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Gulf Keystone stock (LSE:GKP) is now in an uptrend. The market has been going upwards for the past several months. For example, the market rose in November 2017, dipped and rose and dipped and rose again. Such is the behavior of this market. After consolidating in February and March 2018, price has moved above the […]

ETHUSD Medium-term Trend: Bullish Resistance: $435, $430, $425 Support: $405, $410, $415 The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a […]

BTCUSD Medium-term Trend: Ranging Resistance: $7,100, $7,000, $6,900 Support: $6,500, $6,600, $6,700 Yesterday, April 9, the price of Bitcoin was in a bullish trend. Bitcoin traded up to $7,200 before the bears took control of the market and brought price to its low at $6,786.67. Price has resumed its range bound movement because neither the […]

ETHUSD Long-term Trend – Bearish Distribution territories: $500.00, $600.00, $700.00. Accumulation territories: $300.00, $200.00, $100.00. This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The pair is bearish in the short-term, which is still a weak bias. Price went downwards last week, moving briefly below the support line at 1.2250, and closing above it on Friday. There are resistance lines at 1.2300, 1.2350 and 1.2400. Things will go […]

S&P 500 stock (SPI:SP500) has been violently corrected lower. In the long-term, price is ranging and volatile. Things may soon go bearish. The ADX period 14 is not far from the level 30, pointing at a moderate momentum in the market. The DM+ is below the DM-, meaning that bears have an upper hand right […]

Highlights • The medium and short term trend bias are bearish. • In a downtrend, a trader should know that if price retraces from the recent low, a resistance level would be created. This gives the trader the opportunity to place short trades.   BTCUSD Medium-term Trend: Bearish Resistance: $7,000, $6,900, $6,800 Support: $6,400, $6,500, […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

Daily analysis of USD/CHF for April 2, 2018 USD/CHF This bias on this currency trading instrument is bullish – but it is currently not a strong bias. Since testing the support level at 0.9200 (February 16), price has managed to gain about 360 pips. Last week, it managed to stay briefly above the resistance level […]

DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took. Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/ Much commentary that followed on […]