Funds

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. […]

Paysafe Group shares (LSE:PAYS) are currently strong. There is a strong bullish bias on the market, and this could continue for most part of this year. In the last few months of 2016, price decline (especially in the month of December). Following that decline is a rally that has held out from then till now. […]

The EUR/USD moved slightly upwards last week, testing the resistance line at 1.0800 many times, without being able to close above it on Friday. Price may eventually go above the resistance line at 1.0800, but there may not be protracted bullish movement after that, because there are high chances of EUR pairs getting weak this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD managed to hold out its bullishness last week, in spite of the current short-tern consolidation in the market. Price reached the resistance line at 1.0800 and moved sideways till Friday. Many unsuccessful attempts were made to overcome the resistance line at 1.0800, but […]

One of the frustrating things about being a trend follower is that it takes time to overcome the inertia of a new system, particularly if that system is based upon slightly longer time periods such as weekly data. Part of the frustration that traders encounter is based upon the simple mechanics of how systems work. […]

The EUR/USD went north last week – just as it was predicted. Although the market went south on Monday and Tuesday, it went northward in the last few days of last week. Price went briefly above the resistance line at 1.0750 and later closed below it on Friday. This week, some vivid correction is expected, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair trended downwards on March 13 and 14, testing the support line at 1.0600. From the support line, price rose by 180 pips, going briefly above the resistance line at 1.0750 and then closing below it on Friday. The bullish signal is still […]