US News

The EUR/JPY ended up being bullish last week, having formed a Bullish Confirmation Pattern in the chart. The supply level at 127.00 has been tested and it would be tested again, as the bulls are determined to continue pushing the price upwards. The price is supposed to continue moving upwards this week, reaching the supply […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated from Monday to Wednesday, breaking out northward on Thursday (March 10, 2016). On that day, price first spiked downwards and then rallied significantly, testing the resistance line at 1.1200. There is a Bullish Confirmation Pattern in the market and it is […]

One of the most devilish conundrums faced by traders is what to do when an instrument they are following gives a valid signal but this signal is either at an all-time high or low. Such a situation has recently occurred with wheat, which according to my system gave a valid sell signal as it moved […]

Alibaba stock (NYSE:BABA) has been making some bullish effort recently, which has given hope beyond a reasonable doubt that the bias for this year would be bullish. The stock made some bullish attempt last year, but started coming down this year. At the lower Trendline, further bearish movement was rejected in February 2016, and since […]

The GBP/USD moved upwards by 400 pips last week, rising from the accumulation territory at 1.3850 and reaching the distribution territory at 1.4250. This upward movement was strong enough to invalidate the recent bearish outlook on the pair, and there is a clean bullish signal in the market. The GBP/USD is supposed to continue moving […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish As it was mentioned in the last forecast, EURUSD has been making some bullish attempt, which, however, has not been significant enough to render the recent bearish bias invalid. Bears pushed price downwards, but met a stiff rejection at the support line of 1.0850. […]

USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

Amazon shares (NASDAQ:AMZN) rallied within the last few months of 2015, and then began to nosedive from January 2016. This is something that resulted in a bearish signal. Further bearish movement was rejected around the middle of February 2016, and the bulls started pushing the price upwards. Right now, the price is above the EMA […]

Bank of America stock (NYSE:BAC) has been coming down significantly in the past few months, going further and further south. This is a trend that is expected to continue this year. After consolidating in the months of November and December 2015, the price went below the lower Trendline at the beginning of the year 2016. […]

Monday, 22nd of February 2016, was a good start for stocks considering the continuous commodity prices’ volatility, the mounting fears about ‘Brexit’ and the sluggish growth of emerging economies. While there is still uncertainty across international capital markets and gaps in the demand-supply balance of core resources, such as oil, equities seem to reflect investors’ […]