Technical Analysis

In the months of May and June, 2013, Summit Corps shares (LSE:SUMM) succeeded in rejecting further bearish threats in the market, hence the currently new Bullish Confirmation Pattern on the chart. It looks sensible to seek long trades now. The cause of the Bullish Confirmation Pattern are the price action (the price has jumped upwards […]

The EURUSD continues falling and breaking supports on the road, however, keep in mind that the EURUSD could change the trend, although this is not certain. The EURUSD is forming a lower high pattern above support at the 1.2981 level, if the pair manages to break this support, it is expected to fall to the […]

The Aussie continues to fall and its bearish trend continues to strengthen with the passage of time and the start of the new semester. AUDUSD is forming a higher low pattern over the support at the level of 0.9117. In yesterday’s session, the pair made ​​a bullish rebound at the support and this is approaching […]

It is well-known that events move the markets, and that what relevant personalities say (for example, central bank governors/presidents) have short-term or long-term impacts on the markets. This remains a fact, and it has affected the markets in recent times. Looking at the popular currency instruments, they have continued to go in the direction of […]

This pair continues in a strong bearish trend and it is expected to fall further this week. However, we must be very aware. The EURUSD continues forming a higher low pattern below the 200 day moving average and above the support at the 1.2992 level. If the pair manages to break this support, it is […]

Being super sure of your trading setup is also not a guarantee that the trade would go in your favor. In addition, you sometimes make money fast and you make money slowly. Sometimes, you stay on the defensive for a long time, no matter how good your trading may be. EURUSD isn’t the best pair […]

Pound Sterling – it was a mixed week for the Pound as it began the week down against the US Dollar as it declined to its lowest-level in more than two weeks ahead of the sale of UK government bonds. Against the Euro, Sterling weakened for the first time in three days. On Tuesday it advanced […]

The loonie continues to strengthen its bullish trend, however, is quite possible that this consolidation movements do to move forward. USDCAD is forming a lower high pattern below the resistance level of 1.0524. If the pair manages to break this resistance, it is expected to rise to 1.0600 psychological level. On the other hand, if […]

The EURUSD continues to develop its bearish trend in the medium term. The formation of bearish patterns will be important to continue to consolidate in the current trend. This pair is forming a higher low pattern below the 200 day moving average and above the support at the 1.3048 level. If the EURUSD manages to […]

Bowleven shares (LSE:BLVN) are what I couldn’t risk my neck on. This is because the shares are not favorable to buyers, except sellers. The shares hit the yearly high in March 2013, testing the distribution territory at 100.00. From that territory, the price dropped seriously and consolidated around the latter part of May 2013. In […]