Technical Analysis

In the yesterday session, the EURUSD was very bullish, approaching to the SMA 200 and strengthening its overall bullish trend. EURUSD is forming a lower high pattern, the resistance below the level of 1.3070. If the EURUSD manages to break this resistance, it is expected to rise to the level of 1.3130. Recall that near […]

Because of the weakness on the Greenback, the EURUSD and the GBPUSD have been bullish, whereas the USDCHF has been bearish. This outlook may be valid for the next several trading days. The JPY pairs also have the potential to maintain their extant outlook. EURUSD Primary trend: Bullish There is a bullish indication on the […]

The GBPUSD is trying to resume the bullish trend, but strong resistances are preventing it. The GBPUSD failed to break the resistance level at 1.5155 and now is trying to climb up to the resistance level at 1.5257, a strong resistance in the way. We should note that if the GBPUSD manages to break this […]

Great traders are made, not born. Does age have to do with successful trading? Well, experienced traders tend to be older than inexperienced traders. Analyses of different pairs and crosses would help the trader gain the overall insight into what is really happening in the markets. For example, all JPY pairs tend to be positively […]

Stock market rallies may come and go, but in the recent past it has been only one way for the big banks as far as their share prices are concerned, and that is to the upside. This is hardly surprising given that the Government not only bailed them out after they gambled on the financial […]

Pound Sterling – With UK markets closed for a national holiday it was a slow start to the week for the Pound. Although Sterling went on to weaken against the US Dollar as UK retail sales dropped to a 16-month low, it was able to recoup losses as separate reports showed a surge in British house […]

In the yesterday’s session, EURUSD was very bullish, breaking major resistance levels on the way, which drastically changed the general trend of this pair. Finally, the EURUSD broke again the resistance at 1.3000 psychological level, after remaining in a range between 1.2950 and 1.2800. Now, the EURUSD is forming a lower high pattern, in order […]

In yesterday’s session, the USDJPY was bearish and is now trying to break important supports. The USDJPY is trying to break the support at the 100.41 level, risking their bullish trend in the short term. If the USDJPY breaks that support, is expected to fall to the level of 99.50. On the other hand, it […]

In spite of the recent downtrend and the current turbulent volatility in the market, Leyshon Resources (LSE:LRL) is going north. The price had already been making some northward attempt in this month, before it gapped upward earlier this week. Whether the gap is filled or not, there is a northward determination in the market. Here, […]

Randgold Resources (LSE:RRS) has been in a clear downtrend. From the year 2012; and so far in this year, this statement has been true. Any rallies have proven to be short-term in nature, giving nice opportunities to go short at dearer prices. It can be seen that the EMA 21 has long been sloping downwards […]