Technical Analysis

NZDUSD has been trading higher, above the 200 SMA at H1 chart and technically it’s looking to test the resistance level of 0.6676. The other side, which is the powerful here, is already telling us about a possible lower continuation towards the support level of 0.6592, which is the current pivot point level. A breakout […]

The pullback in the stock market has yet to materialise. The FTSE 100 is resilient because those who believe in the bull market scenario are buying. The longer a bull market goes on the more people will believe in a continuation of the bull market. But with Gold and oil trading at multi-year lows you […]

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 9 “The best strategy loses its effectiveness when you trade from a place of fear.” – Mercedes Oestermann van Essen Name: Lawrence D. Hite Nationality: American Profession: Funds manager, trading systems developer, philanthropist Career: Larry Hite is an award-winning funds manager who’s one of the forefathers […]

Northcote stock (LSE:NCT) is virtually worthless as it continues to lose value, going towards zero. Although some bulls see this stock as a wonderful opportunity to go long at very cheap prices, the bears would continue to fight for supremacy, and this may cause a considerable amount of volatility. Speed + magnitude = volatility. Markets […]

There is a high possibility that massive sell-offs soon may begin on San Leon Energy shares (LSE:SLE), as indicated by the price action in the chart below. Chris Tate says there is a time to be in the market and there is time not to be in the market. Definitely for the bulls, this is […]

EURGBP found strong resistance around the 0.7219 level and now it’s performing corrective moves. At H1 chart, we should note the current position where is trading this pair, as it remains above the 200 SMA. The closest support is located at the 0.7166 level and if broken, it would be expected to fall to the […]

Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]