Technical Analysis

ACTA shares (LSE:ACTA) do not look attractive right now, and the best option is to stay away from the market until a clear bias is formed. The market is currently in an equilibrium phase and there no significant victory between the bulls and the bears. The ADX line is below the level 20, showing a […]

The indicators on Sefton Resources (LSE:SER) are screaming out in what is another buying opportunity of a lifetime. In the recent bear market, the price has largely moved sideways from March 2013 until the latter part of the month of July 2013. It is known that the stock is very cheap right now. From the […]

In the last several trading days, we can see that the GBP, the CHF, and the EUR have continued showing strength, while the USD has continued to be weakened against them. The JPY pairs are also showing signs of noteworthy pullbacks, following their testing of major supply levels. The more overextended and protracted the current […]

The GBPUSD remains very strong on a bullish trend, but eventually the situation could change in this pair. Now this pair is in very critical levels. The cable continues forming a lower high pattern, below the resistance level of 1.5387. If the pair manages to break that level, it is expected to rise to the […]

AUDUSD: Buy Following what could be rightly termed a Bullish Confirmation Pattern, the AUDUSD has given a clear indication of a bullish signal. Since last week, the price has closed above the EMA 56, while the RSI period 14 moved above the level 50. Within the same week, the novel bias was morbidly threatened during […]

Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]

The GBPUSD is approaching critical levels where this could change its trend. However, the trend remains bullish. This pair is forming a lower high pattern, below the resistance  level of 1.5378 and below the SMA 200. If the pair manages to break that level, it is expected to rise to the level of 1.5515. However, […]

The EURUSD continues to consolidate up and still no signs of change in trend, so this pair is very strong. EURUSD continues forming a lower high pattern, below the resistance level of 1.3241 and above the SMA 200 at the level of 1.3117. If the pair manages to break that level, it is expected to […]

New World Oil stock (LSELNEW) has long been consolidating in what could be rightly called a downtrend. It is assumed that the price would drop further after the consolidation has run its course. The price has been running lower since the beginning of this year. It even gapped down on early February 2013. Since late […]

The volatile shares of Providential Resources (LSE:PVR) have invariably been involved in upswings, followed by far significant downswings. Right now, the price could experience another significant plunge after the recent massive gap-down. Historically, it would be seen that any rallies in this market have been weak and the subsequent dips in the price have been […]