Nov 10 2013 @ 17:23
Last week, the USDCHF almost tested the resistance level of 0.9250 twice. The price, which is bullish, would still likely test the resistance level again this week and possibly overcome it. EURUSD: This pair closed at 1.3368 on Friday, having tested the support line of 1.3300 once in the last week. That support line would […]
Nov 09 2013 @ 01:59
“For some traders, it takes many years of disappointment before they finally become successful. Only those few who never give up tend to achieve success.” – Joe Ross The Blue Pill, the Red Pill In order to be the best trader you can be, you need the red pill, not the blue pill. What are […]
Nov 07 2013 @ 17:26
All eyes of global investors in the stock market were on the debut of Twitter on Wall Street, under the symbol NYSE: TWTR and an initial price per share of USD $26. About 11:00 am ET, the price per share amounted to USD $ 45.10, representing an increase of nearly 72.16 % to 2.200 transactions per minute. […]
Nov 06 2013 @ 03:09
There is a directional movement on Camco Clean (
LSE:CCE), which would be favorable to those who follow the line of the least resistance, i.e. those who flow with the market. This is a bull market and any attempt by the bear to violate the trend would either be momentary or it will backfire. The moth, […]
Nov 06 2013 @ 03:01
Metminco shares (
LSE:MNC) are a bone of contention in that certain investors find it difficult to forecast the next price target. This is no wonder since the situation on the chart itself reveals the indecisiveness of the market. Thus whatever happens here would affect either the buyers or the sellers. What affects the eyes is […]
Nov 05 2013 @ 01:15
USDCHF has pulled back from the resistance level of 0.9150. The price is now challenging the support level of 0.9100. EURUSD: This pair has bounced upwards from the support line of 1.3450, but this is supposed to be a rally in the context of an uptrend. The rally should not go beyond the resistance line […]
Nov 03 2013 @ 23:25
The AUD/USD remains bearish trend on a very weak due to its proximity to the 200 day moving average. The Aussie is trying to form a lower high pattern above support at the 0.9474 level. If this pair manages to break the resistance level of 0.9517, it is expected that rises to the resistance level […]
Nov 03 2013 @ 21:27
The reality on the EURUSD chart brings two possibilities: either this is a temporary pullback or the beginning of a new downtrend. EURUSD: The reality on the EURUSD chart brings two possibilities: either this is a temporary pullback or the beginning of a new downtrend. This is a bone of contention among traders, but the […]
Nov 01 2013 @ 02:13
The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The pair has nosedive from the resistance line of 1.3800 this week, going towards the support line of 1.3500. EURUSD: The constant bearish pressure on the EURUSD has led to a Bearish Confirmation Pattern on the chart. The […]
Oct 30 2013 @ 00:56
The EUR/JPY is forming a bullish pattern at current levels. The pair managed to fill the gap that was left near the support at the 134.25 level, which houses the 200 day moving average. The EURJPY broke the resistance level at 134.74 and now, this pair is forming a lower high pattern below the resistance […]
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