is now getting interesting. After a long period of siege and repeated bullish attacks, the price managed to close above the support level of 0.8950. For the bullish victory to continue, the price needs to move towards the resistance level at 0.9000. EUR/USD: After much determined effort on the side […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The dominant bias on the EUR/USD has been bearish for most part of this month. However, the adamant and obdurate support line at 1.3650 has been a major headache to the bears. As a result of this, the southward journey has been limited, e.g. […]

“We’ve seen plenty of traders over the years make huge returns on their accounts, well over 1000 per cent in a relatively short period of time, but as soon as they hit a drawdown period they just as quickly give it all back. This is because they were trading well beyond risk limits in the […]

The outlook remains bearish in the NZD/USD as this pair is below the 200 SMA in the hourly chart. The NZD/USD is trying to form a bullish pattern above the pivot point level of 0.8571. If the pair manages to make a breakout on the resistance level of 0.8603, next target would be the resistance […]

Tower Resources shares (LSE:TRP) are a very weak market – a bad market for the bulls. Nevertheless, it is a good market for the bears, who are currently smiling to their banks. It would be a bad decision to go long on this kind of market. Some people know the decisions they want to make […]

Bowleven stock (LSE:BLVN) has been in a long-term downtrend, with the inability to move significantly upwards. Someone who went short last year would have made some easy money. Even novice traders make money when there is a sustained bias that holds out very long. In the chart, 4 EMAs are used. They are EMAs 10, […]

The EUR/GBP remains very strong in the current bearish trend. This pair has found resistance below 0.8160 level and now, the EUR/GBP is trying to make a breakout to the pivot point level of 0.8149. However, this pair could rise to the resistance level of 0.8160, because the EUR/GBP is currently supported by a bullish […]

Instrument: USDJPY Order: Buy Entry date: May 19, 2014 Entry price: 101.425 Stop loss: 100.429 Take profit: 103.429 Instrument: AUDJPY Order: Buy Entry date: May 19, 2014 Entry price: 94.614 Stop loss: 93.594 Take profit: 96.594 Instrument: CADJPY Order: Buy Entry date: May 19, 2014 Entry price: 93.315 Stop loss: 92.301 Take profit: 95.301 Instrument: […]