Technical Analysis

The NZDUSD has made a pullback in the moving average of 200. This pair has found resistance in the daily pivot point level of 0.8383 by what this pair could fall up to the support level of 0.8361. If the NZDUSD manages to make a breakout at that level, would be expected to fall until […]

GOLD (XAUUSD) Dominant Bias: Bearish Contrary to the assumption that Gold would be bullish, its price has gone downwards significantly within the last 2 weeks. There is now a Bearish Confirmation Pattern in the market and the market can continue to be weak. There are support levels at 1275.00 and 1265.00, which would serve as […]

GULF KEYSTONE SHARES RALLY The shares (LSE:GKP) were trending downwards till the early part of August 2014. That was when the price hit a rock bottom around the demand level at 60.00. After this, the price begins to rally – something that is still valid up till now. In the chart, the price broke above […]

Tesco stock (LSE:TSCO) has been dropping like a stone for most of this year, although the price has kind of consolidated around the months of April, May and June 2014. Since then, the price has broken out to the downside, trending south. This southward trend is likely to continue. Here, we use 4 EMAs. They […]

The EURGBP is forming a bearish pattern below the daily pivot point level of 0.7961 in H1 Chart. Now, this pair has formed two Fractals near 0.7950 level, which could cause the EURGBP make a rebound and climb up to the resistance level of 0.7972. If the EURGBP manages to make a breakout at this […]

Note: All the trades below were entered on August 25, 2014. If you’d trade the signals, they mustn’t be entered later than 7.00 AM GMT on August 26, 2014. Gap trading offers unique trading opportunities when they happen on hourly charts and on many currency pairs and crosses simultaneously. In the year 2011, there were […]

The USD/JPY has already tested the supply level at 104.00. Should that supply level gets breached to the upside, the next target in the chart would be the supply level at 104.50. EUR/USD: This pair has been able to continue its southward journey. As it was accurately forecasted, the last rally in the market proffered […]

The AUDUSD encountered resistance near to the 0.9331 level, so now, this pair is consolidating below the 200-day moving average.  If the AUDUSD manages to make a breakout at the support level of 0.9295, it would be expected to fall to the level of 0.9275. However, this pair could perform a rebound at current levels […]

The EURJPY remains above the support level of 137.77, which is a daily pivot point. If the EURJPY manages to make a breakout at the resistance level of 138.08, expected to that rise to the level of 138.25. However, it is likely that this pair will start to be a retracement to the support level […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has been able to maintain its bearish bias. In this kind of market, any rallies would proffer opportunities to sell short. Therefore, the current rally may be another short-selling opportunity, provided that it does not go above the resistance line at 1.3350. […]