Aug 03 2013 @ 04:40
GBPUSD: Sell There is now a bearish signal on the Cable, following the Bearish Confirmation Pattern that has occurred on the chart since Tuesday 2013. The price has gone below the EMA 21 and the RSI period 14 is below the level 50. With some informed chart analysis, it could be said that the price […]
Aug 02 2013 @ 07:16
A TASK THAT MUST BE DONE A good trading track record is a noble achievement that’s being aspired to. It’s a proof of your trading prowess – an absolute requirement that must be provided before you’re viewed as a pro, whose trading strategy is worthy of emulation or who could possibly be considered as a […]
Aug 02 2013 @ 05:16
Pound Sterling – At the start of the week the Pound saw little movement against its most traded peers, but did make gains against the US Dollar. The rise came after the Bank of England released data showing that lending to small UK firms hit a record high in June. To ask a currency expert a […]
Jul 30 2013 @ 00:33
ACTA shares (
LSE:ACTA) do not look attractive right now, and the best option is to stay away from the market until a clear bias is formed. The market is currently in an equilibrium phase and there no significant victory between the bulls and the bears. The ADX line is below the level 20, showing a […]
Jul 30 2013 @ 00:24
The indicators on Sefton Resources (
LSE:SER) are screaming out in what is another buying opportunity of a lifetime. In the recent bear market, the price has largely moved sideways from March 2013 until the latter part of the month of July 2013. It is known that the stock is very cheap right now. From the […]
Jul 29 2013 @ 04:14
In the last several trading days, we can see that the GBP, the CHF, and the EUR have continued showing strength, while the USD has continued to be weakened against them. The JPY pairs are also showing signs of noteworthy pullbacks, following their testing of major supply levels. The more overextended and protracted the current […]
Jul 27 2013 @ 01:27
AUDUSD: Buy Following what could be rightly termed a Bullish Confirmation Pattern, the AUDUSD has given a clear indication of a bullish signal. Since last week, the price has closed above the EMA 56, while the RSI period 14 moved above the level 50. Within the same week, the novel bias was morbidly threatened during […]
Jul 26 2013 @ 05:42
Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]
Jul 26 2013 @ 05:14
LEARN FROM GENERALS OF THE MARKETS – PART 33 “My mood is best when I execute according to my plan regardless of outcome.” – Derek Hernquist Lee Ainslie III is a trader and a self-made American billionaire who lives in Dallas, Texas. He’s happily married with kids. He got his BA at the University of […]
Jul 23 2013 @ 03:00
New World Oil stock (LSELNEW) has long been consolidating in what could be rightly called a downtrend. It is assumed that the price would drop further after the consolidation has run its course. The price has been running lower since the beginning of this year. It even gapped down on early February 2013. Since late […]