World

Gulf Keystone shares (LSE:GKP) were under selling pressure for most of the year 2015. The price has also been bearish so far this year and this is a trend that is expected to continue. In the daily chart, 4 EMAs are used, and they are EMAs 10, 20, 50 and 200. The color that stands […]

Randgold Resources stock (NASDAQ:GOLD) has broken out of a strong base that was formed in the last few months. The first two months of this year was characterized by a strong rally, followed by a strong consolidation that occurred within the last months of the year 2016. Right now, the price has gone above the […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold was quite choppy in the first three weeks of April 2016, characterized by short-term upswings and downswings, all in the context of an uptrend. In the last week of April, Gold experienced a sustained trending movement. Price moved upwards by 6500 pips last week alone, breaking one resistance level […]

The EUR/USD went upwards by 230 pips last week. The movement was a week long and that has resulted in a bullish bias in the market. The resistance line at 1.1450 has already been tested and the price is expected to go above it this week, testing another resistance lines at 1.1500 and 1.1550. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The EURUSD moved upwards 230 pips last week – an action that has resulted in a Bullish Confirmation Pattern in the 4-hour chart. The resistance line at 1.1450 has been tested and it would be breached to the upside, as price targets other resistance […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 7 “Of all of the lies my traders tell themselves, the one that shows up the most frequently is “I don’t think I can do this.” – Louise Bedford Name: Toni Hansen Nationality: American Occupation: Full-time trader and mentor Website: Tonihansen.com ADRRESING THE TOUGHEST TRADING […]

USDJPY = Sell AUDJPY = Sell CADJPY = Sell CHFJPY = Sell EURJPY = Sell GBPJPY = Sell NZDJPY = Sell 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 […]

As it was forecasted at the beginning of last week, GBP was able to rally against some majors, as witnessed on GBP/CHF, GBP/NZD, EUR/GBP, GBP/JPY, etc. GBP/USD was also able to rally last week, starting from the accumulation territory at 1.4150, and reaching the distribution territory at 1.4450. This is a movement of 300 pips, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair was bearish last week. Bulls tried to push price upwards. But as a result of severe opposition from bears, price came down on Friday, following the volatility that occurred on Thursday. There is a “sell” signal in the market, and it may […]

“Although I’ve witnessed uncountable demo contests the world over, these are the most impressive results I’ve ever seen, despite the vagaries of the markets.” – Analyst75 Honestly, my plan for this week was to post an article about Alan Howard, a self-made billionaire trader, in our Master Traders series. Nonetheless, I’d to change my mind […]