Technical Analysis

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 13 “Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight.” – Jesse Livermore Name: Kenneth Heebner Nationality: American Education: MBA, Harvard University Occupation: Funds manager Career: Ken runs Capital Growth Management (CGM), Boston, Massachusetts, […]

Amlin shares (LSE:AML) are not attractive right now, because they have been in a general equilibrium phase for a long period of time. The price simply oscillates between the resistance level at 550.00 and the support level at 450.00, without any protractedly directional movement. The price moves briefly above and below the EMA 21, trapping […]

Empyrean Energy stock (LSE:EME) may experience a serious rally anytime, which could result in loads of windfalls for bulls. Although the price consolidated to the downside in recent months, there has been an upward bounce, which occurred towards the end of August 2015. The upwards bounce remains in place till now. In the chart, the […]

The Cable plunged by 260 pips last week, closing below the distribution territory at 1.5200. The accumulation territory at 1.5100 could be tested this week, unless the bulls push the price upwards above the distribution territories at 1.5300. This means that we would see some bullish effort this week. EUR/USD: For the most of the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Though EURUSD consolidated in the most part of last week, the bias on the market is bearish, for bullish pressure has seriously lost steam. The pair has consolidated to the downside and it might reach the support lines at 1.1100 and 1.1050. Nonetheless, bulls […]

The 13-day BTI, a timing indicator, is no longer oversold which means the FTSE is not oversold and there is now potential for a large fall. Today the Chinese stock market is closed and the FTSE is down, this time the influence is coming from Japan where stocks are down 3%. The real influence is […]

“Illusions are something pleasant. The disadvantage is that they tend to burst like a burble.” – Wolfgang Kurz “It is true that the market is brutal to most of the people who challenge it. But so is Mount Everest, and that should not – and does not – stop people from trying to reach the […]

Gulf Keystone shares (LSE:GKP) are making a false appearance of recovery, which could be a trap for the unwary buyers. The unpredictably that abounds in the oil sector is one factor behind the weakness the price is experiencing. As one expert recently said, today’s world is very complex and more uncertain than ever. When fundamental […]

Xcite Energy stock (LSE:XEL) is bearish in outlook, and there is no hope of a significant recovery right now. When the market rallies, it would simply proffer opportunities to sell short. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is […]

EURJPY is still trading below the 200 SMA on H1 chart and the bearish tone is alive at the current structure. There is a pivot point level placed around the 135.32 zone, where we should expect a breakout lower in order to test the support level of 134.41, in case the bears take again the […]