Technical Analysis

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 […]

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 […]

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 […]

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 […]

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 […]

“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 […]

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 […]

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 […]