Technical Analysis

The bearish outlook remains alive at AUDUSD, at least in H1 chart, where we’re seeing a pullback from 200 SMA until support level of 0.7243. Aussie should break that zone in order to fall until the 0.7186, where a very strong support level in the short-term is placed. Also, bear in mind the daily pivot […]

Concha shares (LSE:CHA) have the tendency to continue going north – though in a slow and gradual manner. There is no big momentum in the market but the shares are fairly strong. The ADX period 14 is not above the level 30, confirming the aforementioned low momentum in the market. The ADX DM+ is, however, […]

Uranium Resources stock (LSE:URA) is expected to go upward, owing to the Double Bottom Pattern in the market and the current price action. The market reached a floor on April and May 2015 before rising up significantly. At the end of July, it reached another floor, and now the price is taking off. In the […]

The GBP/USD went bearish last week, breaking southward out of the recent equilibrium phase. The price tested the accumulation territory at 1.5450 and later bounced upward from there. The bias on the market is bearish and it is possible that the accumulation territory would be tested again; it may even be breached to the downside. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is now a volatile pair, characterized by serious struggles between bear and bull in the context of a downtrend. The support line at 1.0850 was tested last week, but price could not break it to the downside. For the downtrend trend to continue […]

The S&P 500 rose by 0.31% on Wednesday following three days of consecutive losses. Technology shares helped boost the benchmark in what was a mixed day for US indices. The Nasdaq climbed by 0.67% but the Dow Jones Industrial Average found itself weighed down by industrial shares and blue chip stocks and ended up closing […]

EURUSD found support around the 1.0856 level and now it’s trying to consolidate again above the daily pivot point zone of 1.0896. If that happens, then pair will look to face off the 200 SMA at H1 chart, which is currently doing dynamic resistance over the EURUSD. However, the bearish outlook in the short term […]

“The point [is] that a trader has to master their psychology to allow him or her to take many small losses, trade through drawdowns, and let winners run beyond expectations.” – Markham Gross Some people preach against leverage because of their own faults. They use trading methodologies that ultimately make average losses that are bigger […]

Clean Air Power stock (LSE:CAP) now offers an excellent opportunity to buy, owing to the current price action and the situation surrounding the market. Astute buyers may not want to watch the stock as it recovers, garnering massive gains (like thousands of percentage in the months and years to come); they may also want to […]

Gulf Keystone shares (LSE:GKP) are now in a dicey situation. The price has been moving sideways for the past several months, trying to consolidate further south. This is currently not a directional market at all; it is a boring market. The butterfly tries to imitate the bird, but it can never be like the bird. […]