Technical Analysis

The EURJPY is currently in a bullish trend rather weak, as this pair is approaching to the 200 SMA. If the EURJPY manages to make a breakout on the resistance level of 137.27, the bullish note could be strengthened in this pair and therefore the pair could rise to the resistance level of 137.44. On […]

Tangiers Petroleum stock (LSE:TPET) has dropped like a stone as a result of a sudden weakness in the market. The downward break happened with a huge gap that violated recalcitrant demand zones that would normally be extremely difficult to violate with normal price actions. In the chart, the 4 EMAs that are used have periods […]

Gulf Keystone shares (LSE:GKP) are very weak right now. For several months, the price has been unable to go determinedly upwards in spite of desperate efforts by the bulls. Again, the price has broken out below the lower Trendline, while the RSI period 14 has gone below the level 50. While this signifies a ‘sell’ […]

GOLD (XAUUSD) Dominant Bias: Bearish The recent bias on Gold is bearish, but the bulls have been making serious effort to push the price higher. It is possible that the price could go downwards, but this should be short-lived, for the price would meet some obstruction at the support levels of 1287.00 and 1297.00. In […]

The bullish trend on the USD/CHF is now very strong. Interestingly, the market has tested the resistance level at 0.9050, and with the continuation of the trend, the market may go towards the resistance level at 0.9100. EUR/USD: The bearish outlook on the EUR/USD is currently very strong. On Friday, July 25, 2014, the price […]

Last week, the EURGBP found resistance near the 0.7935 level and now the pair is consolidating below the daily pivot point level of 0.7915. The next target for the bearish EURGBP road is the support level of 0.7898. If the pair manages to make a breakout at that level would be expected to fall to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has dropped by over 140 pips since last week, testing the support line at 1.3450. The price has tried to bounce upwards from that support line, but the upward bounce is weak. It is still expected that the price would test the […]

The AUDUSD is trying to find support at the 200 day moving average, which is close to the support level of 0.9398. If the Aussie manages to make a breakout at that level, the next target would be the support level of 0.9376. On the other hand, if the AUDUSD manages to make a breakout […]

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This week’s data calendar contains plenty of minor indicator updates from both the US and the Euro Zone, nothing however that contains the potential to alter the current direction of the EUR/USD pair. Market momentum has been persistently bearish since the single currency’s failed attempt to take out the key 1.37 level at the beginning […]