Technical Analysis

USDCHF generally ranged from May 2018 until last week, and owing to a sudden surge of stamina in USD, price skyrocketed, reaching the high of 1.0066. The test of that high is significant because the last time price reached that level was May 2017. What happen in May was followed by a protracted bearish movement. […]

Bahamas Petrol shares (LSE:BPC) has been going upwards since it broke upwards significantly in early May, 2018. Before then, price was in a tight consolidation, forming a strong base. In the context of a bullish movement, price ranged in June, only to begin to go further northwards seriously in July. 4 EMAs are used for […]

Gulf Keystone stock (LSE:GKP) is a bull market. Price has been going seriously upwards since March 2018, and that is just the beginning of what will turn out to be a long-term bull market. In effort to make new highs, price has recently broken the upper Trendline to the upside, going further and further upwards. […]

BTCUSD Long-term Trend – Bearish     Distribution territories: $8,000.00, $9,000.00, $10,000.00. Accumulation territories: $5,000.00, $4,000.00, $3,000.00.   Bitcoin’s market value was previously suffering a considerable against the US dollar, but this week it has been able to rebound. The rebounding effect notably started on June 29, last month. The bears have in the past...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the long-term, and bullish in the short-term. Last week, after testing the support line at 1.1600, price went upwards by 150 pips, to test the resistance line at 1.1750. Price can still go further upwards towards the resistance lines […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold moved sideways in the beginning of June 2018, until June 14. Since then, price has come down by roughly 6000 pips. July has been bullish so far (in the short-term), but the upwards bounce in the market has paled into insignificance when compared to the overall bearish bias on […]

Ethereum Medium-term Trend: Bullish     Supply zones: $550, $600, $650 Demand zones: $350, $300, $250-   Ethereum remains in a bullish trend in the medium-term outlook. The formation of bullish candles at the 50.0 fib level was good confirmation for the bulls as price was pushed up to $482.12 in the supply area.   […]

ETHUSD Long-term Trend – Bearish     Distribution territories: $700.00, $800.00, $900.00. Accumulation territories: $300.00, $200.00, $100.00.   Ethereum hasn’t been able to recover from the selling pressure it has been enduring in its pair with the US dollar. Throughout last week, the crypto asset was declining in a ranging format to the extent of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, but price was not able to go downwards seriously last week. Thus the market is bearish in the long-term, but neutral in the short-term. A strong opposition was particularly met at the support line at 1.1550, after which price bounced […]

NZDUSD Order: Buy Entry date: June 29, 2018 Entry price: 0.6777 Stop loss: 0.6573 Take profit: None Exit date: July 30, 2018 Status: Open NZDJPY Order: Buy Entry date: June 29, 2018 Entry price: 75.02 Stop loss: 72.98 Take profit: None Exit date: July 30, 2018 Status: Open NZDCHF Order: Buy Entry date: June 29, […]