Technical Analysis

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The bias on EUR/USD has essentially turned neutral, as price has not made any significant upwards or downwards movement in the last several trading days. There is a resistance line at 1.1750, and there is a support line at 1.1500. Either the resistance line […]

TIMELY EXIT “Successful Trading Is Not About Being Right.” – VTI What is your tolerance for pain? Consider the following scenario. You have 10% of your account balance on the line. For the past two days, prices have been going in the direction you had anticipated, but today, an announcement was made that caused a […]

Ethereum Price Medium-term Trend: Bearish   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH enters the range in its medium-term outlook. The strong bearish pressure was lost after a drop in price to $167.32 in the demand area, closing the candle as a spinning top – an indication of the bulls’ […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a bear market. In August price dipped by over 6000 pips, reaching around the support level of 1160.00 (a support level). From there, price moved upwards by 5000 pips and then moved sideways till the end of the month. All this happened in the context of a downtrend; […]

Ethereum Price Medium-term Trend: Bearish   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH is in a bearish trend in its medium-term outlook. The strong bearish pressure broke the lower demand area of yesterday’s range at $260.00 with a large bearish engulfing candle. The cryptocurrency was further down to $225.61 in […]

BTCUSD Long-term Trend – Bullish   Distribution territories: $8,000, $9,000, $10,000. Accumulation territories: $6,000, $5,000, $4,000.   Bitcoin’s price has considerably increased against the US dollar this week. A few weeks ago, the cryptocurrency was moving in range-bound territories market by the distribution and accumulation territories of $7,000 and $6,000.    ...

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair started rising on August 15, and it gained more than 400 pips since then. However, there was a bearish retracement that took place last Thursday and Friday, which was not significant enough to override the recent bullish bias in the market (unless […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $400, $450, $500 Demand zones: $150, $100, $50     ETH continues ranging in the medium-term outlook. The bullish pressure was weak within the range after pushing the cryptocurrency up to $297.36 in the supply area. The bears returned and pushed the price down to $284.34 […]

The prediction for Gulf Keystone stock (LSE:GKP) for last month has proven to be correct. This is a bull market, and it is supposed to continue being bullish. In the chart, the ADX period 14 is at the level 30, which means the momentum in the market is strong. The DM+ is above the DM-, […]