01 Aug 2020 @ 20:51
Trading is a highly competitive human endeavor, but it is also highly rewarding. The financial markets can adeptly be compared to a battlefield; therefore a trading room can be likened to “a war room,” where you engage the markets. Victorious soldiers of the financial markets are those who make average gains that are bigger than […]
24 Jun 2020 @ 16:48
GBPJPY Price Analysis – June 21 In the last session, the GBPJPY cross lost some extra ground and slipped to new monthly lows while staying beneath the 132.00 level. The collapse was supported by the strongly offered tone encircling the British pound which accompanied the last session’s policy decision by the Bank of England (BoE). […]
08 Jun 2020 @ 18:53
Standard Chartered shares (
LSE:STAN) have broken the previous supply zones at 460.00, 450.00 and 440.00 to the upside, and those supply zones are now demand zones. The market ranged between March and May 2020, having trended downwards prior to that. Price then broke upwards, trending above the upper Trendline and closing above it. The RSI […]
24 Apr 2020 @ 20:38
HSBC Holdings stock (
LSE:HSBA) has stayed weak because buyers seem not to be interested in getting seriously active. Following a largely consolidating movement that occurred between November 2019 and February 2020, there was a sustained downwards movement. The downward movement appears to be losing steam in this month of April; but that would turn out […]
12 Apr 2020 @ 09:15
Barclays Plc shares (
LSE:BARC) remain weak as sellers threaten to short further. The market has fallen so hard in the last few months and the trend remains bearish. The current bearish momentum started this year, ending the bullish effort of 2019. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 […]
10 Apr 2020 @ 01:05
GBPJPY Price Analysis – April 8 The British pound got some momentum and pushed the GBPJPY cross to fresh session highs, above the level of 134.70. The claim that UK Prime Minister Boris Johnson has been reported to be in a stable state, although he continued in ICU, appeared to be the only variable that […]
22 Feb 2020 @ 15:33
EURJPY Price Analysis – February 21 The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls. Key Levels Resistance Levels: 122.37, 122.87, 121.00 Support Levels: 119.99, 117.08, 115.83 EURJPY Long term […]
17 Feb 2020 @ 06:16
FTSE 100 (
FTSE:UKX) is not currently that attractive, as price is neither bullish nor bearish in the long-term. In the short-term, the bias is bearish but bulls are trying hard to reverse this. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each […]
29 Jan 2020 @ 20:29
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK CBI distributive trade survey’s retail sales balance remained steady in January In the UK, the CBI distributive trade survey’s retail sales balance remained flat at a level of 0.00% in January, compared to market expectations of a rise to a level […]
29 Jan 2020 @ 16:46
GBPUSD Price Analysis – January 26 GBPUSD is trading beneath the 1.31 level after reaching a new high of 1.3172, as the dollar’s resilience did not allow the pair to gain momentum. The US dollar is gaining strength in all directions. Key Levels Resistance Levels: 1.3600, 1.3514, 1.3280 Support Levels: 1.3000, 1.2582, 1.1958 GBPUSD Long […]