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Nokia stock (NYSE:NOK) is now a bull market. Price has currently gapped up, showing a serious bullishness in the market. Price is above the EMA 21, and the Williams’ % Range period 20 has gone into the overbought territory. While there could be weak and transitory pullbacks along the way, the overall market movement would […]

The EUR/USD went upwards last week, reaching the resistance line at 1.0750. The upwards movement was not significant enough to bring about a Bullish Confirmation Pattern in the market, unless the resistance line at 1.0800 is breached to the upside. The bearish correction that was experienced on Friday may bring good opportunities to go long […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended upwards last week, briefly went above the resistance line at 1.0750, and then retraced southwards. There are support lines at 0.0700 and 0.0650, which may attempt to impede any bearish attempts this week. The bearishness in the market still holds, until […]

BP shares (NYSE:BP) are not attractive right now because the market has been quite choppy. It is better to stay aside until the market assumes a directional movement. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the […]

Chevron stock (LSE:CVX) is a bear market; being in a downtrend. The uptrend that was seen in November and December 2017 ended at the beginning of this year. Price has gone south this year, having broken below the lower Trendline. The RSI period 14 is below the level 40, showing the bears have upper hands […]

If the regulatory body that oversees Turkey’s voting process, YSK approves Erdogan’s victory, it is no doubt that it will lead to more authoritarianism without fixing any economic complications. In fact, Turkey’s economy and the economic forecasts do not look dazzling.The investors are worried about Central Bank’s independence as Erdogan has made no secret about […]

The EUR/JPY dropped 270 pips last week – having dropped roughly 730 pips since March 13, 2017. Our targets for last week were exceeded, as price closed below the supply zone at 115.50, aiming at the demand zone at 115.00. The targets for the next several trading days are located at the demand zones at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD consolidated from Monday to Friday, save a faint rally that was witnessed on Wednesday. The bearish bias on the pair still holds, though another week-long consolidation would lead it into a neutral zone. This week, attempts would be made to push price upwards, […]

Speculation would first seem to be one of the easiest things on earth because you might think of making money by hitting bid and ask buttons for trading instruments of your choice. Hitting bid and ask buttons can be learned by everybody, but it remains a mystery that doing this does not bring easy money. […]

Alibaba Group shares (NYSE:BABA) are in a bullish mode. The market has started trending upwards and it should continue doing so. The ADX period 14 is around the level 40, showing that there is a considerable momentum in the market. The DM+ is above the DM-, meaning that buyers have upper hands over sellers. The […]