Technical Analysis

GBPCHF: SELL The outlook on the GBPCHF cross was bullish until recently. In most part of February 2013, the price trended upwards, but it is noteworthy that it could not trend higher than the resistance level at 1.4473 (which means that further bullish run was rejected at that level). After this incident, the next bullish […]

At yesterday’s session, economic data were published (Building Approvals and Retail Sales), giving a bullish momentum to the AUDUSD in the early hours of the day, because the readings were positive for the aussie, but the bullish momentum was slowed in the final hours of the session. The AUDUSD is respecting the uptrend line on […]

The EURUSD rose about 40 pips in yesterday’s session, touching a strong resistance on the way, that stopped their upward momentum. ¿Will the EURUSD go bullish or bearish for today’s session? The EURUSD found strong resistance at 1.2858, near the 200 day moving average. At that level, they formed a strong “congestion zone”, making a […]

The EURJPY has shown interesting bearish patterns, which, supported not fall in the next session for the EURJPY. ¿Are we watching a full domination of the bears in this pair? The EURJPY had a break of the uptrend line at the beginning of this week, which led to this pair to have fallen over 100 […]

In Tuesday’s session, the UK Manufacturing PMI was published, which, was 48.3, lower than the 48.9 forecast, after that, the GBPUSD fell over 140 pips. ¿Will the bears continue to dominate the bulls, for the rest of the week? On the 1 hour chart, we can see that the GBPUSD is below the 200 day […]

The USDJPY remains in a bearish outlook, trading below the 200 day moving average, facing strong resistances in their attempt to want to go higher. The USDJPY is facing a strong resistance at 93.42, a level that has been very strong in days ago. If the USDJPY manages to break this resistance, could visit the […]

The GBPUSD rose more than 40 pips in yesterday’s session. Today, the cable could define completely the trend for this week. In the fundamental outlook for today, we must pay attention to the Manufacturing PMI, which has a previous reading of 47.9 and has a forecast of 48.9. A reading higher than the forecasted, would […]

Yesterday, was published the Manufacturing PMI data in China for this month and it was not the best for the AUDUSD in yesterday’s session, leading it to fall aproximately at 1.0385. Remember, that everything that happens in the Chinese’s economy, may have high impact on the Australian dollar. The chinese’s manufacturing PMI reading for the […]

The primary trend on Iofina plc (LSE:IOF) is bullish. On September 25, 2013, I recommended that the stock on this market should be bought (http://uk.advfn.com/newspaper/azeez-mustapha/10713/iofina-plc-buy). For those who did so, congratulations! Then, the price was at 70.00, but at the time of writing this new forecast, the stock was trading at 187.00. What a significant gain! […]

In recent times, the situation on Tethys Petroleum (LSE:TPL) has been bullish. But right now, the stock is in an equilibrium mode. Then what is the next price direction? Would the bear’s threats materialize? Would the bull’s threats materialize? What is it that issues threats in the forest? Let it carry out its threats quickly, […]