Technical Analysis

Phorm Corporation shares (LSE:PHRM) is a bear market and it would remain so for some time to come. The recent bullish run peaked in September 2014, after which a bearish bias started. Therefore, the last near-term rally that has happened in this month is a good opportunity to sell short and ride the market downwards. […]

The EURJPY is forming a higher high pattern above the daily pivot point level of 146.69 in the H1 chart. During yesterday’s session, the EURJPY has made a rebound on the 200 SMA, and in that area, this pair formed three fractals. If the EURJPY takes a breakout at the resistance level of 147.70, it’s […]

USDJPY = Buy AUDJPY = Buy CADJPY = Buy CHFJPY = Buy EURJPY = Buy GBPJPY = Buy NZDJPY = 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 […]

The NZDUSD is concentrating efforts to continue staying above the 200 day moving average. During the last session, the NZDUSD made a strong pullback on the resistance level of 0.7944 and now, this pair is attempting a breakout level of 0.7897. On the other hand, if the NZDUSD takes a breakout in the daily pivot […]

The sudden weakness on the EUR/USD on Friday has resulted in a very strong bearish bias. The pair may be weak for the rest of this month, as the EUR continues to be battered. The price closed below the resistance line at 1.2400, and the next target may be the support line at 1.2350. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The hope of the EURUSD going seriously bullish in this month has been dashed. The price broke down through one support line and another, as the forlorn bull becomes listless. The price has closed below the resistance line at 1.2400, and it may soon […]

The EURGBP is forming a higher high pattern below the daily pivot point level of 0.7996. This pair could fall to the support level of 0.7966, where is located the 200 day moving average. However, the EURGBP could made a rebound on that area and go up to the resistance level of 0.8019. The RSI […]

The S&P 500 Index fell on Wednesday as FOMC meeting minutes showed some policy makers were concerned about the lack of price inflation in the US economy. The S&P 500 spent most of the day in the red and eventually closed lower by -0.15%, (although the index did manage to finish off its lows). Losses […]

“Education is incredibly important for traders. Traders should look to educate themselves as much as they can along their trading journey.” – James Hughes In USA, Thanksgiving Day is around the corner. Thanksgiving Day is a national holiday celebrated primarily in the United States and Canada as a day of giving thanks for the blessing […]

In a recent interview in TRADERS’ magazine (November 2014), Ian Cassel says: “Always surround yourself with people that are better than you. Your friends have far greater influence over your future than you think. If you want to be successful, start hanging out with successful people. If you want a better marriage, hang out with […]