Technical Analysis

This week, the USD/CHF should be able to trade above the market level at 0.9100. The ultimate target for this week is the resistance level at 0.9200. EUR/USD: This market has been bearish and it would continue to be so this week. We are watching the support lines at 1.3500 and 1.3450, which are the […]

AUD/USD has found strong support at current levels, so it is very likely that this pair perform movements this week. The aussie is forming a bearish pattern above support at the level of 0.8765, a very strong level, as this pair has tried to consolidate below that level, so this pair has not been able […]

For a few weeks, the EURJPY has been experiencing limited bullish energy. Since the overall bias is bearish, it looks sensible to seek ways to go short when the price rallies, at least, to make allowances for the huge upswings and downswings in the price, as it occasionally happens. The price has been moving sideways […]

International Business Machines stock (NYSE:IBM) has been rallying since December 2013. The price has formed a Double Bottom pattern (a “W’ shape), which means a true bottom has been found at those extreme ends, and the price ought to be going upwards. In the chart, the EMA 20 has crossed the EMA 50 to the […]

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Michael Hewson of CMC Markets today writes: “Combine that (net retail sales Q4 number fell back to 1.1%) with hawkish comments from new FOMC voting members Charles Plosser and Richard Fisher with respect to further cuts to monetary stimulus and fairly indifferent earnings releases from JP Morgan Chase and Wells Fargo and you wonder what […]

The EUR/USD found strong resistance above the 200 day moving average and is very likely to continue falling. This pair has found resistance at the point of control near the 1.3665 level. Now, the EUR/USD is forming a higher low pattern below the 200 day moving average near the level of 1.3665. If the pair […]

Although a bearish signal has been in place on the EUR/JPY since last week, it was not until this week that the signal became really significant. Any rally in the market is a good opportunity to sell short. EUR/USD: Gradually the bulls’ determination on this pair has resulted in a Bullish Confirmation Pattern. Eventually the […]

The EUR/JPY has shown its inability to trade higher than the supply zone at 143.00, in spite of testing it several times last week. Should the price then fall below the demand zone at 142.00, it could mean the beginning of a new bearish trend. EUR/USD: After moving sideways for most of last week, this […]

Selling the Rallies and Buying the Dips in Direction of Dominant Biases “All you can do in the end is do your best, and keep building up your trading skills. If you keep trying to excel, but stay realistic, you’ll eventually achieve lasting success.” – Joe Ross In a recent article titled ‘An Introduction to […]