Technical Analysis

The NZD/USD has fallen in the last hours. The NZD/USD remains very strong in the current bearish bias after the pair has found resistance at 0.8690 level. Now this pair is trying to consolidate below the 200 SMA. If successful, it is expected to fall to the support level of 0.8595. On the other hand, […]

This space is normally devoted to commentary on one or more companies’ share price. Today it is about exposing what may be the biggest scandal ever to hit stock exchanges around the world. The problem in the U.S. is so  bad that the FBI is now investigating the massive fraud being perpetrated on U.S. investors. […]

ADVFN shares (LSE:AFN) are bearish: they may go further south until they reach the low at 2.50. Should that low (demand level) succeed in checking further bearish move, the shares may bounce upwards from there. Someone says bull markets are fun. I say bear markets are also fun, aren’t they? In bear market, short-sellers can […]

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 […]