Nov 06 2013 @ 03:09
There is a directional movement on Camco Clean (
LSE:CCE), which would be favorable to those who follow the line of the least resistance, i.e. those who flow with the market. This is a bull market and any attempt by the bear to violate the trend would either be momentary or it will backfire. The moth, […]
Nov 06 2013 @ 03:01
Metminco shares (
LSE:MNC) are a bone of contention in that certain investors find it difficult to forecast the next price target. This is no wonder since the situation on the chart itself reveals the indecisiveness of the market. Thus whatever happens here would affect either the buyers or the sellers. What affects the eyes is […]
Nov 05 2013 @ 01:15
USDCHF has pulled back from the resistance level of 0.9150. The price is now challenging the support level of 0.9100. EURUSD: This pair has bounced upwards from the support line of 1.3450, but this is supposed to be a rally in the context of an uptrend. The rally should not go beyond the resistance line […]
Nov 03 2013 @ 21:27
The reality on the EURUSD chart brings two possibilities: either this is a temporary pullback or the beginning of a new downtrend. EURUSD: The reality on the EURUSD chart brings two possibilities: either this is a temporary pullback or the beginning of a new downtrend. This is a bone of contention among traders, but the […]
Nov 01 2013 @ 02:13
The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The pair has nosedive from the resistance line of 1.3800 this week, going towards the support line of 1.3500. EURUSD: The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The […]
Oct 29 2013 @ 17:47
China New shares (
LSE:CNEL) have gotten a new lease of energy after a long period of hopelessness on the side of irrational equilibrium. On a lower timeframe shown below, the price broke upwards, following the recent trendless phase in the market and this is a beginning of a new uptrend. Whenever a trading instrument is […]
Oct 29 2013 @ 17:39
Gulf Keystone stock (
LSE:GKP), which was recently trending downwards, is now consolidating. This is a pause in the midst of an extant momentum prior to the next move – either in favor of buyers or sellers. What is now the next direction in the month of November? On the chart, the price is currently between […]
Oct 29 2013 @ 03:07
The bullish bias on the EURJPY is still valid, although the price is currently experiencing some bearish pull. As long as the price trades above the demand zone of 134.00, the price has the probability of a northward journey. EURUSD: It would behoove one to seek a short trade in this market, perhaps setting a […]
Oct 27 2013 @ 18:43
The EURJPY closed at 134.43 On Friday (October 25, 2013), still breathing the bullish trend. It is likely that the price would continue to trend upwards this week, going towards the supply zone of 135.50 in order to test it again. EURUSD: This currency instrument was able to maintain its bullish stance last week, in […]
Oct 26 2013 @ 22:46
LEARN FROM GENERALS OF THE MARKETS – PART 39 “In the end, by becoming astutely aware of what can go wrong, and taking control, we can maintain our winning edge.” – Joe Ross Richard Donchian, who was an American trader and pioneer of managed futures, lived from 1905 until 1993. His parents were Armenians who […]
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