Technical Analysis

The latest stock market setback has been triggered by distress from emerging markets and if you can remember 1997 this may feel like familiar territory. “Thailand ran into trouble in July 1997. Four months later South Korea’s president warned his countrymen of the “bone-carving” pain to follow an IMF bail-out. It took over a year […]

Experienced trading mentors have groomed successful traders over the years. While some frown on the idea of mentioning mentors, it’d be necessary to say that the writer of this article would’ve quit the trading world many years ago when things became so hopeless in the markets, provided he didn’t come across those seasoned coaches and […]

The NZD/USD had a bearish reaction to the publication of the RBNZ interest rate, which remains at 2.50% Now, the kiwi is forming a higher low pattern below the pivot point at 0.8229 level and close to the support level of 0.8160. If the pair manages to break that level, the next target would be […]

Yesterday, the AUD/USD had a fairly bearish session as the pair found resistance at the level of 0.8800, where the 200 day moving average is located. The aussie is forming a bearish pattern below the pivot point at the level of 0.8762. Now, it is likely that the fall of this pair extends to the […]

Like other JPY pairs, the USD/JPY started the Asian session on bullish road, facing resistance at the 103.28 level. For the American session today, it is expected that all the USD pairs will have volatile movements, as the Fed chairman, Ben Bernanke, will have its last meeting as the leader of the Federal Reserve of […]

EUR/JPY is currently trying to make a breakout on the resistance level of 141.08, to achieve it’s next goal at the level of 141.43. This pair has had a bullish momentum at the start of the Asian session, as the EUR/JPY is trying to consolidate above the 200 SMA. However, if this pair makes a […]

The Ebay shares (NASDAQ:EBAY) are experiencing upswings followed by downswings, but the price may go upwards determinedly this year. In the chart, the price broke up from the Trendlines (January 2014), spiked upwards, and then got corrected lower. The lower correction is therefore going into the Trendlines again, but it would not go below the […]

Gulf Keystone stock (LSE:GKP) has been going south, though it is not likely that it would go below the support zone at 150.00, which is a target for the bears.   There has been a ‘Death Cross’ in the chart as the price crossed the EMA 200 to the downside. The EMA 10 has also […]

The AUD/USD has started the Asian session with a strong bullish momentum after the publication of the NAB business confidence index, which has scored a total of 6. Now, the aussie is consolidating above the pivot point at the level of 0.8725 and now this pair aims bullish resistance at the 0.8773 level. If the […]

At the start of the Asian session, the kiwi found strong support at the level of 0.8218, which is close to the pivot point at the level of 0.8230. This pair is within a range of a lot of indecision, as the intraday trend is not clearly defined. The nearest resistance is at the level […]