Technical Analysis

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 5 “I had done alright at school and was regarded in my earlier profession as a clever and steady worker, but nothing of this was of any use in trading.” – Tomorton (Source: Trade2win.com) Name: Stanley Druckenmiller Country: USA Date of birth: June 14, 1953 Profession: […]

Tern shares (LSE:TERN) are consolidating to the upside and this may eventually result in an upward break which may enable the price to accelerate further upwards. In the chart, the ADX period 14 is around the level 20, confirming the consolidation phase. However, the DM+ is above the DM-, proving that the bulls have upper […]

Renew Holdings stock (LSE:RNWH) has really made for the sky and there is still a lot of energy in the stock, fueled by the bulls’ determination to push the price further higher. The price is far above the EMA 21 and the Williams’ % Range period 20 is around the overbought region. This means that […]

The Aussie had a significant turning point at the May 14 session, because it started a bearish journey. Now, AUDUSD is currently trading in favor of the bearish bias, below the 200 SMA at H1 chart and the daily pivot point level of 0.8171. Now, the pair could find support at the 0.8136 and if […]

The USD/CHF dropped last week, testing the support level at 0.9100. The outlook on this market is bearish for this week, especially in the face of the current strength in the EUR/USD (which would keep the USD/CHF under selling pressure). Another factor is that the CHF could be strengthened this week. EUR/USD: The EUR/USD moved […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Against all odds and contrary expectations, EURUSD went further upwards last week. From around the support line at 1.1150, price went upwards towards the resistance line 1.1450 (a movement of at least, 300 pips). The next targets for the bulls are located at the […]

The S&P 500 closed at an all-time high of 2,121,10 on Thursday as shares finished higher across the board, led by gains in healthcare, consumer goods and technology stocks. The index finished higher by 1.08%, just above the previous record close of 2,117.69 set last month. Nine out of ten S&P 500 sectors finished in […]

NZDUSD is currently trading in favor of the bearish bias, looking it into an intraday outlook at H1 chart. For now, we could say the 200 SMA on this timeframe is offering some kind of dynamic support and because of it, the Kiwi could perform a rebound and rise until the daily pivot point level […]

“Markets are simply the markets. They move up, down and sideways with or without you. I don’t believe they are out to get you or give you anything. They just do what they like. Your job, if you want to succeed, is to assess conditions and align with trends.” – Mike Melissinos Why trade? Have […]

President Energy stock (LSE:PPC) is really at a critical point. This is a point in which the stock does not go either upwards or downwards, consolidating since the beginning of 2015. A breakout to the upside or the downside is expected soon on this market. While some wait for a breakout to the upside, a […]