Financial Guides

GOLD (XAUUSD) Dominant Bias: Bullish Gold has bottomed at 1240.50 because it has moved from there upwards, testing the supply zone at 1321.50. This is an upward move of over 7600 points in a few weeks. The price may go further upwards; but as it is normally expected, it may first pull back (either in […]

On Friday, June 20, 2014, the EUR/JPY cross closed at 138.81on a bullish note. The bullish signal is valid and the movement above the demand level at 138.50 supports the possibility of the price going higher. EUR/USD: This pair was able to generate a ‘buy’ signal last week. But there is now a dip in […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Within the last few weeks, the EUR/USD broke below the support line at 1.3550, but it was unable to stay below it. Eventually, the price rose seriously, closing above the support line at 1.3600. This price action has resulted in a Bullish Confirmation Pattern, […]

“I knew that it was a golden opportunity and that I had screwed it up. I swore to learn everything I could to achieve complete mastery in this field [trading].” There are crucial factors that contribute to the trader’s permanent success in the markets. You probably know some of them; but the one which is […]

Mosman Oil and Gas (LSE:MSMN) has started a long-term upward journey that has a potential to last for years. Nevertheless, this would not happen without occasional pullbacks that might pan out in the medium-term. The price was in a tight equilibrium phase for some months before it broke upwards, cutting the upper Trendline to the […]

The situation on the Union Jack stock (LSE:UJO) is very interesting; and it offers a unique buying opportunity for the bulls who missed the recent upward surge in the price. In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold has been given a new lease of energy which has taken it upwards in a significant mode. From the support level at 1240.50 (a formidable bottom), the price skyrocketed and tested the resistance level at 1284.60. Although the price is currently experiencing a pullback, it is expected that it […]

As it was normally expected, there has been a shallow pullback on the Cable. But the price may go further higher to breach the distribution territory at 1.7000 to the upside. EUR/USD: In spite of some vivid attempts by the bulls to push the price upwards, the price remains bearish. On Friday, June 13, 2014, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish In a slow and tardy manner, this pair has been trending downwards. The movement is tardy because consolidation phases can be perceived in the market; yet it can also be clearly seen that the bears dominate the market. There is a shallow rally at […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 49 “Over the years I have benefitted from many traders (alive and dead), investors and professionals.” – Alan Saunders Born in January 19, 1944, in Newton, Massachusetts, USA. Peter Lynch is considered to be one of the greatest investors around. He studied at Boston College (1965) […]