Technical Analysis

In spite of the recent downtrend and the current turbulent volatility in the market, Leyshon Resources (LSE:LRL) is going north. The price had already been making some northward attempt in this month, before it gapped upward earlier this week. Whether the gap is filled or not, there is a northward determination in the market. Here, […]

Randgold Resources (LSE:RRS) has been in a clear downtrend. From the year 2012; and so far in this year, this statement has been true. Any rallies have proven to be short-term in nature, giving nice opportunities to go short at dearer prices. It can be seen that the EMA 21 has long been sloping downwards […]

The Aussie continues to weaken and is expected to be down more, if you can break important supports. The AUDUSD ended to form a higher low pattern and fell from 0.9800 to 0.9588 level, where it formed a strong support. It is very possible that the AUDUSD bullish start making rebounds above this support, because […]

The EURUSD is approaching very important levels and forming important patterns, which could set the trend for the long term. On the weekly chart, the EURUSD stays below the 200 day moving average and as we can see clearly, has finished forming a head and shoulders pattern, very important to help us analyze the trend […]

The currency markets are experiencing sharp reversals in the face of major biases, which could be pullbacks or potentially new signals. If you look at your charts more carefully during a busy trading period, you would observe that instruments do not move in straight lines. This is a propensity in the markets; a major bias […]

Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]

Do you know how top traders handle their positions? Schools encourage us to multi-task flawlessly. The more errors a student makes, the worse the marks awarded and therefore less the commendation, for many errors. Mistakes are frowned on in the medical world, business world and the engineering world. Indeed, the willingness to be perfect in […]

  The following is an extract from the number one Amazon Investing Bestseller 101 Charts For Trading Success written in November – December 2010, and now out in Paperback. The book seemed to have two purposes, the first was apparently an attempt to break up my marriage as my wife was 7 months pregnant when […]

In yesterday’s session, the loonie had a big bullish momentum, leading to break strong resistance on the road. The USDCAD finally completed a lower high pattern, that had formed below the resistance level 1.0286, a level of vital importance because this pair tried to break it weeks ago, without success. The loonie took a new […]

The EURUSD is recovering a bit after it had fallen last week but this may not indicate a change of trend in the pair at the moment. The EURUSD is approaching the resistance level 1.2944, which may make a bearish rebound and fall back to the support at the 1.2823 level. If EURUSD breaks that […]