Technical Analysis

The EURUSD continues to develop its bearish trend in the medium term. The formation of bearish patterns will be important to continue to consolidate in the current trend. This pair is forming a higher low pattern below the 200 day moving average and above the support at the 1.3048 level. If the EURUSD manages to […]

Bowleven shares (LSE:BLVN) are what I couldn’t risk my neck on. This is because the shares are not favorable to buyers, except sellers. The shares hit the yearly high in March 2013, testing the distribution territory at 100.00. From that territory, the price dropped seriously and consolidated around the latter part of May 2013. In […]

Based on the reality in the market, it is advised that one do only one or two things with Proteome Sciences stock (LSE:PRM): Sell the stock and/or stay away from it. This is the rational thing to do until this bearish phase is over; unless one is a short-seller. About 4 EMAs are used for […]

Last week, the GBPUSD was very bearish, making consolidation movements below the 200 day moving average. The GBPUSD is forming a higher low pattern, trying to break the support at the 1.5382 level. If the GBPUSD manages to break this support, it is expected to fall to the level of 1.5229. On the other hand, […]

There have been sharp reversals in the markets, as the EUR, GBP and other currencies got weakened. All JPY pairs have rallied: there are confirmed new biases in the markets. As some instruments plummet further, more bearish pressure would be experienced and positions are smoothed as people show the white feather when they are risk-averse. […]

Yes, believe the news, for it’s about real events. The only problem is that the effect on the markets may sometimes go against what people expect. I think candlestick trading is awesome in the short-term, and as a result of this, one needs to consider it for intra-day trading and exit once there is a […]

Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]

Which Opinions Are Correct? The trading world is full of too many different ideas that are hyped excessively. Many a professional often asserts that her/his own trading idea is the best. Many traders breathe intraday trading, and many endorse investing. Some worship tape reading, while some idolize Fibonacci ratios. Some use supply and demand levels […]

In yesterday’s session, EURUSD fell over 100 pips, invalidating the bullish outlooks that were proposed in previous articles for this pair. The EURUSD dropped to support at the level of 1.3274, after the United States, the Fed chairman, Ben Bernanke, gave a press conference where he spoke optimistically about the U.S. economy and therefore, the […]

There is a clean indication that ITM Power shares (LSE:ITM) would sustain the bullish bias it has already started. In the last few months, the price has refused to go below the support level of 35, and therefore, the present situation is favorable to buyers. Looking at the chart, it would be seen that the […]