Technology

AUS200 Dominant bias: Bullish AUS200 declined last month, reaching a high of 5393.0 and a low of 5040.0. That southwards movement threatened the bullish outlook on the market, but the recovery that was witnessed in the last several days of June has upheld bulls’ domination. Price is expected to trend further northward this month, reaching […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold moved upwards by over 12400 pips last month, and price reached a high of 1358.21 that month. There is a Bullish Confirmation Pattern in 4-hour, daily and weekly charts, so it is not advisable to open short trades in the market. Any bearish attempts the market makes ought to […]

Cloudbou shares (LSE:CBUY) are now in a major downtrend, which is expected to continue. Price went downwards in January/February 2016, and went upwards in March/April. Nonetheless, price has been coming down since May till now. The ADX period 14 is at the level 60, showing a strong bearish momentum in the market. The DM- is […]

Taylor Wimpey stock (LSE:TW.) is a falling knife, having dropped like a stone last week. The market has been volatile since then…. And recovery is possible. Yes, the market is really a falling knife. Price is below the EMA 21, and the Williams’ % Range period 20 is in the oversold territory. Prior to the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair tested the resistance line at 1.1400, and went above it briefly. Price could not stay above that resistance line: It tumbled by 500 pips before a 200-pip bullish correction occurred on Friday. The bias is bearish, and further bearish movement is possible, […]

GBP Pairs GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = Buy JPY Pairs USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = Buy NB: Every trade could be entered with a stop […]

Photo-me Internationl shares (LSE:PHTM) currently have a false “buy” signal on them. The condition in the market is not yet ripe for long trades, unless future developments justify it. In the 4-hour chart, the ADX period 14 is not above the level 20, showing a lack of momentum in the market. The DM+ is below […]

Legendary Investments stock (LSE:LEG) is about to perform better than the bullish run we saw in April 2016. The market has been in a trending mode since February 2016, though last month has been characterized by a bearish correction. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. […]

Nanoco shares (LSE:NANO) are supposed to experience a stormy decline, following a breakout from the currency base, which is an equilibrium phase. The market has entered an equilibrium phase since February 2016. The more the equilibrium phase holds out, the more the possibility of a stronger breakout. A closer look at the RSI period 14 […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 10 “There’s no way to start a business without being bad at those things. People who are good, are good because they spent ten years being bad. Note: You have to love being incompetent in order to be competent.” – James Altucher Name: Alfred Jones […]