Technical Analysis

Sentiment appears to be changing from bullish to bearish. The e-Yield Sentiment Indicator (ESI) moved to neutral after one of its components, the BTI, turned down yesterday. Sometimes the BTI will be down for a day or two then it will turn up again, this is what I call a false signal. To avoid false […]

The EURJPY has almost challenged the high of 138.00, which is a very strong supply zone. The price has been corrected downwards from that supply zone, although the dominant bias remains bullish. EURUSD: In spite of the visible consolidation in the market, the bullish propensity on the market is a valid thing. The price is […]

The EUR/JPY found a fairly strong monthly resistance level, which could curb future increases in this pair, for the remainder of November. This pair has found resistance at the 137.76 level, a fairly hefty monthly pivot levels and therefore is very likely that the EUR/JPY remains below this level for the rest of the month, […]

It is expected that Gulf Keystone (LSE:GKP) would experience further consolidation and subsequent downtrend in the month of December 2013. Any rally here – as it is currently happening – would be short-term in nature as well as giving the bears a wonderful opportunity to sell short at better prices. You can see that the […]

Publishing Technology shares (LSE:PTO) have been trending lower significantly in recent times, and it is expected to crash further. The price hit a strong supply zone in October 2013, following a gap-down in the market. Since then, it has been trending downwards. Here, 4 EMAs are used. They are EMAs 10, 20, 50 and 200. […]

The conditions on the market are favorable to trend-followers, especially in the face of new signals and directional movements that are currently happening. For instance, the USDCHF has assumed a strong southward bias and the price could reach the support level of 0.9000 this week. EURUSD: The EURUSD has assumed a strong northward bias and […]

The AUD/USD had a fairly bearish week in which this pair was able to consolidate a strong bearish trend in big charts as the daily chart. The aussie managed to fall to the weekly support level of 0.9175. Now, it is very likely that this pair begin to form a higher low pattern near this […]

LEARN FROM GENERALS OF THE MARKETS – PART 41 “What you do not believe, you can never become.” Born in June 11, 1956, Steven A. Cohen is an American funds manager. He grew up in New York, where his parents worked. He began to play poker while still in high school – something that could’ve […]

Mariana Resources (LSE:MARL) which broke northward in a significant mode at the beginning of November 2013, is currently being pulled back. This is a good opportunity for the bulls to go long at cheaper prices. Here, the ADX period 14 is sloping above the level 50 (signifying a very strong bias), while the DM+ is […]

Beacon Hill Resources (LSE:BHR) can be sold at 0.80 and later exited at 0.20 in what could potentially be a profitable short trade. The long-term bias is downwards and the bulls are too weak to effect any meaningful changes, until further notice. The price has been trending downwards for several months, breaking new lows, even […]