Funds

The EUR/JPY dropped 110 last week, testing the demand zone at 117.50 many times without being able to breach it to the downside. Price has dropped about 500 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish In the context of a downtrend, this pair moved sideways from Monday till Friday, trending south on Friday. Price closed below the resistance line at 1.0600, going towards the support lines at 1.0550. Rallies in the market are supposed to be temporary in most […]

Exxon Mobil stock (NYSE:XOM) is an equilibrium market at the present. This equilibrium phase is February, following the massive sell-off that was witnessed in January 2017. Price is currently located within the upper and lower Trendlines, and a rise in momentum is expected any week from now, which would push price outside the Trendlines. The […]

Amazon shares (NASDAQ:AMZN) are in a bullish mode. Price began a northwards movement – which has held out till now. The market is supposed to continue going north till the end of this year. 4 EMAs are used for the analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for […]

AUS200 Dominant bias: Bullish The market consolidated from March 3 to 27, and then moved upwards protractedly till the end of March. The bullishness in the market is still being preserved, though things are choppy and volatile at the present. In April, it is expected that price would continue going upward, and gradually. The resistance […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold is now a bull market, which is supposed to continue for some time. The bullish trend that has started on Gold since the beginning of this year came under attack from February 27 to March 14. Price reached a low of 1194.73 in March, and then moved upwards by […]

The EUR/JPY consolidated from March 22 to March 31, in the context of a downtrend. Price broke southwards on March 31, closing below the supply level at 119.00 that day. The expectation of any meaningful bullish movement is now invalid, as the outlook on JPY pairs is bearish for the month April; plus the EUR/JPY […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair went upwards early last week, tested the resistance line at 1.0900 and then nosedived by almost 250 pips. Price is now very close to the support line at 1.0650, which would be breached to the downside as price goes towards another support […]

Can you be too stupid to trade and the answer is obviously yes. If you are defeated by how your toaster works then trading is not for you, nor is anything else probably. However, my observation over the decades has been that despite what the industry would have you believe trading is not that hard. […]

HSBC stock (LSE:HSBA) is currently pulling back. The market trended sluggishly upwards within the months of November 2016 to February 2017, but it is now being corrected. Price has gone below the EMA 21; while the Williams’ % period 20 Range period 20 is in the overbought region. This mean that price is currently weak. […]