Apr 13 2016 @ 06:53
Xtract Resources shares (
LSE:XTR) should continue going down, and as such long trades do not make any sense in the market. This is a highly volatile market, and there has been a bearish movement since the beginning of February 2016 till now. Bulls are fighting desperately to push the price upwards, but their effort is […]
Apr 13 2016 @ 06:47
There is a pristine “buy” signal on Premier Oil (
LSE:PMO), which has formed since the beginning of this month. The price is expected to continue going upwards as revealed by the price action in the chart. The ADX period 14 is not currently depicting any momentum in the market, but the DM+ is far above […]
Apr 10 2016 @ 18:22
Since March 29, 2016, the USD/JPY has dropped by 600 pips. Last week, the drop was over 350 pips. There is a strong Bearish Confirmation Pattern in the chart, which would hold out as long as the price continues to journey southwards. This week, bears would target the demand levels at 107.50, 107.00 and 106.50. […]
Apr 09 2016 @ 17:05
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish In the context of a downtrend, EURUSD consolidated throughout last week. One big formidable barrier to further northward journey is the resistance line 1.1400 (though the resistance line at 1.1450 was also tested). Bulls were unable to breach the resistance line at 1.1400 to […]
Apr 07 2016 @ 21:05
WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 6 “We do not have a crystal ball, so we do not know when this current losing period will end. However, we can look in the rear view mirror and see that when we experienced periods like this before, not only did we survive, but […]
Apr 07 2016 @ 05:53
Gulf Keystone stock (
LSE:GKP) has been under selling pressure for several months. The trend was mostly bearish for the year 2016, and there is no end in sight for the bearishness in the market. 4 EMAs are used for the analysis and color that stands for each EMA is shown at the top left part […]
Apr 07 2016 @ 05:47
PayPal shares (
NASDAQ:PYPL) are poised to trend upwards as revealed in the daily chart. The upward trend would continue for some months. In February 2016, price broke upwards and closed above the upper Trendline. Since then, the price has not returned into the Trendlines. The current price action shows that the bulls are determined to […]
Apr 05 2016 @ 11:37
GOLD (XAUUSD) Dominant Bias: Bullish On the daily chart, Gold is in an uptrend; whereas a lower timeframe like the 4-hour chart shows that there is bearish pressure on the market. In the context of an uptrend, price was engaged in a bearish correction throughout the month of March, causing price to reach a monthly […]
Apr 03 2016 @ 17:36
The EUR/JPY went upwards last week, reaching the supply zone at 128.00. The bulls were unable to push price beyond that supply level and that caused a shallow correction we are currently looking at. There is a Bullish Confirmation Pattern in the market, and it is possible that another leg of bullish journey would begin, […]
Apr 02 2016 @ 18:23
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 250 pips last week, testing the resistance line at 1.1400. That resistance line has proven to be an obstacle to bulls because price was unable to close above it last week (in spite of forays into it). Price might be […]