Technical Analysis

“Only execute the trade when the chart matches your plan, if it doesn’t – no trade.” – Gavin Knoesen Intelligent speculation includes some salient aspects like opening of trades, trade management, emotions control and strategy optimization. There is no way around the fact that these salient aspects can never be avoided by active traders, but […]

The EUR/GBP remains strong in the bullish bias. This pair has consolidated above the support level of 0.8385, which is a fairly significant level because it is a pivot point. If the EUR/GBP manages to make a breakout on the resistance level of 0.8410, next target would be the level of 0.8423. On the other […]

HSBC (LSE:HSBA) is a bear market and it would continue going downwards for as long as the selling pressure continues, even when speculators think market would reverse. The quondam bias testifies to this. Past rallies have been punctuated by sharp drops in the price. Every bias requires those who think it would end quickly, so […]

Since the upwards breakout in early February 2014, Exxon Mobil (NYSE:XON) has assumed a bullish bias, with the probability of going further north. The price broke out from the Trendlines, closing above the upper Trendline and trending further north. Now, it is consolidating to the downside. The price may keep on going northward, or it […]

EUR/JPY is trying to define its intraday trend, as this pair remains amid the 200 SMA. This pair is trying to make a bullish consolidation above the 200 SMA. However, the EUR/JPY has made bearish rebounds at this level, so it is likely that this pair fall to the pivot point at the level of […]

Instrument: USDJPY Order: Sell Entry date: March 17, 2014 Entry price: 101.798 Stop loss: 102.806 Take profit: 99.806 Instrument: AUDJPY Order: Sell Entry date: March 17, 2014 Entry price: 92.478 Stop loss: 92.524 Take profit: 90.524 Instrument: CADJPY Order: Sell Entry date: March 17, 2014 Entry price: 90.026 Stop loss: 93.037 Take profit: 90.037 Instrument: […]

Since the USD/JPY is extremely bearish, we are looking forward to selling rallies on it this week. EUR/USD: The bias on this pair is bullish, and the price is expected to trend higher this week. The possibility of pullbacks cannot be ruled out, but the threats should be contained at the support lines of 1.3850 […]

Investors should not get carried away by hope that the bull market will continue to thrive after five years of rising prices. The longer a market continues to rise the more people turn bullish, trust returns and good news goes viral, new investors come along seeking easy money and a path to riches, the euphoria […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is a bull market irrespective of the recent pullback on it. The pullback is just a good opportunity to go long when the price is on sale and in the context of an uptrend. Our target remains at the resistance line of […]

“Let’s face facts. Traders with huge trading fortunes only exist because they started doing small things. Once they got the little things right – they catapulted towards success.” – Caroline Stephen Some decades ago, many people went to school to get knowledge. But nowadays, most people go to school so that they can get jobs […]