Technical Analysis

The Ebay shares (NASDAQ:EBAY) are experiencing upswings followed by downswings, but the price may go upwards determinedly this year. In the chart, the price broke up from the Trendlines (January 2014), spiked upwards, and then got corrected lower. The lower correction is therefore going into the Trendlines again, but it would not go below the […]

Gulf Keystone stock (LSE:GKP) has been going south, though it is not likely that it would go below the support zone at 150.00, which is a target for the bears.   There has been a ‘Death Cross’ in the chart as the price crossed the EMA 200 to the downside. The EMA 10 has also […]

The AUD/USD has started the Asian session with a strong bullish momentum after the publication of the NAB business confidence index, which has scored a total of 6. Now, the aussie is consolidating above the pivot point at the level of 0.8725 and now this pair aims bullish resistance at the 0.8773 level. If the […]

At the start of the Asian session, the kiwi found strong support at the level of 0.8218, which is close to the pivot point at the level of 0.8230. This pair is within a range of a lot of indecision, as the intraday trend is not clearly defined. The nearest resistance is at the level […]

Instrument: USDJPY Order: Sell Entry date: January 27, 2014 Entry price: 102.620 Stop loss: 103.624 Take profit: 100.624 Instrument: AUDJPY Order: Sell Entry date: January 27, 2014 Entry price: 87.774 Stop loss: 90.778 Take profit: 87.778 Instrument: CADJPY Order: Sell Entry date: January 27, 2014 Entry price: 92.330 Stop loss: 93.345 Take profit: 90.345 Instrument: […]

EUR/JPY has recovered slightly from the fall it had last Friday’s session. Now this pair is approaching the pivot point at the level of 140.48 in the today’s Asia session. If the pair manages to make a breakout at that level, the following objectives would be set at levels of 141.22 and 142.49, the latter […]

AUD/USD continues to fall below the 200 day moving average, but with a strong support level of 0.8662 This pair has formed a fractal above the pivot point at the 0.8705 level, which would make this a very strong level. If the aussie manages to break that resistance level, the next bullish target would be […]

Last week was very interesting in the markets because there were significant reversals. For example, the EUR/JPY, which has long been in an equilibrium zone, was able to break out in the direction of the bears. The new biases would continue to be valid for this week. EUR/USD: This pair was able to shrug off […]

There have been interesting developments in the markets as currency trading instruments experience significant reversals. For example, the EURJPY was able to break out in the direction of the bears, after some protracted consolidation phase. The price went below the supply zone of 140.00, and it is expected to continue going down further. EURUSD Dominant […]

Some disappointing news from China yesterday was the catalyst behind the decline. Chinese manufacturing is in contraction and the news from the US was not better. US manufacturing PMI came in lower than expected. This reminded investors that the December job report may not have been an accident after all. While the reaction was normal, […]