Technical Analysis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair first moved sideways in the first few days of last week, and then price broke down again on October 28, reaching the support line at 1.0900. From that support line, price has bounced upwards a bit, testing the resistance line at 1.1050. […]

Currently we can see that the EURUSD moves below the 1.1000 level and 200 SMA (H1 chart), after the yesterday’s Fed meeting. This pair technically has shown a very strong weakness , since it’s forming a bearish pattern in the H1 chart. The strongest support has found near to the 1.0900 level. In a way, […]

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Sirius Petroleum stock (LSE:SRSP) would soon spike upwards, though it cannot be said exactly when that would happen. The price would soon find a floor somewhere around the support levels at 0.20 and 0.25; and then spike upwards/rally massively. The price has been testing the lower Trendline – it could even go below it. Likewise, […]

Lonmin shares (LSE:LMI) are supposed to continue going further and further south, given the current price action and the dominant bias in the market. What is happening right now is a good opportunity to go short again. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. The color […]

China’s and the world’s largest mobile carrier China Mobile (NYSE: CHL, initial buy at $53.22), has aggressively sought to grab 4G subscribers over the past 18 months and been very successful in its efforts. Judging from some numbers the company released late last week for its nine months year to date, it is beginning to […]

The USD/JPY trended upwards nicely last week, thus ending the recent protracted equilibrium phase in the market. Since October 15, 2015, the price has moved upwards by roughly 350 pips, almost reaching the supply level at 121.50. Further northward movement is anticipated this week, which may enable the price to reach the resistance levels at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair traded in a tight range from Monday to Wednesday and then broke out southwards on Thursday. The southward break was strong enough to cause a new bearish outlook on EURUSD (plus most other EUR pairs), which would continue for the rest of […]

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The FTSE 100 has not yet resumed its decline but it is also struggling to extend its current rally above 6400. The rally from the September low is in five waves, a pullback is the more likely scenario in the short term. We have had some mixed economic data coming from China and the US. […]