Technical Analysis

The Aussie continues to dominate entirely by the bulls and is expected to this week, this pair further strengthen its trend. The AUD/USD is trying to break the resistance level at 0.9672. If the pair manages to break that level, it is expected to rise to the level of 0.9718. Moreover, this pair is likely […]

Last week, the GBPUSD shot towards the north. Some transitory pullback is normally expected, but the northward bias is valid for this week. EURUSD: The pair moved upwards by more than 140 pips last week, but not after disheartening pullbacks and volatility. This week, it is expected that the upward move would continue, though there […]

LEARN FROM GENERALS OF THE MARKETS – PART 38 “If you are truly passionate about trading and hope to be in the game for a long time, I recommend focusing on a slow and steady approach.” – Joseph Fahmy Mellody Hobson was born in April 3, 1969 (Chicago, Illinois). She’s an American investor, trader and […]

The kind of chart pattern that is seen on Globo (LSE:GBO) shows that now is one of the best times to buy long the shares. The bullish bias in the market is still intact – only that there is a good pullback which offers and excellent buying opportunity. Further northward move was challenged in this […]

Royal Mail (LSE:RMG) has become a hot cake in that it offers investing possibilities to interested ones. However, a closer look at the current price action suggests that bearish attempts cannot be overruled. Generally, the bias on the chart is bullish. The price is now in a sort of consolidation, while the RSI period 14 […]

The EUR/JPY continues to strengthen its bullish trend, while waiting for the formation of new bullish patterns. This pair is forming a lower high pattern above the support level of 132.75 and is very likely that this pair rises to the resistance level of 135.38 in the medium term. On the other hand, we must […]

The FTSE is up more than 200 points from the recent low, one of my sentiment indicators is still declining. This bearish divergence should disappear and I expect sentiment to turn bullish to confirm the uptrend. But right now volatility is picking up and this will continue until we have an agreement on the debt […]

Most JPY pairs opened with minor gaps at the beginning of the week. Overall, the JPY pairs may go further northward. EURUSD: The EURUSD moved indecisively yesterday; whereas the bullish signal on it is still valid (given the position of the indicators). The resistance line at 1.3600 would soon be broken to the upside, because […]

The JPY pairs are currently in a bullish mode, and that is what would likely be the bias for this week. EURUSD: The EURUSD has been moving in a highly volatile manner – giving room for palpable turbulence. There are mixed signals in the market and it is advisable to wait for a clearer direction […]

The AUD/USD opened this week with a bearish gap. The aussie is recovering after he opened the week with a bearish gap, which led to a drop to the support at 0.9426 level, where is located the 200 day moving average. It is very likely that this pair rise to the resistance level at 0.9474 […]