Technical Analysis

Chevron stock (NYSE:CVX) is currently a bear market and long trades are not recommended here. The dominant bias is bearish and rallies would offer nice opportunities to go short. Last year, the market would go up – only to drop downwards steeply. While short-term bulls could harness some gains in this kind of market, some […]

NZDUSD = Buy NZDJPY = Buy NZDCAD = Buy NZDCHF = Buy EURNZD = Sell GBPNZD = Sell AUDNZD = Sell NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]

The 200 SMA continues to be a strong dynamic resistance on the NZDUSD at the H1 chart, as the pair is trying to break the support offered by the daily pivot point level at 0.7353. We could see a bearish structure development on place at this timeframe, because the fractals position are showing us strength […]

The Cable is a weak market right now. The market moved downwards by more than 300 pips last week, closing below the distribution territory 1.4750. The accumulation territories at 1.4700 and 1.4650 are now potential targets for the bears. While those accumulation territories may be tested, it is unlikely that the price would breach them […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This market currently is one of the weakest among the majors, making lower highs and lower lows. The market proffers short opportunities with any short-term rallies that occur in it. The great support line at 1.0500 is being battered heavily by furious bears, and […]

The S&P 500 Index fell again on Wednesday, continuing it’s recent downward slide that has wiped out all of the year’s gains so far. The Index dropped by -0.19% on the day as a surging US dollar puts pressure on corporate profits and as traders priced in sooner than expected rate hikes from the Federal […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 62 “When it comes to playing the markets. After all, it’s all about making money, not about being right.” – J. C. Parets Toby Crabel is an American trader who’s made himself successful by his own efforts. He studied finance at the University of Central Florida. […]

The bearish bias continues to be very solid at the H1 chart in the EURUSD, as the pair is trading below the resistance level of 1.0641 Also, the EURUSD is located below the daily pivot point level of 1.0748, forming a lower low pattern and looking to reach the support zone of 1.0478. In the […]

Ali Baba stock (NYSE:BABA) tried to go upwards in the year 2014, but it later broke downwards and assumed a long-term bearish bias. Up till now, the bias is bearish and this is supposed to continue. In the chart, the ADX period 14 is at the level 40, showing the strength of the current bias. […]

Standard Chartered Bank shares (LSE:STAN) have the possibility of going upwards this year. The market was under pressure last year, consolidating towards the end of that year and in the beginning of this year. Now, the market has broken upwards as it is ready to journey northward. The price is above the EMA 21 and […]