Technical Analysis

AUDCAD: BUY The AUDCAD cross is currently in an equilibrium zone. But when a breakout does occur, as it normally would happen, the price is expected to move in a further bullish mode. There is a notion that the Lonnie would soon gain a measure of strength against the Aussie, as buyers are whetting their […]

Here are the latest extracts from Zak’s new premium blog AIM Stocks Charting It stars the likes of Chariot Oil & Gas (LSE:CHAR) / Gulf Keystone (LSE:GKP) and Xcite Energy (XEL). Range Resources (LSE:RRL): 3p – 4p Wedge Pattern Range Resources remains one of the most speculative and speculated situations around in terms of companies […]

Since December 2012, Centamin (LSE:CEY) has been journeying upwards. If one was cautious of the bullish pressure then, the bias has now been confirmed. It is surprising that someone would still call short trades in this type of market. Is it normal to sell after the market has assumed this kind of bias? One’s relatives […]

Blinkx shares (LSE:BLNX) are now at a significant demand level, where the price has gone out balance in favor of buyers. The bull now has the power, for the price is ready to continue its northward move (having broken out of the recent equilibrium zone). The bear dares not challenge the bull at this moment. […]

EURUSD Primary trend: Bearish Recently, the EURUSD started to experience a kind of negligible reversal in the market. But this seemingly negligible reversal has turned out to be significant enough to render the major bullish outlook useless. Based on what is happening on the chart, long trades are no more useful on this market: short […]

USDCAD: SELL The USDCAD market is currently determined to move southward as the analysis here shows. Following a medium term rally in the month of January 2013, the market began to drop last week – something that was serious enough to cause the price to move below the EMA 56 and closed under it. Around […]

What is the major outlook on the Pound Sterling versus the Euro (FX:GBPEUR)? The major outlook is bearish, and apparently there is no way around this bias, for the bear is in power and the bull is morbidly fearful. The fear of the wolf is what will kill the dog. The downwards trendlines show a […]

Empyrean shares (LSE:EME) are not really empyrean right now. They are bound to go southward – something that the misguided bull does not want to hear. It is not an insult to say: “I know how my acquaintance behaves.” I once said the shares should be dumped! But I think it could be shorted for […]

As I write, the self styled top chartist in the UK,  Zak Mir is seeking assistance from his five year old to spell the long words correctly as he puts the finishing touches to a new report: “The Ten cheapest oil and mining stocks on AIM to buy Today.” God knows, there are enough of […]

EURUSD Primary trend: Bullish The EURUSD was able to break out of its recalcitrant equilibrium zone and traded upwards. The indicators on the chart are now pointing to upwards an upward determination. Having moved by over 100 pips after coming out of its equilibrium zone, the price might reach the resistance lines at 1.3700 and […]