Apr 23 2014 @ 23:51
The AUD/USD had a profound drop to support level of 0.9280. This pair is trying to form a higher low pattern below the pivot point at the level of 0.9311. If the AUD/USD manages to make a breakout in the support level of 0.9246, next target would be the support level of 0.9202. On the […]
Apr 23 2014 @ 08:41
e-Yield Sentiment Indicator (ESI) is neutral but it could turn bullish soon. One of the components of the ESI, the 34-day BTI is still declining while the second component is rising. This divergence will come to an end when the two indicators points in the same direction. Until then I can’t say with a high […]
Apr 22 2014 @ 22:23
The EURJPY is very strong in the bullish bias due to rebound this pair did in the 200 SMA The EURJPY is trying to consolidate above the 200 SMA. Nevertheless, this pair has not yet formed a bullish pattern that could confirm this bullish consolidation. However, if the EURJPY manages to make a breakout on […]
Apr 22 2014 @ 18:05
Plexus stock (
LSE:POS) is a difficult and choppy market as shown in the chart. The price is jumpy with no protracted directional move. However, what would be the next directional move when momentum returns to the market? The ADX period 14 shows that the market is in an equilibrium mode; but the fact that the […]
Apr 22 2014 @ 17:49
Iofina shares (
LSE:IOF) are expected to dip further. The overall bias is bearish – established bias – and the possibility that the price may dip further is very high. The price is below the EMA 21. The Williams’ % Range period 20 recently sloped upwards in the context of a downtrend. This is a kind […]
Apr 21 2014 @ 21:39
The NZDUSD remains very strong in the current bearish trend. The Kiwi has found resistance at the pivot point level of 0.8575, so it is very likely that this paica Gaiga to support level of 0.8550. If the NZDUSD manages to make a breakout at that level, the next target would be the support level […]
Apr 21 2014 @ 19:00
Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold is now a turbulent market as a result of the upswings and downswings in the price which are brought about by cut-throat struggle between the bull and the bear. The overall bias has been bearish: although there is a speculation that […]
Apr 20 2014 @ 23:07
The USDCHF has already generated a bullish signal: the price would easily test the resistance level at 0.8850. EUR/USD: It is still safe to call this pair a bull market. As long as the price is above the support line at 1.3800, the bullish outlook is valid. Any movement below that support line would mean […]
Apr 18 2014 @ 04:16
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This market has been moving sideways for days without going in a directional move. However, the bullish bias is still valid because the price has been able to stay above the strong support line at 1.3800. Any movement below that support line could mean […]
Apr 17 2014 @ 03:55
“It is not so important to be right, but how to make money when you are right.” – Ivan Hoff I remember what happened at one interesting trading conference I attended about 5 months ago. It was an interesting conference indeed. At one stage, the moderator showed us a EURUSD chart (whose dominant trend was […]
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