Technical Analysis

Instrument: USDJPY Order: Buy Entry date: May 19, 2014 Entry price: 101.425 Stop loss: 100.429 Take profit: 103.429 Instrument: AUDJPY Order: Buy Entry date: May 19, 2014 Entry price: 94.614 Stop loss: 93.594 Take profit: 96.594 Instrument: CADJPY Order: Buy Entry date: May 19, 2014 Entry price: 93.315 Stop loss: 92.301 Take profit: 95.301 Instrument: […]

From the accumulation territory at 1.6750, the Cable has bounced upwards. The upward bounce should pause at the distribution territory of 1.6850, so that the present bearish outlook may continue to be valid. EUR/USD: The EURUSD trended gracefully to the downside last week. However, the graceful downward movement has been challenged at the support line […]

The AUD/USD has consolidated above the 200-day moving average, so more bullish movements are expected. The aussie is trying to form a bullish pattern above the pivot point level of 0.9358, which is shown as a very strong resistance level in this pair, but the AUD/USD has finally managed to consolidate above this level. The […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This currency trading instrument has been bearish since last week. From a high of 1.3993, the price dropped by over 340 pips, reaching the support line at 1.3650. The support line has brought about a temporary halt in the bearish journey. This halt resulted […]

Pfizer’s proposed takeover of AstraZeneca is causing lots of questions such as: 1.    How can Pfizer guarantee this takeover will not jeopardise Britain’s position in scientific research and development? 2.    Is Pfizer doing this primarily to avoid a multimillion dollar tax bill in the US? 3.    Does the government have the legal right to intervene? […]

“I’m a breakout trader, and I’ll tell you, over time I have had to learn over and over again to resist the temptation: “This thing is going to go up, I need to get in before it breaks out of this pattern.” – Peter Brandt Facing the realities of the markets successfully is a must […]

The EUR/JPY has found resistance at the 140.69 level, so it is likely to continue falling. This pair is trying to consolidate below the pivot point level of 140.33. The next target for this pair is the support level of 139.73. If the EUR/JPY manages to make a breakout at that level would be expected […]

“If I tell you how I would manage that [$100,000,000] now, I would no longer have a competitive edge.” – Perry Kaufman No matter what your trading results have been in the past, trading remains one of the best ways to the ultimate attainment of financial freedom. During the recent global credit crunch, many people […]

Motive Television stock (LSE:MTV) is in a vivid equilibrium phase, but a significant breakout is expected very soon. Equilibrium markets do not last forever and as such, the price would eventually break out and go in a direction determinedly. The equilibrium phase is brought about as a result of less and less trading activity. This […]

The NZD/USD remains very strong in the bearish bias, so it is very likely that this pair continue making bearish movements. The Kiwi is trying to make a breakout to the pivot point level of 0.8625. If successful, it is expected to fall to the support level of 0.8609. However, the NZD/USD continues within a […]