Technical Analysis

Instrument: USDJPY Order: Buy Entry date: February 10, 2014 Entry price: 102.208 Stop loss: 101.206 Take profit: 104.206 Instrument: AUDJPY Order: Buy Entry date: February 10, 2014 Entry price: 91.473 Stop loss: 90.462 Take profit: 93.463 Instrument: CADJPY Order: Buy Entry date: February 10, 2014 Entry price: 92.481 Stop loss: 91.465 Take profit: 94.463 Instrument: […]

There are new strong biases in the markets which are supposed to continue this week. EUR/USD: The new lease of energy in the EUR has become strong enough to cause the pair to form a Bullish Confirmation Pattern in the chart. The target for this week is at the resistance line at 1.3700, and the […]

There have been significant reversals that threaten the major biases in the markets. However, for the reversals to be confirmed as established biases, they would need to hold out for a few more days; otherwise they would be termed as transitory breakouts. EURUSD Dominant bias: Bearish Following the latest bullish breakout in this market, the […]

The kiwi has been a decline from the level of 0.8275, which has led it to fall to the support level of 0.8218. NZD/USD continues to move above the 200 day moving average, so the bullish bias still remains. However, a breakout in the support level at 0.8209, this pair would fall to the support […]

EUR/JPY is consolidating above the 200 day moving average, though this could be the beginning of a bearish rebound. This pair is above the pivot point at the level of 138.10 as the EUR/JPY has recovered from falls. Now, the EUR/JPY is in a strong bullish bias. If the pair manages to form a bullish […]

LEARN FROM THE GENERALS OF THE MARKETS – PART 45 “Always remember this: There are traders that have ruined entire accounts but still did not give up and were ultimately successful.” – Marko Graenitz Toni Turner, a happy American trader, is a trading educator and a successful author of many trading and investment books. Some […]

Twitter shares (NYSE:TWTR) bare bound to rise higher this year. There have been consolidating phases in the market, following by upward breakouts. The ADX period 14 is currently below the level 30, showing a lack of momentum in the market. Plus the DM+ is above the DM-, meaning that the bulls still have some determination […]

FTSE 250 (FTSE:MCX) is currently gloomy for the bulls, but a boon to the bears. The price has been trending southward and it could go further as such. This stock formed a top in January 2014 as further northward effort was rejected. Since then, it has crossed the EMA period 21 to the downside, while […]

AUD/USD has been driven up by the success of the trade balance that were released a few hours ago, which reflected a positive reading of 0.47B versus -0.2B7 that were predicted. The aussie has managed to break the strong resistance level of 0.8940, which was holding back the progress of the bullish bias in this pair. […]

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