Jun 08 2014 @ 18:22
On Friday (June 6, 2014), the USDCHF closed at 0.8934. The price has already assumed a bearish stance, which may continue this week. The next target to be reached is at the support level of 0.8900. EUR/USD: This market was volatile last week. Now it looks as though the price is poised to go northwards, […]
Jun 06 2014 @ 02:02
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair recently managed to test the support line at 1.3500 (or the price almost touched the support line). The movement of the price around the support line could not be sustained because the price bounced upwards seriously, reaching the resistance line at 1.6350. […]
Jun 05 2014 @ 06:51
With the ECB interest rate decision and press conference looming, markets are nervous this morning. The FTSE 100 in particular is one of the weakest markets, the UK index broke below yesterday’s low while the S&P 500 is stuck at the top of its trading range. The divergence between the FTSE and the S&P has […]
Jun 04 2014 @ 04:44
Rare Earth Minerals stock (
LSE:REM) has assumed a serious bullish bias, and this is something that results in windfall for the buyers. Recently the market, which was trending downwards, found some bottom at support level of 0.4. The bottom was found during a protracted consolidation phase that held out for a few months. In May […]
Jun 04 2014 @ 04:31
African Potash shares (
LSE:AFPO) were trending downwards in a slow and steady manner before further downwards trend was rejected in May 2014. Since then, the price has assumed a new bullish bias. The new bullish bas is sustainable because the price is now far above the Trendlines (an area from which it broke out). In […]
Jun 03 2014 @ 20:16
The NZD/USD has strengthened the current bearish trend in the last days. The Kiwi is trying to make a breakout in the support level of 0.8410, as this pair remains below the pivot point level of 0.8444. If the NZD/USD manages to make a breakout at the level of 0.8410, next target would be the […]
Jun 02 2014 @ 20:34
Instrument: EURJPY Order: Sell Entry date: June 2, 2014 Entry price: 139.240 Stop loss: 140.267 Take profit: 137.267 Instrument: EURAUD Order: Sell Entry date: June 2, 2014 Entry price: 1.47109 Stop loss: 1.48533 Take profit: 1.45133 Instrument: EURCAD Order: Sell Entry date: June 2, 2014 Entry price: 1.48206 Stop loss: 1.49221 Take profit: 1.46221 Instrument: […]
Jun 02 2014 @ 20:25
Instrument: USDJPY Order: Sell Entry date: June 2, 2014 Entry price: 102.395 Stop loss: 103.404 Take profit: 100.404 Instrument: AUDJPY Order: Sell Entry date: June 2, 2014 Entry price: 94.634 Stop loss: 95.660 Take profit: 92.660 Instrument: CADJPY Order: Sell Entry date: June 2, 2014 Entry price: 93.948 Stop loss: 94.964 Take profit: 91.964 Instrument: […]
Jun 01 2014 @ 19:19
There is a temporary pullback on the USD/CHF, which ought not to take the price below the support level at 0.8900, so that the bullish bias can remain valid. The price may go further upwards after the pullback has ended. EUR/USD: The bearish bias on this pair is still present, although there is a shallow […]
Jun 01 2014 @ 18:40
The EUR/GBP is trying to consolidate back above the 200 day moving average to continue extending the bullish trend. This pair has made a bullish rebound in the pivot point level of 0.8131, so it is very likely that the EUR/GBP rises to the resistance level of 0.8143. If the pair manages to make a […]