Dec 25 2013 @ 12:30
The EUR/GBP has had a week bearish, despite the low volatility this week has dominated the forex market. This pair is forming a higher low pattern below the monthly pivot level of 0.8358. Now, the EUR/GBP is encountering strong resistance at that level and if the pair manages to continue to fall, it’s expected to […]
Dec 24 2013 @ 02:46
The USD/JPY has maintained its bullish bias and would likely test the supply level at 104.50 again. Eventually, it is hoped that the supply level would be overcome and breached to the upside. EUR/USD: The bias here is bearish and the upswing in the Williams’ % Range shows that the current northward attempt, though shallow, […]
Dec 22 2013 @ 18:38
The USDJPY moved upwards by over 170 pips last week, challenging the supply zone of 104.50 before retracing southward. The southward retracement would be temporary, for the price would soon trade further upwards. EURUSD: This pair gave a bearish signal last week – something that is still valid. There has been some rally in the […]
Dec 21 2013 @ 03:39
LEARN FROM GENERALS OF THE MARKETS – PART 43 “Day trading strategies offer a shortcut in order to become profitable much quicker with a proven system.” – Marcello Arrambide Jeff Cooper (not to be confused with another popular Jeff Cooper who was an American Marine and an expert on the use of small weapons) started […]
Dec 19 2013 @ 18:17
The EUR/JPY is very strong and solid in the bullish trend, which is very normal current corrective movements. This pair is consolidating above support at 142.18 level. Now it is very likely to go up to the weekly resistance level of 142.80. Moreover, if this pair does break the support at the level of 142.18, […]
Dec 19 2013 @ 05:41
The bears are bent on pushing the shares price on Tri-Star Resources (
LSE:TSTR) further southwards. Sometimes the simplest truths are the best. A tree that is too young to support our weight when we lean upon it cannot kill us if it falls upon us. In this market, the bulls have proven to be undependable, […]
Dec 19 2013 @ 05:31
It is more probable that Edge Resources (
LSE:EDG) shall drop to the support level of 3.0 eventually, even breaking below it. This is a great possibility, for it is not uncommon for the price to sometimes drop like a stone, breaking the so-called psychological demand levels. On the chart, the price is under the EMA […]
Dec 17 2013 @ 03:51
The EURJPY pulled back last week and is currently being stabilized. The Bullish Confirmation Pattern is still valid on the chart, and when there is a breakout again, it might be in favor of the bulls… EURUSD: Despite the failure to breach it in recent times, this pair is going again towards the resistance line […]
Dec 17 2013 @ 00:08
The AUD/USD has been very weak in recent days and is likely to continue with this pair that weakness. The aussie is finding support on the level of 0.8929, a fairly hefty monthly level since the AUD/USD has failed to make a breakout there. If this pair takes a bullish rebound at current levels, it […]
Dec 16 2013 @ 01:44
The protracted bearish correction on the GBPUSD has finally become a bearish signal. From the distribution territory of 1.6450, the price has dropped by over 150 pips. EURUSD: It seems this pair may not be able to go above the resistance line of 1.3800, especially in the face of a current lease of strength in […]
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