Dec 13 2014 @ 16:40
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This market moved upwards by over 210 pips this week, after testing the support line at 1.2250. All indication points to the fact that short trades are no longer logical in the near-term. It is possible that the bears would gain control again before […]
Dec 11 2014 @ 16:28
“Active trading requires increased mental capacity. But your IQ doesn’t need to break the bank. You can increase your mental capacity through practice.” – Joe Ross Traders often check the markets to look for trading opportunities. When a discipline trader fails to find a good setup in a market, she/he mayn’t trade or look for […]
Dec 11 2014 @ 09:08
Global stock markets tumbled on Wednesday and the S&P 500 Index fell the most in seven weeks as energy shares plunged once again and crude oil futures dropped below $62 a barrel. US markets were a sea of red with only a handful of companies finishing the day in positive territory. The S&P 500 dropped […]
Dec 09 2014 @ 17:24
Does it make sense to go long on Keffi Minerals? Keffi Minerals stock (
LSE:KEFI) appears to be rallying in the context of a downtrend. Should one go long? When caught in a wrong direction, traders who hate to use stops are often forced to run their positions longer than they can imagine. When many experts […]
Dec 09 2014 @ 17:13
Metal Tiger shares (
LSE:MTR) are going up and they may reach the resistance level at 2.500. Price traded lower in the months of October and November 2014, but it has skyrocketed in this month. One great trader has said that his view on the shares is bullish. When a great trader says something, the market […]
Dec 08 2014 @ 17:54
GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = Buy 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 […]
Dec 08 2014 @ 17:18
The EURGBP made a rebound on the support level of 0.7845, so this pair is performing corrective Movements in favor of the current bearish bias. Now the EURGBP is finding resistance at the daily pivot point of 0.7870 level, so this pair could make a pullback in that area and fall back to the level […]
Dec 07 2014 @ 19:18
Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength. EUR/USD: This pair […]
Dec 07 2014 @ 17:26
The AUDUSD has started the week with a bearish gap below the daily pivot point of 0.8341 level, which could serve as a strong resistance zone in this pair. Now the AUDUSD try to reach that level to fill the gap, but the bearish bias still remains strong in the Aussie, which is likely to […]
Dec 06 2014 @ 16:45
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the broke below the line at 1.2400 (which is now a resistance line) led to the strengthening of the bearish bias as price went further downwards, closing below the resistance line at 1.2300. The target for next week […]
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