Technical Analysis

It has to be said: The antics of your mind throw many a spanner into your trading works.  There is no other way of putting it, you are the unwitting victim of your mind rather than being the master of it. This simple fact, which I also discussed in my last article:” Why Fundamentals Don’t […]

The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market is not currently favorable for swing trading, except intraday trading or scalping. This is because the market has not moved protractedly in a vivid direction for weeks. There is a support line at 1.1300 and a resistance line at 1.1450, and a […]

The S&P 500 fluctuated on Wednesday and ended the session lower by -0.03% as gains in consumer goods, industrials, and utility shares were offset by losses in oil and gas, finance and telecommunications stocks. Major US shares on the rise included American Express Co. which gained 0.89% towards the close after the company reversed losses […]

“But in the market any price is always history. It’s the price of the last transaction, holding no guarantee for even the nearest future.” – Dirk Vandycke What do you do when a good trading system, whose historical results have been satisfactory, gets into a losing streak? Good strategies lose now and then, and then […]

At the H1 chart, we can see the AUDUSD still bullish above the daily pivot point level of 0.7796. In the upside road, the closest target remains at the resistance level of 0.7849, but we should have in mind that the Aussie could do a retracement below the 200 SMA, probably until the support level […]

Microsoft shares (NASDAQ: MSFT) gapped downwards in January this year and since then, they have been making a slow attempt to recover. The outlook this month has been bullish so far. In the chart, the price has been challenging the upper Trendline and a break above it could make the price trend further north until […]

Lloyds stock (LSE:LLOY) is not an attractive market at the moment. The choppy and volatile price is a pain to the speculator, except one waits for the price to start moving in a determined manner. The high volatility and choppy conditions happened last year and they are also happening this year, though the price is […]

The EURJPY hasn’t found yet a solid support in the near term, but it’s expected to do it at the 200 SMA in H1 chart. That moving average coincides with the support level of 134.99. Now, the EURJPY is trading below the daily pivot point level of 135.50, which could be a strong resistance level. […]

The EUR/USD has been making commendable effort to go upward in the context of a downward bias. This effort has enabled the price to close above the support line at 1.1350 and a movement above the resistance line at 1.1500 would result in a clean Bullish Confirmation Pattern in the market. The outlook on the […]