Technical Analysis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The dominant bias for this week has been the same for last week – it is unchanged. The bearish trend in the market is now particularly strong, and it may continue as such. The price may reach the support lines of 1.3500 and 1.3450 […]

“If you understand this way of thinking – that by taking smart risks you can make money over time – it will improve your willingness to take risks.” What is the answer to the question that forms the topic of this article? The answer is a big NO! Floyd Mayweather, LeBron James, Cristiano Ronaldo, Tiger […]

The key fundamental EUR/USD risk event of the week has passed without too much reaction from the currency pair. European Central Bank Chief, Mario Draghi, did express concern in a speech last night that the high value of the Euro was a drag on the Zone’s recovery, this is not the first time that he […]

Oilex shares (LSE:OEX) go further upwards, moving above the 4 EMAs that are used in this analysis. This is a bull market and the market has resumed its upwards journey, as it should. In the chart, the 4 EMAs used are EMAs 10, 20, 50 and 200. The color that stands for each EMA is […]

Alba Mineral Resources stock (LSE:ALBA) has been given a new lease of energy. This means the price has gotten some stamina and should continue going upwards, following the sudden jump up (a significant bullish breakout). The price broke out significantly from the area of the Upper Trendline. This ended the many months of boring equilibrium […]

The EURGBP is consolidating above the support level of 0.7964, which is above the 200 SMA. This pair is forming a lower high pattern, so it is very likely that the next target is the road bullish resistance level of 0.7986. If the EURGBP manages to make a breakout at that level would be expected […]

Instrument: USDJPY Order: Sell Entry date: July 14, 2014 Entry price: 101.528 Stop loss: 102.538 Take profit: 99.538 Instrument: AUDJPY Order: Sell Entry date: July 14, 2014 Entry price: 95.356 Stop loss: 96.378 Take profit: 93.378 Instrument: CADJPY Order: Sell Entry date: July 14, 2014 Entry price: 94.777 Stop loss: 95.795 Take profit: 92.795 Instrument: […]

The AUD/USD had a bullish momentum at the start of the day today. Now this pair is consolidating above the daily pivot point of 0.9391, so the next target would be the resistance level of 0.9408. If the AUDUSD manages to make a breakout at that level would be expected to rise to the level […]

The USD/JPY is still in a bearish mode, although the price is making some rally attempts. The rally may be contained at the supply level of 101.50. This is an area from which the price may go further downwards. EUR/USD: The bias on this market is bearish and the price is expected to go further […]

My sentiment indicator remains bearish but the stock market is now near a bottom. On the chart below we can see a support line crossing 6615, according to basic technical analysis, there will be some support above that level. The decline accelerated yesterday after concerns emerged about the financial health of Portugal ‘s top listed […]