Technical Analysis

The FasJet shares (LSE:FJET) are so weak that it has the potential to continue going further downwards. It is possible that long positions on the market could go kaput. This is a bear market. Two rams cannot drink from the same calabash. Since the bear is in control of the shares, the bull is in […]

There is a wonderful opportunity to go long on IGas (LSE:IGAS). The shares are expected to go northward slowly or steadily until further notice. This means it is high time permabears smoothed their positions; otherwise they would discover maggots in a heap of salt. The market was in a bullish mode until the end of […]

The GBPUSD continues forming a bullish pattern, to follow up and breaking resistance levels, along the way. We should not rule out possible bearish rebounds. The GBPUSD is trying to exceed the 200 day moving average, upward, to continue forming a lower high pattern and to break the resistance level at 1.5618. If the cable […]

The Greenback has been weak and the Yen has been strong. Most JPY pairs are also weak. The fundamentals that were released lately even added fuel to the extant biases. This means vivid bullish biases for some currency instruments like EURUSD and GBPUSD: and conspicuous bearish biases for some instruments like the USDCHF and EURJPY. […]

The EURUSD is forming bullish patterns, allowing to this pair to continue its bullish trend of the moment. EURUSD remains above the 200 day moving average and is making consolidation movements. If the EURUSD managed to break the resistance at the 1.3243 level, it’s expected to rise to 1.3300 psychological level. On the other hand, […]

Naked trading is no Holy Grail. I also do naked trading. But trading naked without the use of strict money management, risk control and discipline cannot help you. With these things, you can succeed with indicators; and without them, you can fail with naked trading. No trading signals are 100% accuracy, yet subscribers to trading […]

Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]

The EURUSD has a strong bullish trend and now, this pair will seek to break new resistances. EURUSD is forming a lower high pattern below the resistance level of 1.3309. If this pair manages to break this resistance, it is expected to rise to the level of 1.3363. The general outlook for this pair is […]

The USDCAD has not had significant movements that have achieved mainstream alter this pair, which is bullish. The USDCAD has been in a low range in this chart, forming a support level at 1.0290 and resistance at 1.0400 psychological level. If the loonie managed to break the resistance at 1.0400, it’s expected to rise to […]

I have an unfair advantage when it comes to forecasting the stock market. Unlike 95% of analysts, I use sentiment and Elliott wave analysis to forecast prices which work incredibly well. These two techniques together are a powerful forecasting indicator. Take the current stock market slide for example, regular readers will know that I warned […]