Dec 08 2014 @ 17:54
GBPAUD = Buy GBPUSD = Buy EURGBP = Sell GBPJPY = Buy GBPCHF = Buy GBPCAD = Buy GBPNZD = Buy NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position […]
Dec 08 2014 @ 17:18
The EURGBP made a rebound on the support level of 0.7845, so this pair is performing corrective Movements in favor of the current bearish bias. Now the EURGBP is finding resistance at the daily pivot point of 0.7870 level, so this pair could make a pullback in that area and fall back to the level […]
Dec 07 2014 @ 19:18
Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength. EUR/USD: This pair […]
Dec 07 2014 @ 17:26
The AUDUSD has started the week with a bearish gap below the daily pivot point of 0.8341 level, which could serve as a strong resistance zone in this pair. Now the AUDUSD try to reach that level to fill the gap, but the bearish bias still remains strong in the Aussie, which is likely to […]
Dec 06 2014 @ 16:45
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a weak market, and the broke below the line at 1.2400 (which is now a resistance line) led to the strengthening of the bearish bias as price went further downwards, closing below the resistance line at 1.2300. The target for next week […]
Dec 05 2014 @ 04:03
Gold futures traded in a tight range on Thursday in what was a relatively quiet session across most financial assets. Traders had one eye on Friday’s non-farm payroll numbers and stock markets retreated across the board. The S&P 500 pared early losses to finish lower by -0.12% on the day. ECB Chief Mario Draghi said […]
Dec 04 2014 @ 18:34
The EURJPY has made a pullback on the resistance level of 148.77 in the H1 chart. This pair is making a retracement for the current bullish trend therefore is very likely that the EURJPY finds support at the 147.90 level, where furthermore, this pair could conduct a rebound to climb back up to resistance level […]
Dec 04 2014 @ 06:33
“I am adhering to a positive expectancy model and prudent rules of risk management, therefore I have confidence in taking each and every trading signal.” The Relative Strength Index (RSI) – which has many uses – is a popular tool among Forex traders. However, using it in a conventional way mayn’t serve our best interest. […]
Dec 03 2014 @ 05:27
Fitbug Holdings shares (
LSE:FITB) have risen from a strange base in a determination to go upwards. The base is called a strange base because it was ongoing for many months (an extremely tight consolidation), while price appears as dots in the chart. However, the current upwards breakout signals the end of the tight consolidation. The […]
Dec 03 2014 @ 05:17
Gulf Keystone stock (
LSE:GKP) is still bearish in outlook and long trades are not currently recommended. The bearish forces that cause the current weakness are present in the market. The insects that devour vegetables live on vegetables. The price is almost below the EMA 21 and the Williams’ % Range period 20 is not that […]
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