Technical Analysis

Note: All the trades below were entered on August 25, 2014. If you’d trade the signals, they mustn’t be entered later than 7.00 AM GMT on August 26, 2014. Gap trading offers unique trading opportunities when they happen on hourly charts and on many currency pairs and crosses simultaneously. In the year 2011, there were […]

The USD/JPY has already tested the supply level at 104.00. Should that supply level gets breached to the upside, the next target in the chart would be the supply level at 104.50. EUR/USD: This pair has been able to continue its southward journey. As it was accurately forecasted, the last rally in the market proffered […]

The AUDUSD encountered resistance near to the 0.9331 level, so now, this pair is consolidating below the 200-day moving average.  If the AUDUSD manages to make a breakout at the support level of 0.9295, it would be expected to fall to the level of 0.9275. However, this pair could perform a rebound at current levels […]

The EURJPY remains above the support level of 137.77, which is a daily pivot point. If the EURJPY manages to make a breakout at the resistance level of 138.08, expected to that rise to the level of 138.25. However, it is likely that this pair will start to be a retracement to the support level […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has been able to maintain its bearish bias. In this kind of market, any rallies would proffer opportunities to sell short. Therefore, the current rally may be another short-selling opportunity, provided that it does not go above the resistance line at 1.3350. […]

“No methodology will work unless you are able to develop the proper mindset to follow it.” – Dave Landry The world of trading is full of things that work and things that don’t work. To be honest, there are many successful traders who’re also teaching people how to become successful. There are many signals providers […]

The bullish attempt on Kea Petroleum stock (LSE:KEA) came to an abrupt end as the price gaps down massively. This has led to a new Bearish Confirmation Pattern in the chart. Following the strong gap-down, the ADX period 14 goes towards the level 50, showing that the current bias is strong. The DM- just crossed […]

Maple Energy shares (LSE:MPLE) have been in a long-term bearish trend. Short-term sellers have made huge gains and would continue to make more money as the bearish trend continues. The EMA 21 shows that the market is in a long-term downtrend, while the Williams’ % Range has perpetually been in the oversold territory. This has […]

Sentiment is still bullish and stock markets rallied further on positive news. Markets were lifted by strong US housing starts and building permits on Tuesday, and strong earnings from Dow component Home Depot. Investors are focusing on the economy and earnings instead of geopolitical concerns, however, the situation in Iraq and Ukraine is volatile and […]

The NZDUSD is trying to consolidate below the moving average of 200. The Kiwi has made a breakout in the support level of 0.8463 and now, this pair is trying to drop down to the next level in 0.8430. It is likely that the NZDUSD start to perform corretive movements at that level, since this […]