Currency

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, a bullish breakout in this market put an end to the neutral bias on it, which was in place from June 12 to 23. Price gained more than 250 pips, almost reaching the resistance line at 1.1450, but closing above the support […]

The EUR/JPY cross has been able to maintain the bullish bias it started on June 15. Price tested the demand zone at 123.50, and then was able to go above the demand zone at 124.50. This has revealed a bullish intent, and price could go further upwards. However, the upwards movement may not be so […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market did nothing significant last week, save the movement between the resistance line at 1.1250 and the support line at 1.1100. The market has essentially become neutral, and that bias would hold out until the aforementioned resistance line is breached to the upside […]

Amur Minerals stock (LSE:AMC) is currently flat, forming a tight base that has been seen since April this year. The market trended downwards in February and March, prior to the current flat movement. The ADX period 14 is between the levels 20 and 30, while showing that there could be some considerable momentum in the […]

The GBP/USD is a volatile market, and price did not a make a significant directional bias last week. This has forced the market to enter a neutral bias in the short-term. There would be an end to the neutral bias when the accumulation territory at 1.2600 is breached to the downside, or the distribution territory […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market largely consolidated last week – in the context of an uptrend. A movement below the support line at 1.1100 could trigger a bearish signal, and that exactly is what is expected this week, for the outlook on EURUSD (and some EUR pairs) […]

EUR/USD Last week’s ECB press conference left EUR/USD in limbo following a typically non-committal speech from President Mario Draghi. Refusing to be drawn on the timing of tapering and lowering his inflation forecast saw EUR/USD retreat from trend highs. Whilst the dominant structure of this market remains bullish, last week’s subtle failure at trend highs […]

As it was anticipated, GBP pairs underwent major pullbacks on June 9, while The EURGBP shot skywards. That was what put an end to the short-term neutrality on the GBP/USD, which lost 300 pips initially. The outlook on GBP pairs remains bearish for this week, and further southwards movement is expected as the accumulation territories […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Although the bias on this pair is bullish, bulls are getting tired of pushing price upwards. Price consolidated last week, moving between the resistance line at 1.1200 and the resistance line at 1.1300, before it closed below the resistance line at 1.1200 on Friday. […]

BMR stock (LSE:BMR) is a bearish, losing market and this is what could continue. The market was bullish until February 2017, when things started coming down. The current bearish movement has been in place for more than 3 months, and this just seems to be the beginning. The EMA 21 is sloping downwards as price […]