Technical Analysis

The Cable was able to maintain the bullish scenario on it last week. This week, we are watching the distribution territories at 1.6800 and 1.6850 as potential targets. EUR/USD: The market was able to skyrocket from the support line at 1.3650 towards the resistance line at 1.3800. That was a movement of at least, 150 […]

Here’s the market outlook for this week: EURUSD Dominant bias: Bullish The recently precarious bullish bias on this pair is now established – as a result of a new lease of stamina in the Euro. The Bullish Confirmation Pattern in the chart remains fresh and the price still has more room to move northward. The […]

There is a raging battle between the bulls and the bears on the Internet. On Twitter and trading forums the bulls are winning. Not surprising, the stock market has been rising for five years. Each time there is a pullback the stock market rallies to new highs. This pattern has been repeating itself for so […]

AUD/USD had a week start completely dominated by the strength of the bears, as this pair is in a strong bearish bias. The AUD/USD has consolidated below the 200 SMA on the H1 chart and now this pair is finding support level 0.8932 sobr eel. If the pair manages to make a breakout at that […]

EUR/GBP is strengthening the bearish bias and is likely to continue falling for the rest of the week. This pair is consolidating below the 200 SMA and the pivot point at the level of 0.8222. Now, it is very likely that the EUR/GBP fall to the support level of 0.8192. If the pair manages to […]

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EUR/JPY has made a bullish rebound above the 200 day moving average, so it is very likely that this pair continue the bullish trend strongly. The EUR/JPY is trying to consolidate above the pivot point at the level of 140.53. Now, it is very likely that this pair try to climb up to the resistance […]

At the start of this week, NZD/USD has managed to consolidate above the 200 SMA and the pivot point. It is very likely that this pair continue to rise, since the NZD/USD is forming a lower high pattern below the resistance level of 0.8348. If the kiwi manages to make a breakout at that level, […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): As it was mentioned in the last forecast on Gold, the price of this precious metal pulled back last week, following a few days of consolidation. However, the price has shrugged off further bearish pull as it begins a new period of bullish journey. […]

Annual Trading Forecast on Bank of America (2014) The Bank of America stock (NYSE:BAC) is expected to rally further after the current pullback – for the dominant bias is bullish. Also, we need to be wary of fundamental effects which can also have impact on the price.   4 EMAs are used for the analysis. […]